TheForexMessiah

TheForexMessiah Updated 

The current price on Ethereum is mirroring price action from the retracement during January 2021 - July 2022. Expect price to fall between 5-6% before the bull market starts!

TheForexMessiah Updated 

Nasdaq 100 has fallen by 8.53% since its previous high. The market has now created a new higher high and higher low signalling strong bullish momentum. If price can stabilise above 18608, we can see price target all time highs.

TheForexMessiah Updated 

The natural gas markets have broken above the crucial $2 level, and it looks like we are probably going to continue to go higher. All things being equal, the short-term pullback should be buying opportunities that we take advantage of. This is an investment. This is not a short-term smash and grab trade. Keep in mind that supply is still a major issue with natural...

TheForexMessiah Updated 

The Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have...

TheForexMessiah Updated 

GBPUSD has broken above the 1.26 level following the CPI data from last week which resulted in DXY losses. Expect price to continue up to the 1.28 level. Await short term price action above or below the previous day high/low (PDH/PDL) before entering long orders.

TheForexMessiah Updated 

Fundamental Outlook: Current Australia Interest Rate: 4.35% (Weaker compared to USD) Current US Interest Rate: 5.5% (Stronger compared to AUD) Based on the interest rate difference, AUDUSD is bearish. The following upcoming news events and data releases are crucial to watch, as they may impact AUDUSD's trajectory: May 27, 2024: Bank Holiday (low market activity...

TheForexMessiah

This strategy involves capitalising on price divergences that revert to their mean over time. Currently, key indices and interest rates indicate a strong setup for this strategy: JXY (Japanese Yen Index): The JXY is down almost 3.4% from its previous lower high. DXY (US Dollar Index): The DXY is up over 4% from its previous higher high. Interest Rates: US...

TheForexMessiah

USDCAD has recently rejected a key supply zone that has influenced sell positions since October 2022. This rejection sets the stage for a potential decline towards the 1.32 level. The following upcoming news events and data releases are crucial to watch, as they may impact USDCAD's trajectory: May 27, 2024: Bank Holiday (low market activity expected) May 28,...

TheForexMessiah

Gold experienced strong rallies from May 1 to May 24, 2024, driven by the ongoing conflict in the Middle East and negative US economic data, including CPI, employment figures, manufacturing indices, and the FOMC's hawkish stance. On May 22, 2024, gold broke through the demand zone of 2406-2413 due to unexpectedly hawkish FOMC Meeting Minutes. For the upcoming...

TheForexMessiah

Price is currently making lower highs and lower lows. We may see a move higher before resuming the down trend. Upcoming News Events - Forex Factory: Core PPI m/m - Tuesday 14th May PPI m/m - Tuesday 14th May Fed Chair Powell Speaks - Tuesday 14th May Core CPI - Wednesday 15th May Core Retail Sales - Wednesday 15h May Empire State Manufacturing Index -...

TheForexMessiah

The EURUSD has completed the 5th wave of the Eliot Wave theory. The resistance trend line continues to hold. The DXY is expected to see further gains over the next few weeks. Await short term pull backs to the upside before entering. Defiantly will be updating this pairs analysis over the next few weeks.

TheForexMessiah

AUDUSD is at a major resistance zone. The US dollar index sees further rallies. Wait for a retracement below previous lower highs before placing your trades.

TheForexMessiah

Waited for price to form structure during the London session. Market out the London lows. Waited for Sell Side Liquidity (SSL) to be taken out before entering during the 1PM New York open time (GMT+1). Price also swept the London lows liquidity. Opened a buy order once price closed above the SSL support. Closed 70% of my position at the structure high...

TheForexMessiah

EURUSD continues to make lower lows and lower highs. The pair is currently moving to complete its 5th wave. Await lower time frame conformation before entering, eg, Buy side liquidity taken out.

TheForexMessiah

Possible move down to 51k to complete the 5th wave. From there we may see all time highs. I'm new to crypto so let me know what you think of this idea!

TheForexMessiah

The Bank of Japan is suspected to have intervened in "propping" up their currency. This is when a central bank buys its own currency to prevent it from a free fall. However, this solution is a like a small bandage on a gaping wound and the Japanese yen will continue its bearish momentum. Over the past week the USDJPY has dropped by over 5% as a result of this...

TheForexMessiah

GBPUSD continues to make lower lows and lower highs. If price remains below 1.25696, we will see some great selling opportunities on this pair over the next few weeks! Follow The Forex Messiah for daily GBPUSD and Gold analysis

TheForexMessiah

Gold continues to make Lower Highs and Lower Lows. Selling pressure remains active under 2308. Gold will continue to move downwards if we see a close under the Previous Day Low - 2277