Good Morning everyone, As we expect the dollar is gaining some power during this weeks, and the previous meetings is being bullish for the usd currencies. In that matter we expect the same to happen today at 01:00pm. this trade is expected 1/1 risk reward. That's my personal opinion for today
OANDA:EURUSD The hot topic on the markets, will it keep the trend reversal by seeking a channel or break the resistances at 1.0350 or check the par once again around EU Interest, purely chart reading suggests that channel, once again the traders are those who drive the boat and may change direction at any time regardless of the wind. December is coming, keep in...
markets fell, indicators supporting!! rising wedge pattern is formed. RSI will react in the same way as there previous ones are. markets will reach its bottom point of its crucial trend line support, and will start moving up the next week. this week's was a crucial point, as FED'S meeting led to fall in our markets, and a further fall due to RBI's announcement....
In all of 2022. market rallied after FOMC meeting just to go lower shortly afterwards. Only on 16th march it went lower straight away. My base case is market just go lower fading the summer rally move all the way and finding support somewhere around 269 (PT 1, june 22. low) or 237 (PT2, precovid high). Second case is retest of vopc, roughly 312. and than...
bears are coming back strong..............................
"Elon Musk Buy Twitter" news work as fuel for Market. DOW Bounce near 600 point and bitcoin back to $40000+ after announcement. $42500 is major resistance for bitcoin and Market cant ignore FED FOMC meeting on May 4. Bears will like to play short near $42500. Daily closing above $42500 will create fresh momentum in market. If BTC hold $37k support till May 4...
The euro is in a downtrend that hit a two-day low on Monday. There is an FOMC meeting tonight and we will probably have a dollar pump after this meeting. We also had a dump, after which a rectangular pattern was formed, and since the long-term trend is downward, the probability of reaching the bottom of the channel is high.
Some big news is coming on Jan. 20th as Gores Holding IV is holding a special Stockholder meeting following the announced merger with UWM (United Wholesale Mortgage, the largest wholesale mortgage lender in the US). Stay tuned for this meeting and watch it MOON. Stay Frosty, Geocoin
As I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
RBA is less likely to provide further support to the Aussie dollar and expect any AUD weakness to be mostly channeled through a lower AUD/NZD, where the monetary policy differential may be more evident (given a neutral RBNZ). Market participants in this cross-currency seem to price in ahead of the meeting where we can see a strong bearish pressure for now in the...
BOC coming near and most of the currencies having this comdoll as a base or counter losing against the other side currency example FOREXCOM:USDCAD , it all give us some hint that market participant was dumbing loonie before its meeting. It may have retracement upward but overall deciding for now the overall market reversal might have fewer chances before the BOC...
EUR/USD price broke again the resistance, we recommend a long entrance with a target of 1,133 / 1,138 with timing not exceeding 2-3 days. Then, once there is a rejection with daily confirmation, reposition short in the short period (a few weeks) with the target area between the 1.10 and the 1.08.. It is returning to the side channel that has been stalling since...
From my humble view, there is still room to 1.21 (R2 Yearly Pivot). The market will test the ECB at each meetings, but in the end the risk is on the downside to pullback on 1.13 (R1 Yearly Pivot)...
The UK Brent seem to have met some resistance from both a horizontal resistance and resistance from downward channel. T here is a OPEC meeting 25th May to see if they should extent the production cut 9 more months for its members. You should not trade before this meeting , but rather see the development after the meeting. Bullish sentiments: - The members +...
So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...