Trump
DXY bearish biasBeen holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red.
On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone.
Fundamentals:
-the rejection was printed before the Core Durable Goods figure release and the flow was corroborated on the DOW
-additional QE will drive down the bid in the long term
Sentiment:
-Dollar is overvalued at the moment when compared to G7 currencies
Price action:
-major squeeze playing out, as you can see from the chop of last week's PA on lower TFs
-more patterns printed on lower TFs
Technicals:
-double top and resistance holding
-price currently in range (floor is the bullish area)
Additional notes:
-BoJ MP statement early in the week (key part of macro analysis and will add bias to global flow)
AUDUSD Neutral AUDUSD has been in a bullish rally for about 2 weeks in a row now, ever since the market crashed and the US dollar completely crumbled Trump started dumping money into the economy which has made the market come back to life and people not loose as much money. The markets are looking positive but there has to be a greater idea behind it? Maybe trump dumping so much money into the economy will completely wipe out the US dollar and we go full crypto as our new currency? Hmmmm, well either way here is my mark up we are ready for both things to happen, either way we making moeny. Happy trading traders!
OIL BELOW 2$ THE BUY OF A LIFENo need to explains everything and i have to write fast for this news but this is great great great opportunity if you don't leverage its like impossible to loss on long term
/!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\
Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading have a good day!
GBPUSD NEUTRAL Currently price has failed to push through lower 3 times, respecting a level of support. USA has had good reportings, a decrease of Covid-19 deaths and infections with California and New York reporting a possible pass of the covid-19 high point. USA government is pumping money into the economy helping farmers, the middle class with stimulus checks and also helping small business with loans. The news has been healthy which has caused the economy to recover some what, it may all be a fugazzi since they are printing money and dumping it into the economy. Wer are currently in a overall bullish market flow currently, price has failed to push lower respecting area of support. I am neutral because 1. We can push lower to get some more demand before pushing higher. 2. We can push higher and break out of area, come back down for a retest and continue bullish uptrend. 3. We can push lower, and break area of support to continue retracement leg which is bearish. Lets see what happens!
NAS / PROJECTION (TUES 21-4-2020)Greetins TradingView!
This is my projection for NAS100 Index from close of market today all the way into Tuesday next week.
Description:
It's been stop hunting once already today, now I think NAS has finally found support 8676 - 8727 , with a little bit of a secondary support under 8590 - 8506 .
With all the news flooding in, Trump giving all-clear to state governors the ability to choose whether to reopen certain states, along with the federal reserve reducing purchase volume of treasury bonds from $30 bill to $15 bill and the technicals... We should definitely be seeing better weeks ahead.
Confirmations:
+ Great news from fundamentals
+ Technical Analysis
+ Index P/L
+ Coronavirus News
+ DOW/S&P News
+ Other factors
Everyone stay safe, have a great weekend and will see you all Sunday when I post market open analysis.
Chart of the Day: GBP/USDHey everybody, hope you guys are all doing well :)
Chart of the Day: GBP/USD
Bias: (Bullish) - Price action created a strong impulsive move to the upside (Solid Line). We waited for the price to return to our level of interest to look for opportunities to buy.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
DXY to 97.88 tomorrow (1HR view) SHORT SHORT SHORT USD PAIRSToday 4/14 DXY broke through the support level of 99.19 which was created 4/1/20.
With the current trend of news and shut down of the economy I believe that the DXY will DROP to 97.88.
Confirmations:
on the daily outlook DXY is at .50 at FIBS levels and is likely to retrace to .382 which will be 97.88. The bottom floor is 94.64.
MA 150 (black) is hanging over nicely on the HRLY TF
MA 50/20 is moving quite nicely as well on the HRLY TF
overall on the DAILY DXY is in a 5 day bear trend that does not look anywhere near ending.
in Conclusion,
97.88 is actually 6.18 region for FIBS where the floor is the hell hole level of 88.51.
97.88 tomorrow 4/15/20
(if im wrong DXY shoots up to 100 or 101.3 level)
DXY to 98.7 tomorrow!! SHORT SHORT SHORT USDToday 4/14 DXY broke through the support level of 99.19 which was created 4/1/20.
With the current trend of news and shut down of the economy I believe that the DXY will DROP to 97.88.
Confirmations:
on the daily outlook DXY is at .50 at FIBS levels and is likely to retrace to .382 which will be 97.88. The bottom floor is 94.64.
MA 150 (black) is hanging over nicely on the HRLY TF
MA 50/20 is moving quite nicely as well on the HRLY TF
overall on the DAILY DXY is in a 5 day bear trend that does not look anywhere near ending.
in Conclusion,
97.88 is actually 6.18 region for FIBS where the floor is the hell hole level of 88.51.
97.88 tomorrow 4/15/20
(if im wrong DXY shoots up to 100 or 101.3 level)