These are my keylevels on USD-RON. USD looking bearish vs RON so,for now im remaining in RON.
Today's CPI data (down to 5.0% from 6.0% YoY) created interesting and actionable price action this morning... more on my thoughts about it later. Technically the data release created a Spike Alert by punching through the pre-market high and then closing back inside it before the cash open. This is happening within two important contexts: A double top for...
The LEI (Leading Economic Indicators) has a great track record of predicting recessions. While a recession has been much anticipated for many months... now the data is coming in to actually support the possibility. What does this mean for Bitcoin? The two most important data points we have (because we don't actually have a major recession to draw upon in...
USDRON is consolidating on a Higher Low on the 1D Channel Up (RSI = 54.485, Williams = -49.880, Highs/Lows = 0). Taking a long, TP = 4.04165, but as you see on a very tight SL.
LEI has failed many times to break a strong level around 4,84$. I'm waiting for a solid breakout of this level for a long setup. The buying pressure seems increasing and the price is in the lower trendline. Possible bouncing area in case of breakdownd posted on chart.
This ticker has been requested by a follower of mine, so I mapped out the current trend along with key resistance points. Trade safe!