USD/JPY has delivered a decent trend for bulls so far this year, having risen 14% since the January low. Yet we have been fully aware that net-short exposure to yen futures has approached a historical extreme as USD/JPT prices rose towards 145. Incidentally, 145 was the upper range of the liquidity gap we mentioned in a previous article which has now been...
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
we have a nice breaker block in the eurusd and we also have great selling sentiment hope we can sell this setup on confirmation best of luck
we have great strong move to the downside and we also have great risk to reward ration in this trade if the sentiment goes according to our analysis we can just take a trade on candlestick rejection alone best of luck
market sentiment is for the selling side so we just have to see the best selling area to join the trend so we have a great FVG area and M15 DBD but still we need a confirmation of any kind like candle or structure based
gbpusd area on 1.12096 will work as supply to continue to short this pair as we can see market is rejected by the daily supply area and sentiment is also turn to selling let's wait for the confirmation of any kind to sell this area
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...