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DXY Forecast After Fed Chair Powell Testifies | 8th March 2023Fundamental Backdrop 1. Fed Chair Powell spoke last night 2. He opened the door to higher and possibly faster rate increases 3. This will strengthen the DXY Technical Confluences 1. Price has broke above the 105 level 2. Next resistance at 107 round number Idea With Fed Chair Powell's comments being hawkish, expect the DXY to continue heading towards the next resistance at 107 round number. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
DXY Forecast before Fed Chair Powell Testifies | 7th March 2023Fundamental Backdrop 1. Fed Chair Powell will be speaking later on at 11pm SGT, which could cause more volatility in the index. 2. Will update more after his speech. Technical Confluences 1. Price has reversed from a bullish to a bearish trend . 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term support level at 103.750 4. Near term resistance level at 104.600 Idea If Fed Chair Powell's comments are hawkish, expect the DXY to trade back up to retest the resistance level at 104.600. Alternatively, price could head back down to retest the support level at 103.750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXY
by OlympusLab
USDCAD Potential Forecast Post-Ivey PMI | 7th March 2023Fundamental Backdrop 1. The Ivey PMI which is a leading indicator of economic health released dropping from 60.1 to 51.6. 2. This indicates that the industry is contracting. 3. Showing a decrease in business activity and confidence in the Canadian economy. Technical Confluences 1. Price recently bounced off the 1.35700 support level which coincides with the 23.6% Fibonacci line. 2. Near term resistance at 1.36800 Idea With the Ivey PMI result released worst than previous, expect price to head towards the near term resistance at 1.36800 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
1
AUDUSD Potential Forecast Pre-Cash Rate | 7th March 2023Fundamental Backdrop 1. The Trade Balance dropped from 12.99B to 11.69B, this shows that export demand dropped which creates a greater demand for foreign currency, weakening the AUD. 2. AUD's Cash Rate is going to be released at 11.30am SGT 3. Based on previous data we saw a roughly 30 - 50 pip drop within the day. 4. Expecting the AUD to drop later on towards the support at 0.67000 Technical Confluences 1. Price is currently in a strong bearish trend. 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term strong support level at 0.66500 Idea Expecting the AUD to drop towards the support at 0.67000. If price manages to break below that support level, we could see price head towards the near term strong support level at 0.66500. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
2
USDCHF Potential Forecast Pre-CPI | 6th March 2023Fundamental Backdrop 1. CHF's CPI is going to be released at 3.30pm SGT. 2. The CPI accounts for a majority of overall inflation 3. This affects The Swiss National Bank's decision on raising or lowering interest rates 3. Will update more when the CPI is released Technical Confluences 1. Price is currently heading towards the support at 0.93500 which coincides with the 23.6% Fibonacci line Idea If the CPI released is worse than expected/previous, expect CHF to drop towards the support at 0.93500 which coincides with the 23.6% Fibonacci line. Alternatively, if the CPI is better, price could head back up towards the resistance at 0.94000 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
by OlympusLab
3
USDCAD Potential Forecast Pre-Ivey PMI | 6th March 2023Fundamental Backdrop 1. The Ivey PMI is going to be released at 11pm SGT 2. It's a leading indicator of economic health 3. The result is expected to be worst than previous, weakening CAD Technical Confluences 1. Price recently bounced off the 1.35700 support level which coincides with the 23.6% Fibonacci line. Idea If the Ivey PMI result released is worst than previous, expect price to head towards the resistance at 1.36850. Alternatively, price could head back down towards the 1.35700 support level coincides with the 23.6% Fibonacci line. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
1
DXY Potential Forecast | 3rd March 2023Fundamental Backdrop 1. US Unemployment Claims were better than previous from 192k to 190k. 2. Unemployment dropped which showed that the the labor-market is improving . 3. Overall economic health is improving. Technical Confluences 1. Price bounced off the key H4 support level at 104.500. 2. Near term resistance at 105.100 3. Key Daily resistance at 105.600 Idea Expecting price to break above the near term resistance at 105.100, before possibly heading towards the key daily resistance at 105.600 area. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
1
DXY Potential Forecast | 2nd March 2023Fundamental Backdrop 1. US ISM Manufacturing PMI was better than previous from 47.4 to 47.7, which shows that the economic health is improving. Technical Confluences 1. Price currently resting along a key H4 support level at 104.500. Idea Expecting price to head towards the intermediate resistance level at 104.850 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYLong
by OlympusLab
