Before the European Central Bank announces its policy decision this week, the euro is showing a modest uptick against the USD, standing approximately 0.2% higher than Friday's closing rate. Additionally, Eurozone PMIs are scheduled for release tomorrow. The ECB has indicated that it has concluded its rate hikes for this cycle, although a slight possibility of a...
Last week USDMXN traded between 17.85 and 18.46. Given Banxico's decision to maintain its benchmark policy rate at a record high of 11.25% at its September 2023 meeting, as widely expected, and FED's expectation to hike rates if the economy remains hot... Short term, (weekly) my bias is for dollar weakness. I am looking for dollar strength around the 105.917 DXY...
Because HTF Market Structure is printing new Lower Highs and Lower Lows, my bias is bearish. However, I am expecting price to restore the inefficiency shown above (a Retracement) , before targeting the new Daily POI
Will AUDUSD drop to weekly demand zone and target all the liquidity below 0.67790? Expecting USD strength causing AUDUSD weakness. Can AUDUSD target the liquidity at 0.65650?
Price Action is printing Lower Highs and Lower Lows. Fundamentally, FED raised the interest last week by 75 bps to combat inflation. Hawkish move to tighten monetary policy. Risk Off, Dollar On Will AUDUSD see price drop to 0.67500?
Stop loss above previous lower high Sell at the top, await a candle formation i.e bearish engulfing candle Awaiting CAD news in a few hours
USDJPY in the higher timeframes is printing new highs. Daily chart is currently printing what seems to be a bullish engulfing candle.
BTC looking long on the 4H chart as price is reacting and deciding where to go. Price is currently trading in a box.
After price retraced into the 61.8 fibonacci golden zone. I expect ETH to react @ $2,800 level
Price tapped trendline and respected structure HL. Price is currently consolidating in the 1H chart. Awaiting break out of box region and looking for new highs.
EURUSD Weekly expected to pull back to Fibonacci PRZ below weekly support
GBPJPY Bearish Fibonacci Retracement @ 61.8 to -27.0 Extention