Hey tradomaniacs, looks like GBP/USD could soon break out the current contraction and move towards the key-support-zone and D-Trendline in order to re-test. Current situation looks bullish for the USD imo as market got dissapointed by previous FED-Statements and will most likely price in affects of the recent and upcoming rate-hikes which will slow down the...
Hey tradomaniacs, NZD/USD is testing a nice resistance-zone to go short. Currently it looks like we see distribution which is likely to result in a break of the current support at 0,61670. If we get a break here soon we could consider to short with a nice risk-reward! Orderflow looks bearish so far after the recent v-reversal showing fakemoves to attract...
Hey tradomaniacs, EUR/USD is testing a nice resistance-zone to go short. Todays statements by FED Bullard was pretty hawkish as he aims for rates between 5% -7%.. so long way to go and more rate-hikes probably incoming. Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades. What do you think?
Hey tradomaniacs, looks like AUD/USD wants to fall as we get more risk-off in the market. Technically a good short... but watch out as we get CPI - News soon! Orderflow looks bearish! What do you think?
Hey tradomaniacs, USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend. The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation. What do you think?
Hey tradomaniacs, TP quickly hit and now im short. Technically we see a fakeout and a good chance to short. Recent PPI shows that its not impressive and priced in to see a lower inflation in the US... Inflation has generally been no topic anymore as peak has been reached. Now its more the fact that raised rates and upcoming rate-hikes into a recession will...
Hey tradomaniacs, technically a great chance to go long in EUR/USD after thgis aweful volatile day. Good support and likely to hold due to falling yields (Non-Sense-Correltation) aswell as absoprtion at the support-zone in market-depth. Gonan take a long with aggr. management as volatility is very risky today. What do you think?
Hey tradomaniacs, technically a good spot to go long as we are hitting a trendline and key-support-zone. Orderflow looks pretty bullish with absoprtion and aggressive buying! What do you think?
Hey tradomaniacs, we currently see weird correlations as YIELDS are going up (especially shorter-term-yields which are likely to move up faster when facing a recession) while the US-Dollar falls. As you might know, this makes less sense and we should soon see who one of those is lying. The mixed NFP-Result which was actually bearish for stocks (not in detail...
Hey tradomaniacs, EUR/USD is now retesting a strong resistance-zone after the breakout and could continue to move down. Obviously NFPs will be more important than any technical level, but news could support this breakout with positive NFPs as it would put Powell less under pressure to slow down with his current rate-hikes. What do you think and what will u do?
Hey tradomaniacs, after breakout we`ve seen a retest. Price forming support delivering a good chance to buy. What do you think?
Hey tradomaniacs, yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation. The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances. However, Jerome was clearly...
Hey tradomanics, EUR/USD us currently testing a strong support-zone and could move up from here on. As I expect a choppy week since the market has no idea what to do with the recent data and news from the ECB, we could see at least a correction here to the upside. Market-Depth and orderflow showing absorption and aggressive buying! What do you think?
Hey tradomaniacs, NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline. Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement. Strong Rate-Hikes combined with a bad outlook for the next quarter and year is...
Hey tradomaniacs, SPX500 is testing a very strong resistance-zone which is crucial for the next moves. We either get a market that prices in less rate-hikes by the FED as the inflation settles down while economy suffers (So market expects FED to support economy as inflation settles down), or we get to see a market that prices in more rate-hikes due to higher...
Hey tradomaniacs, so far EURO has been very strong since the market has recieved dovish tones from the FED as they are concerend about the current slowdown in the economy. Thoughts explained in the chart. Both scenarios can happen tomorrow!
Hey tradomaniacs, looks like we had a fakeout on AUD/USD and so a nice chance to short it if confirmed. We usually wait for a re-test and rejection to be safe, but if u want to trade aggressively u can also early-enter with a potential re-test. However, recent news were mixed so market is very wild and risky to trade. What do you think?
Hey tradomaniacs, technially we se a nice chance to trade a breakout with NZD/USD as price is falling with indices today. H1 Chart shwoing fakeout and now we get a break of the previous trendline which could accelerate momentum. What do you think?