Below you can see 4 indicators pointing out that BTC is currently overbought. Take a look at my previous post to see what indicators I use and what they mean. At this point we will have to see how the market responds to BTC being overbought. What happens often, is many traders use this as an indicator to sell. That is why we need to keep a close eye on the...
Strengthening of bond yield spreads in favor of CAD bonds and bearish seasonal outlook provides a strong case for shorting the pair. Market sentiments still lags this set up.
From now on I'm going to be leaving my bias out of these posts as I wouldn't want to corrupt anyone else's bias. With that being said, I'm going to let this chart that I made for your review speak for itself. I will say one thing tho. If I had seen this setup before close on 7/10 I would've swung calls into today. Possible scenarios: (Trade with caution) ...
This is the last of a 3-part US Outlook Analysis. The current post shows different mood indicators and all of them indicate the mood as negative. Top left is the Price/Sales Ratio of SP500 in a decreasing path that should trend to the most probable target at around 1.70. Bottom left is the Market Cap as a % of GDP and which is decreasing since 2018. Middle top is...
Currently, the Coronavirus growth have resulted in one of the steepest negative correlations ever seen for a variety of different things. I comparatively looked at: the SPDR S&P 500 ETF Trust, the VANGUARD MALVER/SHORT-TERM INFLATION, S&P Global Inc's stock price, the Dow Jones Industrial Average, and an Oil Gas Index and seen steep downward spirals, as well as a...
China commerce ministry says production of auto, auto parts have fully resumed. China continues the narrative that they are back up and running. It should lift off some pain from the market and we probably have some retracement upward if market players are optimistic.
We have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the...
Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
I don't need to explain all this time why I am even shorting this as we all mostly knew what happen lately in DXY and EURUSD. King ain't seating still which let me think this trade might have some chances. After all pound and euro were never bullish market talking about the broad picture.
China is to start buying oil for state reserves after a sharp drop in prices. Same cases as I mentioned earlier in WTI OIL.
Knowing the fact weaker EURO losing against the dollar overall and it's even performing low against swiss. I see bearish market in this minor pair as well. Technically price inside a descending channel and I assume if EURO gonna end up losing strength continuously against dollar then bear will obviously weigh on this minor pair as well which will continue the...
Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which...
China commerce ministry says production of auto, auto parts have fully resumed! This is china's way of saying that they have defeated the virus and we have moved on, so expect that to be reflected in the data.
VIX, might spike back to its old highs as I don't think investors are still optimistic about betting over high yield assets!
Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't...
I feel like this pair has some room upward and I have checked it on multiple time frame where it's only pointing me out that there is still some room upward. I am well aware of this major pair broad picture and it's trying to shift trend on higher resolution from bullish to bearish (knowing the fact it's overall bearish trend for higher time frame due to some...
Yen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in...
Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind...