CIFERSTRATEGIES

CIFERSTRATEGIES

Looking forward over the next few days, I remain open to the idea of a rally across USD pairs, cleaning out some liquidity above the easy highs. Chasing these lows now would be considered low probability as we find some key support in and around 1.3000 and just below. Trade with cautious at these lows. Swing positions will develop from higher up If this rally...

CIFERSTRATEGIES

With super clean tops, and the Fed rate cuts lurking next week, perhaps we are heading for a big bullish move into new highs before potentially rolling over. As long as we hold above $2500, we remain trading above the daily POC and in line for another potential rally.

CIFERSTRATEGIES

Expecting DXY weakness to continue ahead of CPI where we will take it as it comes. For now we remain long in GBPUSD after holding positions over the weekend. All levels are well supported as per our methodology of TPO profile analysis.

CIFERSTRATEGIES

Showing weakness ahead of NFP this week. Tomorrow we also have ADP figures firstly then FOMC in the evening where the market is fully pricing no change in US rates. The DXY breakout of resistance appears to be too clean and along the lines of a fake out. For highly correlated markets like EURUSD, we could be in for a run higher tomorrow taking out some...

CIFERSTRATEGIES

Typically I would consider this breakout as a trap for the market to then rip. However, with UK CPI back at 2% (BOE targets), we could easily get hints towards early rate cuts or even increased cutting cycle tomorrow in the policy statement. The bulls will want to hear something of a delay in cutting cycle to send this higher, however, it's hard to imagine in...

CIFERSTRATEGIES

I have been testing Tradingviews volume profiles with Gold and some of the levels are so accurate. Using spot market data, it was a bit of a surprise, but a welcomed surprise it has been. We can see today's intraday longs tapping straight into a naked POC left behind from the sharp sell off on Thursday. I have yet to test this is in other markets however Gold...

CIFERSTRATEGIES

With FOMC, NFP, manufacturing PMI and other red folder news, we can expect some volatility coming into the end of the week. We have rallied up this morning on the London open and cleared last week's clear liquidity. From a technical perspective we remain firmly bearish however with tensions building in the Middle East, this is the type of news that can send gold...

CIFERSTRATEGIES

Finally the bears have lost momentum on gold and the market is consolidating above $1800.oz. With US employment data today and NFP tomorrow, we would expect the market to use these events as volatility to sweep the lows before potentially reversing (news dependant). Its something on our radar but first we need to see the high volume sweep before we can enter. Trade Safe

CIFERSTRATEGIES

A relatively choppy week for gold providing few opportunities to enter, we have some solid support in the form of volume profile levels which we will use to utilise if the market respects them. So far there is not much volume therefore a quick high volume move down would be ideal for bulls. Looking to clear out some liquidity above $1930.

CIFERSTRATEGIES

Yesterdays ideas on cable were accurate in the end with a strong bullish move coming through in the afternoon. Quite frankly we are expecting something similar today post ADP non farm. Of course the market will react fast with high volume therefore we will watching our key TPO levels from the futures market to find out where institutions are likely to transact....

CIFERSTRATEGIES Updated 

Grinding higher, there is no real zone for EURUSD t find aggressive buyers. We would need to see a high volume dip into some key levels and a flip in order flow. The idea is just an idea for the time being as it would be crucial to see how price reacts when / if returned to these levels. It could well just snap lower and continue on with the medium term...

CIFERSTRATEGIES

With clear Asian liquidity sitting on the heatmap, we are looking for a sweep to allow bullish momentum into the market. For the time being this setup is nothing more than an idea which will need order flow confirmation. This aligns well with TPO levels (AM session POC, Daily POC) which should provide a strong support around the 1.0790 level where we will look...

CIFERSTRATEGIES

Ahead of Jackson hole, cable has broken down from a clear neckline of a H&S pattern. However, typically in the past the market has dropped below key support levels before breaking into new highs. The market needs liquidity to fuel prices higher, now with a breakdown its possible the market has built enough liquidity and short positions who would now be trapped...

CIFERSTRATEGIES

No real positive news from the GBP to support a fresh rally just yet. Clear liquidity remaining below 1.26 that could easily be taken before continuing on this bullish trend. For the meantime, preference is short positions until liquidity is swept fuelling further bullish moves. High bearish cumulative delta building throughout the Asia session raising the...