romjpn

romjpn

BOJ's refusal to normalize its ultra-loose stance is sending JPY pairs higher along with the NIKKEI225, also following a roaring American stocks market (SP500, NASDAQ...) which has all the hallmarks of an irrational speculative bubble. As others have said, this is a really dangerous situation as macro fundamentals are not good, with Germany in a recession,...

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Gigantic resistance up there on the weekly chart. Headlines about a "new bull market" in mainstream media. If you're still long, get out or hedge. This could be bloody.

romjpn

EURJPY is hitting a strong daily upper resistance area and should drop soon. Divergences are forming after a double top. Suggested position with SL. Don't forget good money management!

romjpn

BTCUSD might have been a good wave to ride up due to the euphoria backed by a FED peddling "disinflation" and an overall rally in stocks. Last inflation numbers are bad though and higher rate from the FED remain the main driver. This is the first time BTCUSD have to battle a strong USD getting lifted by "risk free" interest rates. Which money manager would refuse...

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Once this 200 Weekly moving average breaks, this is no man's land. No reason to think that this will bounce off and rocket up. Central banks can't help the market artificially this time. Global macro is absolutely awful. Protect yourself and your wealth, just in case.

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Shorting EURZAR is currently yielding a positive swap interest, but any "carry" trade must also choose a good entry. The weekly chart can provide us this entry. Last week, a bearish pinbar candlestick emerged and is seeing continuation this week so far. If this is confirmed by the end of this week, an entry makes sense. The trend is also bearish (lower high,...

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Everything in the chart. BTC reacted to the resistance in recent hours, it is now bound to go back down to ~18.6K to retest the low. From there on, if support breaks, ~16K is the next target. Macro remains bleak. We need to see inflation going down to calm down this crash in stocks and therefore BTC. Be aware of "bad news = good news" as well, as investors are...

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Very simple position to take. Buy in the rectangle and wait. Long term trade. On the fundamental side, crypto is getting punched in the gut and following stocks indices (inflation, higher rates etc.). Litecoin has also recently moved towards being privacy focused, a bit like Monero (XMR). It might push it towards being bit more to the underground, as governments...

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NIKKEI has hit a daily resistance and is likely to move down from here. Global fundamentals are not favorable. Nothing particularly good either for the Japanese economy.

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EURNOK looks like it has a good setup for a short after a bearish engulfing candle has shown up on the weekly chart. It could be a very good Swing/Position trade. Be careful of swaps and spread on this exotic pair. Better enter the trade during the EU session. Fundamentals are neutral. Euro currently a bit up from ECB turning hawkish but NOK is supported by high...

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The weekly chart is probably the best chart to try to catch BTC's bottoms. In this case, the 200EMA has been a very reliable bottom indicator. As the price returns to visit this area, it enters the "buy" zone, as extreme fear and capitulation prevails. Nevertheless, this "bear" market is a little unprecedented. First, the bull market came with 2 very noticeable...

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The GBPCHF pair is showing a bullish divergence on both the MACD and RSI, therefore a long trade is active. Fundamentals are neutral. Both pairs are geographically close to the Ukraine conflict. The Swiss Franc safe haven status gives it a slight advantage in these troubled times but the UK central bank is probably going into a more hawkish stance. Meanwhile, the...

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GBPNZD is currently trying to recover from an aggressive downtrend due to the war in Ukraine. Technical indicators are showing a hidden bullish divergence on the daily chart and could signal at least a good bullish bounce. It is a high risk trade however, due to very uncertain fundamentals, as NZD has benefited from the events in Europe due to its geographical...

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Moderna is the example of a small company that has its entire wealth built around one thing: mRNA COVID vaccines. Before COVID, this company was moribund. As COVID vaccines reveal themselves to be much less efficacious that initially marketed and as Moderna vaccines are said to induce pretty severe side effects notably (see recommendations against it for young...

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A big bearish hidden divergence is shaping up on the daily chart. However, betting on technicals alone when you short against US stocks is risky... That's where fundamentals come into play. War in Ukraine: rising energy prices will slow down the global economy, although the USA is more shielded than Europe or East Asia (Japan, Taiwan etc.) -> strongly Bearish. ...

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A hidden bullish divergence is shaping up on the weekly chart of Bitcoin . The last big pattern was a bearish divergence and it played out perfectly. Fundamentals are neutral to positive. BTC has shown exceptional resilience against recent events in Eastern Europe but might still suffer under a global economic crisis.

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AUDNZD has been "buoyant" and in a relatively slow uptrend for a few months now. It's been testing the resistance at 1.08 three times. A rise in commodity prices due to global inflation and the war in Ukraine has in my opinion perpetuated a forced uptrend, despite a hawkish NZ central bank. Technical indicators are showing an exhausted uptrend and trending down....

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No matter what you are currently trading based on technicals and chart patterns, the fundamental component of the war in Ukraine is something you can't ignore. Protecting your trading capital against the worst is very important, especially if you hold risk-on assets or you trade with an account based on a risk-on European currency (EUR, SEK, HUF, PLN etc.). You...