DaveBrascoFX

DaveBrascoFX

The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.” Here I show you my Reading expectations. Pur always...

DaveBrascoFX

The Australian Dollar is holding near its multi-week high early Monday on low volume. Monday, December 27 and Tuesday, December 28 are essentially bank holidays in Australia with the financial markets closed because of Christmas and Boxing Day. There are no major economic reports in the United States either so traders are going to have to rely on risk sentiment...

DaveBrascoFX

If we break above the 1.14 handle, then I think that the Euro goes looking towards 1.15 handle, followed by the 1.16 level. If we break down below the 1.12 handle, then that opens up a move down to the 1.10 level where we have a lot of psychological and structural support. Either way, I think you have to wait for some type of break out to get involved, because...

DaveBrascoFX

The CDC first designated Omicron as a Variant of Concern on December 1, but crude oil bottomed on December 2 when OPEC+ made its output decision.OPEC+ Decision Shifted Momentum to Upside, Not Easing of Omicron Fears So what happened on December 2 to turn crude oil prices higher? OPEC+ agreed to go ahead with oil output increase. It didn’t cave into U.S. pressure...

DaveBrascoFX

At this point, buying small dips might be the way to go going forward, but you need to keep your position size reasonable because of the lack of liquidity for the next 10 sessions or so. With that in mind, be cautious, but I certainly think you should be looking higher at this point.

DaveBrascoFX

How will EURO USD CONTINUE? MY ANALYSIS I AM SHORT ON EURO FUNDAMANTALS TECHINCAL ANALYSIS Keep always on mind: PUT STOP LOSS ORDERS AND... Trends change....

DaveBrascoFX

In one word: ALL. “Price makes news, not the other way around. A market is going to go where a market is going to go.” We all see the same charts, but at the end of the year only 5-10% will increase their capital. Year by year. I tried Turtle Trading System I and II, but it failed over 60% of time. It did not recognize the fake breakouts. So after 20 years of...