See how the week opens. Biden has said at the G7 he wants to repair the damage trump did with trade and the countries around the world.
Sums up the market this week. No idea where it wants to go. Prepare for both scenario's easy 7% either way
So. fundamentally first, the UK is hopefully coming out of lockdown in 12 days. Also, BoE comments are that any QE has finished hence the bullish nature of the pound this week. Technically, classic set up. 3rd TL touch 61.8% fib Daily resistance Bearish MS (LL's and LH's) Also loving the bearish doji rejection candle on the 4hr 5 confluences, for a 1;10 RR.
I mean the entry as well as the trade, be patient
Some very easy % to be had on the break above I think here.
Perfect buying opportunity on Friday but NFP day so no trade. 78.60 great buys
Think GN is very bullish. 1.95 great buying area and so is 1.94 so there's about 9 technicals to breach if price wants to return to the low 1.90's.
Could even play the range here..I think USDCAD has been one of the biggest movers this year most thanks to Oil's brilliant recovery as Canada aren't doing fantastic with Covid. Now it's reached 1.20, I think most are out of sells and just on the side and volume suggests that. Could see this go sideways for a while now.
Said last week and this is why higher timeframes are so important we had a correction on the higher timeframes and now the bullish impulses are coming. Hoping to see Sunday night Asia push it to 13850 and hold there until London volume to get in buys.
Think with the fundamentals we should be looking at buys here. Just needs to break the resistance.
Coming into a strong area of support expect to see a few buyers get in here especially as European countries start to open up. If we do take buys at 1.56800 just watch for rejections at that small area of resistance on the 800ema.
Little more sedated past few weeks on the dxy no crazy moves really. Like I said, below 89.50 we're really bearish and the dollar is in trouble. Above 90.50, could see a bit of dollar buying up to 91.50 but for now just caught in a range in no mans land really.
Crypto's been very weak past few weeks and XRP even with the positives from the SEC cases hasn't boosted price much. Break of the triangle structure should help and clear that short term bearish 61.8% should push to 1.30 short term.
Been in a very strong uptrend since the April low dipped below 1700. Don't really take swings on gold anymore mainly scalps but useful to know higher TF bias and key areas.
Really easy move here. Strong resistance broken, and held. We've created a wick high, expect that to be filled. Gives us a great 1;6RR trade off not a lot of pips so should not take too long either.
Weekly, bullish. Daily, bullish. Don't get me wrong, I would have taken the double top sells, but I fancy longs here especially as NZ has backed the Auzzie's against China. Meanwhile UK fundamentals continue to be strong. Only worry about this trade is a potential liquidity grab at 1.91750.
Would prefer longs as I think price is a bit overstretched here. Any triangular pattern ends with sharp impulsive moves.