Dollar and currency pairs have played out nicely so far this week. Don't forget Donald Trump has postponed stimulus talks until after the elections. So we could see dollar strength up until November 4 and Gold bearish (especially with the market manipulation), but the overall long term is still dollar weakness and Gold strength.Lets watch and see how global events...
Possible dollar strength for the intra-day set up
Short term bullish opportunity for the NASDAQ.
Dollar is looking to bounce of resistance to continue this short momentum.
Most digital assets and stock markets took a hit as well as a dollar strengthening.
During the fed speech speech Powel said the Fed would continue with quantitative easing, low rates and remain at a dovish stand point trying to reach their inflation targets. The retest has happened at this psychological level forming a double top and we could see a potential dollar short.
We could see a heavy move to the downside before we rally to the upside
Short term gold short. We will also have to look ahead at the up coming fed meeting which could lead to a bullish gold explosion. Lets wait and see.
SP500 could see a upward move back to the high to test the highs before we could see an even bigger move to the downside as this market is losing more volume. We'll have to wait and see
Bearish move still playing out to lows for the month then we could potentially see a huge bullish move later this month.
This is my view of how I see dollar playing out. I see a strong bearish devaluation of the dollar coming later this month and a strong bullish strength for GOLD and Silver later this month as well. Lets wait and see. 9/11
EURUSD is forming a bearish Gartley witch could lead a short term bearish move. There is a fed speech today and tomorrow during the NYC session, following after a black out period which could see a short-term reversal. The fed black-out period will end on the 14-15 September were we could see strong bullish set ups for EUR/USD as we could potentially see strong...
Short term move to the downside. Our overall outlook is still bullish to the upside, which may serve another entry upon a retest of August's low.
Eur/USD is still in correction, we are still waiting and presuming a huge EUR/USD bullish run coming in the second week of September. A lot may happen considering global events next month.
USDCAD has the potential to break to the upside upon break out. I would only take upon confirmation, lets observe.
Potential upside to major key level with a continuation impulse coming.Observing...
AUD/USD is forming a bearish gartley that could see AUD/USD go down. One would also have to be aware of the up and coming August preliminary PMI release for both Australia and USA this Friday. The USA congress is also still stalling on negotiations on the next fiscal stimulus, as the Republicans and Democrats are at odds on the the amount and allocation of the...
US and China relations is still intensifying and the Australian markets are big export partners with China. As Trump bands TikTok and Wechat the Chines market took somewhat of a hit. my directional bias is still bearish until we hit out target. Second entry opportunity has presented itself too today