Got UK economic data in the upcoming trading week PMI data not much else, will look towards JXY if we are getting sellers back in play or continuing the pullback on JXY. will look to see where intraday candle body will hold but looks with broke a significant low in the past week 155.500 strong demand zone. will be looking to play the trend.
Looking to see the bullish ms and pa continue into this upcoming trading week, heavy week with economic data and FOMC.
looking to continue the bearish ms on eth, making this brief description a little longer so I can post it
Looking to continue the bullish ms with GJ, buys within those price parameters, need JXY weakness to play the buy bias but if we are seeing bulls relieve bears on JXY then we will adapt to sells
upcoming weekly outlook for the trading week of jan 9th - 14th market sentiment can potentially shift with future prediction of Interest Rate hikes in march (80%) from FOMC meeting minutes which caused bulls in Dollar and bears in Gold / US30 however something to be mindful is the profit taking on US30 came from peaking new highs which is normal and still holding...
During FOMC Meeting Minutes feds bringing more of a hawkish tone regarding Interest rate futures see a 80% rate hikes in March meeting causing a bullish response for US F and bearish factor for Gold, need to monitor Economic Data and look out for any fed speakers Trade ideas are as follows,need to further validate sentiment by monitoring Equities market
%$ quick review of trade idea of sells at 37K / 36.5K
this outlook is what i'll be looking towards in the upcoming week, if take a look at the higher time frame you can see on the weekly chart we are still holding bullish ms. we are tapping into a higher time frame demand zone the we can see time and time again buyers holding that level. a break below 46500 will signal that we will start shifting into a bearish ms by...
did this mark up as a layout for the upcoming week, we need to monitor how price is moving between the session. crypto is volatile so it would be hard to gauge but we do know its apart the feds asset purchasing plan so we know it has a correlation to the US $
Gold is currently in a ascending channel but holding intraday bullish ms, we look to see if taper will begin soon which will give Gold its sell off heading back to 1680 lows. monthly close on gold is a weak bullish candle with wick rejection at 1812 kl highs will gauge economic data and catalyst along with intraday candle body closures as price develops with clear...
GJ holding bullish 156.000 showing to be a strong demand zone that is holding bullish ms, after GJ had an extended bullish run for a past few weeks we are in a pullback phase. however, the bullish bounces from the 156.000 demand zone is getting smaller and smaller will look at intraday candle body closures. bullish bias for GJ with Yen weakness and UK100 at new highs
DXY ended the month off with a strong weekly close correcting the pullback phase after creating new highs. however, the monthly did close weak bearish but still above previous monthly highs at 94 price level. Tapering is "supposed" to begin as early as November but that could very well be delayed you never know how it might play out but it has been priced in...
simple and easy week for GBPJPY as the yen is heavy bearish + Interest rate hike rumour + bullish UK Equities = bullish gj along with monitoring day to day headlines and Economic data
not the greatest review but i still have to produce something. something is better than nothing but that something should at least be of some quality
Dollar testing 94.5 level zone failing to break and close above. price in pullback phase after printing intraday highs. Feds state High inflation is only transitory due to effects from covid and will be balanced
***Yen is higher time frame bearish due to the way its central banking has set up its infrastructure*** that is all, will conduct regular weekly reviews and outlook. just wanted to jot down a refresher for myself as a mfer is busy af hope this helps anyone but you will need to be knowledgeable on: - intraday time frames - candle body closures - fundamental data...
Have PPI for Yen Economic Data and for GBP we have GDP figures. looking to continue GJ Bullish run but it is important to be mindful of Dollars heavy economic data / meetings such at FOMC as the world reserve currency it has impact on all economies will look to play the ppls and safe trade ideas with price action / intraday confirms
Keeping analysis on Gold as we have CPI,PPI FOMC Meeting Minutes, Unemployment claims taking place this which is a heavy week for the dollar as it is nearing 94.5 which is last high that took dollar to its time lows due to this will be taking it easy with Gold and not forcing any trades