DXY AnalysisHey traders, in the coming week we are monitoring DXY for a buying opportunity around 96,5 zone. i highly recommend to take a look at DXY at the beginning of every week if not everyday. that will help you to spot USD pairs direction and trade them in a more professional way.
Trade safe, Joe.
USA
Disney breached key support level, heading down to $128 gap fillDisney had recently gap down and breached the key support levels at $155. The trend and momentum is also negative. If the markets continue remain volatile, I believe DISNEY is head towards $128 to fill the gap by Feb 2022 or earlier. Timing the target is bit challenge as there's always some Santa Claus rally in holidays, but I see $128 is unavoidable.
AUDUSD ShortHey traders, in this week we are monitoring AUDUSD for a long term selling opportunity around 0.71 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Bubble popping?I am not saying this will happen, personally sitting in 80% cash besides a few stocks that I still see upside in the next couple months, but could you imagine the pain if this played out. bearish divergence on the monthly Fed turned hawkish. Before you say it couldn't, the 2008 financial crash was 53%. 2000 dot com bubble 60%. Will tech pop this time? or will govts find another way to keep the market going?
USOIL LongHey traders, in this week we are monitoring USOIL for a buying opportunity around 84.5 zone respecting the bullish channel in combination with the positive CAD data and USDCAD descending market and the strong negative correlation between these two pairs, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.