If you pay attention to the candles you can see that downtrend wants to continue. simply look at what the price is doing at the right time.
Having seen US core CPI come in at 6% the strong reaction in rates, US Treasuries, gold, and the USD makes sense – somewhat more puzzling, after an initial spike of 3% in the US500, we’ve seen a sizeable reversal in US equity markets and perhaps this shows trepidation to hold exposures over the upcoming FOMC meeting. Certainly, USD pairs are getting a strong...
we have resistance above this could drop a lot more before making a come back
Since microwave 3 was a sharpie wave, we can expect microwave 5 to be truancated. After confirming the end of the 5th, we can expect Gold to fall until the end of the microwave 4. Gold Analyze ( XAUUSD ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea,...
Gold is running near the PRZ(Price Reversal Zone) & the trend line & lower line of descending channel. I expect Gold will go up at least to the upper line of descending channel. Gold Analyze ( XAUUSD ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea,...
Hello friends. As you can see in the chart, we have completed the y wave and we are waiting for the accelerated x wave to form, which seems to cause the index to grow to the specified range. So there is an expectation of buying in this area. Take care of your profits.
Looking for a push to 105.3 and will short from there. Targets as shown.
As stated the USD has been working its way down to meet ascending support which is very close now. Im expecting support to hold and the USD to continue higher thereafter. Risk on assets like stocks and Bitcoin likely to reverse and head lower as I believe the recent bullish activity was a dead cat bounce.
TVC:DXY Hello Traders! This is my analysis of DXY for this day. I engaged my selling positions on my accounts and my clients did too. as you can see even on the 4h timeframe we have a rejection there and if you take a look on the daily you'll see the big move to the downside is coming Leave a like if you agree and write your opinion in the comments!
Price used the core CPI news to take out engineered liquidity below DXY last week's lows and above XXXUSD last week's highs.
$USDNOK - Now we wait... Another week for us traders to take advantage of Excellent set up for usdnok - now we wait for a break to either direction we do have key fundamental data this week. Will Powell be as before dovish or will he hawkish as well as that softer cpi coming our way expected and then taking into consideration the technical view of usdnok it's...
50.14348112*FX_IDC:USDEUR^0.576*FX:USDJPY^0.136*FX_IDC:USDGBP^0.119*FX:USDCAD^0.091*FX_IDC:USDSEK^0.042*FX:USDCHF^0.036 "We can't publish this idea for you just yet" "Wow, looks like you've used quite a few capital letters here. This can SEEM LIKE SHOUTING to a lot of folks on the internet. If you could please tone it down a touch, that'd be much...
USDJPY - Can we head lower? We could head lower on USDJPY if dollars bears carry on, we did just have CPI print lower than expected. However with FOMC tomorrow, does powell even go more dovish - decent levels in USDJPY to play on short and long side. Enjoy TJ
Are you ready for the CPI? Forecast 7.3% - If it comes lower, it's good result you may get SPX climb higher. However think about how low it comes in or does it come in line or do we get opposite and comes out higher or in-line. Don't forget we have CPI today but we have FOMC tomorrow. I am going to be trading the two events separate taking my CPI trades off...
If US CORE y/y above 6.3% and Headline y/y above7.5% Expect SP500 falls USD gains USDJPY upside XAUUSD falls XAGUSD falls
If US CORE y/y prints below 6% and Headline y/y below 7.2% Expect SP500 gains USD falls USDJPY falls XAUUSD gains XAGUSD gains
Heavy data driven week be prepared. Central bank policies global PMI & US CPI in focus.