History and Introduction Everyone in the market today remembers broadly the financial response to C19. It We see it every time that we look at the price chart and we see the spike down and the V recovery. What a lot of people may not remember is the investigation into SoftBank for essentially causing a short squeeze by use of call options and gamma hedging. ...
Macro Monday 17 The Dow Theory Confirms Bear Market Today’s post may be thee most important Macro Monday of 2023 as it may be a key moment where we received technical confirmation of a change to a bear trend. What’s Got Me Rustled? Manuel Blay, the lead economist and editor from the Dow Theory has recently confirmed an S&P500 bear trend change to his...
GBPCAD is in bearish trend and printing LH and LL. There is no divergence on 1H timeframe at the moment. Oil prices are also on the rise which will probably strengthen CAD resulting in further bearish trend. Sellers will be in control once support level of 1.66593 is broken. It will get retested and then hopefully, will go further down to 1.66067.
EURCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.9690.
Wondering ... FOMC and ECB near future decisions of interest rate. USA has more likely to see continue of rising inflations due to strong economic announcements. fed has to stop it by raising interest rate higher again. Balance between slowing economy vs unemployed ..Slow will help gas price to come down... E.U... showing slowing of economy...Germany , Italy...
NZDJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs, seems good buying opportunity. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high...
SKLUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.02450
BNBUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 220.
KASUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.05200.
API3USDT has started new bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 1.12
Pound was making lower highs and lower lows. Previously GBP rejected from the Resistance x3 times and continue pushing down. Scenarios: 1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend. 2- Buying above the top Resistance or Reversal in Trend. Note: Trade...
Based on the Dow Theory, it seems prudent to consider the sale of GBPUSD as the current trend appears to be bearish without any divergence. This suggests that the value may decrease over time, and thus, a potential opportunity for profit exists.
CELRUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.01210.
XAUUSD is in the making of new bullish trend. As the market is started to print new HHs and HLs after the recent massive selloff. currently the market is retracing a bit after last HH, if the market successfully close above 1948 level you can trade it with buy stop.
AGIXUSDT is in the making of new bullish trend. As the market is started to print new HHs and HLs after the recent massive selloff. currently the market is retracing a bit after last HH, if the market successfully close above 0.1945 level you can trade it with buy stop.
USOIL is trading in bullish parallel channel and printing consistent HHs HLs. Currently the price is retracing to important support zone. As the green candles at support zone indicating the bulls are still alive. If the bullish momentum continues the next target could be 1.3640 region.
GBPJPY is trading in smooth bullish channel and perfectly following Dow Theory by printing consistent HH and HL. We are waiting for the price to print fresh HL which will be nice bullish attempt.
EURCHF - BEARISH - 1H TRADE PLAN Entry Price (Sell Stop) : 0.973360 Stop Loss : 0.975910 TP1 (1:1) : 0.9708 TP2 (1:2) : 0.9683