Today's focus: USDJPY Pattern – Consolidation (Bullish?) Support – 149.84 Resistance – 150.81, 151.745 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart. Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important...
Today's focus: EURUSD Pattern – Continuation (Bullish) Support – 1.0794 Resistance – 1.0855, 1.0896 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart. Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we...
CME_MINI:NQU2023 - PR High: 15049.25 - PR Low: 15024.00 - NZ Spread: 56.25 Powell set to testify again at B-period. Economic Events: 08:30 – Initial Jobless Claims 10:00 – Existing Home Sales - Fed Chair Powell Testifies 11:00 – Crude Oil Inventories Strong inventory drop during Wednesday's session - Finally showing retracement on daily print - No...
CME_MINI:NQU2023 - PR High: 15256.00 - PR Low: 15238.75 - NZ Spread: 38.75 Powell set to speak at B-period - 10:00 – Fed Chair Powell Testifies Tuesday session traded in wide range - High volatility during morning session - Closed practically unchanged Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Open ATR: 222.16 - Volume: 16K - Open Int:...
OANDA:USDJPY Of course the DXY dollar index bias is to the downside, thanks to our friend Chair Powell. And so comes USD/JPY to follow. Took a short on pure price action, leading the indicators, and wanted that quick 10 pip scalp heading into the 8:30am est (UTC-5) mark. Got a pump in my direction on both the DXY and the USD/JPY Trade management Trade...
CME_MINI:NQH2023 - PR High: 12334.75 - PR Low: 12312.50 - NZ Spread: 49.75 Evening Stats (As of 12:05 AM) - Weekend Gap: -0.14% (closed) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 246.87 - Volume: 22K - Open Int: 257K - Trend Grade: Bear - From ATH: -26.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12959 - Mid:...
CME_MINI:NQZ2022 - PR High: 11522.00 - PR Low: 11497.75 - NZ Spread: 54.25 Evening Stats (As of 12:15 AM) - Weekend Gap: -0.46% (filled) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 283.97 - Volume: 16K - Open Int: 248K - Trend Grade: Bear - From ATH: -31.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid:...
Since we reached 69k, the price seems to be under a small downtrend. I know this doesn't change the bullish tendency. It feels like Mr. Jerome Powell's speech has been translated into a slow down for BTC, and it couldn't jet find his way out and get back to that comfortable 60k again. I HOPE we see that ASAP. I would love to see BTC get close to the MA50 and on...