Captain_Potiphar

Captain_Potiphar

DXY is Bullish and this means that it will be very expensive for investors to buy USA Stocks.Therefore, US30 is expected to be Bearish based on the Dollar index Analysis And Positive USA CPI Data. 4H Technical Analysis shows a Bearish order block that formed and price consequently closed blow the 4H Be OB.A rally towards this order block is taken as a retest and...

Captain_Potiphar

price is currently on a supply zone with liquidity at 1920.the 4h candestick that follows should engulf the previous one and the ones that follow should close below the base of the 4h bearish order block

Captain_Potiphar

in subsequent speeches, Federal Reserve Chair Jerome Powell noted that two more rate hikes are likely necessary this year. These hikes would allow the central bank to bring the inflation rate down to the current 2% target. the CME FedWatch tool is suggesting an 88.7% chance of the Fed raising interest rates by 25 basis points (bps) during the next meeting set to...

Captain_Potiphar

UK GDP Was Negative On The Sterling While The USA GDP Grew Within The Same WEEK And FOMC MINUTES Showed A Positive Outlook For THE USD With At least Two Posible Rate Hikes Before December 2023

Captain_Potiphar

***San Francisco Fed Bank President Mary Daly said in an interview with Reuters that two more rate hikes this year is a "very reasonable" projection ***Carol Kong, a currency strategist at Commonwealth Bank of Australia, said the global economy would likely continue to deteriorate amid the aggressive monetary tightening in major economies. That "will underpin...

Captain_Potiphar Updated 

if Price gets to the 1h BU OB we might have an entry for a continuation trend.Price needs to close above the 1h bullish order block as confirmation then we need a CHoC on 15m or 30m.Price is likely to Rally towards the 2H BE OB within the 1D BE OB because it remains unmitigated and might form a double top on 1D or possibly break the 1D Bearish order block.Future...

Captain_Potiphar

Strong USD Fundamentals ***San Francisco Fed Bank President Mary Daly said in an interview with Reuters that two more rate hikes this year is a "very reasonable" projection ***Carol Kong, a currency strategist at Commonwealth Bank of Australia, said the global economy would likely continue to deteriorate amid the aggressive monetary tightening in major...

Captain_Potiphar

Price has broken the previous 4H supply zone and is expected to rally towards the next 4H supply zone,Before that price may drop to lower bullish order blocks before a big uptrend

Captain_Potiphar

Price has Reacted to a Support level and likely to Drop as it reaches the Resistance level.as it reacts to the Resistance level it might form a Right Shoulder then Drop to the Demand Zone

Captain_Potiphar

FUNDAMENTALLY- CORE PPI,PPI,INITIAL JOBLESS CLAIMS HAVE WEAKENED THE USD AND ARE LEADING ECONOMIC INDICATORS WHERE RELEASED ON 13/04/23 ARE YET TO REACT. RETAIL SALES INDEX,IMPORT PRICE INDEX,EXPORT PRICE INDEX AND CORE RETAIL SALES WHICH ARE ALL LEADING ECONOMIC INDICATORS WHERE RELEASED ON 14/04/23 AND ALSO WEAKENED THE USD.THESE LEADING ECONOMIC INDICATORS WILL...