STERLING has been one of the strongest paired against the usd in the previous week, and the bulls are only taking break. am long term bullish and short term bearish.
as oil prices keep soaring due to the hope investors are putting in oil, cad will grow stronger. long term dollar is bearish due to inflation growth in the us economy.
eurusd after massive sell off on friday is likely to pull back before and sell off, i expect dollar weakness is near future or coming months begining march on wards, the events happening around the dollar is what is prompting my bias, dollar weakness is inveitable unless otherwise.
am bullish long term on gold, because the dollar;d fall is very inveitable regardless of what the fed says, the dollar is losing its value.
i expect the dollar to sell soon. fed powell was sounding dovish but the economy is screaming inflation.
Second leg forming on daily tf. Next week we might see it go uptrend. If support is broken, it will tank.
Retest of key support, price closed above. Double bottom on 1 hr time frame.
Looking at the price action at, there are few or no signs of the uptrend reversal.
Two possible out comes ,price has been trading below resistance since Wednesday last week. If price fails to break resistance level it will. Short eurnzd after channel break out. If price breaks resistance and closes above buy eurnzd. Let's watch how price will react when it reaches the resistance level.
Gold has created a new high, broken resistance. And the bulls look more than ready to take off. The market is in risk mode, there is economical global tension. The break out was a confirmation for buy from 1511 to 1530 or more. Please leave your comment about my idea on Gold.
Right now TA is not very helpful with GBP because all this bretix crap going on. But non the less the chart speaks through Technical. But non the less once that demand Zone is covered GBPUSD looks good for longs. Please leave a comment about this analysis.
Nas100 is bullish long term, its been bullish a bullish the entire year. As you can the LH keep on forming. The trend line seems to be a strong support for the bulls..when market opens the best place to open buys is just a few pips below the horizontal support with tight stop loss.