OTM-Fadhl

OTM-Fadhl

Just an update of the USD Index uptrend.

OTM-Fadhl

So far EURUSD worked out as forecasted! Unfortunate I didn't ride it! I was waiting for 1.136 to re-enter! But still there are plenty of opportunities. GL and have a great weekend!

OTM-Fadhl

This is my ST view on OIL. I still think we need a 5th wave to complete the MT retrace. Price might get up to 50-61.8 Fib. / $60-$64. Then down using ABCD pattern to $30. GL!

OTM-Fadhl

As world economy is slowing down, entering into recession, oil supply increasing (in particular from US) and new sustainable energy substituting oil, the OIL Era is ending. This MT USOIL chart tries to reflect these fundamental factors. Clearly the 5 waves in the chart are not straightforward. Each wave may fold into 5 waves too in shorter TF (i.e., daily, H4). I...

OTM-Fadhl

As Canadian Economy is slowing down as well as Oil, my forecast is that the end of this inverted H&S will hold at 1.36 as final target. PA is TL and tested. It might consolidate around until tomorrow with NFP.

OTM-Fadhl

This is an update of my USD forecast.

OTM-Fadhl

Within this ST Swing, we will have 5 waves and I think wave 1 ended.

OTM-Fadhl

FA, US data continue to be strong in comparison to the rest of the world. A new up ST Swing has started. 5 waves are expected.