If correct, we should expect a slight bullish correction. However, Fed Rate Interest decision will define if we'll have a bearish or bullish trend over the next months. I'm adopting the Elliot Wave Theory for these initial series of ideas, mixing eventually with future Fibonacci retracements that will indicate the entry point of each trade.
We have two fake breakouts at NZDUSD, and a consolidation after. Two ways to enter the position: 1) After leaving the consolidation 2) Or now 0.7195 to maximize your R:R
The focus for this week will definitely be on the New Zealand Dollar (NZD), a.k.a the Kiwi. The New Zealand’s central bank – the Reverse Bank of New Zealand (RBNZ) will be releasing their latest Official Cash Rate and the Rate Statement this Thursday. Since the interest rate is expected to remain unchanged at 1.75%, the key will be the tone of the Rate...
So generally the MPC vote is expected to be Neutral and if we look through a bit, if it does comes out 7 Hold to 2 Hike as expected, GBP should be weaken. Now my intention is to look for clue if the market has already priced this in: on average, up to this point GBP is down with the most down being GBPAUD. Let's say the trend continues to in the next hour, my...
A potential trade idea however due to FED rate hike potential we will sit this one out likely as volatility may be just to great and the risk is higher on this one, however this is a good one to watch and keep an eye on for June 14th 2017 US Session. Falling wedge Inverse H&S pattern (forming) Higher low (forming) Bullish MACD divergence
we have many technical analysis in this chart we have :- 1- head and shoulders pattern . 2- ABCD pattern . 3- support . 4- flag . and all of this technical give us expectation the USD will go up . tomorrow we have many news and pig news like :- 1- CPI m/m 2- Core CPI m/m 3- Core Retail Sales m/m 4- Retail Sales m/m 5- FOMC Economic Projections 6- Federal...
AUDUSD testing descending trend line also EMA is crossing. Rate decision,Trade Balance,GDP report will show clear direction of aussie keep an eye @ this level
FLOT Ishares Floating Rate Bond Etf 0.16% 0.32% 50.89 50.38 0.00% 50.84 Buy Strong Buy 50.85 768.111K DRIP Direxion Daily S&p Oil Services Bear 3x Shares 43.89% -9.72% 54.75 10.28 -0.99% 17.92 Buy Strong Buy 19.08 779.961K CHKP Check Point Software Tech Ltd 6.54% 32.90% 104.64 74.34 0.30% 103.05 Buy Strong Buy 103.41 1.036M EL Lauder Estee Cos...
At the moment, in the big picture we are forming an ABC zigzag correction pattern which will take us into the 1.07408 area in which price will continue upwards. For now we can short down to this level by taking flag breakouts in favor of the downside. We have just closed below an ascending triangle on the lower timeframes and this has lead me to go short taking...
24-25$ is a potential Sell Zone that includes: 1) Weekly Structure 2) Bearish Crab 3) The 78.6 Fib level (reversal level) A close below 23$ can provide the confirmation signal - In such case, XLF target will be 21$
FX:USDJPY broke the 50DMA once again and looking bearish in my opinion. The breakdown and downtrend is also supported by the moving averages on the hourly timeframes. Don't have any big positions as I expected it to retest the 114 breakdown level but it didn't happen 4H Timeframe View: FX:USDJPY tried to break the 200MA but it failed and continued its...
OANDA:XAUUSD has broken out of the downtrend after the 1260 rejection and with hourly timeframe moving averages confirming the trend change. Bulls are still in the game and it looks like it will have another try against the Wall of Trump resistance. No big positions as of yet as I expected a pullback that didn't materialize and it consolidated for 2 days...
The dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain...
Euro-Bund starts to have more corrective moves. The last week Euro-Bund correction add some strength to Euro against most of currencies. If the price of Euro-Bund continue to fall, we may see more strength in the Euro. Euro-Bund is challenging a major support levels. A bigger drop or a massive correction of Euro-Bund, may even put pressure on ECB to revise the ...
FX_IDC:XAUUSD now has a bullish daily hammer courtesy of Janet Yellen after being rejected from 1260 level. If the bullish momentum continues then FX_IDC:XAUUSD might have the weapon it needs to break that wall and the cluster of moving averages but it needs to get back to the fight. Entry: 1229.02 SL: 1227(Moved to 1229.5) TP: (tp1) 1246 (tp2) 1251 (tp3)...