I am neutral on this pair this week unless the bottom supply zone will be clearly broken and then swiftly rejected for a long, otherwise if the bottom supply zone breaks and there is no bounce, you can instantly sell the pair and it will be a very strong sell signal. Be careful on the longs for the USD/CAD as I could clearly see there is a lot of manipulation...
Pretty simple analysis, seen a few rejections at daily high's and a few strong rejection wicks, worth a scalp trade for the day prior to tomorrow's big day, I wouldn't hold any pairs overnight.
US Dollar and Euro are going to be extremely volatile, due to CPI/PPI/FOMC etc coming through this week, until then expect the pair to trade within the supply boxes marked down. Until Wednesday I will stay away from any USD pairs, any bumps to the upper supply zones, sell, any bottom range zones buy... this is going to be a day traders party this...
Looking at the crypto world, it is still dormant and even with the debt ceiling pump (always happens on news) there has been no change in fundamentals, therefore I am still neutral to bearish on the market overall. This recent pump will trickle down to one of the supply boxes and I am thinking that Crypto will have it's final bull run from July to October and then...
Hi Traders, After today's strong comments from BOJ, it seems that they will not let dollar strengthen against the Yen much further, therefore the safest trade is to the downside. This will be a grinding trade that may take a few days to a week due to overall dollar persistent strength on the market. We have seen a run up top today with a very strong rejections,...
Hi Traders, Here is my simple analysis of the EUR/USD pair. Seeing there is a lot of exhaustion of bears over the last few days and volatility is contracting, which means we are due a pullback, given a positive vibe from the Debt Ceiling deal reached, means more USD to be printed out and therefore the value of the dollar will slightly contract over the next few...
Hello everyone, This a fundamental analysis of the GBP/USD pair. The pair is in small hourly downtrend, after super dovish announcements by the BOE, when it comes to rate raises etc. This week we will see UK's CPI which will solidify the pair's move - hinting downside unless CPI shows up hot again (highly doubtful as the wages/employment is cooling massively in...
Hi Everyone, This is my fundamental/chart analysis for EUR/USD, after seeing last week's data COT report + order blocks being taken out, a temporary bearish trend has emerged, for now until the main fundamentals change (I believe in July) EUR should continue to weaken against US Dollar, that being said, Debt ceiling talks, Ukraine war and overall recession talk...
USD/CHF pair one of the most important lower time frame support zones, had an initial bounce and looking to close above the support zone for buy zone entries. USD will still be strong this week until Debt Ceiling situation is solved, however we can see a lot of volatility on lower time zones, so be very careful when entering
I am looking at shorts only for this pair, Dovish comments from Bailey and Pill + hedge funds going short in large quantities since 2021 shows to me that we can short the pair from the supply boxes shown in the chart. Stop losses above the supply boxes, 1% risk at all times. The UK will struggle to bounce in 2023, and I expect recession to hit the UK economy in Q3 hard.
Looking at the supply zones, the pair will become rangebound until sentiment changes, breaks upper supply box, go long, breaks lower supply box go short, stop loss below/above supply boxes
Simple analysis, great fakeout to suck in buyers and liquidity and now there is a strong sell side on the lower time frames, trade initiated at 2032!
GBPUSD is severely overbought on the smaller time frames, pullback is imminent, however the pullback will be light due to big BOE decision this week that is going to happen. on the 4h chart, GBPUSD is bullish, so be careful in placing large bets on this. 1.255 is my preferred zone to short to, however I will be watching price action over the next 48 hours to make...
The pair has been range bound for multiple days now, some really strong supply zones where the pair is heavily traded bought/sold. From those supply boxes we can see that there is a real battle between bulls and bears. Seeing this weeks Euro data, it shows Euro weakness and heavy recession inbound coming to the zone, and although dollar is weak due to banking...
Hey Everyone, wanted to share my trade idea for today and fundamentals. NFP will tell us the direction of the US Dollar for the next few weeks, so waiting patiently for the news to come through and react to the news accordingly. Do not predict, reacting is the way forward. I have highlighted some interesting supply zones where we could see some resistances for...
Checking the EUR/USD pair and it shows that there is a clear battle going between buyers and sellers, however Institutional and Asset managers increased their long positions to the following: 510,675 +4,716 from previous week This could potentially mean that they are preparing for big uprise after NFP, or a shock on the market is going to happen whereby longs...
Sharing my fundamental analysis of Gold. The metal has been flying this year going up nearly 30% since the YTD low's, now it is in consolidation mode until the next big move. My short term view on Gold is negative, however my medium 5 year plan for the metal is to reach 3000 dollars per OZ, Central banks buying gold at the biggest levels since 80's, asset...
Last week asset manager and institutional funds reduced their long positions for GBP, therefore as following the money flows, the GBP should either consolidate or correct over the next week. there is tons of important data for USD, which will move the markets one way or the other... If GBP breaks Friday's high, go long, if it breaks Friday's low, go short, and go...