EURUSD may be used as a liquidity proxy. It has been falling for a long time in a big down channel & Is now bouncing right at the dotted median line. (4Q is historically bullish going into new year specially on midterm election years, where markets bottom in late October) Watch closely if EURUSD will break above parity 1:1 again in a big move. Then most probably...
SSO is a safer 2x leveraged etf of SPX than SPXL. It recently formed slight divergence & a big engulfing candle, probably due to oversold RSI & also short coverings after Thursday’s dump & pump with investors betting massively on both directions triggered by a high CPI report. Prices may return to the neckline (return to mean) next week. Not trading advice
Could be interpreted as a new risk-on sign into last quarter when FED probably stops hiking aggressivly. #midterms #seasonality
Last August 27 I already gave the bearish scenario wherein the FED continues even into a recession. The downsides were 350, 320 & 280 IF SPY breaks below 400 & 380. Today, Friday, SPY seems to be doing an oversold bounce. So let us assume the contrarian role against the market’s extreme pessimism. What if the market sentiment changes & the market suddenly realizes...
DXY D1 With the above being said... 'key global topics' and other comments, we have to understand the market correlation and timeframes... We can take yesterdays D1 close with a pinch of salt, due to inconsistent volume, but lets see where we close after today (hoping support holds). US based FX and commodities look like they want to be correcting somewhat....
Narrative goes like this: We'll call this one #MarketMechanics The plot is very deceiving from the start of the week but not really because I wrote the scripts to this one:) Knowing the real bias is DOWN today we began this trading week going in the right direction. But to give the traders a little plot twist all of a sudden we go LONG at the bottom of our...
SPY lags the high yield.. SPY to moon. More description in upcoming post.
The narrative for next week’s set up goes like this: There is an objective FACT that certain times oof the year the market does certain things. The market has cycles, seasons… just like Winter, Spring, Summer Fall. At these times things change, similar to the Forex Market. The Forex Market Moves based on time contrary to what most teach you that buying and...
HTF weekly chart analysis shows that W3 is likely in at my $109.50 target posted 3-4 weeks ago in my group channel & here on TV as well. The extended 3rd wave is actually structurally perfect. W3 hits the 1.618% fib extension as in most strong bullish momentum charts and forms a bearish hammer top on the weekly showing that the top of wave 3 is likely now in....
Gold H4 Played out exactly as expected after posting yesterdays analysis, would have preferred to see a larger breakout, however, with the DXY break and bullish gold sentiment, I feel this is what we could see today. Eventual targets of $1900/oz. One step at a time, one high at a time...
We are highly likely to see a strong recovery in the New Zealand Dollar Against the U.S Dollar as interest rates in New Zealand continue to rise. Markets expect the Reserve Bank of New Zealand to raise the cash rate to 3.50% by year-end, which will be a premium 0.75% to 1.00% Interest rate over the U.S. This means any investors holding short positions in NZD/USD...
Russian Ruble tumbling leaving bitcoin as the logical choice to move money for Russians and Russia asset holders. Bond yields dropping as speculation points to the Fed and ECB postponing rate hikes in the face of a lengthly conflict in Ukraine. Risk-on is back in the saddle again. Expect to see consolidation around the 21W EMA as Bitcoin caught a...
Stocks vs metals. Love the structure. Risk-on is back? We will probably get an answer tomorrow with the response to the US CPI Data.
A very interesting pair to trade during this ongoing pandemic, certainly USDJPY has caught the eye of many traders as both currencies acting as SAFEHAVEN. However in RISKOFF mood, the advantage certainly lies with the JPY, as the SAFEHAVEN status makes it appreciate against various counterparts such as the AUD, NZD, CAD, EURO, GBP. In the case of USD and CHF, the...
For 2022, many financial banks are predicting the USDJPY to HIT 118.00 level. Tonight the FED guidance path for next year could likely clear the path for USDJPY to move higher next year. Tight tapering and 2 interest rates hikes have already been priced in by the markets in 2022, should the economic data be strong as expected next year on month to month basis, we...
Quick take on CADJPY the most simplest form of analysis you will get no need to over complicate things
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