Michielfourie89

Michielfourie89

Seel Side liquidity has been taken, NFP great number, Fed still has more work todo

Michielfourie89

On the Daily chart we now have our first impulse that left behind a FVG, Tomorrow is NFP and the 14th of December its CPI. a good read on NFP could be the fuel this even more, a higher CPI read could really fuel this to the upside. Rates in the US will go higher, a 0.50 % hike or 0.75% hike doesn't matter its going higher.

Michielfourie89 Updated 

USDZAR Price is currently at a key institutional level @ R17.00 Price aligns with a weekly Bullish order block and also on the 61.85 retracement that put the price at a discount, Wont be surprized that we start seeing accumulation of longs here. To target R19.33

Michielfourie89

EURUSD has been hammered in 2022, the fed will have a more dovish tone towards the end of the year. Seasonality is driving a Dollar rest at the moment. The last COT report showed a slight long bias on the EUR With no new long being added on the USD. Looking for USD to push down into the Daily OB (Bullish) which aligns into a discount zone for the bulls to push...

Michielfourie89

Analysis market is trending down, Weekly and monthly demand is in play in the short term