Fundamentals & Sentiment WTI: In general, there are global drivers for oil demand, amongst them is supply curbs from OPEC. More recently geopolitical risks in Middle east create bias for oil upside. USD: The dollar has been overbought according to CFTC reports. The risk of BoJ intervention is still there, so it's better not buy dollars anyhow as long as USDJPY...
AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5 days. From here I expect a move toward the upper first and second VWAP lines and so will take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP +2) The stop loss will be under the mean VWAP at 0.6515.
There are many different variations of patterns showing. And they are all leading to downside. We have small Rounding Tops, small Inverse Cup and Handles. We have a break in the most recent uptrend line.. But I am focusing more on the bigger picture. There is a solid Reverse Inv Cup and Handle forming since 10 August 2023. The price has almost completed...
The USD is showing some terrible weakness today after going up strongly yesterday. It could be due to the better than expected down on oil inventory which stimulated demand for USD and lessen fears of recession forcing down a Fed rate hike. So the USD strengthen yesterday on 26 Apr 2023. Now on 27 Apr 2023, the USD Strength seems to have reversed. The long EURUSD...
The monthly chart of the Heikin Ashi shows clear USD weakness. It is the same for the daily and weekly HA Chart.
The dollar is in a secular downtrend and after a brief bounce back which we played on the long side, the DXY is looking toppy and should continue to rollover in the intermediate term. Besides stocks, a beneficiary of a weaker dollar are the precious metals. I like long SLV as a high beta trade and expect SLV to continue to bounce higher in the coming weeks.
Should I Short USD? Yes or No? If yes, then how? If no, then why? The question is simple, but the answer may be complicated. Therefore, we will dive into the macroeconomics of the American economy, with consideration given the most significant factors influencing the value of USD. > OBSERVATIONS 1) Since March 2020, USD appears to have lost approximately...
SELL USDCAD at 1.3703 Target 1.3511 stops above 1.3745 Use proper money management
BUY NZDUSD at 0.5608 tp at 0.57823 stops at 0.5566 Use proper money management. Price is at a monthly support. Hedge funds are shorting the dxy (Private info)
This is Elon's coin. He's peppered easter egg type of clues all over the place if you follow up. In one place, he's saying he'll name a moon rocket after the coin. It's not for the money. It's for the cause and fun! The aim of SHIB is a stable state, after coin burn to reduce the "remarkable but unsustainable" market cap, this is a SHORT FIAT! robinhood stock...
Downtrend long-term.✔️ Golden Fib-zone.✔️ R:R better than 1:2.✔️ Lower highs , lower lows ✔️
DXY confirmed bearish on a break of 91.980. Using structure to determine 90.581 as my current farthest short target, with multiple levels/zones to pass through first; shorts started around 92.186. Price retests and ranges within 92.186 - 92.333 are stuck in a zone that I personally will not attempt to trade within. The bullish trend was held above 91.800 at first,...
Hello Traders, I don’t believe we are done with this pull back, at least not for the short term. If ZRX breaks down below the $1.45, I will enter a short term Short position. Good Luck!
Price has been ranging, when it breaks it will move quick...
Gold Bullion vs BTCUSD (TVC CFDs on Gold vs BTCUSD Bitstamp * 438.856) 438.856 oz-us = 400 troy oz = 1 'Good Delivery' gold bar (a.k.a gold Bullion) 3 Day line chart (Closing Prices, Semi-log)
Price broke out of ascending trend line and has a high probability to retest the broken zone before falling more down. Definitely a pair to put on your watchlist next week, I expect a strong CHF next week.
Lower lows Rejection of resistance area Weekly resistance rejected Gap at 1.344
As a follow up on my weekly chart, this is an inverse head and shoulders pattern on the shorter-term chart. This is another indicator of a breakout to the upside.