WEEKLY FOREX FORECAST July 22-26th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 22-26th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
... and BitCoin
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USSD
USDCAD Sell Idea, 95% Success RateHi, as you can clearly see on the chart, USDCAD is getting weaker and weaker and this is proven on the awesome oscillator show bellow, we can see higher highs on the chart while lower lows on the awesome oscillator. this is called Divergence and it indicated a reverse! We can also see the retest of the price to test out the resistance and this even proves more that the price would go down
TP1 is going most likely going to hit, I would recommend a partial close on TP1 if entered!
Trade with caution and do not forget risk management!
Goodluck!
USDCHf on an inverted h&s? 🦐USDCHF after hitting for a new test the resistance at 0.89200 retraced back creating a possible inverted h&s pattern.
If the market will move for a new test of the neckline and break above, we will set, according to Plancton's strategy a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Shiller V2 for Market Opening Fri Jun 19, 2020Here's an update as of 13:49:50 (UTC) Fri Jun 19, 2020 the Shiller index which I formulated in the chart above with longer term timeframes to show the breadth of the situation. The U.S. equity market now appears "cheap" to many--the ones who have named this so called "V" shaped recovery in the U.S. equity markets, however it's important to keep context in mind when looking back at a decade of earnings growth compared to 1919.Into December of 1919, the CAPE was at an all-time low. With so much focus on 1919 going into the COVID-19 pandemic among market commentary, the comparison that this chart allows to make is 1919 to 2019, with a suggestion of downtrend.
If the SPX indeed returns to multiples in 1919, that would put a market valuation of the SPX at around $500 according to the CAPE ratio.
USD/JPY FOMC To Set The ToneThe pair has traded tightly between the 74.6% fib and 38.20% fib for 2 weeks now which means that a catalyst event like the FOMC meetings Wednesday has the potential to set break the range bound trading.
Keep a close watch on your Fib levels for Wednesday and trade on the correction when/if a breakout occurs to either side.