Hey traders I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait...
AUDUSD is possible to test 0.7050 and 0.7075 this week. Conditioned by risk-on sentiment with weaker USD, stronger Gold.
BTC keeps returning to the pivot line at 19500 which also acts as a support. It is also barely holding the base of the triangle as support. Bollinger Band is squeezing for a big move soon. As for now, the Head & Shoulder pattern neckline is still not yet broken, suggesting much lower prices if the neckline breaks. We just have to wait which way it breaks. If...
Waiting to see the next phase of the BTC/USD on the 1hr chart. I am look for an efficient market to sell the top of that range.
We are JPY long overtime the plan is to sell highs and build a position into the determined move
ARKK making a strong name for itself after the Jackson Hole meeting. Are we nearing the breakout point or will we continue to see more waiting and what will ultimately happen with the ARKK index at this juncture? We will see! Good luck traders :)
Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS...
I am positioning to buy CADJPY because of > Potential bullishness in Oil price which is a plus for CAD > Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY. I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and...
With improvement of risk there might be fund flow out from Gold to other risk assets. This might pull back the advancement in the price of gold in the medium term. I see huge opportunity to sell gold at the current level with taking profit at 1700, 1690 and 1680.
With improvement in risk environment, we expect the DXY to weaken which will imply the Dollar might experience a sell-off against majors (EUR, GBP, AUD, NZD and emerging markets (MXN and ZAR)
In today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans...
Looking at recent structure, we can see the price are creating a new LH which align with previous based as well as 50% fibs level. therefor give us a chance to go short. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade...
Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold. On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets. We discussed the longer-term setup of the head & shoulders pattern...
Those who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks. Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to...
Weekly Insidebar pushing higher towards 22500 level. Risk on continues, JGB yields bottomed. Path higher is clear