stingotho

stingotho 17 minutes ago

This is linked to my NAS idea where the market is slowly shifting to a Risk-on environment. I see a nice potential for a bullish BTC price action shift. We may have found the bottom for the new bull run. Technical observation: 1. We recently formed a cup and handle. 2. A visible head and shoulder on the cup and handle. 3. Exit on the bearish trend channel with...

stingotho 43 minutes ago

There is a big technical area that has taken the spotlight in NQ and it is around the 50% fib level with a gap opening. US economy has seen some strengthening recently with the FED looking neutral-dovish. A price correction may not even occur here it can keep going up continuously the moment we have a conclusive risk-on environment. Inflation has cooled down...

stingotho an hour ago

The AUD recent data seems more bearish than the NZD recent data. We are seeing strength in the NZD and weakness in the AUD. NZD CPI -> 2.2% from 2.2% AUD CPI -> 2.4% from 2.8% Interest rate forecast Q2: AUD -> 3.85 from 4.1 NZD -> 3.25 from 3.75

stingotho 3 hours ago

The AUD currency has been seeing some weakness and if we look at the inflation it is relatively weakening. The inflation rate in Australia went from 2.8 to 2.4 and the interest rate for AUD is sitting at 4.1. The Pound has seen some love due to raising inflation narrative we are sitting at 3.0 and it is expected to drop to 2.9 with the interest rate sitting at...

stingotho Mar 19

RBNZ looking forward to cut rates to 3.25 meanwhile BOE is looking to HOLD rates at 4.5.

stingotho Mar 19

Although Bank Of Japan held rates and sounded neutral-dovish I think the yen has a potential to strengthen against the USD since the FED is sounding dovish and is looking to cut rates twice this year. I think US economy will strengthen and USD will see some weakness.

stingotho Mar 10

Stocks are very bearish but I think this is a "buy the news" situation since we are having FOMC next week and their decision on interest rate. We are at the 200 MA on the daily but my theory here is we will have some very small correction(s).

stingotho Mar 9

XAUUSD has been seeing a huge massive buy pressure. Gold is an asset that is very tricky to short. When in doubt go long gold. Economically speaking, Gold is notorious for its safe haven status. When economy is struggling and scared, central banks rush towards safe haven assets such as Gold, CHF, JPY and so on. Why do I say the economy is struggling? Well, if...

stingotho Updated  Feb 27

My bias remains the same with CHFJPY I just saw that there was a Rising Wedge on 4h so I took a new short.

stingotho Feb 26

I am long on NQ but with a very small lot size because we have NVIDIA earnings coming up and I don't want to fall a victim to the nasty spike that's about to happen. I am going long on the NQ mainly because US stocks are well known to bounce back up. They are always likely to bounce back up than continue to fall down unless we are entering a recession and we...

stingotho Feb 25

This is a very interesting trade and I took it based of BNP Paribas Research trade they are short on EURAUD and their entry is at this level. However, their stop loss is at 1.6850 feel free to adjust your stop loss if you want to. Their TP is at 1.6100 which is interesting. I entered short here because the fundamentals for EUR is weaker than the AUD. In short,...

stingotho Updated  Feb 24

ETH recently had a major hack incident. I don’t think this will be good for ETH and also I noticed BTC has been slowly declining to the downside. Economy has been shaken recently shifting towards YEN so smart money is probably pulling out of crypto and going towards yen, bonds, and gold.

stingotho Feb 23

A lot is happening recently that it is almost hard to keep up with the market BUT! Recently the EURO has finally got 1 good W. Germany election is in favor to the currency and DAX so I expect things to turn out to be bullish.

stingotho Feb 23

BTC is just like NASDAQ reacting bearish but there is an important catalyst to it which is the hack incident that happened last week. This is bearish to investors because it is a threat for them to keep their money in crypto since they are susceptible for breach. I think if BTC falls below the support at 88,000$ then we could finally see the appropriate price...

stingotho Feb 22

This is a trade I probably missed but if I get any sort of correction or retracement I will be entering long on the GBPNZD. Technical setups are aligned for an upward momentum on the price and when speaking fundamentals the BOE is fighting inflation with a cautious easing unlike RBNZ is on the aggressive easing. I may look at going long GBPCHF aswell.

stingotho Feb 21

Silver is scoring very bullish on Edgefinder tool. Global economy is looking very shaky and people are just scared from many things such as US tariffs. I am just buying SILVER purely based on the fact that the fundamentals are looking good.

stingotho Feb 21

EURGBP is bearish on Edgefinder and the fundamental economic data all point out to a bearish momentum for the EURGBP. The pound has been strengthening and a modest amount of volume is present to short this trade. I am having tight loss on this but optimistic on this trade so far. ECB is looking forward to cut more rates, cautiously though. Meanwhile BOE are...

stingotho Feb 21

CHFJPY is short due to many reasons but the main theme here is Japan is combating inflation (or hypothetically trying to increase their inflation) which strengthens the bond and the YEN. Meanwhile the SNB is cutting rates with their easing policies hence weakening the FRANC strength. CHFJPY is an extremely bearish FX pair and probably most likely pair to fall in...