xenofinance

xenofinance

Hello Traders!!! Interesting markets we have seen after the FOMC minutes and briefing. As we have anticipated a bearish trend based on structure, we also had an eye on the fundamentals to be sure we are trading in the right direction. for weeks to come we could be indefinitely bearish on the US economy ad this is why. Inflation : is blazing in the US...

xenofinance

The dollar remained in a range on Monday as we have seen for a couple of days now. As markets prepare for major events later in the week, my bias is 65% bearish as at the time of writing this review. Upcoming events to look out for: The Federal Open Market Committee's two-day policy setting meeting, which begins on Tuesday, and concludes with Wednesday's...

xenofinance

Gold looks like it waiting for a catalyst to break below. We have consistently made lower highs. Let's keep watching. The potential to move higher also strong. The relentless buyers!!!.

xenofinance

We have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart. Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the...

xenofinance

On the daily chart we clearly see the break and retest of the minor trend line. Also, we can see the “SL hunting” by market movers. However, we still see the clear impulse correction and then we (I) are still expecting to see the second phase of impulse to create the lower low. We can also see the retest of the orange long-term trend line and we have rejected...

xenofinance

Gold has now broken below the 200 EMA and significantly pushed out from the minor trendline. the ultimate short term goal could be to flush gently till we reach 1761.30. Be mindful of US news however, the DXY also looking good to back the push we are seeing for the USD. I will be looking for a push back to a significant order block to take a sell on a lower...

xenofinance

Next week, the 3US will report some kind of important economic news that is not as heavy as this week was. However, these news are major events that could define the direction of the dollar till the end of the month. Next week's report includes US Home Sales, building permit change and most importantly for the week for me is the Initial #Jobless Claim. My...