Outlook for GBP/USD 24th - 28th December Having a look at where price is currently.
Price has been finding selling pressure at the zone in the middle at the 1.2700 level. The first 2 touches of this price has shown that there are a lot more selling, further to this on the 3rd attempt at this zone, price found pressure a few pips lower.
Between 1.2700 and 1.2600 price has started o move sideways with no real push, this could be due to the Christmas period and the markets slowing down in general.
Having a look at the Fresh Zones where we would see the best risk / reward there are 2.
The lowest zone hasn't seen price since April 2017, if price pushes through the lower timeframe structures this would offer the best area to buy from imo.
If price were to find this level at 1.24300's then on the higher levels we have a larger range of around 500 pips.
Outlook
USDJPY- GREAT LONG TERM BUY IN THE MAKING
USDJPY is getting close to the zone where we're expected to look for a buy setup. Personally wouldn't be looking to enter any short positions unless we get a nice sell setup. We still have the possibility of getting a more complex correction for this B wave.
Will keep you updated.
SPX: Weekly outlook! Best price to buy?Hey tradomaniacs,
welcome to another outlook of the S&P500!
Tuff times and volatile markets are giving Swingtraders hard times to trade the market.
On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-)
The S&P500 as the "world index" should be on your watchlist to observe the market carefully!
Will we crash? Or can we stay above the panic-zone?
SPX500 is currently dancing between 2.600 and 2.800 since 03. October!
With two rallys after the the Sell-Off the market was trying to get above the 2.800 but coouldn`t make it.
Every rally has got totally invalidated by the market due to uncertainity driven by news over news.
The MAC-D is showing us a "Bullish divergence", creating higher lows, while SPX lows are going sideways!
Overall we have seen more bearish commitment, it seems the market wants to safe profits as fast as possible.
The political situation is cooling down and relationship between China and teh USA seems to be headed in the right direction.
If cruide oil climbs, we could see more optimism and at least another try to break through 2.800!
Cann we holf 61,8% retracement and 2.600? We will see! :-)
I wish you a great start into the new week!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
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Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EURAUD - Outlook 17 - 21 december Price is currently in the middle of 2 weekly zones which have both been tested at least 3 times.
The upper zone is a zone from Nov 2009 and has had some big drops in the past, because of this we may not see strength at this level.
We are seeing price respect a daily level, due to the zone below having been test 3 times, we could see price make a break lower to the fresh zone below which would give a better low risk long position.
Will want and see which way price moves
GBPAUD - Outlook 17 - 21 DecemberPrice is currently in-between 2 Zones currently, price has touched and rejected the Weekly area 3 times but hasn't moved away with any real force.
Price could re test then move to the lower level, as it stands I will wait and see which way price decides to move before looking for any entries
EURUSD -Outlook 17 - 21 December Price has now touch and rejected the current weekly zone 3 times, if we see a further test of this area then we could see prices break lower to the fresh zone below, similar to the DXY breaking higher to the higher zone.
If price does respect this level there is a 4 hr zone to be aware of
DAX: WEEKLY OVERVIEW! Look at his divergence!#Buychance?Hey tradomaniacs,
quick a weekly overview of the DAX.
It all plays out as the S/H/S-Pattern pre-determined.
Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years.
The sell-pressure is more than obvious and clear. But can we recover?
Is that a trigger for panic? Or rather a chance to buy as cheap as never before?
NOONE KNOWS!
My first target is the 10.583 and should be the next decent support-level!
But what about the US-Markets, whose seems to be upbeat not willing to violate the previous lows of the year?
If we don`t head downwards the DAX could possibly get "support" by the Wallstreet.
During the last week we`ve seen alot of important news that could support the wallstreet this month!
1. OPEC finally agreed to reduce the discharge of oil by 1,4 mio barrel a day.
2. NFP-Data way worse than expected. A weak economy means no the FED could possibly abstain from its policy and decrease the amount of rate hikes, which would weaken the US-DOLLAR and push the economy (still liquidity) and
oil!
But there are still important things like the brexit, tradewar, italy and so on!
What will happen? Noone knows!
For now, I`m still bearish but I see the potential auf a change before we crash next year! :-)
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Leave a like and a comment - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
BITCOIN UPDATE: A possible path of Bitcoin to the bottom to 3k?Hey tradomaniacs,
Keep bleeding, keep, keep bleeding love..
- Where will go we go?
