GBP – Sterling dropped on Thursday after the Bank of England’s November meeting. The BoE said borrowing costs were likely to go up less than markets expect and warned that the economy was heading for a protracted recession even as it raised rates by the most in three decades. Summarising the meeting, Reuters noted: “The BoE raised Bank rate by 75 basis points...
Gold prices fell to a near two-week low on Thursday amid a rising dollar and U.S. bond yields after the Federal Reserve announced its rate stance, which dashed hopes for a loosening of monetary tightening from December. (Graph 1: Correlation of the dollar index, 10-year government bonds and the gold price) -The dollar index and 10-year Treasury yields...
U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. The U.S. economy will likely need a "restrictive" rate for some time, Federal Reserve Chairman Jerome Powell said...
As we see market were bullish and there was many BOS to the upside But market just shifted to the downside with good momentum Price came to test the last supply zone and reacted from this area Will wait for the bearish movement to be confirmed and go short Feel free to comment with ur thoughts! Peace
As soon as the US Fed shifted into rate increases - traders should have suddenly elevated their protection tactics. The Fed's objective is to beat inflation and remove the easy money mentality. In order to do that, they may have to break consumers, industry, global economics, and the general demand cycle for cars, homes, credit/debt, and more. What happens when...
USD/JPY The technical correction has not been completed, a retest of the 150 zones is needed before the NFP. The trade balance is shifted to the buy zone.
EUR/USD We are waiting for a new attempt to break through the parity zone to remove speculative volumes to buy above 1.0120/50 before the NFP is published. The trade balance is shifted to the shopping zone. ⠀
Prior to the news in a short while, this price action in usdcad is showing high probability of price reversing here. Currently it has taken the Buyside liquidity of the previous day at a standard deviation of 2 from the cbdr, and has shifted bearish on the 15m TF and LTF . Daily price is exactly at a bearish Orderblock. Expecting to see price move from internal to...
multiple harmonic patterns inside of each other that provide the structure for upside indicators bullish with room to run momentum clearly shifting here on oil democrats getting voted out next week liquidity grab from yesterdays biden announcement (you panic sell - they fill their orders and fill them cheap ) trendline breakouts etc add on pullbacks t1 2.4...
Gail have the potential rally to move up after the break of trendline. Its moving in a channel for quite long time. Now testing the important demand zone which is also a psychological level of 85. We can enter into trade after shifting the from bearish environment to bullish environment.
The U.S. dollar slipped from a week-long high against a basket of key industry peers on Tuesday, as financial market moods flared up ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, the fourth such increase in a row. But before the December...
I'm only taking buying opportunities, Buying US30 @ FVG on low time frame after structure has shifted to the upside
I'm only taking buying opportunities, im not in yet but Buying US30 @ FVG on low time frame after structure shifted to the upside😊 I just like going against everyone.
Evening gentlemen, TL;DR: Low weekly Nov 28th, war in Russia, choppy bottom Dec-Jan capital flight from Euro to U.S. ala WW1/WW2. Rally till March at which time all hell breaks loose. Also I'm making slowly beginning to make these charts more legible lol. Summary: This should be an interesting month as November is our strongest target for a low for 2022. Of...
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
Multi Timeframe Analysis Hint: DXY's resurgence is forthcoming. AUDUSD will be smashed. Bearish Narrative: 1. Price will be drawn to the bullish order block at 0.62141 coinciding with the second fibonacci target. Order blocks are magnets for price. 2. Trader's Dynamic Index and MFI signifies bearish momentum 3. Minor bullish Divergences on the 4H will push...
Multi Timeframe Analysis Hint: GBPUSD is testing a bearish order block on 4H. I expect it to breach beyond, grab liquidity from stop losses, then drop and wipe out long traders. Bearish Narrative: 1. Price will be drawn to the bullish order block at 1.097 Order blocks are magnets for price. 2. Trader's Dynamic Index and MFI signifies bearish momentum 3. MFI...