Hey tradomaniacs, well... market is crazy so be cautious with all trades as market doesnt really know what to price in. So far the previous CPI data were first shocking but voerall showing the we could have seen the peek which is good for stocks & Co. Nontheless there is still much to look at so I dont expect clear risk-on or risk-off the next weeks....
Hey tradomaniacs, GBP/USD has just re-tested a key-resistance-zone after the recent strong momentum to the downside. Overall choppy price-action currently due to upcoming news, but we can expect meeting-minutes to be very hawkish and so a strong US-Dollar. Don`t hold too long as CPi-Data tomorrow can change everything. For me only a daytrade-opportunity...
Hey tradomaniacs, USD/CAD is re-testing a strong support-zone showing that buyers (sellers in Futures CAD/USD) are imcoming to support the trend. Technically we have a great chance here to follow the trend with a tighter stop-loss. Overall risky to trade ahead the CPI-Data as inflation is the only thing the market cares about in order to predict rate-hikes by...
Hey tradomaniacs, EUR/USD has shown a fakeout to the upside with a fast reversal showing sellers are trying to fool buyers in here. Previous news were hawkish but so far we see a risk-off-tone in the stockmarket which is likely to keep EUR under pressure. However, lots of sellers coming in at this spot and orderflow is currently pretty bearish! Please...
Hez tradomaniacs, looks like we had a recent fakeout and so a potential to the upside ahead the NFPs. Notice that all trades are very risky due to the upcoming news.. so rather stay out if u dont like it. Market/Depth shows a sign of reversal! What do you think?
Hey tradomaniacs, looks like we are getting mire risk-off in the market that could pump the USD. Currently tricky as there is manipulation by the ECB very obvious to push the EUR... however we could see a breakout here and so a littel fall of the EURO ahead the NFPs. Waiting for support to break but market-depth looks bearish for now! What do you think?
Hey tradomaniacs, DXY (US-DOLLAR-INDEX) is currently re-testing the primary trendline aswell as support-zone. Question is will it hold or not? I can tell you it is tricky due to the new expectations the market prices in in uncertain times. What do we need for a bullish US-Dollar? 1. Risk-Off in stocks 2. Rising Yields / Falling Bonds Fundamentals: So...
Hey tradomaniacs, looks like previous breakout could boost AUD/USD in short-term as risk-on continues in stocks. The rate-hike tonight has shown that CBs are getting concerned about a slowdown in the economy. We had more Risk-On due to worse ISM causing market to hope in less strong rate-hikes by FED. BAD NEWS are teh good news! Setup not confirmed yet so...
Hey tradomaniacs, technically we have tested a good spot to sell. This week is NFP week and we get the ISM-Index in a few minutes, so be cautious with fake-moves toiday / during the week. Orderflow has not shown any confirmation yet, just a strong increase in volume and an instant sell-off with the US-Opening. Still waiting for a trigger! What do you think?
Hey tradomaniacs, EUR/USD just tested a strong resistance-zone where price could reject from in order to follow the trend. If risk-off continues it is more likely to see a stronger USD-Dollar and so a suffering EURO. Only 10% Inflation could push EURO as rate-hikes are getting more likely.. ;-D What do you think?
Hey tradomaniacs, after recent fake-out it looks like we get a retracement and a fall for GBP/USD. The fakeout looks clear to me and could provide us a great move to the downside. Remember it is risky to trade ahead the NFPs aswell with lower volume in the market due to holidays in asia. What do you think?
Hey tradomaniacs, looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers. So far a great spot to go short but still risky due to the news from BoE. Make sure if u short that you manage aggressively! What do you think?
Hey tradomaniacs, ICEBERG-Order spotted again after Buyers got trapped with fake-momentum. Absorption happening here! Usually another fakeout before aggressive sellers (we need velocity)! Don`t join the party too early and watch this level. What do you think?
Hey tradomaniacs, Short here is likely as we see an orderflow-event right at the trendline at resistance. Looks bearish to me as we see longer distribution with a final move to the upside! What do you think?
Hey tradomaniacs, seems like pound is going to drop due to distribution at the current resistance. If VWAP aswell as trendline breaks we can get more momentum to the downside with a nice risk-reward. Waht do you think?
Hey tradomanics, currently we see an inceberg-order and absorptionat the top of the day. As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here! Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to...
Hey tradomaniacs, NZD/USD has re-tested a strong resistance-zone aswell as the current trendline. Also see how price moves to the previous PoC, which could act as a resistance here. Overall a great spot to short if we get more risk-off in equities. Technically its good to wait for a break below the lower resistance-line of the zone to get a g ood...
Hey tradomaniacs, looks like we see distribution at the resistance-zone. price could fall from here with at least a retracement! What do you think?