ShrewdCatfx

ShrewdCatfx Updated 

Hello traders.. For EurUsd we observed a very nice swing to the upside over the previous day of trading as decent Eur data beat Usd data for services and manufacturing PMI. We saw initial upside with the Eur data shortly after London open and this was followed by a pullback. Only until more data was released during NY session , we were to see another bounce to the...

ShrewdCatfx Updated 

Hello traders.. EurUsd is about 87 pips from our monthly support level at 1.057.. not too far. The closest we've come was last Tuesday during the hawkish fed speech. Protecting against higher inflation is indeed important and slowing down economic growth as a result may be the only way. The weekly candle is back to being at Break even. The Daily candle today...

ShrewdCatfx Updated 

Hello traders.. kicking off the week here the stock indices are up alongside the USD strength. We have the vix which sold off dring the london session and this tells us that sentiment is leaning towards risk on as call options are being bought. The Nasdaq is moving up here and we could mirror some of the candles to the left handside that we observed during Friday...

ShrewdCatfx Updated 

Oil decreased during London session as we were anticipating from our last Analysis. We are still anticipating a further decrease in the medium term but in the short term here we may pullback. This is what the price action is telling us as we have pin Bar candles on the 1hr and 4hr charts that printed at our 2 daily support level's 81.22 and 80.64. This suggests...

ShrewdCatfx Updated 

Hello Traders.. Another week and more price action to anticipate in the Forex market. EurUsd: As we enter the 4th week of April our Monthly candle is still bearish with a solid bearish body. Last week we came very close to a Monthly support level at 1.057. The low of the week was on Tuesday and coincided with a Hawkish Fed speech. The weekly candle closed bullish...

ShrewdCatfx

The Markets are moving money into buying Puts and this signals Fear. This is what war does I suppose and is the logical scenario that we would anticipate. Put Options are being bought as market participants anticpate lower prices on the Indices overall in the Short term at least here. We gapped up to a Daily level on the Vix where we consequently observed a...

ShrewdCatfx

Nasdaq keeps pushing bearish as the stock indices struggle to deal with rising tensions and conflict in the middle east. The Monthly/Weekly timeframes .. everything is bearish. As we head into the close of the week I'm anticpating a further push bearish. The previous 4hr candle closed a shooting star candle.. this coincided with the 1hr timeframe rejecting a 1hr...

ShrewdCatfx Updated 

Hello traders.. Unfortunately, as War Conflict continues in the Middle east, the USD is feeding on the Fear and Uncertainty by acting as a safe haven during the final Asian session of the week. Earlier & During NY today, roughly 20 minutes before NYSE open, at price 1.06638, I created an update to our previous EurUsd Analysis. I mentioned that price may instead be...

ShrewdCatfx Updated 

hello traders.. the U.S. stock indices have been getting pounded by bearish sentiment related to new war conflicts. Also, they were due for a pullback as things have been quite bullish the last few months. Price currently is testing a Daily support level on Nasdaq at 17,500. The NYSE 1hr candle just closed strong bearish below our Daily support level and we are...

ShrewdCatfx Updated 

Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish...

ShrewdCatfx

We may observe that GBPJPY has hit it's head several times at 192.803 and has failed to break above this level. All week we've been ranging after moving slightly up early in the week. Price wants to go up and since the Bank of Japan recently increased interest rates for the first time in many years, we may very well anticipate a continued trend on GBPJPY to the...

ShrewdCatfx

Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently...

ShrewdCatfx Updated 

Hello traders.. we have another analysis here outlining potential scenarios for intra-day trading EurUsd. Look for 1hr candle closures outside 1.06855 1hr resistance zone and 1.0669 1hr support zone. Look at those ranges we could potentially trade .. up to 1.0712 or if we go down then 1.06345. We have no major news releases left this week except for unemployment...

ShrewdCatfx

The S&P futures is quite weak after strong USD retail sales data. This move opposes a rational reaction to data that came out better than forecasted by a good margin. The market is pulling back and continuing the bearish momentum from the previous week. This may have to do with the conflict between Israel and Iran, this retracement back down. Oil is pushing up and...

ShrewdCatfx Updated 

Hello Traders.. EurUsd just dropped off last week. Those market participants who caught this massive selloff may be thinking of taking some chips off the table. This coincides with a bullish trend in bond yields and the S&P futures wasting no time heading to the upside to begin the week. The Iran and Israel conflict adds a layer of complexity to this new week of...

ShrewdCatfx Updated 

Hello traders.. so yes indeed we did get a very nice push down on EurUsd with CPI data. I put out Short Analyses on Sunday/Monday around Pre-London outlining the fear and market uncertainty that increasing inflation brings into the markets. The inflation reading CPI was expected to rise from 3,2% to 3.4% YoY. The reading came out as 3.5% YoY and we dropped hard on...

ShrewdCatfx Updated 

Hello traders.. we have the last 2 trading sessions of the week here. The monthly/weekly/Daily are all bearish. 4Hr market structure is bearish and we are creating a new 4hr resistance zone at 1.07261 after this 4hr candles closes in 30 minutes. Today we observed a continuation on EurUsd which was forecasted inadvance on this channel. It was relatively straight...

ShrewdCatfx Updated 

The EurUsd Monthly candle is bullish to begin the 2nd quarter and after the first week of Aprils trading. The weekly candle closed bullish as price rejected our key weekly support level 1.0771. The candle left a 40 pips top wick for this weeks candle to go fill in bullish momentum. However, we observed a shooting star candle on Thursday that closed below our...