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Slattsignals

USD INFLATION!FUNDAMENTALS- the ONLY "Major" news we have this week is the USD inflation data on Wednesday 8/11 @ 8:30AM est ... Now we've seen what NFP has done already. Dollar soared because bloomberg revised down the expectations due to a poor ADP, (check 2 post ago), but NFP wasnt bad. Now i can see US inflation CPI data to continue it's trend of coming in WAYYY over expectations! TECHNICALS - 12Hr W on NZD & there's also more room to grow on the DXY. I can see NZD testing the bottom of the range for ANOTHER test then. FUNDAMENTAL SIDENOTE - NZD RAISES RATES NEXT WEEK FROM .10% TO .25% .. SO U MIGHT WANNA REALLY GET RRADY TO BUY IT AFTER THE SELL OFF STOP .693 - I FORGOT TO EDIT THAT PART IN ! :(
by SlattYSL
3
STOP STOP HUNTING!!!THIS IS THE DEFINITION OF A STOP HUNT! we've all seen how the dollar has exploded over the past couple of days but NZD is not giving up without a fight you can see that every time the kiwi goes below .695 on the weekly candle it rushes back up before the week is over. now fundamentally speaking, WE KNOW the RBNZ (New Zealand Central Bank) will be raising rates next month from the current .25%. & WE KNOW THE SMART THING TO DO IS TO PUT OUR MONEY INA STRONG CURRENCY WITH HIGH INTEREST RATES, ESPECIALLY AGAINST LOW ONES JPY( -.10%) CHF(-.75%), & USD (.25),which happens to be all the "SAFE HAVEN" currencies i cannot be the only one looking ahead and seeing the true potential of the KIWI. nzdusd must go to .7315 (400+ PIPS) nzdchf must go to .662 (250+ PIPS) nzdjpy MUST GO TO 83.9 (800+ PIPS)
Long
by SlattYSL
3
TAPER TANTRUMFundamentally speaking, WHY are we short on CAD? So what if they revised their gbp down for this year. the following 2 has been revised up and the tapering has continued, something the us cannot seem to do. so im going to buy the new and sell this rumor! the real news is cad is going to continue to taper and we cannot seem to stop spending. technically speaking .. 6 hour and 12 hour harmonic patterns. first the 12hr pattern went from entry(D) to TP1(B) & is now re testing that entry level again in my eye for further downside continuation. Target levels in blue
Short
by SlattYSL
2
Hello, EU bulls!!is it time? time for what u may ask... TIME TO LONG EU!!!! In 2021, usd has fell to multiyear lows against aud, cad, gbp, & nzd. Euro, along with ch& jpy, has been lagging TREMENDOUSLY .. & now with the dollar pairs at support across the board and euro showing signs of life in other pairs i truly believe we can see 1.23 again and THE JOURNEY BEGINGS HERE ENTRY 1.1845 TP1 - 1.188 TP2 - 1.199 ULTIMATE GOAL 1.23 & once we touch 1.199 thats all i need to see for another run to the 1.20's price again lol i accept coins and cashapp $bakedbenji :)
by SlattYSL
eur/usd BULLISH 8hr harmonic M Classic M pattern on eu. Although it looks like a H&S on a larger time frame. i believe it has found support. on a fundamental side, i dont believe this nfp week will be good. employment isnt where it needs to be, biden has rejected the GOP $618B stimulus package. Democrats are taking their first votes Tuesday toward passing a $1.9 trillion coronavirus bill, potentially without Republican support. President Joe Biden met with GOP senators, who are offering a roughly $600 billion proposal. (we know he declined it) The budget resolution Democrats put forward would allow them to pass stimulus checks, unemployment benefits, vaccine distribution funds, and state and local government aid. - via CNBC
by SlattYSL
2
EUR CAD BUY 4HR HARMONIC 'M' PATTERN FOUND what im looking for is 1.5527 to find support along a previous inverted H&s neckline(blue) & also the horizontal support of 1.55 my ideal ENTRY would be 1.55 but that may be too late, so anywhere under 1.5527 is good enough for me to continue to avg down my positions with a stop at 1.548 if it came to that point so my ideal entry and tp scenario oes like this stop 1.548 entry 1.55 tp1 - 1.5565 tp2 - 1.565 tp3 - 1.567 if we get to to 1.56 im going to update and let the trade run by itself as i will be looking to take most of my profit off around there
by SlattYSL
1
USD/CAD AVG PRICE (potential SWING buy)only thing im waiting for to truly go long on this pair is the CAD Cash Rate thats coming up here within 4 hours, but 1.2875 is the avg price for usd cad. I've been watching it for days.. the pair has obviously found support but the cash rate is the only thing putting pressure on the cad. That happens at 10AM EST. Oil has dropped, dollar(dxy) has hid a demand zone, those are all the confirmations i need. so Avg entry is 1.2875 (i will be wait for cash rate spike to get in at a lower price) My first take profit is not until 1.292, that is literally 135 pips, im just going to take 40% off and let it run to it's full potential. all of my take profit's are on the chart.... REMEMBER CAD CASH RATE MAY SPIKE THIS DOWN WITHIN THE NEXT 4 HOURS
by SlattYSL
Nov 30- Dec 4th AUD/USD buyonly reason i took this trade : @Outside_The_Box_NZ - please keep holding NU and AU longs @SlattYSL @Outside_The_Box_NZ - so he needs to eat his own damn word by the way im 200+ pips deep into nzdusd Well i posted this last week and was screaming for aud to be bullish going into this week. not being cocky just following the technicals and seeing how they hold as the fundamentals are implemented. If the markets are going to be forward looking so am i. Just over the past 2 weeks i've called eur/jpy for 100+ pips, nzd/jpy for 170+ pips, gbpjpy for 50 pips, aud/jpy for 100 pips, & i literally called this one last week, with no description, just because i saw it setting up.. if you follow me & actually take my trades i just ask that you show me some love on CashApp: $BakedBenji Now on the real, china is recovering faster than the us, and the asia market revolves around china. Especially with biden very fond of china and willing to do plenty of deals with them will only increase the value of Asian currencies. Also this week we have aud gdp and cash rate coming up, but not before the Chinese PMI data. Then focus should switch back to the USD on wednesday as congress votes on some bills and possibly a bipartisan extension bill to keep people from being evicted and for student loan forbearance, maybe stimulus as well. Basically the vote is mainly keep the government funded through the next months, before they take their recess. More important date is Jan 5th, because Georgia run off elections, and we get to see who controls the Senate. Democrats already have the house and presidency, if they get the senate too, GOOD BYE USD. DXY WILL TANK
by SlattYSL
Nov 30-Dec 4 Aud/Jpy Swing Trade (continuation)this is why im long aud jpy, i see a 3day ascending wedge pattern forming, some people move their rend lines because of false break outs but as you can see i never moved my green or red trend lines and i also am buying off of the green trend line just under the red because i cloned that resistance one and brought it down just a little bit because it was a prior resistance in the past if u can see, so i know where im wrong and im minimizing risk. ALSO on the FUNDAMENTAL view of things we have the following upcoming events Mon Nov 30 @ 10:30PM EST AUD : Cash Rate / RBA Rate Statement Tue Dec 1 @ 7:30PM EST AUD : GDP q/q If all goes as expected, we should see massive spikes within the pair. Then let's see how the rest of NFP week plays out. There's also the fact that there is a daily Head and Shoulders pattern close to the neckline & a 3 day also approaching a neckline if you've made it this far, & you've most likely taken my trade before, feel free to show love via CashApp: $BakedBenji
by SlattYSL