DXM : 46% LONG = Still high !!!!!!! Most of retails are still LONG, think in the other side. Seasonnality : neutral then bull during january but SHORT accordy to the "pattern prediction". COT Strategy : AUD is reaching a strong resistance around -5 on the COT history Chart AUD. No FLIP. Sentiment score : Daily sentiment : Negative thanks to China covid...
**Fundamental view :** the British pound could be the main victim of a strengthening euro, "as the Bank of England (BoE) is closer to the end of its tightening cycle than the Fed and the U.K.'s large current account deficit makes the pound vulnerable in a global slowdown.” Pound Slumps as BoE Forecasts Recession for UK The Pound (GBP) was initially boosted by...
More & more leveraged funds are moving their positions in order to short the NZD against the USD. We can see it with the COT and the flip made 4 weeks ago. Ok the nzd is rising and the usd is weak but what you need to understand is why leveraged are moving their funds ? Follow the smart people and not the gurus on instagram or whatever. If we summarize : -Big...
Not a financial advice, just my analysis. I'm expecting a bearish trend until december.
About the DXM (Dumb Money Index), 71.2% long on EURGBP as we saw a big selling force in the last few days that caused us to break support. Open interest is also rising and in terms of economic news we have the German Manufacturing PMI tomorrow morning. Large buying volumes are visible around 0.84, the price has a strong chance of being pushed lower. Beware,...
EURO ZONE : IPC news on Friday. ⚠️ Not a financial advice. Please respect the RR.
Not a financial advice just my analysis. Long term. Please, follow the RR !
Not a financial advice, just my analysis and opinion. Short for me, little SL until 0.97985 and TP at 0.95207.
Bearish setup in my opinion, we will be watching tomorrow's announcement on the unemployment rate in Germany closely. After last week's shock FED announcement, the ECB should not be long in reacting to inflation that is still rising. Beware of this month of August, there is likely to be a lot of volatility on the markets. This is not financial advice but just...
This is a long terme position, not until tomorrow but for some weeks/month. Not a financial advice but just my opinion.
I really don't understand how most people are bullish on this pair. We followed a downtrend for several days to create a slight uptrend which was then broken by a big wick accompanied by high volumes. Here it is a matter of resuming the underlying trend and not looking for a counter-trend (bullish) which for me does not hold in view of the current...
I'm selling EURUSD. Just my opinion, not a financial advice.
NZDCAD is in good configuration imo for a SELL . Reversal tendance here, no important news except tomorrow with the Core CPI for the CAD. -We're on the 38.1 of Fibonacci like the two times before. I'm waiting a sell until my SL which is around 0.79500. This is just my opinion and not a financial advice.
EURGBP The euro against the pound remained in an uptrend, supported by an ascending oblique and the SMMA 50. After breaking this oblique, an ascending flag has been forming for a few days but it too has been broken, a pullback is visible. For me, the break of the SMMA 50 and the oblique support, invalidates the scenario of rise hoped by some and it clearly...
I'm taking a long position here. Not a financial advice, just my opinion. Strong support since 2016 ! No important news tonight.
SMMA 50 + 200 resistance. Just my opinion not a financial advice. Important news : Germany unemployment change in 5 minutes.
just my opinion, not financial advice. I'm taking a long position here. Important news : Tomorrow : Consumer Confidence (CB US)
Retest on the support. SMMA 50 like support + pullback. It's just my opinion, not financial advice.