As we can see price try to break the downtrend line couple times and trapped a lot of buyers . Now price is going for more liquidity. Jerome Powell says economy is strong shape. That might help bring more investors .
SPX has this two scenarios !! It can become a bear trap or bullish trap ! But I think it’s more of a bearish trap since RSI it’s on overbought ! That will make traders think it will keep going bearish !!
We might see a pullback on CAD/JPY Price is to high for exchange . Price is in a bullish momentum. Temporarily pullback
Price has created a inverted head and shoulders to trap more buyers! We might see Price retrace !
We might see a temporarily bullish before it gets bearish ! Price Is outside the bullish trend .
Price is about to break the downtrend channel! We might see price get bullish.
CAD/JPY will go for a small bullish move before it goes back down. Bullish flag on 1 H chart.
Possible bullish move . RSI shows that sellers are in the market we might see a small pullback .
Price has touch a weekly support area. Price it’s outside a uptrend channel. Price is at a good equilibrium point on 1 H chart .
EU Partially bans Russian Oil RSI shows sellers getting into the market
DJI RSI shows that buyers are getting into the market ! SmallPox Vaccine is being created ! Healthcare system is a big asset for the economy !
President of US was in Asia this past Saturday 05.21.22 New Asia Trade pact China launches South China Drills.. War = Demand South China Sea is very important asset for China expansion.
RSI Indicates Traders are selling positions . We might see a bullish move. Biden signs a $40 Billion aid package for Ukraine . That will help boost the EUR. Funding is intended to support through September the end of the 3 Quarter .
USD/CAD RSI shows that buyers are getting into this market we might see the retrace .
Peace talks are in the air ! We might see the demand of the dollar slow down ! Price is below a weekly support and resistance level ! The market will get choppy for few weeks
As predicted price moving to new lows due to the demand of the dollar !! Most oil transactions are made with dollar.. oil is moving above 110 ..
Big swing trend! We might see a little fake bullish to collect buyers !