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USDJPY BEAR SWING RESUMEEOur USDJPY bear swing paused about 300 pips ago and created a temporary bottom from which we took short term buys from After a nice run of 200+ PIPS we are EXIT the shorts. Now USDJPY should resume its bear swing on the route to new lows. From a technical aspect this retracement has come up to retest the overall trend at the 38 Fib level. Normally I would be expecting a further correction, up to the 50 area but under these economic conditions I expect USDJPY to resume its bear trend at a much more aggresive rate than most trends. Right now the "Carry Trade" is about to work against the dollar, as outflows continue to pull USDJPY down. Make no mistake there is a LOOONG way for this pair to fall still. We are emtering longs with stop losses above the recent "Lower high" If for some reason the bullish momentum were to resume, I would still be looking to SELL USDJPY around the 50 fib or 134 area. Theres not much to update on the fundamentals. The US economy is still heading towards recession faster than the FED RESERVE can control. Yen has a long way to go before it becomes "overvalued" in this environment currently. USDJPY sells will always be the safer option for the near term.
Short
by NakedTrading4U
1
GBPUSD: What to Look at This Week 🇬🇧🇺🇸 GBPUSD broke and closed above a solid horizontal resistance cluster on a daily time frame last week. The pair is correcting now. The market is steadily falling within a bullish flag pattern on 4H. To catch the next bullish move, I would recommend waiting for a bullish breakout of the resistance of the flag. 4H candle close above will confirm the violation. A bullish continuation will be expected at least to 1.25 then. If the price breaks a support of the flag, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
11
Key Levels and US Market Review for the Asian session open 3/04Major Indexes ended the month and Quarter on a positive note and held the recent trend up although the price action is extended and hints at some profit taking to come. We are now into a new quarter so could see some longs unwind into the new week; add to that the spike in Oil (cough, cough...manipulation from OPEC); and markets will see some increased volatility. With US Key employment data at the end of the shortened week, I feel new bulls will remain on the sidelines into Easter. Asian markets are expected to open stronger but may find some weakness as they digest the macro economic costs of higher Oil prices. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. With the OPEC Production cuts and resultant spike in Oil, bulls will have something to think about regarding inflation. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZT1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 30/03European markets rallied from the open which led to a strong open to the USD and a very bullish session. All indexes were up as stock traders went bargain hunting as they brush aside banking woes. For me inflation still needs to cool a lot further before bulls can take control and US consumers are not in a good way which may eventually weigh on markets again. Bond yields are also hinting at inflation concerns as they go higher while the USD is showing signs of basing for a leg up. The US was generally supported by a handful of big Tech stocks and banking shares. Asian markets are expected to open higher with the ASX set to open up 45pts. It will be interesting to see if the HSI has another squeeze lower or fires up the rockets again for a big move up. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Simson Cartoon Prediction About BitcoinBINANCE:BTCUSDT Hi , Trader's .. Most you Aware about simson's Cartoon Prediction About Cryptocoin's Simson series already predicted About world War's , Pandemic like Covid , World economy USA presidential election and much more , most of prediction's came true simson also predict about future of cryptocurrency many year's back in there prediction they told world about digital currency , blockchain system and much more they predicted that in 2025 bitcoin will reach 100k$ if we study the bitcoin Trading cycle , bitcoin is on major resistance line of monthly resistance After breakout from this level bitcoin can again become bullish and it will have big area to play with After every two year's of downfall bitcoin price surge minimum 4x So according to this theory Price of btc now at 27000$ , so 4x would be approx 100k$ Conclusion : Prediction's are based on speculation's , nothing is 100% true , For better understandng alway's do technical and fundamental analysis both , Do trade with proper risk management ❤️ Please, support my work with follow ,share and like, thank you! ❤️
by INVESTRONE
2
Key Levels and US Market Review for the Asian session open 24/03European markets fought back up off lows after and earlier selloff while the US managed to end with minor gains led by Tech shares. Again, banking concerns weighed on the markets which capped bullishness for the session as the USD continued to move lower leading to a rally in Gold and Copper. For me, major US and European Indexes are looking very heavy and teetering on a selloff. Whether the selloff sees new major lows or a retest of previous lows, is still yet to be seen. Asian markets will open weaker with the ASX200 expected down 40 points, HSI to open down 180 and the Nikkei down 40/50 points on open. I remain of the view that sticky inflation is the big issue but it is now a balancing act for the Fed with the concerns for the Regional US Banks leading many to expect an interest rate pause. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
2
EURCAD: Top-Down Analysis & Trading Plan 🇪🇺🇨🇦 EURCAD is approaching a peculiar horizontal demand zone. The price formed a doji candle, testing that on a daily. Analyzing a 4H, I spotted a double bottom with a higher low. 1.458 - 1.462 is its neckline. If the price breaks and closes above that on 4H, I will expect a bullish movement. Goals will be 1.469 / 1.473. If the price sets a new low though, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
This is it people !!!. EURCAD +4OO pips sell offAs you all know, this analysis has been done time and time without number right here on this channel and every single time, price keeps delivering massive profits on EURCAD and today is any different !. Our Head and Shoulders pattern got invalidated but that doesn't mean our sell Bias is invalid. New Signal Alert 🚨 EC PAIR: EURCAD (EURO/CANADIAN DOLLAR) SIDE: SELL (SELL LIMIT) ENTRY: 1.4685 QP (Quick Profit): 1.46OO (85 pips) TP 1: 1.4385 (3OO pips) TP 2: Open STOP LOSS: 1.4735 (50 pips)/1.4785 (100 pips) Standard 3:1 RRR The larger stop is to secure your trade in the case of hunting and liq sweep. Apply proper risk and money management & do not over leverage your account. Romans 8:25 📜📜 1O.03.23
Short
by LaBOSS_FX
3