GOLD is moving out of consolidation and bid on soft dollar, yields....
AUD/USD broke a weekly level and the focus stays on the downside for the week ahead.
EUR/USD bearish to 9750, 97, 96 while DXY reemerges along with yields.
USD/CAD, FUNDS, seem to be on the verge of a move higher as explained in this video analysis now that it has run down to test 3750 and towards the daily support.
In this start of week analysis, it offers a bearish bias for the gold price that is being pressured following three levels of rising last week. It is sliding out of the bull trend and a pop in US yields could be just the ticket for a blowoff towards 1645. Check the 10-year chart attached below in the update as I forgot to do the analysis in the video....
The horse bolted and eyes are now on 1.3700/20 daily support...
The price has bolted so no entry here, but worth illustrating and noting that thin markets in Asia cannot be ruled out!
GBP/USD climbed the stairs and could be about to go down the escalator as per the following MTF analysis. Please note, the daily chart reached 78.6%, not a 61.8%....I measured it wrong...so that's even more bearish for the open.
The video is a pre-open analysis for the week ahead (Week 1, W1) that highlights key structures on an MTF basis. USD/JPY is stuck in a range following 4 levels of rising and could be on the way to 1998 highs. I am neutral on this for now and I see both bullish and bearish scenarios but I lean with a bias to the downside. We will need to wait and see what the...
This is a follow-up of the series of videos relating to the NZDUSD trade that blew off outside of NY 12 candle window... oh well, you can't win them all...or maybe we can?
As part of the STACEY BURKE TRADING series, I'm offering the community my template of indicators to help you get all set up for analyzing the market structure on any given week, day, or session. You're welcome!
This is part of a series of studying Stacey Burke's methodology and putting it into practice as best as I can as I go through the material, learning and paper trading as I go. This is for my own reference really but would be keen to collaborate with others who also follow his methodology. Anyway, this is NZD/USD ''scalp'' to the downside, trying to apply his...
There is no audio to this analysis, as I manage to destroy my machine over the weekend so using a meanwhile old MAC that does not do the job. Anyway, you should be able to get the analysis from this video by visual representation of the structure on the daily and hourly charts...
EUR/CAD is presenting a potential shorting opportunity from both a swing and scalping perspective. The Tokyo session could be where we see the action for the scalp and London for the swing trade. In this video, we are looking for an entry on a break of 15-min support structure to target the double zeros to the downside.... This is part of an ongoing analysis...
EUR/CAD, to me, is fundamentally bearish as well as technically and this video explains the bias from mostly a technical perspective. I will update the fundamentals in the updates below. Technically, waiting for another 15 min break of 1.3135 on a closing basis to trigger shorts into the market and will then assess things from there. We can approach this from...
I figure that in an inflationary environment, the cad and commodities should outperform ... the euro is trash right now and there is no telling what Europe will make of the moves post the NY session's mega volatility. if I had to pick a currency i would choose the greenback and given the market profile of eur/cad, with the path of least resistance to the downside,...
The following video is taking into account the breakeven positions on Tuesday's sell-off and the trade is going for the money, albeit against the grain. That being said, if the IUS dollar sells off, the euro will spike. Breakeven will be key in this trade if we can get to that...will update this at some point.
The price has broken the support, so the emphasis is on the downside to the target at this juncture...this is part of a series of videos....tracking the progress and price action