US
💵 The U.S. dollar Remains at the Mercy of SPX Speculation 💵Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy. This being said, all of us in the FX market-- rather we like it or not-- are at the mercy of the SPX . The SPX is the most highly speculative instrument in the world. Speaking as someone who was complaining about the 12 year low ATR's the Euro was compressed to this time last year (July of 2018), I welcome the ability to trade speculation, at least there's some volatility we can get a bite at. Can we can make more informed trading decisions for the U.K. and U.S. sessions as forex traders by paying attention to the equity market; or is it the other way around?
Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden , I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?
DXY Apex for Market Opening 6/28Coming into the Asian session, I will be focused on 97.74 to break, which i highly suspect won't. Mostly likely this will range and reject 97.5 (key-level) at least until the first bit of price-actioon comes into the market for the U.S. dollar. Once this 4-hr descending trend-line is broken, I expect 98 to be met soon, with 100 & 103.5 as upside targets (weekly timeframe)
Timeline since November 2017 when Trump gets electedThis is not meant to offend anyone, this is just my satirical view of what has happened since Trump took office.
November 2017- Oh crap Trumps going to win, the economy will tank!!! SELL EVERYTHING!
January 2017- Trump takes office, SP500 around 1800. CHUMP CHANGE FAKE NEWS. MAGA
February 2017- Tax breaks begin, let's do this!!! To the MOOOONNNN!!!!!
December 2018- Federal Reserve gets greedy, they want in on the action. Wall Street says no, not today Junior.
January 2019- Market rebound begins again- MAGA!
November 2019- What is COVID 19? CHINNNNAAAA- FAKE NEWS!
February 2020- THATS COVID 19????? UH-OH BRACE FOR IMPACT
March 2020- This doesn't affect us that much- FAKE NEWS!!!
May 2020- COVID doesn't exist, its all hyped up by the Media.
June 2020- Maybe we should have stayed home? Nah... THAT'S WHAT THEY WANT US TO THINK- Mind control
Summer 2020- Let's have a cookout and pretend everything is normal.
September 2020- Schools open, business returns to work. That was a fun vacation.
November 2020- Everyone is sick, no one can vote. Trump continues on as president.
January 2021- Toilet paper worth more than USD. People use US dollars as toilet paper.
July 2022- BTC, ETH, and XTZ are now viewed the same was as JPM, Morgan Stanley, and Goldman Sachs.
EURUSD: Still Bearish for Next Week
hey guys,
though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold.
on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle.
taking into consideration that the pair is locally bearish since 10th of June,
chances are high that at least the current local low will be reached next week.
goal for sellers is 1.118
if only bulls break above the yellow resistance we can talk about a shift in our bias.
EURUSD: Still Bearish for Next Week
hey guys,
though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold.
on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle.
taking into consideration that the pair is locally bearish since 10th of June,
chances are high that at least the current local low will be reached next week.
goal for sellers is 1.118
if only bulls break above the yellow resistance we can talk about a shift in our bias.
have a great weekend!
LUV - SouthwestFollowing the channel down smoothly and having the sudden spike in price is being followed by a move back down. From the high of the short bear rally price has already retraced 50% of its gains. Making its way towards the .382 value to make the next test on that range. Looking to see for a potential low area underneath for target range
Possible Double top at USOIL ? I think US OIL is making a double top and we will see the price goes down to 34.24 $ as a first target, then it will break the support line to bear down to 30.99 $
US Presidents Stock MarketComparing 2 Republican and 2 Democratic presidents.
How will Donald Trump's term end?
USDCHF: Major Trend Line & Trading Plan
USDCHF has reached a major falling trend line.
on 1H the price started to slow down and currently it is forming a double top formation.
0.948 is a minor structure support.
wait for its bearish breakout (1H candle close below) to short the pair.
T1 - 0.9467
T2 - 0.9455
safe stop above the tops
in case of a formation of a new higher high within the channel on 1H,
setup will be invalid.
USOIL 🎯 The Insider's Guide to OilBias:
🔞Just a brief overview of Oil with two potential outcomes, the bullish being much more optimistic so be cautious bulls.
note* This is a new "quick and dirty" formating style that contains only the bare minimum context needed to give us the ability to push out some quick outlooks that don't require as much in-depth research and evaluation such as what you see on a regular basis from us. Let us know what you think in the comments about this approach if you have any feedback :)
Hit that 👍 button to show support for the content!
Help the community grow by giving us a follow 🐣
-----
Support:
S1: This is a not as obvious as S2 but still quite clear when highlighted as to be a price pivot point. It currently contains an S/R flip that has yet to be invalidated.
S2: Very recognizable price pivot point and likely to come into play if we do retest the bottom range of Oils current up-trending price action. Though I would caution anyone trying to catch a falling knife here and much rather say this is a level of interest to keep your eye on for how price reacts here.
Resistance:
R1: Bearish S/R flip that is likely to see a reaction from the price on the way back up to retreat the point of break down.
R2: Dead cat bounce swing high, this will be a noticeable level of interest for any bears looking to short this resting orderblock.
R3: Orderblocks resting at the prior swing high range, a pretty clear range of interest for the bears.
-----
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Has the flattened curve in US COVID deaths turned into a plateauWeek beginning June 15th, all that' s left is an unfortunate 1500 US Deaths from COVID19 before the 'flattened curve' potentially becomes a plateau. COVID-19 DEATHS_UK showed a similar but earlier pattern but it would be an anomaly in reporting, perhaps, if the chart wasn't pulled from TradingView.
US Dollar Index Long I say US Dollar Index will go long to trendline resistance, seeing that it is moving in the Resistance and support trendline.
Comment if you have a different perspective.
US Key Factor analysis relative to SPYI have used the ishares ETFs as a proxy for the key factors driving the US markets
US Dollar overcomes first projected resistanceThe US Dollar has reached and overcome the first projected resistence around R$5.30.
It seems like its going to keep rising till the region of R$6.00, where it is going to retract to R$5.30 tops.
On the other hand if this recent overcoming fails, the US Dollar may retreat back to the next support around R$4.80.
What do you think?
Does it make sense for you?
