EminantRise

EminantRise

COT Report - Non Commercials are reducing net positions in NZD, showing weakness in NZD. - Non Commercials are increasing net positions in AUD, showing strength in AUD. Endogenous Factors - NZD score is falling from +4 to -2 in the last three months - AUD score is increasing from -3 to 3 in the last three months Exogenous Factors - NZD Interest Rate is getting...

EminantRise

COT Report - Non Commercials are reducing there position in NZD, showing weakness in NZD. - Non Commercials are much neutral in USD, showing steadiness to strength in USD> Endogenous Factors - NZD score after all indicators moved from +4 to -2 in last three months. - USD score remains stable and mix making it neutral. Exogenous Factors - NZD is looking weaker...

EminantRise

CHFJPY Short Idea COT Report - Non Commercials are reducing there position in CHF, showing weakness in CHF. - Non Commercials started taking long positions in JPY, showing strength in JPY. Endogenous Factors - JPY score after all indicators is +3 and +4 for last two months - CHF score after all indicators is -2 and -1 for last two months - JPY looks stronger and...

EminantRise

ANALYSIS: On a Primary Bearish Trend, Nasdaq has just formed the new Lower Low. Price is now bouncing back from the “Strong Support Zone”. This level was defined in June 2020. The recently swing’s Trendline, where it formed the Lower Low, is also broken. This tradeline was acting as resistance is now acting as support, in the secondary bullish trend it’s...

EminantRise

In a bearish trend GBPUSD is forming LL and LH, right now it's defining a new LH, there is a Hidden Bearish Divergence on 1h timeframe, and Regular Bearish Divergence on 10m timeframe. Action plan is to enter SHORT, keep the SL above the recent LH, and look for the bottom of new LL as it forms in coming hours.

EminantRise

Au200 is on a strong bullish trend, and now making divergence on 30m timeframe. In coming hours on market open it's most likely that price action will form a pull back respecting bearish divergences. If so we have Plan 1. And if the bullish trends continues, we have Plan 2 setup.

EminantRise

UK100 respecting the support and resistance lines in a descending channel, now retesting the resistance trend line. Bearish indications include: 1. Bearish trend in descending channel. 2. Bearish divergence near trend line. 3. Respecting resistance test. 4. Hidden Divergence in wider swings. Action Plan: Short from current market level and set the TP near 6830...

EminantRise

US100 continues it strong bearish trend, after a retracement of 0.618 fib level on recent swing. Price action continued the bearish trend, and passed through the support trendline, now testing the support trendline as resistance on 0.382 fib level . Considering the bearish primary trend, if the price action continues falling down, trade setup can be as...

EminantRise

USDJPY: Short term trade plan, as the bull run is getting exhausted and RSI is showing bearish divergence. The symbol is in ascending parallel channel with two bottom levels. If it breaks the first support line, the next support can be considers as TP. Trade plan is as follow: SL: 144.136 Sell Stop: 144.003 TP: 143.786

EminantRise Updated 

GBPUSD continues the strong bearish trend and is about to test 38 YRS OLD MAJOR SUPPORT with high momentum monthly candle. Increased FED interest rates, stronger USD and weaker GBP momentum gives a high probability to break this support and reach the second phycological support of 1.00000 Plan: Considering the recent increase in FED interest rates, stronger USD...

EminantRise

US100 continues it's strong bearish trend and has broken the significant support from Jun-Jul'22. Right now it's retesting support zone as resistance. Plan: Considering the recent increase in FED interest rates, stronger USD and weaker stock market positions. As the price reflects back from resistance it can rally to the next major resistance area near...

EminantRise Updated 

GBPUSD continues the strong bearish trend and has broken the significant support from Jun-Jul'22. Right now it's retesting the support as resistance. Plan: Considering the recent increase in FED interest rates, stronger USD and weaker GBP fundamentals. As the price reflects back from resistance it can rally to the next major resistance area near 11100-11000,...

EminantRise

As the FED news hours approaches we see bearish divergence on lower time frames. Is it going to be a bearish move tonight?

EminantRise

US100 is testing the major fib retracement zone between 0.5 - 0.618 from last swing. We can see clear divergence on 5m timeframe, and 15 minute shows a weak bullish divergence. In next couple hour, good to LONG if it breakout the 0.5 fib level and upper trend line with momentum candle on 15m timeframe.

EminantRise

Resistant line has now started acting as support. Bullish divergence is seen on RSI. Next couple of days price action may remain bullish, and may see the resistance level near 1.558.