lwl99

lwl99

Fundamentals: NZD hiked rates by 50 basis points but surprisingly the language used was dovish. Increasing mortgage rates, softening property market and Reserve Bank behind the inflation curve are all weighing down on the Kiwi, possibly the reason behind why NZD sold off this week. Currently maintaining a negative directional bias short term especially if data...

lwl99

The US dollar index still display very strong fundamentals, with an aggressive rate hike as we could see multiple 50 basis point moves in the Fed meetings this year, starting next month. Market expectations are currently being priced in slightly lower than three 50 basis point hikes starting in the May meeting. Additionally, FOMC has started discussions on the...

lwl99 Updated 

With the bullish momentum on DXY and strength of the US dollar, fundamentally expecting the start of a sell-off for gold. Technically, price action seems to support the idea of capital outflow for gold as there is a recent change of character (ChoCH) followed by confirmation with a break of structure (BOS). Looking to sell XAUUSD on the following unmitigated...

lwl99

Following recent strong bullish momentum in GBPUSD, I'm targeting a small retracement into a 5 min order block (OB) for possible buys, with take profit (TP) targeting the earlier imbalance marked up.

lwl99

A change of character (ChoCH) followed by a break of structure (BOS) to the downside on the 1H suggest trend might have turnt bearish, equal high might get taken out pushing price towards the 1H point of interest (POI) before continuing the move to the downside towards the marked out unmitigated 4H POI below.

lwl99

EURUSD to continue bearish however presents short-term buy opportunity. Fundamentally, the EURO continues negative outlook especially based on last week’s central bank meetings. While the US dollar is overall positive, data released this week showing higher inflation and unemployment dropping, along with good employment numbers. However, from technical...

lwl99

BTC seems to be similar to NAS100 in recent price action and follows starting a bearish trend in the short term.

lwl99

NAS100 seems to be following very clean bearish orderflow.