Pre-NFP analysis on the EUR/USD Known for potential high volatility, we'll see if the market was just washing out the long positions from yesterday's FOMC data and wipe the bears back out tomorrow or the bears take over and bring this lower into the 1.0800 zone Trade safely and manage your risk. If you're unclear of the price action, stay flat and observe until...
This is a Quarterly chart of the EUR/USD and it's something I'm keeping an eye on. What appears to be a falling wedge and MACD bullish divergence developing. Could we see another Euro 1.2200 again in 2023? Will keep watching the price action going forward on Bullish momentum. The first hurdle will be 1.1100.
Hello TradingView world, I have been trading for almost 15 years and have learned some serious lessons about trading and the markets. I have also been fortunate enough to interact with many great traders over that time that have helped me tremendously, however I still struggled for a long while and wondered why I wasn’t making the progress I desperately wanted to...
Post FOMC Market Analysis on the EUR/USD. How the trade developed and what to look for going forward.
The EUR/USD appears to be ready for a potential drop however may remain flat until next week's jam-packed economic data releases. From a purely technical standpoint, a wedge looks to be formed alongside MACD bearish divergence. If we begin trading below the median zone, I'd look to hold short positions down towards 1.0100. The trade idea is invalidated if we pop...
A quick analysis pre-FOMC. As this week get's off to a jam pack economic data spree, volatility or market direction will be important to watch going forward. For a technical view, please refer to the analysis image posted on January 27th.
The Dow Jones Monthly Chart I previously published has a broadening top pattern, the S&P doesn't have the same outlook and I'm sure many were looking at the S&P Monthly as a triple top however what I'm seeing instead is a rising expanded wedge or Expanding pattern which is a very bearish pattern on the stretched out Weekly. In its formation since late 2009 till...
This is the scariest chart when it comes to the Dow Jones IMO. What this shows is a rising broadening pattern that began in the 1940's. My favorite pattern to trade because the down move is often swift but in this case, would cause financial chaos in the event this plays out. What happens with this pattern is two trend lines begin bouncing off each other at the...
With a massive move up in Gold since 2001, Looks like the bearish broadening pattern is taking shape. From the base of the pattern 2001 to the 2011 high point... A bearish move has potential to visit 900 or a deeper dive to 650. It may take some time but the pattern signals that bears are lurking around the corner.
Expecting bears to come pouring in around the upper 1.3800's. Also on my previous published ideas, Expecting Stock market to tumble down the line as well while USD strength destroys! bears. previous Charts are on point.
After a strong rally into previous strong support, Bears are looking to bring this back down. The move back up was also a 50% Fibonacci retracement which also adds to bears trying to jump in.
Huge expanded triangle pattern on the Euro and expecting the bears to come storming in not only at that upper trend line but the 1.62% fib extension level that sits there as well. Looking for the Euro to get smoked right back down to 1.2900 - 1.2800 levels.
EUR/USD has made a large broadening expanded pattern which leads to a bullish breakout either towards the mid level of the pattern or the start of it. In this case 1.3900 would be a key target area.
Basic structure trading indicates a potential Bear market for the next 10+ years. This is a yearly chart and it will be interesting to see if the Dow Jones crosses back into that 14,000 - 7,500 zone. If it does, i think there's a good chance we will continue to collapse over time. The last significant resistance level was back in the 1970's around 1,050. "Logical"...
Not that great at harmonics as of yet however, Wondering if this is legit for a future monstrous drop. Nas monthly long term chart.
Watching for a strong break of a USD weekly rising wedge with bearish divergence on the MACD. Will continue to look for Euro upside.
Dow Jones making a 13 year Broadening top pattern making higher highs with slight lower lows. The projection for this forecast is once it has topped at resistance it tends to come down to the supporting level, however the kicker about this pattern is support tends to get broken down through! which signals the possibility of the Dow going even further down than...