Hey tradomaniacs, NZD/USD is likely to fall duie to the risk-off in equities and the strong US-Dollar. Technically we`ve seen a fake-move to the upside and now a break to the downside. The recent re-test could give us a nice opportunity to sell the next rally. Let`s see =)
Hey tradomaniacs, EUR/AUD has re-tested a key-support-zone and is likely to move up along with the US-Dollar after Jerome Powells statement from yesterday. If indicies turn around and retrace the rally we might see a rising EUR/AUD as risk-off is likely to continue. Techincally a gfood spot to go long as soon as confirmed. What do you think?
Hey tradomaniacs, technically we are getting a nice chance to short DAX30 as price has hit a strong resistance-zone inside the trendchannel. Fundamentals: Market only pushed up as Jerome said 0,75% hikes are not considerable. Marked enjoyed that as it would have been the only surprise that wasn`t really priced in, but a rumor or expectation by some banks....
Hey tradomaniacs, GBP/USD just re-tested a key-resistance after the breakout of the secondary trendline (correction) and is likely to fall due to flipping in the orderbook. Be cautious as its bank holidays - use wider Stop-Losses or trade tomorrow! Interest-rate-decision this week could obviously change everything! What do you think?
Hey tradomaniacs, NZD/USD just tested a strong key-resistance-zone and is likely to fall due to a reload of sell-limits at the top combine with weak aggressive buyers which are not interested to lif the offer yet. If those don`t get filled it is likely to see a drop here.. at least another correction of zones of more open interest. What do you think?
Hey tradomaniacs, in confluence with my expectations for a falling stockmarket I expect EUR/AUD to break out of the current correction very soon, especially after the recent stop-hunt to the downside which is often a final move before the price turrns around. There is a chance to see a re-test of that hunt-zone, but overall I expect price to move up very soon!...
Hey tradomaniacs, SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout. As always I`m very cautious here due to the current volatility and uncertainy of the market. Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying...
Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so...
Hey tradomaniacs, previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100. We will probably see a move up to attract more buyers in order to get more liquidity for the sellers. So...
HEy tradomaniacs, AUD/USD is at an important key-level and likely to retrace as market-depth showing absorption by buyers at the bottom of todays opening-range. Price is oversold, so it is likely to see profit-takes and so a retracement to the upside! Orderflow looks bullish for now! What do you think?
Hey tradomaniacs, its been a very slow day due to holidays almost everywher except the USA which could give us atleast one great opportunity now. SPX500 just re-tested the key-resistance-area after the recent breakout and is giving us a nice chance to sell. Market-Depth is currently showing iceberg-orders absorbing stop-runs above the resistance which makes...
Hey tradomaniacs, recent news by the ECB have caused a sharp drop in EUR/USD (Was pretty obvious as the ECB is not here to fight inflation, instead to provide liquidity to help suffering countries). Ever since we have the huge divergence between the FED and ECB im generally looking for sells in EUR/USD until something changes in Lagardes monetary policy....
Hey tradomaniacs, Bitcoin-Bulls failed to push price above the current trend-channel and are now forced to liquididate positions (especially on margin) which is causing another drop back into the trend-zone. So far fakeouts like that are usually manipualtions by sellers to attract more buyers in order to provide liquidity the sellers need to fill their...
HEy tradomaniacs, NZD/USD is testing the current upper trendline of the trendchannel and retraced the previous breakout which is giving us a great opportunity to follow the recent impulse to the downside. Technically a great chance to sell if risk-off-mood stays in the market. What do you think?
Hey tradomaniacs, previous breakout-zone got re-tested and market-depth is showing baosrption in form of iceberg-orders. Very strong aggressive buyers are getting absorbed by sell-limit-orders which are getting reloaded over and over again. So far a good sign for a continuation to the downside as big players seem to distribute volume. Also technically a...
Hey tradomaniacs, after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range. Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now. This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant...
Hey tradomaniacs, SPX500 just formed a fakeout above the resistance-zone aswell as the Trendline of the current downtrend: It is very likely to see more downmomentum (probably a bear-rally) as liquidity got grabbed after the break of the trendline. What do you think?
Hey tradomaniacs, the chart basically shows my current concern about the recent breakout. Correlations aswell as fundamentals do not make sense here especially since YIELDS are exploding which is very good for the USD. ECB still pretty dovish in terms of interest-rates while FED does everything to fight inglation. I expect EUR/USD to drop sharply after...