German Stock Index (The swing back to the resistant)
View On German Index DAX (23 Aug 2023)
DAX is in
* Bullish in short term (Intraweek)
* Bearish in Mid term (1 to 3 months)
* Neutral Long term (3 months onward)
DAX is the wild big swing recently from 15,500 to 16,500 recently.
Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months.
We are currently experiencing a small bounce and it shall continue toward 16,000 region.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Sonicrmastery
Weekly Momentum On Major Pairs (Week 34/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bearish
Gold & Silver: Bearish
XXX/JPY: Mixed
Stock Indexes: Bearish
BitCoin: Very Bearish
WK 34 (19 Aug 2023)
AUDUSD (The Swingback is in the making)
View On AUDUSD (17 Aug 2023)
AUDUSD is in
* Downtrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Downtrend in Long term (Last 3 months)
AUDUSD is in the strong down trend lately but I feel that the sell down was way overdone.
So, I am expecting some sort of rebound at least toward the nearest resistant.
0.6455 shall on sight and we still need to be careful as the overall trend is down.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 33/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Very Bearish
XXX/JPY: Bullish
Stock Indexes: Mixed
BitCoin: Neutral
WK 33 (13 Aug 2023)
Weekly Momentum On Major Pairs (Week 32/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bearish
Gold & Silver: Very Bearish
XXX/JPY: Slightly Bearish
Stock Indexes: Very Bearish
BitCoin: Slightly Bearish
WK 32 (5 Aug 2023)
USDJPY (JPY is losing its value fast)
View On USDJPY (1 Aug 2023)
UJ is in
* Uptrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Uptrend in Long term (Last 3 months)
We are seeing strong move in UJ recently, I am expecting 144 should be in sight.
I am expecting further Bullishness.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
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Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 31/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Slightly Bearish
XXX/JPY: Slightly Bearish
Stock Indexes: Very Bullish
BitCoin: Slightly Bearish
WK 31 (30 July 2023)
Weekly Momentum On Major Pairs (Week 30/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Mixed
XXX/JPY: Slightly Bullish
Stock Indexes: Mixed
BitCoin: Slightly Bearish
WK 30 (23 July 2023)
Weekly Momentum On Major Pairs (Week 29/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Very Bullish
XXX/JPY: Slightly Bearish
Stock Indexes: Bullish
BitCoin: Neutral
WK 28 (9 July 2023)
German Index DAX (The Bull is still in control)
View On German Index DAX (14 July 2023)
DAX is in
* Bullish in short term (Intraweek)
* Neutral in Mid term (1 to 3 months)
* Neutral Long term (3 months onward)
We had a great swing back in the DAX in the recent days.
It shows that the market is not ready go lower anytime soon.
We may see a temp pull back right now but I do not think it will last.
15,900 will be a good support region.
Sooner or later, I expect it to go UP higher to retest the high of 16,300 region again.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Crypto BitCoin BTC (Wild Swings ahead?)
View On BitCoin BTCUSD (13 July 2023)
BTCUSD is in
* Neutral in short term (Intraweek)
* Bullish in Mid term (1 to 3 months)
* Bullish in Long term (3 months onward)
BTC is going sideway for now as there is not fresh fund to push it up.
It may swing around for now with 26,000~27,000 will be a good support region.
It shall go UP still but we can expect some wild swings too.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Gold XAUUSD (Melting up?)
View On Gold XAUUSD (12 Jul 2023)
GOLD is in
* UPtrend in short term (Intraweek)
* Neutral in Mid term (Intramonth)
* Neutral in Long term (Last 3 months)
Gold is in the pull back mode (again)
Going forward, I expect it is goingto be a bumpy ride toward 1950~2000 region.
I am slightly bullish cautiously.
At the same time, I see 1900 as a strong support region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 28/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Slightly Bullish
XXX/JPY: Neutral/Slightly Bearish
Stock Indexes: Mixed
BitCoin: Neutral
Weekly Momentum On Major Pairs (Week 27/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Mixed
Gold & Silver: Mixed
XXX/JPY: Mixed
Stock Indexes: Slightly Bullish
BitCoin: Neutral
WK 27 (2 July 2023)
Weekly Momentum On Major Pairs (Week 26/2023)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slightly Bearish
Gold & Silver: Very Bearish
XXX/JPY: Mixed
Stock Indexes: Slightly Bearish
BitCoin: Very Bullish
WK 26 (24 June 2023)
Natural Gas (Hitting some resistants)
View On NatGas (19 June 2023)
Natgas is in
* Uptrend in short term (Intraweek)
* Neutral in Mid term (Intramonth)
* Neutral in Long term (Last 3 months)
Natgas is trying to hard to breach 2.6~2.8 again.
This is the third attempts in the span of 4 months.
Sooner or later, it shall break up higher.
#3 shall be next. Take it slow
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 25/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Neutral
XXX/JPY: Very Bullish
Stock Indexes: Very Bullish
BitCoin: Neutral
WK 25 (18 June 2023)
Crypto CRV/USD (Possible bounce?)
View On CRVUSDT (16 June 2023)
CRVUSD is in
* Bearish in short term (Intraweek)
* Bullish in Mid term (1 to 3 months)
* Bullish in Long term (3 months onward)
CRV has been under the bearish control for a while and it touched near a strong support 0.5~0.55 region.
The volume traded is rather hugh too.
Now we may see some rebound.
It shall easily swing back UP to 0.65 and 0.70 possibly.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
USD/ZAR (The overdue pullback is here)
View On USDZAR (6 June 2023)
USDZAR is in
* Down in short term (Intraweek)
* UPtrend in Mid term (Intramonth)
* UPtrend in Long term (Last 3 months)
USDZAR is in the strong up trend in recent months/year and it shall be about to change for now.
I am expecting some pull back in USDZAR and it might be better to stay in the Short side for a while.
18.2~18.5 will be a nice support region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Crypto XRP/USD (Bears claw)
View On XRP(14 May 2023)
XRPUSD is in
* Bearish in short term (Intraweek)
* Neutral in Mid term (1 to 3 months)
* Neutral in Long term (3 months onward)
We are seeing a strong possible Bearish Pin bar yesterday.
Currently 0.50 is acting as strong support but it shall ger broken down soon.
0.47 shall be a next possible "easy" target.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 24/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Very Bullish
XXX/JPY: Very Bullish
Stock Indexes: Bullish
BitCoin: Very Bearish
WK 24 (6 June 2023)
Weekly Momentum On Major Pairs (Week 23/2023)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Mixed
Gold & Silver: Slightly Bullish
XXX/JPY: Very Bullish
Stock Indexes: Bullish
BitCoin: Slightly Bearish
WK 23 (3 June 2023)
Crude Oil WTI (Going lower first?)
View On WTI (31 May 2023)
WTI is in
* Downtrend in short term (Intraweek)
* Neutral in Mid term (Intramonth)
* Neutral in Long term (Last 3 months)
WTI is going now where and I guess it is likley to retest the swing low of $66
We are not in the hurry to go long at all.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.