Price broke bullish structure (seems more like a pullback to me to get long) into bullish breaker and we saw price move aggressively to the upside. Price is trading in a range now, a swing low and a swing high has been highlighted waiting for a bullish or bearish break of structure.
US Dollar advances to two month peak. US dollar gained traction after the U.S. Federal Reserve struck a hawkish tone on monetary policy. However, In the following next trading days we are likely to see a minor pullback on dollar index before Bullish trend continuation.
US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the...
U.S. Treasury yields were steady on Tuesday ahead of the conclusion of the Federal Reserves two-day meeting on Wednesday, which will be watched for any signals on when the U.S. central bank is likely to begin paring its massive bond purchase program.
Benchmark 10-year yields were little changed on the day at 1.499%. They fell to a three-month low of 1.428% on...
A buying opportunity for NASDAQ
Price broke the bearish movement, so would be looking for a retracement down to the order block....
Please drop a comment if you got a different idea,or got some add ons
The analysis is based off my unique approach to seasonal tendencies when Price is in a Ranging Market. Taking 2020 as the third year if we look back until 2017 you will notice how, during this period, the market has been repeating a pretty noticeable Fractal Pattern. Taking that into account l predicted a significant high to form on the Pound Loonie during First...
That's my long term prediction.
The price will likely go up retesting the order block, where smart money will Sell at Premium Price (right above equilibrium level).
Then the price will drop all the way down closing market structure and probably end up in OB (order Block).
Please comment below and let me know what do you think about it.
Thanks, have a great weekend!
