2 reasons to buy: TECHNICAL: 1) there is no ema resistance FUNDAMENTAL: 1) higher demand from an easing of China's COVID lockdowns 3 reasons to sell: TECHNICAL: 1) 115 horizontal line resistance 2) oil soar for a five constantius days, it is time for pull back. FUNDAMENTAL: 1) oil soar for a tighten supply from an planned European Union ban on Russian oil ,...
What to watch in the economic calendar on Monday? FOMC member speaks reasons to buy: TECHNICAL: 1) 20 ema support on 1 h time frame 2) the price did not fall below 2017 year bottom, it is a good support point 3) RSI is in oversold territory on 1 day, week and all time frame FUNDAMENTAL: 1)slowing global growth, high inflation and the Fed's rate hike can...
What to watch in the economic calendar on Monday? FOMC member speaks Two reasons to buy: 1) there is no ema resistance 2) the European Union is proposing a comprehensive oil embargo against Russia Three reasons to sell: 1) triangle resistance 2) 1h and 2h time frame RSI oversold point 3) Shanghai tightens COVID restrictions
What to watch in the economic calendar on Monday? FOMC member speaks Four reasons to buy: 1) oversold point on 1 day time frame. 2) big bottom wick of the candle on 1 day time frame. 3) bounce off 100 ema on week time frame 4) 10 treasury yield 2018 year top resistance Four reasons to sell: 1) not bounce off the blue support line 2) 200 ema was checked on 1 day...
EURUSD formed a bullish AB=CD pattern and long-legged doji candle. "Long-legged doji candles are deemed to be most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur. This is because equilibrium or indecision means that the...
Gold rejected the top of all time high with hammer candle on week time frame, rejected 50 ema on day time frame. Bounce off 50 ema on week time frame. If gold break down the 200 ema on one day time frame, and the candle will close below 200 ema at the end of session, it will be good opportunity to short. Target is 100 ema on week time frame, if brake down, target...
EURUSD many times rejected 20 ema with hammer candles on 4h timeframe, made fake breakout, formed triangle pattern. Enter: if the candle closes above 20 ema at the end of american session time or better case if will make a breakout from triangle. Important event today - fed interest rate decision at 06:00 PM.
EURUSD consolidated in the parallel channel, touched 100 ema resistance, made fake breakout, returned to channel, broke 100 ema resistance, formed a doji candle and closed above 100 ema. RSI has room to grow. Target - 200 ema.
FED decision was the same as expected, but EURUSD fell hard. Yesterday EURUSD tried to defeat 20 ema resistance, but pulled back on 2h timeframe. The pair formed Doji Star, this candle appearing at the bottom of a downtrend, and signaling a trend reversal. The pair possible will form a big green candle and will retraces to 1200 resistance level . In this case it...
EURUSD is waiting for FED interest rate decision. Bounces from parallel channel bottom trendline. First target - blue trendline, It will consolidates between parallel channel trendlines, when the fed decision will be announced.
Fed dovish, pouring money into the market, buys bonds, lowering interest rate, crypto and stock market up in 2020. Fed hawkish, lowering bond assets, anticipate four hikes of interest rates this year, crypto and stock market down. Doge formed a falling wedge, ending diagonal. It is the last stage of correction by Elliot wave, RSI is near the oversold area in daily...
EURUSD is in the parallel channel now, want to find direction and it will find, when the Eurozone Consumer Price Index (CPI) YoY will be published after hour. Expect a big move. RSI is in the moderate zone 50 in all timeframes.
The inflation was the same as expected Yesterday, so the FED will not be more hawkish. EURUSD has risen a lot, and pulled back from 100 ema resistance. Maybe it is time for correction. Target - retest trendline after breakout ( 0.5 fib. level), the next target- retest support line after breakout ( 0.382 fib. level). Major events will be in economic calendar today...
EURUSD is forming Bullish Bat Pattern. Target - 2.618 fib. retracement of BC, it will be a good opportunity to test the all time bottom trendline. Price made a breakout from all time upper trendline, retested it and formed ascending triangle pattern, it is continuation pattern. Nonfarm Payrolls was twice lower than expected, price surged yesterday and is near the...
200 ema resistance was checked three times in daily timeframe, 100 ema resistance - one time, 50 ema resistance - twice, now EURUSD is in consolidation, has a trendline support and 20 ema resistance. Last three candles is below 20 ema, if the last candle closes below 20 ema today, it will be a bearish sign. So all ema's was checked. The yield of 10-year...
Inflation rate target - 2% 2020 US - (1.4%) Euro area - (-0.3%) 2021 November US - (6.8%) - highest since June of 1982, and 9th month above the Fed's 2% target Euro area - (4.9%) Healthy Annual gross domestic product (GDP) growth rate - 2% 2020 US - (-3.4%) Euro area - (-6.4%) Acceptable unemployment rate - 2020 US - (6.7%) Euro area - (8.1%) 2021...
Dogecoin fell hard, as a whole market, as a risky asset, due to omicron variant, inflation, and uncertainty when the fed will rises interest rates, tapering bond purchases. The price checked the RSI oversold area and yesterday rebound sharply with a big bullish engulfing candlestick pattern after Elon Musk tweeted that Tesla will accept it as payment for goods....
As I said in a previous analysis that GME will most likely check the RSI oversold level. Breakout through the main trendline was needed to check the RSI oversold level. This trendline was retested, the green big candle closed above this trendline. When the whole market went down, due to omricon variant, inflation, and uncertainty when the fed will rises interest...