I Still have the DXY in the expanded Flat with a top in at $107 which happens to be the fib retracement 50% level of the 5 down wave A. I expect the momentum indicators to begin to slowly roll over. RSI, Stochastic RSI , OBV , MACD should all confirm the last leg of the down trend wave C which I expect to finish around $94. At $94 the DXY should complete a...
The DXY has been on a rip in 2022 with the US Dollar rising significantly against major currencies. This channel has been pretty consistent and the latest price point is at the peak of it. A strong DXY tends to correlate with weak stocks and risk on assets. Vice versa, a correction here would provide some relief for the markets and currency pairs such as the EUR...
$AUDJPY - Pay Attention! Risk off coming? Weekend analysis work are always the best! Key tip: Ignore the noise from your surroundings and focus on the charts! H&S Pattern /Wedge - A break towards downside . Key target areas are marked. Trade Journal
USD has broke above the key 108-109 multi year resistance with a strong bullish impulse, price is now correcting to retest the zone as support, if it holds as support and continues to rally on NFP data RISK assets will get hit hard. The other scenario is if the support fails and price breaks back below this will confirm the breakout is a fake move and DXY will...
we probably have a small push here off the bullish hammer reversal then a dip to 1.08% which will cause another drop to stock markets but this level should prove as strong support & then the 10 yr will move higher IMO
Happy Weekend! However, the grind never stops. This is a good R/R trade, depends on how you trade the idea and your plan but it is best you stick to your trade plan. Technical view: AUDJPY - Daily Support: 82.955, 82.405, 82.110, 81.200 Resistance: 84.180, 84.444, 84.865, 85.415 Pattern: Wedge - Double top How to trade this idea: For further confirmation...
Although we have reversed from a key level in the market, on higher time frames we are still in a clear uptrend. We will be scaling down to lower time frames with this one to look for nice long setups! Targets will be around the 0.663 level
Good morning Traders! Some get excited for the weekend but I get most excited for the Monday mornings! On the weekends I do get up early on Saturday - Morning routine and I did my analysis. I got something special for you this weekend - There will be a video coming out this weekend going through major pairs for the week ahead - We are in for a treat all of us!...
EURUSD - Counter-trend trade opportunity! Hello, It really feels good to be back in-front of my desk! I unfortunately had a very dismal start of the year but I am back and ready to smash this year and to post trade ideas on a more regular basis! If you have any trades you'd like me to go over - Message down below or private message. It's free! Now, Last week -...
Hello Traders and analysts, We are currently in sells - Here is our take on EUR USD - weekly chart We added the DXY for reference in Blue The eyes - are sell targets The eyes - are potential buy zones. it depends on your outlook. The US - will be pivotal for investors during the election process. EU - concerned about over valued currency in 2020 as they look...
⭐️Key Takeaways⭐️ ✔️ AUDUSD is that risk-on sentiment currency - should monitor SPX for correlations. ✔️ Gold continues to maintain it's bull run but struggled to break above $2000. A correction is gold could signal strength with the buck. ✔️ Small timeframe rounding top action but could transition into a gartley pattern ⭐️Technical Analysis⭐️ As long as the US...
Hello traders & analysts, Here is out latest update for Silver . We are bullish and would like to share our out look for the next opportunities which can take place. Now we have hit 21.00 - expect some resistance to occur - why? This is due to the barrier to be broken through. We will now anticipate the next target of 26.00 at 20.5 we closed 200 units to cash in...
Hello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. COT report: Long Short Total %Long...
Hello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? COT report: Long Short Total %Long...
SP500 / GOLD looks bullish with a potential trendline break . This is a more aggressive trigger, a conservative trigger would be a close above the 20 EMA . The chart going up would show the markets preference towards stocks against the old time safe haven. Classic risk on/risk off analysis. Let me know what you think! Also, follow me on twitter @WhosTrend
I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards. Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets. The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of...
Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000 1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange). 2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT...
AUDUSD is breaking out of ascending wedge, which might indicate a correction move downside and a risk-on scenario. Aussie is currently trading around 17% higher since march lows and pretty much correlated with bullish sentiment in equity market. The first support level can be found around 0.6250-06270 price, which is between 0.23-0.382 Fibonacci retracement...