BullishFX_Consultancy

BullishFX_Consultancy

Interest rate differentials between these currencies are key when identifying trade setups. Currently, the BOE has a 5% interest rate, while the BOJ has 0.25%. Using our Institutional pairing approach, this indicates a strategy of buying the strongest currency (GBP) against the weakest (JPY). We also consider dollar-based weakness—if the USDX is bearish, we aim...

BullishFX_Consultancy

If you engage in futures trading, it's crucial to closely monitor quarterly shifts in DXY (US Dollar Index), EUR/USD, and yields. These indicators provide valuable insights into potential directional changes. Pay special attention to daily Market Structure High (MSB) and Smart Money Tool (SMT) patterns among correlated assets. Once a shift is identified, focus...

BullishFX_Consultancy

This is a massive chart! The US Dollar Index, DXY, has spiked to its highest level since 2002! A higher USD means tighter financial conditions and pressure on risk assets, like equities, most of the time. Recession risk is looming.

BullishFX_Consultancy

U.S 10 Year trading above 1.80%, the highest level since mid-January 2020. Its going to be interesting to watch what happens with yields if the U.S CPI reading comes in hot later this week.

BullishFX_Consultancy

I expect the ECB not to make any changes, this is due to the Strategic Review Report which they released recently (June Meeting), European policymakers made it clear that they won’t be TAPERING (key word) anytime soon. Market participants anticipate a dovish tilt on the monetary policy stance. I expect the ECB to increase quantitative easing to stimulate the EU...

BullishFX_Consultancy

US10Y heading into FOMC, watch for price breakout of the bull channel. D1 Down close candles providing support.

BullishFX_Consultancy

GBP/USD is sinking further and targeting 1.3620

BullishFX_Consultancy

EUR/USD heading towards testing 1.1700

BullishFX_Consultancy

Looking to short DXY in the Fair value gap or Daily Bearish OB.

BullishFX_Consultancy

$DXY looking for price to clear the buy stops above 97.75 and a close above, for a clear run to 98.50. We might see a scenario where price will take out the buy stops and close below, in that case I will be expecting weakness in the $DXY is we head into NFP week ahead.

BullishFX_Consultancy

The price of Gold dropped to its lowest level today since beginning of August, reaching as low as 1447. The precious metal has reached a technically important 1450 level. I personally think Gold is still Bullish in the long-term. Technically, there is still the possibility for further drop on Gold, but if price close today above 1455, this would create a potential...

BullishFX_Consultancy

US10Y Yields remain crucial in determining GOLD's next directional move (remember the strong inverse correlation between the 2). Yields made a strong move to the upside, but the bearish triangle pattern in my chart is still in place and price remains in a Bearish Bias long-term. Until that changes, the bias for US10Y Yields is bearish and the precious metal is...

BullishFX_Consultancy

Weekly Momentum Bearish. Looking to short from 1308 price zone. Target 1282

BullishFX_Consultancy

NZDCAD is rallying very strong after breaking the weekly trend line and its now forming a strong demand zone for potential longs. There is room to rally to opposing weekly supply on the weekly, so longs on new levels of demand are ideal. We have greater confluences for longs here than shorts since supply is being removed and demand is being respected.

BullishFX_Consultancy

SHORT THE MARKET WHEN PRICE PULLS BACK TO THE 77.000 SUPPLY LEVEL WITH TARGET PRICE 75.500

BullishFX_Consultancy

DXY: Pay attention to that 1H AB squeeze pattern for bulls depending on the election results.

BullishFX_Consultancy

USDCAD Testing Bearish Channel Resistance Ahead of #BOC Wednesday If the BOC comes off as less hawkish than traders expect (even if it still raises interest rates), USD/CAD could conclusively break above 1.3150, clearing the way for a continuation up toward the September high at 1.3250 or the July high near 1.3300 next. Meanwhile, a hawkish outlook from the BOC...

BullishFX_Consultancy

CHF (Swiss Frank) has been getting stronger prior to last weeks market close. Momentum should follow in the coming week. Here on AUDCHF we can clearly see price rejected from a strong resistance are (1 Year Resistance Area). Price rapidly dropped from the 0.7100 level which could be a sign of smart money selling or Non-Commercials taking profit. Price should try...