Recently seen risk aversion in the market with US equities almost 9% off the recent peak (SP), US 10 year yields off the highs from 3.25% as low as 3.11% where there is near term support, Traditional high yielding FX (AUD lower, NZD lower, EUR lower, GBP lower), WTI crude 14% off recent peak and safe haven flows lifting JPY, gold, silver and US bonds.
Much like gold, silver has been beaten down but has now broken the multi month downwards sloping trend line. Market now building a congestion zone and hasnt broken out like gold has... have to wait and see what happens, but a break of the $15 handle is key for silver then look to get long a pullback and trade the market up to $15.50 - $15.60 for 4.5 to 1 returns...
Fundamentally this AUDUSD been down trending due to slowdown in growth in China. Some of the slowdown in China is due to confidence collapsing due to trade tensions with the US, but yet to see any hard evidence of tariffs impacting Chinese companies. Interestingly in Q3, tariffs have boosted Chinese manufacturing and exports as companies front run the effects of...
Recently USTs moved a lot lower as yields continued to push higher on inflation fears and hawkish guidance and communication from Fed. With investors and traders focusing on the 3.5% before any significant correction in stocks.
However with the recent push hitting 3.23%, US stocks plunged sparking global risk off sentiment. As such USTs found support from safe...
Recently took a short off the 114.50 handle on this pair and covered in to the 112.00 handle.
114.50 is a huge resistance area and has capped price since 2017. I do believe that if the US equity market stabilizes around its 200DMA and makes a new ATH, USDJPY will break the 114.00 area.
With US10Y yields rising, US rate differential with JPY at 2.35% and on track...
Heading in to the key EU October summit to be held this Wednesday where Brexit will be discussed. Lots of positive Brexit talk in the last 2 weeks with the EU saying they're prepared to offer a "supercharged Brexit deal" and that "EU are ready to offer a deal" and most recently, German companies (specifically auto sector) putting pressure on the German govt -0.08%...
Dear Trader. My goal is to speculate on the outcome on each week.
So, okey, you should look at my chart, and tell me what you think. Cause I am short on EurUsd, and you can look at my idea, to tell me what you think. Thanks.
I'm relatively new to Forex signals so try not to shoot me down on this one, thanks haha. if i could get some guidance and thought along with this idea of mine.
I've got one main resistance line where the market is currently at, i see it either bouncing off this and taking a deep dive or its going to break though and take a large jump to the next resistance. if i...
There is a possibility for a triple bottom and potential reversal. Let's see how this plays out.
This is not forecast unlike my other charts, just an idea/possibility that has a realistic chance to come to fruition.
People called 4k when we hit 6k bottom and where I bought, people called for 4.8k at 6.45k where I bought, people called for 5k at 6.1k where I...
I looked at the 15min and saw a lot of res but no this is what i see on higher time frame. Moved my stops to break even and will hold.
I don't see anything fundamental that will causing eu to go long again but who knows. News to watch out for today is 10 y bond and the budget (USD data)
2 Resistance lines approach.
Looks like it's forming a head and shoulders. Yet to confirm.
RSI looking like it's going to make Lowe Highs (LH).
Waiting on 2 speeches that could confirm or defer this idea.
If candle closes below previous low and RSI hits the red line. Short idea confirmed.
Risk reward ratio 3/1.