Please see my previous post on GBPCAD for fundamental factors and macros. On the weekly chart, we see a complete wyckoff accumulation with Spring. Last time I found this chart was the golf super rally of last year. Let's ride
UK Bullish Factors : 1. Political Stability -> boost investor confidence 2. UK is less exposed to trade tensions 3. Economic data has been solid as of late 4. UK-US Trade deal 5. Increase in COT data CAD Bearish Factors : 1. Trade uncertainty with the US 2. Weak growth Technicals : 1. Reverse Head and Shoulder pattern 2. Price above all 4 MAs 3. Pair has...
We would be in the last phase of a huge accumulation. Fundamentals : USD bond-selling, trade war, loss of USD exceptionalism, etc.
If you follow the news you know why this makes sense... - Safe-Haven Yen inflow - US recession - Tariff Uncertainty - BoJ rate hike Technicals aligned are out of this world Let's ride
Long Setup on EURCHF Fundamentals : 1. Eurozone Growth 2. Rate differential 3. Central Bank divergence 4. Possible Peace between Russia-Ukraine Technicals : 1. Cup & Handle pattern 2. Golden Cross
Reverse H&S.... USD falling .... tariff threats .... trade war ... Ukraine-Russia ... Watch out for initial jobless claims tomorrow and NFP Friday, target 3100
End of a cycle, price is creating a HS pattern and with lawsuits on the way we might see a dump....
CAD likely to be hit as a funding currency for carry trades AUD will be the strongest currency because they just started cutting rates Technical side : - broken descending trend-line - breakout of accumulation zone - golden cross with retest - overall bullish market waiting to resume BEWARE OF TARIFF HEADLINES AS IT CAN DUMB THE AUD IN A MINUTE
On a macro perspective we have the same view on the Eurozone : weak growth, neutral rates, lower inflation, etc. The EURO is an unattractive currency and is unlikely to find new buyers in 2025 at least until H2. On the technical side of things this trade is remarquable : 1. Head and Shoulder pattern 2. Death cross + retest of 50 MA 3. 4 touches of 155-156 area...
The EUR/CHF pair has rallied significantly due to stronger Eurozone CPI data. However, it’s tough to see the pair continuing higher in the near future for several reasons. The European Central Bank (ECB) is likely to implement another round of rate cuts in March, which will weigh on the euro. Additionally, weak economic growth in the Eurozone and the ongoing...
textbook wyckoff, outlows in ETH are posting record numbers... big drop incoming
Macro : - Inflows into USD investment resulting in USDJPY rally should boost the NIKKEI and vice versa - Equities have rallied accros the board, NIKKEI should follow Technicals : - Reverse H&S pattern - Price broke through 50-100-200-400 MAs on daily timeframe - 46k target
ETF are about to be approuved. Price will rocket to 4k... Buy the rumour sell the fact...
MACRO : - rate differential : Australia is now widely expected to be the last central bank to cut interest rates and may even hike if trimmed mean CPI comes in higher than 1.1%. Meanwhile, the USD is preparing for a September rate cut as the labour market is showing signs of cooling down. FX : - vast majority of retail traders are long on AUDUSD Technical :...
UK Inflation and BoE decision will offer a 1-2 punch to the pound. I believe USD strength will re-kick in as USD takes the back seat amid a risk-on market. Trade on breakout.
Higher for longer rates making it difficult to raise the index even as NASDAQ and SP500 are shooting up. Apple's recent bull run has proven quite powerful, yet it hasn't been felt on the DJ. On the technical side we have a beautiful H&S pattern. Looking to see if it'll play out.
MACRO : - ECB cut rate last week and eventhough they were quite hawkish about it. I don't believe it can sustain EURUSD at its peak. - The FED is projected to keep the rate unchanged and the recent NFP number is proving that the labour market is still very strong. - EURUSD should fall accordingly. TECHNICAL : - We are in the LPOS phase of a Wyckoff....
Price has finished a wyckoff distribution and we are waiting for another leg south. Price is also forming a Head and Shoulder if you look at it. I am expecting price to pullback to 1.26 ish before we reach higher highs.