ECONOMICS:JPIRYY (March/2024) The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus. There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
Gold is trading Sideway, but for how long? Between $2280 and $2380, the longer this consolidates The better it is for Gold and the market is now accepting this price. Right now the RSI is at 50ish, so the price is neutral, but it will eventually break out one way or another. Given this long consolidation period and the trend is still up, I suspect it will...
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.
- EUR/USD has been flirting past sessions with broken support trendline, being faced now as resistance . Seems more like a decisive time for EUR/USD to make up its mind and find direction, either gravitated to the upside (1.20) or downside(1.01) Both scenarios attached below Market Structure still intact with the series of Higher Lows and Higher Highs. (Gold...
-Anticipating upcoming week to have some bullishness in price action, looking for Technical Bounce at Trendline Support to long, while remaining opened in Short Positioning regarding Macro and Higher Time Frames. Every bounce may be short-lived, so bear in mind this scenario when looking for your next Short Opportunity on EUR/USD. Maybe you'll enjoy having a...
- We've seen USD/JPY uptrending for what will be the fifth (5) consecutive Weekly Green Candelstick prints. Some cool of may occurr in terms of price action, further due for correction ? Lots of Higher Highs levels as Support from below Looking from the left, a Weekly Supply Zone can be spotted ; (you can refer it as a *W OB). As well coinciding with the fact of...
- Great British Pound seen on a more broader picture of Weekly Time-frame *W (tf) . Flirting with Trendline Resistance that rejected price action on 4 times of interactions previously. Fakeout occurance would be put to stop by 200EMA coming down as Resistance Ceiling for GBP/USD Breakout of Trendline + 200EMA re-testing them as Supports would give much more...
- $USD/CHF has been trading inside a range bound from basically since 2012. Past two months, price action came very close to testing the Lows of printed on January 2021 at 0.87576$ At the current Monthly Candlestick, Price its breaking out from a Falling Wedge (bullish pattern). Its measured move would put $USD/CHF at 0.97$ There sits a great opportunity to Buy...
$USD/CAD seen on *Monthly time-frame Price Action seems to have Broken Structure on *M. However, price still on Strong Supports : - *M mid-range S/R area - Triangle Bottom Area of Support (broken for now) - Support Trendline from Lows More confirmations to come The Week ahead in terms of Price Action for the BoS situation & wether supports will hold...
- Awaiting Change of Character (CHoCH) for $USD/JPY on *W tf (weekly time-frame). Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr) Decent probable Shorting opportunity in case $USD/JPY fails CHoCH. Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect. Pullbacks to at least 20 EMA *W + S/R...
$EUR/USD is exploding today as a result of TVC:DXY plunging hard. Fundamentally speaking , concerning is the fact of Euro-Zone's Recession . TA speaking, $EUR/USD is about to be put on stop of it's impulsive price sky-rocketing due to approaching Resistances such as ; -8HR* OB -Macro Broken Trendline which was firstly support but now found as Resistance. If...
- Eurozone OANDA:EU50EUR is officially in Recession due to two consecutive negative quarters in a row. The Euro-Zone entered a Recession in the first quarter of this year and economists are not optimistic for the coming months. Having said that, its Index OANDA:EU50EUR continues to hold its head up high, but the question is, how much longer will it maintain to...
- Swing Short Trade opportunity for $EUR/USD Short trade within Ascending Triangle, which is a Neutral Pattern that can be broken either to Bulls or Bears. Demand yells for lower $EUR/USD. Even on Volume Profile ; 4Hr* (TF) Stay Sharp ! Until the next one .. TRADE SAFE *** NOTE that this is not Financial Advice Please do your own research and consult...
- It seems TVC:DXY found temporary Support on the Bullish Cross Over in the last Week, by testing it thrice and jumping around. Concerning is the Change of Character (CHoCH) in Wave A of A-B-C correction ; by violating the last Higher High of 103.3 (where fibb is taken). However, this may only be a small issue regarding Higher Time Frames Uptrend. Zones to...
- The Dollar Index TVC:DXY has a very interesting short to mid term time frame ahead regarding its Price Action and Decision Making Time ticking . Currently TVC:DXY is bouncing around a Big Middline S/R area of 100-106 Range. Both 'ANIMALS' have their fair share of Case, while for now, Bulls are more dominant on medium term while Bears have taken total...
Euro has broken down it's giant Weekly Bearish Flag , forming within the pattern an uptrend coming from the lows of 0.95 , dating back in September 2022. Having faced resistance at 200EMA *W (1.10) and printing a Doji at that particular Candlestick , signaling so, an end to the uptrend. A down-trend has been established, momentum of which, broke down the bearish...
Could we be mid-way through a super-cycle in gold? Could we? Judging by the news we are seeing a slow decline in the PetroDollar, which is a fiat currency built on trust and the number of nuclear weapons. This military power is denominated in Dollars, which used to be tracked in gold. Regardless of what the Crypto fanboys call out, there is only one money, and...
Bitcoin will eventually hit $30 billion by the year 2064, according to my estimation. There is an enormous passion behind the blockchain technology. Many laugh, some underestimate and some enter. The ones who enter (for long, not short) will win. If one Bitcoin reaches $30 billion, its market cap will be $400 quadrillion which comes against the total amount of...