EUR USD has been expected to reach 1.22 level ah week according to fundamentals and analyst. Inflation being one main reasons. Not only that USD has strong tendency of weakness of showing signs of weakness around President election. Indicators are all showing bullish sentiment for this pair. EUR manufacturing growth continues.
GBP has Been on selling Theme Lately I just see healthy Pullback before any possible continuation move to downside. Especially Against the Aussie Cross as is best potential trade setup.
With Scenario's We have our aimed Long Bias to first slightly break channel. and could see us continue to next key level 3100. Now if we don't See a bounce in DXY then we'll be looking at second scenario to downside.
Price Action Stays Contained Inside Channel. Looks will Continue to Slide.
Having indicators pinpoint sell signals. And inside channel for a ride downhill.
Britian and canada recently had post brexit rollover deal. Speaker Haskel is speaking on monetary policy today. We are seing clouds and rsi show bearish signs.
Seeing Price head to next resistance zones. Ichimoku and rsi showing bullish proper upside. Yen fundamentals shows alotta weakness not living up to being better finnancial hub then hong kong. After Speaker Haskel we may see volitile moves after 6.30 inflation talks. Could be to downside.
Break through 1.19 resistance this week on dollar weakness.
We have Two Trade Ideas, Betting Mainly On Descending Trend Because Price Usually Fails to Break $43 Level Resistance. If we happen break resistance we can look into the second trade idea. We can see Ichimoku tightening for a decided move I believe to be down side, Obvious Reversal OTW. Not much upside potential there.
Price Can Bounce To Any of the Green Support Zones. Heading To New All Times Highs, We'll See how it Performs During These Treachous Times Before Vaccines Are Released.
What we have here is S&P500 going through some changes on the way to 2021 with tesla being added in. Trendline should be respected for the most part. Oscillator And RSI indicating bears losing the lead. Could see price trade back to 3480 on coronavirus fears. then finish the year in optimism to 3700 levels.
I used the Elliot Wave To to show the swings inside the range of 2900 - 3000. We could see a further push down as governors in states try to issue lower capacity facilities and lockdowns. Could be panic Sells or healthy retracement as we enter December. As we're closing in on winter a second trade scenario is we push under 2840. Before entering bullish momentum.
On The Release of ETH V2 this year we didn't get a strong bullish momentum, I believe that's Okay. Regarding ETH has a lot of different things to build on top of it. As we loss BTC Correlation Were Still At All Time Highs YTD. All We Can Continue To See Is More Gains With ETH. Continue Holding!!
Monero is used Privacy Token, My fourth Favorite Crypto To trade. Its been trading nicely. Really Intrigued With how this Project works.
In My Top 3 Crypto Projects. XRP is definitely something I see as a capital grower. Wasn't liking how it was trading but I still believe in this market. Transactions Are way faster. And Now that CBDC are in talks I just Market caps growing in the Crypto Space.
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A lot of adoption going on in my parents home land (Haiti). And A lot of other Growing economies. Despite Ripple deal that didn't follow through MGI has been in a lot of light in financial sector. Many other deals and Partnerships happening with how the next monetary reset. Growth And More Growth In Walmart.
We have lots of stimulus and vaccine talks. All though we have not so good jobless claims we might not see that take affect as of yet. I think further sell off may be imminent because we have went under 1860 support. Trade May go to second idea if DXY lack the strength in the upcoming week.