albertokundaye5

albertokundaye5

Hello traders! For a quick summary of Canada's international transactions in Securities as of April 2018, see the article: www150.statcan.gc.ca It is important to also note the upcoming risk events of high importance to this pair, as these can cause a short-term increase in volatility, which could potentially help or hurt your portfolio. Chart Analysis The...

albertokundaye5

As you all may well know, the Feds decided to hike the federal funds rate yesterday (the second rate hike this year) by 25 basis-points, citing a strengthening labor market. This comes as no surprise to investors since the Feds forecast 3 rate hikes this year. One unintended consequence is renewed hope that the USD will regain back some of its losses from last...

albertokundaye5

At the moment, the DXY is being driven primarily by developments in the China-U.S. trade agreement, while the pair is left to float with the Euro as its primary driver, which unfortunately, lacks positive momentum. Therefore, nothing short of concurrent positive economic developments is required to stall (and hopefully reverse) the current 32-day old 3.64% drop in...

albertokundaye5

Hello traders. FUNDAMENTALS; I strongly recommend you visit www.bloomberg.com to get a quick rundown of the recent global economic developments, and what to expect through the rest of the week and next week. After last week's MUCH better-than-expected labor market data, it is no surprise that the U.S. dollar experienced as much volatility as it did. However, the...

albertokundaye5

Wassup traders! It's been a while. Let's dive right into it! The pair has been in a downtrend on a year-to-date basis, is currently relatively overbought and is trading around a 3-month+ old resistance level. While buyers still appear to be in control, all indicators hint at a move to the down side. A close below the labeled threshold will serve as a...

albertokundaye5

Hello traders! Been a minute. Interesting level here, I thought it was worth drawing attention to. I am not so current on the fundamental profile of Japan so do your due diligence and carryout thorough research before investing in this pair. Trade Smart.

albertokundaye5

Hey y'all! From past experience, what typically follows the break of a trend is a retest of the support and/or resistance levels before momentum accelerates. I'm not too current on the Asian markets developments and this pair in particular. Make sure to utilize every tool in your arsenal to understand the fundamentals driving the pair. I've found that it helps...

albertokundaye5

Hello traders! Hope you're getting ready for a fun 4-day trading week. I published an idea of my view of the US dollar outlook for this week. Make sure to check it out, like, follow and comment your thoughts and criticism. It all helps. However, USDCAD is in my spotlight at the moment and I'll continue to monitor its developments in the coming weeks. The...

albertokundaye5

Hello traders! Hope y'all had a great trading week. Let's get to business. The greenback has had a series of unfortunate events recently, the bearish tone has been set. Net long positions fell to $4.50 billion in the week ended June 27 from $7.82 billion the previous week, making it the lowest since the first week of July, 2016 (the lowest in 1 year). Also,...

albertokundaye5

Hey guys. Hope you're making money and having fun! Technically, evidence of a potential reversal to the downside is stock pilling against the Kiwi. It's all annotated on the chart, but just to recap: We had a bearish pin-bar on June 19 In the last 24 hours, the pair began trading below support from almost a month ago (May 24, precisely) Also, we've seen...

albertokundaye5

Market Wrap; Hey y'all. I hope y'all had a nice trading week. My definition of "nice" is; learning new stuff to improve your trading business and experiencing wealth growth. Anyway, following a worse than expected employment data and a bearish-looking dollar, it's obvious that traders are more concerned about employment than unemployment, although, diverging...

albertokundaye5 Updated 

Hey y'all. Because I do not know what is going to be talked about in the OPEC meeting today, and don't care to follow it (because I'm lazy as hell), I will only trade the market's reaction to the risk-event and use historical price analysis to make a trade decision today. To get a clearer sense of market sentiment, please follow the OPEC meeting (it'll bolster...

albertokundaye5

The Chart is of the 2y Govt. Bond yields which is positively correlated to the CPI and to the USDJPY pair, with correlation coefficient of >0.8. This is because, inflation is directly related to debt and investment yields and Japan is the second largest US debtor. All three charts are consolidating which would mean that there's still a fog of uncertainty into the...

albertokundaye5

Hey y'all! The USDJPY pair appears to be in a bit of a consolidation, right in the 3-week consolidation zone from the last week of March to the first week of April, roughly. To get the wrap on the fundamental drivers of the pair, go ahead and read these articles; www.dailyfx.com www.bloomberg.com From a technical standpoint, one of two things is a given;...

albertokundaye5

Hello guys. Been a while. Just noticed this and thought well... either buy the EURUSD pull back or short the break of the support line(or level, really). Hopefully, there's is enough geopolitical catalysts to propel prices with such momentum as we saw last week. Traders who are long the green back have got work to do!

albertokundaye5

kill zone (like Akil_Stokes calls it) in pale yellow, wait for a breakout, then a retest, cock my gun, get ready and pull the trigonometry that'll kill me some 70 pips

albertokundaye5 Updated 

it requires a little bit of price action, some news and some luck!

albertokundaye5 Updated 

From the negatively sloped resistance trend line (in red) and the positively sloped support trend line (in green) we can see there exists in the dollar, indecision. The dollar has been consolidating since the end of the first quarter of 2016. I am trying to answer the million dollar question; should I be investing in the dollar or shorting it? I decided to...