With Trump projected to claim the White House after preliminary votes are in, all eyes turn to Mexico. Trump has been an outspoken opponent of the "Border Crisis" and the loss of jobs to nearshored workers. Trump has threatened Mexico with tariffs on both fronts and is projected to have the House and Senate's support when proposing ballots. Expect many...
Dollar (USD) has been extremely strong, however has come to a point of resistance and risk. US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves. Yen (JPY) has been been on the other side of this coin and it has been...
Longing AUD Expecting pullbacks in DXY - 3 of 4 weeks were positive Weak Oil prices - Weak CAD pair Expecting a strong move with Aussie moving up.
If USDCAD (UCa) continues to reject 1.40, UCa could make a strong push to the downside towards 1.30 over the next 3-6 months. There is an interest rate decision from the BoC tomorrow, 10/23/2024 and can be fuel for the currency in either direction. With rising oil prices and an impending rate cut, the expectation is the market will begin to price in future...
Dollar is struggling. There are about to be 2.5 weeks of global economic data that is going to set the landscape for 2025. At the moment, dollar is looking extremely weak. Taking dollar short to go to new lows. Target = 0.80-0.75
Aug 2024 - DXY has had a big pullback after the US and other major economies have and plan to cut interest rates. Idea: The US economy will remain strong, forcing interest rates to be much higher than in recent history (08-21). Relative to other economies, the US will continue to remain strong. With a focus on re-shoring and a return to manufacturing, there are...
EURGBP on Daily Chart testing previous S/R line. A strong breakout above could push EUR to the previous ATH of .93. 1-2 month timeframe. Patience and strong breakout are key.
UJ is in a descending wedge starting from ~142.57. CPI #s tomorrow can either continue downtrend or break to upside back to 137. Be patient, wait for market to digest numbers, make strong entries.
Similar to GBPJPY setup previously posted. CADJPY has opportunity for breakout and continue run of JPY weakness ***Posting this day ahead of US CPI & Unemployment numbers, this could impact direction of trade.***
JPY pairs have been forming inverse head & shoulders since Dec. 19th. GBP has best RR along with both technical and fundamental support to close gap to 166.
Storj coin is a great use case coin with a transparent team. Breaking out the channel and expecting a target of .00005sat before true resistance
BTC is entering the bottom end of a long-term Descending Triangle. My target for this formation to complete is end of Jan., beginning of Feb. If BTC heads up, it will need a bit of follow-through volume and it is off to the races. If it heads down, the pain train will begin. Thoughts? Where are we headed?
Strong buying opportunity for Myriad, as it has been trading very technically strong. Bouncing off of dollar support at .018. Could see a reversal here and also follow through if volume follows.
After the recent cryptocrash, $XMY has had a very impressive recovery and is now forming a triangle below ATHs. Watch and see what it does.
$XMY has been leading the cryptorally over the past two days, about 70% off of lows. As markets take a moment to gather, it's time for Myriad to prove its strength and continue to push forward. Clear eyes. Full bags. Can't LOSE!
After a bloody day in Cryptomarkets, I took the opportunity to increase my position in XMY. This is my favorite coin on the market, with increased marketing and exposure this will rocket. XMY is at the bottom of the downtrend, with a bottom at about 160sats. May be a good opportunity to add some more if you are interested in mooning!
Segwit is being activated for Myriad today with a great ascending triangle pattern! Very bullish on chart and prospect for this coin!