BREAK OF PAST STRUCTURE SUPPORT TO UPTRENDLINE SUPPORTSHORT ON A RETRACE TO BROKEN PAST SUPPORT NOW TURNED RESISTANCE. TARGET IS UPTRENDLINE SUPPORT.
Weakdollar
ORBEX: GBPUSD, USDCHF - Another Fed Cut?, BoJo's Plan Falls FlatIn today's #marketinsights video recording I analyse #GBPUSD and #USDCHF
#GBPUSD moves on:
- BoJo plan optimism on Commons
- BoJo plan falling flat on Good Friday agreement threat
- BoJo plan creates new borders, still seen as backstop
#USDCHF looking bearish on:
- Weak ISM NMI
- Increased chances of rate cuts
- HIgher fears of recession
All eyes on NFP today! Can watch live here: www.orbex.com
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
BTC - DXY - SPX fundamentals - long term ideaPoint of this idea is future reference!
Candles - DXY
Yellow - Bitcoin
Blue - SPX
Comparing cycles of BTC with regards to the dollar and stock market.
For a booming iconomic cycle we need:
1. Access of money
2. Access of optimism
3. Low risk tolerance
At end of 2017 we had SPX at ATH , tanking dollar , optimism in the markets and willingness to invest in risky assets such as bitcoin.
Lows of BTC corresponding to SPX lows and uncertainty in the markets.
Since than we have a rally in the markets, new ATH for SPX , strong rally in BTC up to 14k with no formidable resistance over.
Only thing we are missing is the weak dollar to fuel even further the rally and here comes president Trump.
Trade wars with China and upcoming 2020 elections, president Trump bashing the FED for increasing interest rates , led to FED lowering them.
For next year if not this one in orther for him to get reelected, I assume we will have a resolution and coming to terms regarding the trade war , president Trump wants weaker dollar and will continue his pressure towards the FED to lower even further the interest rates, this may(will) lead to weaker dollar ( not necessary) and will fuel the upcoming rally of BTC and stock market rally even further.
GBP/USD Daily Update (10/5/17)We have NFP tomorrow.
GU is approaching key support zone of 1.315
I am seeing weakness in usd for NFP tomorrow.
Disclaimer :
This analysis does not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with a post a comment if it reaches some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because i'm not monitoring this chart all time
C-wave in the making, before the next impulse upFX:EURUSD could be starting the c-wave very soon. I will be looking for a short entry signal. There is also a nice head and shoulder pattern forming. Which can be used as possible entry point.
Long term I think the FX:EURUSD will go up, because of weaking TVC:DXY
CUUUSD: Copper a buy right here, target 2685CUUUSD: Copper, like gold, looks like it will get saved here by a technical back-flip, courtesy of the Dollar. It should rally to 2685 where it's probably going then to be a good short again.
CAD soon to hit the trendline.We are now expecting the last move downwards to the trendline for USDCAD .