- Where is the end?
- When is the price low enough for the big banks to seize?
We don`t know but ther is ONE fact and ONE advice for everyone!
Don`t try to catch the bottom - or rather.. don`t try to catch a knife! :-)
Be patient.. as soon as the see a trendchange we might get a chance to stack up our positions! :-)
But for now, we`ve gotta wait and see how much BTC can bleed without getting knocked-out!
We will survive my friends!
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Leave a like and a comment - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Any questions? PM me. :-)
SPY is now a buySPY is now a buy for the technical reasons given on the chart. It's been a rough earnings season but I expect outlook to brighten once again coming off this low. This is a little derivative of my GOOGL idea but I wanted to reiterate my buy rating on SPY now that we have seen the last leg down.
What do you guys think?
-Kristian
Possible AUD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Triple Top .
B – Beliefs
Market will be rejected at @0.723 level and move towards the first Target 1 level @ 0.72 level.
FX:AUDCHF
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @0.72
Risk/Reward @ 1.5:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
EUR/USD: Weekly overview - The way to parity & S/H/S-Pattern!DAX: Weekly Overview! Chance to get back to 12.000 increases!
Hey tradomaniacs,
WELCOME to the outlook of EUR/USD.
The currencypair EUR/USD seems to continue it`s downtrend and could move down to parity.
Fundamental reasons could be the siuation in Italy not willing to desist from its high budget-plan (indebtedness)
which got rejected by the E.U. which is forced to come up with consequences such as a excessive deficit procedure.
The second reason is still the Brexit and it`S possible harsh outcome.
Technical aspects:
Within the last 5 weeks we were fighting at the important mark of 1.14 and mostly closed below this level.
THIS price is a very important support-level as you can see in the history when the market went up and down in
a sideways trend.
The market tested the Fibonacci-Retracement of 61,8% (PHI) @ 1,12144 and bounced back to test the area of the previous
low in MAY 2018 @ 1,15.
The respected 200 Moving Average is right below the price and helped the market to find a support level.
Overall, the market looks really bearish and should continue it`s journey down close to parity.
If we break through the 61,8% retracement, the next logical support should be at 1.10.
A break above 1,15 could turn the market upwards in order to continue the consolidation between 1,18074 and 1,14.
The previous green candle shows a bullsih reversal which is actually a sigh of strenght.
As always, everything can happen.
Have a nice start into the week!
Peace and good trades
Irasor
Wanna see more? Don`t forgetto follow me.
Any questions? PM me. :-)
GOLD: Weekly overview! Chance to see 1.268 soon is likely!Hey tradomaniacs,
WELCOME to the overview of Gold.
Within the last week, we`ve created a "DOJI-Candle" which indicates a sideways trend.
The market almost closed at the same price it openend.
We`ve seen no volatility and no real direction.
Important resistance:
Within the last 5 weeks we were not able to move above the 38,2% retracement which is at 1.238 - 1.243.
The respected 200 weekly M/A is right at the resistance and seems to support it.
How ever, according to the dow-theory we still see higher Lows indicating an uptrend, thus it`s more
likely to see GOLD rising up to 1.268!
A breakout through the mentioned resistance could be a very nice and volatile trigger for the market to buy.
A break through 1.184 could cause a sell-off down to 1.122!
The primary trend shows an ascending triangle which is also a positive sign for gold!
We will see! :-)
Have a nice start into the week!
Peace and good trades
Irasor
Wanna see more? Don`t forgetto follow me.
Any questions? PM me. :-)
DAX: Weekly Overview! Chance to get back to 12k!Years-End-Rally?Hey tradomaniacs,
we had a very rough time and there are still a lot of political concerning circumstances against my assumption.
It looks like the market trys to grab every chance it can get to buy DAX for such a low price.
The german market was able to prove its sentiment within the last week since the US-market was in "Holiday" and
gave us no impulses to follow during the Wallstreet-Session. The market was just uncertain and didn`t move at all.
What does that mean?
It seems like the german / european market has no own opinion about the current situation.
Are we waiting for actions of Trump and the white house?
Are we waiting for sales numbers after the black friday?
Are we waiting for the Brexit?
There are 5 important upcomig events next week:
1. Trump-Xi Meeting
2. Brexit Developments
3. FED: Powell Speaks
4. U.S. 3Q GDP - Second Estimate5
5. Euro Zone Flash Inflation
Technical situation:
As you can see, we are currently in a situation which looks like a decent correction after the impuls-phase
that started in Feb.2016 and ended in the beginning of this year.