AUDUSD Potential Forecast | 2nd March 2023Fundamental Backdrop 1. AUD CPI decreased from previous 8.4% to 7.4%, this shows that inflation is decreasing which could lead the Reserve Bank of Australia to reduce interest rates, weakening the AUD. 2. AUD's GDP q/q decreased from 0.7% to 0.5% which shows that the economic activity and economy health are decreasing. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish . 2. Price is on a bearish trend , forming lower lows and lower highs. 3. Price could potentially retrace to the H4 resistance level at 0.678. 4. Anticipating price to retest the weekly support level at 0.662. 5. Price has already broken multiple structures to the downside. 6. Price is resting below the ichimoku cloud , signifying bearish intent. Idea Price has already retested the H1 resistance at 0.67800. Looking for shorts towards the 0.66400 support area. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
EURUSD potential Forecast | Tuesday 21st February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023. Recap on yesterday 20th Feb Monday There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI. Idea I'm expecting price to possibly head towards the overlap resistance at 1.07084, which is in line with the 50% Fibonacci ratio. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
Long
by DogeStonks
1
EURUSD potential Forecast | Monday 20th February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 20th, 2023. Fundamentals Recap on last week In January, prices for food, energy, and housing in the US went up, causing inflation to rise by 0.5% and a 6.4% increase compared to the previous year. In February, the NY Fed's manufacturing survey showed some improvement. Retail sales in January beat expectations with a 3% increase and a 6.1% increase compared to the same period last year. Wholesale prices went up due to higher energy prices, suggesting inflation is still present despite a strong job market. Idea With price reacting strongly off the Bearish Daily OB at 1.07880, I expect price to possibly continue bearish towards the Daily OB below at 1.06044. It's worthy to note that price might head into the 50% Discounted zone first at 1.071 before we can look for shorts. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
Short
by DogeStonks
4
EURUSD Pre-CPI | Tuesday 14th February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 14th, 2023. Idea With price tapping into our previous area where we expected it to go, price is now within the Consequent Encroachment (CE, 50% of FVG). Expecting price to head down to possibly retest the H1 FVG for today before the US CPI release. As marked out on the chart, I have already stated the potential take profit targets for both the good and CPI data release. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
by DogeStonks
1
EURUSD potential Forecast | Monday 13th February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 13th, 2023. Fundamentals Recap on last week Fed Chairman Powell's comments impact market, causing shifts in risk appetite and dollar. Market focuses on Fed's reaction to potential recession, not US entering one. Tension over possibility of Fed cutting rates weakens dollar. Federal Reserve Bank of NY President John Williams expects interest rates to increase and policy to remain restrictive for a few years to control inflation, which may reach 2%. The interest rate has been raised by a quarter point to 4.5-4.75% and may continue to increase at the same pace depending on incoming data. Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan. Idea With price causing a BOS, I'm expecting price to likely retest the 1.07115 area where the H1 FVG and relative equal highs are located, indicating liquidity. To add confluence to this area, there is the 61.8% Fibonacci line within the FVG. I then expect price to possibly move towards the 1.05902 area, where the H4 BPR is located. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
Short
by DogeStonks
5
E-Book Gift + TRADABLE VS NON-TRADABLE ORDER BLOCKSABBREVIATIONS & DEFINATIONS ORDER BLOCK OB is a Down/Up Candle at/near Support or Resistance before the move Up/Down, respectively. Down Candle is a Bearish Candle Up Candle is a Bullish Candle Bullish Order Block is Down candle at/near Support level, before the move up Bearish Order Block is Up Candle at/near the Resistance level, before the move down IMBALANCE This is Insufficient Trading in the market. Sometimes called Liquidity Void . When there is insufficient trading in the market, the price often comes back to fill out the orders that were left. Imbalance is created by 2-3 or more Extended Range Candles ERC candle often closes at 80% of the candle range Assumptions; When the Market Maker want to move price up at a certain level, it is assumed that, there should be enough sell orders to pair their buy orders with (this is how they make profit). So, when the MM moves away from a given level with strength and magnitude, leaving behind a LV (IMB), we can use this to assume that sell orders that were available at that level were not enough to pair with their Buy Orders. Therefore, the MM will, often, come back at this level for mitigation MITIGATION Mitigation means; to reduce risk. When the MM moves price away from a level with strength and magnitude, say they are buying; it is assumed that this is used to entice retail traders to join the move. And because most retail traders are price chasers, they join the ride with their Stop Loses set. This is the reason (assumed) that the MM will come back to clear retail traders SL. When their (Retail Traders) SL are hit, they are knocked out of the move, hence MM mitigating their risk (THEY WILL RESUME THE INITIAL TREND HENCE MOVING ALONE). you can download that E-book from below URL
Education
by HoneyCreateMoney