I entered short at 0.753 with sl above 0.763 There is going to be lots of headwind against AUD. I'm still in trade end added additional position at 0.7597 stops have to go above 0.763 I'm risking 3% of my trading acc if it goes wrong it can, price is in uptrend + few institutional players.
Demand for oil is going to be lower with additional lockdowns. In risk-off scenario, USD will rally. I entered short at 48 (pullback) sl above 49.
I entered short at 0.753 with sl above 0.763 There is going to be lots of headwind against AUD
I think we are going to have risk-off environment for the next 2 months. Stops have to go minimum above 13333 I entered short trade at 13250 sl. 13450
NZD/USD has slightly overshot its PPP implied exchange rate and the RSI(14) is at yearly highs (so is the price as well). I expect at least a small correction as traders wait for more economic data to justify a further move to the upside as this is a riskier asset. Disclaimer: As always, I am not your financial advisor.
Solid technical setup for a sell on $AUDUSD. Would perform well if risk gets sold into year end.
Same description as previous - as it still stands. We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily. Trade 1 has been taken, Trade 2 - un-activated - as price may attempt to settle around 72. XX Upcoming We will share our new analysis for DAX30...
Here it is, up cluse and personal. This is the Put/Call Ratio 14 day RSI. - A highly reliable indicator of 93.8% accuracy. Dump ALL risk assets - including the highly correlated Precious Metals!! - here! The raw PCCE Here is the VIX ... and the FAANGs ... and the AUDUSD ... and the USD (DXY) ... and Gold Just how many more clues does one really...
Price has made a clear break & retest of the rising wedge formation, leading with a bearish engulfing breaking through support. Watching for a slight retracement to start the week, for then price to continue making its way lower.
TVC:NDX All three confirmations for price to correct below neckline of "incined" Head and Shoulders -- Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer RSI nearing overbought 65 to 70 -- also on Right Shoulder The riots and unprecedented uncertainty concerning many national elections from NZ to USA...
Risk off thru most of October, as long as we don't get back above the multi-month trendline, we should break down thru Ichimoku Cloud and hit oversold RSI of 30 over next 5 trading days. SL -- 0.6635 TP1 -- 0.6420 TP2 -- 0.6250
INDEX:DXY Update for DXY...After "No Stimulus 'til after Election" triggers market to buy $Index(DXY). Previously, as linked ideas, I had called for a DXY bounce at beginning of September. DXY proceeded to bounce from its 2011 Long Term upwards trendline, retracing to the 23.6% Fibonacci level($94.40) of the March to September drawdown. From there I forecasted...
Looks like bond yields have gone risk on but the stock market hasn't caught onto this quiet yet. Heavy resistance incoming, break .79 and the bulls will party
We have Risk-off sentiment in today's markets as Trump catches Covid-19 If stocks continue to decline, we have a strong bias to sell AUD/JPY, AUD/USD, NOK/JPY, CAD/JPY RUB/JPY
Key spot for FX:EURUSD right now. 1.17 and watch out for risk-off move in all assets being started on dollar strength.
Price this previous week has made a nice correction that was overdue.. Price reached the bottom of the ascending channel, & rejected off structure support (Green zone). Unless that region is broken, I will remain bullish on this pair & will be looking for price to move towards the top of the channel once again.