HighLand1

HighLand1

$BTCUSD ready for next wave up

HighLand1

UJ fail to break daily resistance above 114. retracement trade. Notes: US10y yield is falling. DXY tested 100dma and fail, heading downwards. political risk eu, NZ, N. Korea

HighLand1 Updated 

Tested daily resistance level 114.10 Short. Target 112.50.

HighLand1 Updated 

risk: Trump tax plan Japan election pro: Schumer: no deal on ACHA weak NFP -33K vs +80K expected risk aversion trade: North Korea missile, Catalonia independence claim technical: weekly candle close at long term resistance. overbought, Doji candle. sign of reversal.

HighLand1 Updated 

Technical: Dollar tested long term support trendline. Fundamentals: -US rate hike and hawkish Feds talk this week. (except for Kashkari) -Trump fiscal policy ($1 trillion for infrastructure, Mexico border wall, TAX CUT!) -strong economic data (job, housing...) -although Trump failed with #AHCA because of Freedom caucus, I believe it's easier for him to make a...

HighLand1 Updated 

Trump's tax plan after meeting with airline CEOs in 2-3 weeks. Trump-Abe meeting this weekend. (Japanese company creating job in US, Trump will go easy on Yen devaluation) UJ above 100-hour and 200-hour moving average. Trendline resistance turn support. Support level to watch: 100 4h-MA (~113.30), psych (113.00) Closing weekend gap from last week. TP1 115.00

HighLand1 Updated 

Technical support level: Ppevious swing low 111.61 and 111.35 0.382 fib. (from pre-election low to post-election high) Fundamentals: US job market is improving? (Trump's tweet mania, proposed border tax, keeping jobs?) Trump's fiscal policy. Fed rate hike (~3) Bullish for dollar.

HighLand1

intraday short UJ. enter during the formation of wick. ~101.40 Daily candle will close below .236 fib (<101.00) Fail to break resistance. MA average is bearish.

HighLand1 Updated 

resistance level to watch 102.57 (0.382 fib, 200 MA), break above will test 103.51 (0.5, channel resistance) Fundamental. Jackson Hole, possible hike in September. Kuroda easing.

HighLand1

No additional easing from BoJ. No rate cut. Doesn't met Yen bear expectations. Yen, safe-haven currency. US Fed expectations to hike in June. More hawkish statement. BUT Seasonal May is good for USD. Potential BoJ intervention.

HighLand1

Rate cut. More QE. Panic long EU. counter-fundamental.

HighLand1 Updated 

0.236 fib support. Stoch RSI oversold. doji candle forming. daily: bullish candle formed. good US data on Friday.