How we can approach this market if we look by technical. We are too vertical and can say market on the moon. We can not go too far with this rally a correction 10% or more can apply.
Jobs data was not good for USD but in future Tapering and Interest Rate hike can be matter. Buyers loosing the rope.
Jeremy Grantham recently says a bubble means crazy behavior, Ray Dalio explained in his video we are in difficult, Housing price too high, inflation jumped high and rising of IR fear ticking the clock. Micheal Burry famous in deep digging and in his recent tweets like he going to warn again. But if we look technical we can say we are too vertical and this pile...
DXY is showing strength and QE, Tapering, and rising of Interest rate to coverup inflation all tools will make Dollar strong in coming time. Possible EURUSD will drop to 1.12 area.
After pandemic many things went change. CXY index high DXY dropped and main rule played was zero interest rate as well as Oil prices gave advantage to CAD. Fed admit inflation high and rising interest rate is another tool after QE , Tapering. But other side Stocks feeling fear with Interest rate hike and we can say market on top and near a bubble. Fed said rate...
Inflation leading prices to high from Homes to Commodities.
Canadian dollar stayed strong after Pandemic and one major impact was Oil price , but like US Canada also facing inflation and this advantage for CHF. We can see two possible areas for TP.
AUDNZD can return from daily resistance level, If commodities can drop means Australian Dollar will remain under pressure
Gold will rise due to inflation but Crypto liquidity hurt it's momentum
This pair showing divergence in 4H, Day and Weekly, and as well as running in horizontal channel levels
DXY still weak, Oil Up it gives strength to CAD,
Showing divergence and strong returned from bottom level
AUDUSD broke the channel and can flow to down side
OIL rally can turn its direction for some time
BTC is speculation value and running on faith, after mining crackdown and disappointment from TESLA , it loosing it's value but in history over 4 time it loose it's 70% growth but this time dent is bigger, don't expect it will come back in V shape , we don't know the future but if it come back it will take more than a year. Now it can drop in 20k area It's...
Inflation making USD weak , EURUSD making higher high and it's nearest stop is 1.23500 , we can say it's a low time frame trade . Next week Friday USD can make upset with unemployment data ,
A possible chart position AUDCHF can take turn to up side. It's in very simple shape not complicated , in 1HR/4HR good point to place Stop Loss.