Infaltion
EURAUDAfter the correction of the eur/aud and reaching a balance near the support, I expect a reaction to the range and move towards the ceiling of the sideway range.
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GBPJPY: Sterling inflation pressure?!GBPJPY
Intraday - We look to Sell at 167.15 (stop at 168.30)
We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 163.80 and 161.05
Resistance: 168.70 / 172.10 / 181.15
Support: 164.40 / 161.05 / 158
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Hyperinflation coming by 2030 in the US. Can it be true? Who does it benefit? Check out the M2 money supply vs the S&P 500. Clearly, the more that is printed the more assets increase. Owning assets is your best bet of financial survival. The poor will be crushed but being wealthy in that time is not pretty either. This has been talked about for years by people like Robert Kiyosaki, Peter Schiff, Mike Maloney, and so many more. Milton Friedmans Free To Choose on YT has a great explanation about inflation I recommend everyone look at. This chart is monthly and if we are truly looking at a long-term time horizon, it looks clear this trend is not changing. Usually, these don't change until it implodes on a government.
Be watching commodities over the next decade if you are a long-term player. I will be stacking those chips along with crypto in the Defi world and other dividend-paying stocks with cash flow real estate as a backup. This market we are heading into is going to test everyone's asset allocations to the extreme.
#crash #inflation #depression #marketcollapse # hyperinflation
EURUSD Long IdeaEURUSD has just fallen below the key phycological level of 1.131 and is currently trading around the 1.128 area. Today at 7pm GMT the chair of the Fed will speak in the FOMC minutes regarding rate hikes and inflation. A lot of investors believe there will be movement across USD pairs in the run up to the meeting. The current bias is bearish as many believe there is nothing positive that will come out of the Fed today, thus the long Euro Dollar bias. The RSI levels on the daily and 1hr time frame are at very oversold conditions (<10) which indicate that a movement to the upside is possible from these current levels. The target of this trade is located at the 1.312 level, with the stop-loss area located 0.5% below the current level at 1.1223.
Gold (XAU) Sell idea Last week most USD pairs and indices fell in price drastically which resulted in Gold rising past the key 1820 level. However, it appears that the momentum has slowed down for Gold as there has been a failure to reclaim the 1830 level. Because of this and the fact many USD pairs and Indicies have seen some buying activity at their low levels, it might mean that Gold will fall in price as the USD starts to strengthen again. The target of this trade is at the recent resistance level of 1814, proceeding this, 1804 and 1796 are final targets. The stop loss area for this trade is located in the 1827 region.
(XAU) Gold Long ideaSince Gold was able to restest the 1834 level the shiny yellow metal has failed to surpass this area. There was a second rally to this level however the price was only able to reach the 1830 area before correcting. This near 2% correction could lead to lower levels, however due to the volitlyy that Gold has shown in the past, a retest of the $1810 area seems likely. The RSI levels on the 15m, 1hr, and 4hr time frame are all oversold which shows that there is room for XAU to rise from here. The stop-loss area for this trade is located just below the 1787 level, if this break then a short positon is advised.
Gold (XAU) Long IdeaGold finished the year around $1835 area after a decent rally from the $1770 area. After retesting this high there has been a sell-off of 1.81% down to the low $1800 region. As there has been some support formed above $1800 which is a key level, a continuation of this uptrend is likely. The 4hr RSI levels are also in oversold levels too, 17.28, meaning that the price could rise from this point. The target for this long trade is at the $1817 level, the stop-loss is located near the $1785 zone.
EURUSD: Where to next? Two likely scenarios in playCurrently EURUSD is likely to form and complete the inverse head and shoulders pattern. shall the pattern complete and the neckline break, we can expect the price to rise towards the next resistance. However the rally should be short lived, as the acceleration towards the 1.11700 should resume. The current probable inverse head and shoulders is likely just a consolidation up move.
On the other side, shall the pattern fail to complete, the ascending trendline break would likely come in play. shall this trendline break, we can expect the price to aim lower towards the next support. Refer to the main chart for a clear picture.