Russian GOLD sanctioned by G7 Russia is 2nd producer, good for 20% of supply Should drive price higher, helped by DOLLAR weakening Looking for a push to 1875
YEN should find support between 50 and 62 retrace for bullish outlook in the shortterm
Technically GBP looks ready to revisit 1.2500 Dollar is likely to weaken for a while That offers rooms for GBP to advance 1.21 should offer support Drop below 1.21 is an invalidation of the setup
Looking for GBPCAD to gain some strength in the summer 2017 lows have been run, price now back at June month open Like to see a return to 1.65 = 50% retrace
Looks like Dollar made a high while running stops above MAY highs Then an impulse lower Retrace higher to rebalance Expecting next leg lower Looking for buy set ups in Majors while Dollar weakens
- Looking for temporary Dollar weakness in the form of a retrace to below 100. - Followed by next impulse leg up on negative GDP-news - Fundamentally a US recession is looming - US slump will translate to a cooling world-economy - This will trigger risk off and with it Dollar strength - Volume profile shows strength in upmove - After the high volume is falling on...
- Looking for AUDUSD to drop to Monthly Pivot - Filling in imbalance - Followed by an impulse higher to MR2 = 0.75+
- Looking for 1 deviation up from swing lower - 1 deviation up lines out with HTF resistance - Also 35000 big figure - Bullish breaker should offer support - DXY should hit 100 when DOW hits 35000 - If so, look for retrace/reversal
- EURNZD looks bearish - In 2 pushes from 1.6500 to 1.6000 - First push looks very likely - Second push remains to be seen
- Seasonally AUDJPY should be mildly bullish - Looking for AUDJPY to make a 2nd measured move up (AB = CD) - Reaching for 92.50 psych level = Bearish Gap = Bearish Breaker
- GBPJPY has layered stops above the market - Price below 50% level - Looking for a run from 160 to 165
Expecting Dollar to remains weak until June FEDD-meeting. This should translate into strength for the Majors. Looking for sell set up in USDCAD.
Expecting a weaker Dollar up untill June FED-Meeting. This translates into possible buy set ups in the Majors. One of which is GBPUSD Long.
Looks like BTC has not yet found the seasonal bottom. Looking for a measured move to 20.000.
. US100 W1 8-5-22: 1Y RANGE BROKEN LOWER - Fundamentally war, sanctions, inflation will impact stocks negatively - Policy-wise US rate-hikes will impact stocks negatively - Seasonally Indices are supposed to be weak
. BUY WTI H2 8-5-22: MIND THE GAPS - Looking for a push higher into GAP-resistance - Liquidity resting above 115 .
Oil is undervalued. XOM is relatively strong compared to SHELL & BP. XOM did not make a LL while SHELL & BP did. Chevron is strongest and leading the way. End March and April are seasonally bullish months for XOM.