Appears we are running out of risk appetite. Put also looks like we have built a very nice base for a significant move higher. Hopefully, that's a risk on move, not a risk-off move. Personally, I believe we have already corrected in each individual sector, it just didn't happen all at once like it normally does. According to this, risk aversion and sentiment...
Is it just me or is the USDJPY starting to forming a bearish top at the daily chart? Is the market risk aversion favouring the JPY now against the USD after weak US Consumer Reports?
This is interesting. The rapid USD Strength due to risk aversion as US Consumer data weaken sharply had moved the GBPUSD 122 pips in 15 hours - real sharp move. Now the GBPUSD is rebounding 26 pips and counting to its .236 level and counting.
Gold prices extended gains on Wednesday as risk aversion hit markets amid fears the U.S. banking crisis spreading into the Old Continent, with Credit Suisse shares plummeting. Against this backdrop, global government yields have fallen sharply, favoring gold's advance. At the time of writing, the spot price, XAU/USD, is trading at the $1,935 area, up 1.7% on the...
Inflation expectations (T10YIE, red line) have been on the rise since Q1 2020. Nominal yields (US10Y, turquoise line) bottomed as gold (XAUUSD, yellow line) topped in Aug 2020 after the Fed marked the end of stimulus expansion, shifting speculation to timing the eventual tightening. However, stocks (ESH2022, S&P 500 future, purple line) did not turn lower until...
Hello Traders! This technical setup is backed by potential more dollar strength as FED turned hawkish, inflation is not seem transitory and rates should be raised. This means a risk-off or others call it risk aversion environment which means safer currencies are more appreciated than the higher yielding commodity based ones. Have a great day! Vitez
Hello Traders! If we break the labelled trend line that would give nought momentum for the price to move to the take profit levels. If risk aversion grows then it would favour JPY buyers in the near term. Have a great day! Best wishes, Vitez
Worldwide investors eager to finance the US programs are making a comeback? I think it's mostly short term. The USD rally won't go far imo. Patterns used to work, but now they don't. Why? I might have the explanation: It's as if casuals heard about GME early on. Melvin capital liquidation price was at say $125. Casuals buy at 40 then get excited and sell at...
Price barely dips and I'm seing a truckload of short ideas, and bears calling for zero. "This is it coinbase is exit scamming". They will never learn. It's always the same story. I always hear the same things over and over, endlessly. Not trying to brag, this is why I knew for a fact this 2019 pump was most definitely NOT the "return of the bull...
Here it is, up cluse and personal. This is the Put/Call Ratio 14 day RSI. - A highly reliable indicator of 93.8% accuracy. Dump ALL risk assets - including the highly correlated Precious Metals!! - here! The raw PCCE Here is the VIX ... and the FAANGs ... and the AUDUSD ... and the USD (DXY) ... and Gold Just how many more clues does one really...
Where we are, and "if-thens" Since the last week, the sentiment hasn't changed too dramatically, looking at the technical picture of DXY, I still see it as a range in a medium-term. Although, DXY crept down, closer to the "orange" line of defence (see the orange long-term trendline). Along with the stabilizing S&P500 index (The stock index has had the classic...
The glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and...
TVC:NDX All three confirmations for price to correct below neckline of "incined" Head and Shoulders -- Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer RSI nearing overbought 65 to 70 -- also on Right Shoulder The riots and unprecedented uncertainty concerning many national elections from NZ to USA...
Risk off thru most of October, as long as we don't get back above the multi-month trendline, we should break down thru Ichimoku Cloud and hit oversold RSI of 30 over next 5 trading days. SL -- 0.6635 TP1 -- 0.6420 TP2 -- 0.6250
More bad news expected in the Eurozone in May. This is a perfect trade to express risk aversion, as JPY was the winner in 2008 safe haven bid. You would like to learn how to trade? Work with me, find me at Fiverr/vitezabraham I have Mentorship, Charting and Signal service.
Bear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how ...
There is some issue regarding the dollar at this point. The devaluation could be in the process so far there are a lot of things behind but let's make it easier. If price breaks from this rising trendline lower It could lead price further lower indicating bearish domination. Expect S1 or S2 of weekly pivot if this breakout happens lower with strong momentum.
Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which...