Traders, Expanding on our EUR/USD analysis, I've integrated two distinct setups: Significant Support: Daily chart analysis reveals robust support levels. Bearish Trend: The LR channel indicates a prevailing bearish trend. Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short...
Keep in mind, it took $7 trillion in fiscal & monetary intervention to get to this point. Pick your horses! Bubbles defy reason and this historic set of liquidity injections have created the illusion we can print ourselves out of the current mess and as long as the liquidity equation retains control the asset bubble can grow, grow to become ever more of a risk to...
Today's selloff had many interrelated factors, of which came together to form what looks to be a hint of conviction, suggesting further price declines to the downside for most major benchmark's in the U.S. Most people who follow my SPX charts assume that every chart represents a new trade, specific in the time and moment. In reality, this isn't true and I use the...
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bearish on gold this week (wont be trading on Wednesday due to fundamentals (massive volatility expected) -check out my previous analysis on gold last week link down below)
USDCAD is approaching our first support at 1.3056 (horizontal overlap support, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3177 (horizontal swing high resistance, 100%, 61.8% fiboancci extension, 78.6% fibonacci retracement). Stochastic (55,5,3) is also...