The DXY is involved in the resistance of 103.420, and if this resistance is broken, it can have a short-term uptrend up to the range of 105.3. If the resistance of 103.420 is not broken, the DXY can be support in the range of 102.7 and retest the resistance. Considering the bullish guard of the dollar index, we can expect more price reductions in risky assets.
Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
EURUSD is on a downtrend both long term and short term, it may possibly go to test for support at 1.04528, It is wise to sell on Monday also based on the hawkish fed and the carry trade.
TGT is presently selling off as a consequence of a social media retail boycott of sorts which developed after the Bud Lite episode. In the meantime, it had decent earnings despite the impending or present recession. The volume profiles show previously the highest volume of the trading range was $ 155 but now it has fallen to $139. So should a trader...
Whilst this year's 'rally' on the S&P 500 has been mediocre at best, the increase in net-short exposure to S&P futures has been impressive. As of last Tuesday, large speculators pushed their net-short exposure to the futures contract to their most bearish level since late 2007. Yet with prices rising whilst speculators increase bearish exposure, there is a clear...
Strong bullish divergence taking long position Sentiment is 95% After a long ride to make lower Low Low market is toward making Lower High Finger crossed.
Double bottom formed, seems reversal. Buy stop order is placed at 1:1 risk reward 92% sentiments Overall bearish trend but reversal is expected.
An interesting pattern has been forming in the LINK/USD chart – the ABC pattern. As we approach the end of wave C, it's important to pay attention to potential buy setups. As long as we don't break below the $5.90 level, it may be a good opportunity to look for buy setups. The Investor Satisfaction & Price Divergence indicator also reveals a significant...
DXY seems to be consolidating and the correlating pairs including XAUDUSD are showing some bullish sentiments. XAUDUSD completing a bullish flag targeting 2015.00.
btc agine down but why ok just watch ghyfkyujfyukrklgjhde7iotulfuly
Here is my current plan I am implementing. I am in a 30k position on the NZD and I looking at continuing to building until 100k. If I could get into my full position before price breaks above the 0.63 lvl, I think I'll be in a good spot. Since the CPI came out as expected, this might be able to give price a little momentum higher. If price is able to hit the...
Looking like a cup and handle with a possible target of $22.30 Handle still needs to confirm Breakout of the channel still needs to confim Holding a long term position in this one
I came across one of my GBP/CAD thoughts and and saw a pattern that was screaming at me. I don't think I saw the pattern on Oanda's charts because the data only goes back to 2003 on the Monthly Charts and on FXCM it goes back even further (1976). With his added data it is clear the price is showing an inverse head and shoulders, which adds to the probability of...
Here is my roll up of my R/A There is a decent amount going on in the markets and I am out of all my positions. I will see what is going on and determine what the next steps in my plan are. My current plan has me getting into Silver and building more on SHIB. I think getting into Silver and SHIB right now isn’t a good move. Reason being, I think price on Silver...
After rejecting the main supply and breaking out of a significant ascending trend line, I assume the majority of the market wants to take advantage of some short-term sells. I, however, will be attempting to buy into the seller's liquidity once we get an order block sweep from this demand. I have marked out the buy zone I will be entering from and my initial...
ROKU has an incomplete bottom ahead of its earnings report later this week. The technical patterns don't indicate a bad report, just not a great one. There is some accumulation and a shift of sentiment around the lows of the bottom formation, which are likely to provide support. It is unlikely that this stock would drop further than the Dark Pool Buy Zone unless...
Cycles & sentiment- work in tandem Natural gas now moving into mid-term cycle support
Let's continue to observe the social moods in the world. The main news today is the unrest in Brazil: supporters of former President Jair Bolsonaro stormed the Congress, the Supreme Court and the Presidential Palace. They are protesting against the election of Luis Inacio Lula da Silva as president, calling for a coup d'état, the annulment of elections and the...