Nine-Trader

Nine-Trader

What numbers are telling about the macroeconomic conditions around GBPUSD pair? GBIR 2.3% GBINTR 4.75% GB02Y 4.4% Basically, UK is not facing hard challenged as EU currently facing, which means GBP has stronger grounds against the USD strengthening. Still I expect GBPUSD to visit 1.2300 and 1.2000 levels before evaluating market's next direction of trend....

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Considering the macroeconomic factors I expect the price to continue to fall down. What are the macroeconomic factors bringing me to this conclusion? Let's look at the macroeconomic data. EUIR - 2.3%. (Target 2%) EUINTR - 3.15%. EU02Y - 2.15%. ECB will likely pause rate hikes in the short term, to ensure inflation continues trending towards 2%. German Prelim...

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Watching the pair to buy as USD strength will continue and gap still is not filled. There should be market trigger for the USD strength.

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Watching the pair to trigger the sell trade. This trade may be rapid one where brokers increase their spread rates and catching stop loss levels.

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There is a strong lag between two highly correlated pairs.

Nine-Trader Updated 

Watch the pair to catch with EURAUD. It is way behind the its highly negatively correlated pair. I am now chasing the correction to complete and take the buy trade.

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Following a decisive victory for Donald Trump, investors have shown renewed confidence in the USD, driven by his "America First" policy, which is expected to prioritize domestic economic growth. This shift has led to a significant rally in the USD across major currency pairs. However, it's crucial to note that the sustainability of this rally could hinge on...

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The political crack between West and OPEC+ is reflecting itself on the market by the correlation coefficient change between DXY, Oil and USIRY. FED as the main player between those 3 usually were taking shots and others follow accordingly. However, while FED is trying to contain inflation OPEC+ is cutting production to stop Oil prices from free fall, which in...

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Market is moving towards recession same way like it approached recession in March 2020. With the start of the hawkish monetary policy period NZD as a risk currency may visit the bottom again. Price structure also indicated the price to visit 2020 March lows again. Price may stay at the current level for a week or 2 and then by loose of bullish momentum may...

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Price needs to complete the corrective pattern before forming any buy or sell setup. Price may form a channel or an expanding flat patterns. There is chance for the price to visit 118.50 which is historical level for the price to reach. Considering previous height formations of the price action I think price keeps the chances of reaching 118.50 level....

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I anticipate the price to complete the pattern and fall. Price may fall from current price or may visit 1.4600 area and fall from there. For now, I don't see any reason for EUR to rise, especially against the USD.

Nine-Trader Updated 

I anticipate the price to 1.3700 again before going for down wave. It is possible for the price to fall from the current level. Waiting for the sell setup to emerge in order to take the trade.

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I anticipate the pair to fall during March. Risk Off move is what I anticipate because of fundamental reasons.

Nine-Trader Updated 

I anticipate the pair to visit 1.6800 level. Sell setup may emerge on lower time frames to trigger the trade.

Nine-Trader Updated 

I anticipate the price to correct on 8h time frame and then move up for one more bullish wave. Weakness on Euro may limit the strength on the CHF as well. That may become a reason behind this risk on wave.

Nine-Trader Updated 

I anticipate the price to start correction of the Daily impulse. The first target of the down wave will be 1.0550 which is 150pips move from the top. If there will be a sell setup I will trigger sell trade.

Nine-Trader Updated 

I anticipate the price to rise above 1.5000 level in March. Firstly, price needs to complete the correction on lower time frames. After the completion of the correction I will consider buying if there will be a buy setup.

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I anticipate the price to complete the correction and then start rising. Trade on USDCHF is highly negatively correlated with EURUSD, which I anticipate to fall. FED rate decision may trigger that move, if geopolitical reasons will not trigger this move prior to FOMC meeting minutes.