SerpentForexClub

SerpentForexClub

Most important factor for the economy is how GPD behaves. Several economic indicators will be observed, in order to obtain the whole economical situation and GDP growth. Technical Recession is defined when Real GDP has 2 negative consecutive quarters. 2022,Q1: -1,6 % 2022,Q2: -0,6 % 2022,Q3: 2022,Q4: Inflation target: 2% Actual: 8,3 % Unemployment rate...

SerpentForexClub Updated 

Price is correcting right now and this can be easily recognised by the choppy channel. I am expecting today CPI to give the start of the true direction, after clear some liquidity. The true direction is down for now. Fundamentally speaking, gold should go down, because of the hike of the interest rates ( coming soon) and Yields, more here: Latest COT...

SerpentForexClub

Gold is consolidating before the big move down, thats why is not so easy to predict the next move in smaller time frames. Before Gold continue down and touch 1680 again (at least), I believe it will make and upthrust (false break out). We need to follow the price action and see which way gold is choosing, making this false break out.

SerpentForexClub

For now, may be the entire Week price is going to push up. After that it will continue the bear trend. We need to be patient. Look Elliot Wave count on BTC

SerpentForexClub

In my opinion there are 2 scenarios If the last high hold, it means that wave B is over and price formed wave 2 from the Impulse down. If price break the last high and make a new swing up, this will be the start of the new Impulse down. We are still in down trend and price is very bearish on higher time frames.

SerpentForexClub

I believe, price will make one more swing up, before continue the ways down. On weekly time frame price is still bullish. There is a chance, that price is going to form a big consolidation, which means price need to go up to the origin of the consolidation at 1.5300 level.

SerpentForexClub

It looks like EU want to correct a bit. It made SMT, RSI divergence on higher time frames. And still it is too risky to buy in my opinion, considering the fundamental analysis.

SerpentForexClub

It seems, it is time for correction. Price need to go in discount area, before the banks buy again. I suspect we will see 1 or 2 weeks of correction move, before the new swing up.

SerpentForexClub

It seems that US30 is making a correction, preparing for sell off, when the FED announce the Interest Rates this month. Price should go in premium price to be sold and this is what is doing now. Fundamental analysis shows that this year will be big sell off for the US Stocks. From Volume analysis we can seen, that US30 rise, but without volume, leaving the...

SerpentForexClub Updated 

We are going to look the US Economical situation in order to understand what moves the markets. There are few factors, that should be observed and based on historical behaviour a long or short bias can be made. Most important factor for the economy is how GPD behaves, that is why a deep analysis of GDP is required. Technical Recession is defined when Real GDP...

SerpentForexClub

This pair should continue down to the lower channel band, at least. Short bias, fundamentally driven. Europa is so bad fundamentally against USD ( Gas crisis, war with Ukraine) that even can not make a good correction.

SerpentForexClub

The market surprised me last week and continued upwards, making bigger correction to clear the liquidity from the last low. This pair is still on down trend, made big correction and in my opinion should go down at least to clear the liquidity from the double bottom. Fundamentally - Gas crisis for Europa, especially Germany is getting worst. Russia stop the...

SerpentForexClub

Since two weeks I am bearish on this pair and the price still did not reach my short term target. This week we continue as planned - to the downside. My bearish bias is fundamentally supported.

SerpentForexClub

I am expecting some up moves, before the continuation down. Last week was bearish, this week should be too. We may see some corrections, but based on the Fundamental analysis my bias is short.

SerpentForexClub

A pullback is almost over in my eyes. I am expecting a continuation down very soon.

SerpentForexClub

So far the count is respected. 1680 is very strong area, I am expecting from Gold to consolidate a bit before break it. I triangle as wave X will be very nice consolidation. At this moment, watching the structure, I am preparing for this scenario.

SerpentForexClub

I assume, the big pullback is over and the down trend already continued, so we should follow the trend.

SerpentForexClub

After Pullback, continuation to the down side. I was expected a bigger consolidation around the parity, but the FEDs were very hawkish last week and this brought the sell off.