Since we were violating 12.000, the market is still very bearish and could continue the joruney.
Technically it`s pretty likely to see a retracement in order to create the WAVE B of wave (Y)
to retest the golden and psychologically very important mark of 12.000.
The market could prove it`s creed and should give us a clear direction forcing more market-players to react.
We still see a double-bottom @ 11.000 with a neckline @ 11.687! If we trigger that pattern we could
head to the big battlefield at 12.000 and find the path the DAX really wants to go.
Remember: The seasonality is great! The years-end-rally could give us nice chances to buy the market.
And as often, the END-BOSS will activate the "Rage-mode" before he capitulates! ;-D
But yeah, everything CAN HAPPEN.
Have a nice start into the new week!
Peace and good trades
Irasor
Wanna see more? Don`t forgetto follow me.
Any questions? PM me. :-)
BITCOIN: weekly OVERVIEW - Next station at 4.663? *19.11.18*Hey tradomaniacs,
welcome to a weekly overview of Bit-Coin!
I know, everyone is nervous but also scared to miss the chance before we go up to the moon.
But it seems like we could still see some bullish momentums down to 4.663 - 4.000 before
we might continue the primary uptrend in Januar 2019!
Why do I think so?
Because big financial institutions won`t stack big positions at this price.
As always, the market will dump the retail-cryptoheads and cause panic sell-offs before they buy-in
in order to get a BTC as cheap as possible.
If you think BTC could be aa very nice alternative for the falling stock-market, you should
rather wait since the signs for a years-end-rally at the Wallstreet are positiv.
However, we will see what is going to happen.
The market is currently still bearish! Don`t buy just because you "guess" and FOMO.
Chill and wait for clear signals upwards. :-)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Any questions? PM me. :-)
EUR USD outlook for next week.After the non-stop fall of EurUsd and how it finished up today. I see we could still land further down, however, I will be waiting to see how the markets open Sunday night and give further detail about what I will be doing with this pair.
Feel free to like and comment with your personal ideas on this pair.
MONTHLY ANALYSIS ON DXY(US DOLLAR INDEX)I believe that the Dollar Index is still bullish on the monthly perspective at the present moment @15/09/2018(UK DATE) but it is losing steam and will look to reverse around the 98 -100 region. This will give traders an opportunity to go long for the time being i'm expecting in the upcoming months. As we reach the levels of resistance i will expect a reversal and price should look to fill more of the market inefficiency to the downside( along the way turning support into resistance).
I will be updating it as price goes along in the upcoming months...
August outlook. GBPUSD has been falling for a long time and is close to strong support levels. Possible correction in the near future. The chart shows that volumes are falling along with low volatility. A strong divergence was formed. Therefore, in the near future it is necessary to monitor the levels and it is likely that the pair will bounce up with a correction to the levels 1.35 and 1.38. Follow the news. By the way, the DXY index is also trading at historical highs, a downward correction is possible. This will give an incentive to buy the GBPUSD pair.
Good day everyone!)
Remember - the most profitable deal is ahead of you!)
August outlook.The EURUSD pair is trading near strong mirror support levels, from which the pair has repeatedly fought both down and up. There may be fluctuations around these levels with subsequent correction to levels 1.1850, 1.1940 and 1.2070. However, it is necessary to follow the news. If you pay attention to the index DXY, its value is at historical highs, and it is possible to roll back from these levels down. This can serve as a good signal to buy EURUSD pair.
Good day everyone!)
Remember - the most profitable deal is ahead of you!)
FVX 5 Year Treasury Yield: Longer Term Outlook for RatesFVX Longer Term Outlook for Rates
Since Yellen retired in February FVX has risen to test the the junction of the upper parallel at the same point in time as it hit the fixed resistance line at 29.83. Since then it's been consolidating inside a slowly forming pennant formation with a spike down to the 25.46 line almost exactly before it pushed higher again.
Though it's likely to spend some more time messing inside the pennant, eventually the upper parallel is going to give way leading a spurt higher to 37.22 and then after consolidating some more should beat 37.22 and push higher to 52.39.
That's the most likely stopping point for interest rates from that point - until wage inflation pops even higher, forcing the Fed to follow long again on rates, whether the President approves or not.