Looking for a potential short here target 50 pips. US Midterms aiding fundamental DXY strength.
Looking for a long here buy at 1568 target of 1600 area.
Looking for a potential long here target of 50-100 pips DXY seems oversold on the 4 hour.
The DXY has been showing strong weakness as the forex major non-US pairs moved significantly higher on Thursday and Friday. Continued DXY weakness seems to be the market vibe for now though that may change within the next 24 hours. Currently there are no high volatility economic events to take place today for Europe or for the United States, except for the ECB...
Looking at a potential short on btcusd target of 20600 area. Weekend volume may be slow.
Looking for short on ETHUSD with a short target of 1600 area for now. Pullback after spike.
EURUSD GBPUSD Long Potential: Yesterday the US Fed increased interest rates by 0.75% adding fundamental strength to the US dollar longer term. US stock indexes and cryptocurrency can see fundamental weakness going forward longer term. In other economic news Europe recently showed inflated CPI data both from an expected and previous data standpoint, CPI (YoY)...
Looking for a potential long here for eurjpy. Target 50-100 pips.
Looking for a short here for a day trade potential of a 1$ target or more entry was 88.53 area.
Looking for a potential long here for 50 pips or so target, open since New York. Looking to close out before the US fed rate hike decision.
The Aussie (AUDUSD) and the Kiwi (NZDUSD) moved significantly lower in the Asian session due to the bearish economic report Employment Change for the month of September. The economic report showed Employment Change (Sep) Actual: 0.9K Forecast: 25.0K Previous: 36.3K, this data resulted in a steep decline in jobs from a previous and forecasted amount and can be...
The MACD (moving average convergence divergence) is one of my favourite trading tools or indicators, and might actually be the most powerful of them all. I first started using the MACD in 2015 and have been studying it since, it takes a long time to learn and understand all the parts of it. I wonder if I have learned all the hidden secrets by now, or will there be...
In the market we often see inconsistent trends that occur between different cycles. For example, at this time today we may think one asset is strong such as the US dollar, but instead today it may occur that in reality the US dollar is weak today, only to see that the following day the US dollar is once again stronger, or next week after a week of bearishness. One...
EURUSD has fallen during the London session after rising for the most part in the asian session. It seems that there may be a potential short term buy on EURUSD approaching, the 4 hour sma 5 currently sits at 0.98207 about 60 pips away which gives an indication that there can be a chance to retrace higher upon the next candle or two. MACD histogram bullish...
The result of today's US economic news, Fed Interest Rate Decision Actual: 3.25% Forecasted: 3.25% Previous: 2.50%, exhibited bullishness for the US dollar as the rate increase was higher than the previous amount. Stocks slumped and so did all other major currencies other than the greenback. The Nasdaq and S&P500 dumped significantly while the DXY dollar strength...
Tomorrow the US will be holding a very important economic event, the Fed Interest Rate Decision, Forecast: 3.25% Previous: 2.50%, will be one of the highest volatility events that we will see this year in the market aside from other US interest rate decisions, as it will bring enormous shape to the market. A 0.75% rate increase is expected though a 1.00% rate...
Today Europe will be releasing economic data for the report CPI (YoY) (Aug) Forecast: 9.1% Previous: 9.1%. A surprise of a lower value can be weaker for the euro while a higher value can be bullish for the euro indicating higher inflation. The Consumer Price Index (CPI) tracks the fluctuation in the price of goods and services from the aspect of the average...
Today the US CPI economic report showed a sharp rise in inflation Core CPI (MoM) (Aug) Act: 0.6% Cons: 0.3% Prev.: 0.3% and YOY CPI (YoY) (Aug) Act: 8.3% Cons: 8.1% Prev.: 8.5% most likely fueling a large interest FED rate hike at the end of this month. On the 4 hour chart EURUSD has come into a near oversold position that may potentially be a good buy. RSI...