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...
JPY dumps whenever there is a strong nfp report and surprisingly is the strong when nfp is bad due to the correlation with US Yields. In my opinion, Jpy gets strong here. I think the best opportunity may be against the CAD. STOP - 88.06 ENTRY - 87.93 TP1 - 87.2 TP2 - 86.9 TP3 - 86.6 then looking for a reversal!
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...
the DOLLAR, YEN, & SWISS FRANC has all extended their strength to start the week but ONCE AGAIN unlike other pairs that have lost their respective support levels against the dollar, NZD SHOWS SIGNS OF STRENGTH. i believe it's ready across the board now.. nzdusd entry .693 stop : .691 TP1 : .7225 TP2 : .728 TP3...
Fundamentally 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...
RELATED TO PREVIOUS IDEA BELOW: right now im seeing multiple things: 1. a daily harmoinc M bat 2. we only were supposed to sell to .695, which is acting as support... or atleast this area is 3. we're at daily, weekly, & monthly support with that being said, i say we see .73's again.. & that move begins now. TARGETS on the chart!
1 hour bat on the euro/usd pair. Also a 1 hour bat on dxy. Entry 1.1860’s Stop 1.1875 Target 1.1783 but I expect 1.178
IT'S FOMC DAY & well the us has been on a great recovery, cad has just reported horrible retail data, & US GDP is tomorrow as well! OMG ... we couldn't have asked for better timing with the news events lining up ! (Not financial advice, just my overly hyper emotions getting riled up for possible profits) stop 1.2355 Entry 1.2393 tp1 - 1.245 tp2 - 1.2525 tp3 - 1.265
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...
time for cad to take a break.. the way that this pair is finding/looking for support around this area (1.27), is indicating to me that it might be a buy. There is also a possible 6 hour harmonic M pattern stop: 1.266 entry: 1.2681 tp1: 1.2763 tp2: 1.284 tp3: 1.287
nzd is on a weekly resistance and looksto be coming down. there's a daily harmonic W pattern signaling that it wants to test the weekly low. there is usd cpi today, 2/10, and fed j powell is speaking. i think those 2 high risk events may help this move. entry: .72336 stop: .7268 target: .90965 Ratio 4:1
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,...
Just here to give my monthly dxy charts... you can look at my previous set ups .. my colored zones are pretty accurate.. LIKE, FOLLOW, maybe donate some coins lol
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...
There is a 3 day harmonic crab on this pair.. since the time frame is so big, this one might take a while .. i believe this is a false breakout below the harmoic channels and shall resume quickly entry 1.268 stop 1.265 TP1 1.273 TP2 1.277 Once we reach there im done
i/we bought it on the way up TWICE : 1ST TIME 2ND TIME : i mean YEN is highly IN DEMAND, i think it's only right i sell, just going to give it a shot . it was already rejected by the blue line like i was looking for, and it stood sideways for a couple days. May just be the order gather for the short in my opinion. My entry 73.6 Tp1 73.15 & Tp2 72.75.. then...