TheForexMessiah

TheForexMessiah

My first analysis on US Oil. We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W). Short term pullbacks offer selling opportunities. Keep in mind that over the following week we have the following news data: June 3 - June 7: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job...

TheForexMessiah

DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive GBPUSD lower. There is also no high impact news for GBP over the coming week so expect bearish pressure from the get go. Challenging week up ahed guys, good luck!

TheForexMessiah

DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck!

TheForexMessiah

Over the following week Gold will face a lot of volatility from the following news events: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job Openings ADP Non-Farm Employment Change ISM Services PMI Unemployment Claims Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate DXY has held its ground over the past few weeks...

TheForexMessiah Updated 

Analysis and Strategy for GBPUSD Current Situation: The GBPUSD has surged from 1.23 to 1.28 based on the recent weakness in the DXY (US Dollar Index). However, upcoming news events and economic data releases suggest that the pair may correct back to the 1.25 level. Upcoming News Events and Data Releases: May 30, 2024: Preliminary GDP q/q: A measure of the...

TheForexMessiah Updated 

Gold has experienced significant volatility over the past month due to escalating tensions in the Middle East and fluctuating US economic data. Here's my analysis of the current situation and potential future movements for Gold. News and Economic Data: May 30, 2024: Preliminary GDP q/q: A measure of the annualised change in the inflation-adjusted value of all...

TheForexMessiah

Shiba saw a bull run from October 2023 to March 2024 with almost 600% gains. Price has since retraced back to the 61.8% Fibonacci level and created a triangle wedge. As we can see, price has broken out. Lets see where it goes...

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...

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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.