Question: can you explain this like I'm 5 ? "To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least...
What happens actually? When there is a big manipulation there will be a sell stop added so the buyers decided to re-test the 3 support only for 2 times (R1 & R2) and you wondering where is R3. R3 will come when the market goes up nonstop to make the R3. Now the EURUSD is already at R3 and retracing a lot so what will happen next? The big trader will put a lot of...
Buy the dollar till the DXY index hit 125. Some of you might have been familiar with my US CPI forecast based on Oil and last time in September 2022 CPI I predicted 8.1%-7.8% during pre-data release. Turns out the MoM inflation for September 2022 was at 8.2%, a bit off 0.1% from my forecast. So what happened here actually? As you can see that during the...
Hello everyone. Today I'm gonna make some forecast about the US CPI for September 2022. As we all know that Oil price retreated on September 2022 and from the chart you can see that there is some minor bullish momentum on 8.3% CPI reading but retreats below afterwards and this will be a good sign that the US CPI on September 2022 will have a lower reading. I'm...
Hello everyone. Good day & I hope you all profit today. From what I see in GBPUSD, a big void needs to be filled due to the US CPI release last time. I will start to accumulate buy at the bottom (around 1.12-1.198) to 1.17-1.168. This is due to the imbalance, which needs to be filled as it is unfair to the buyers. I call this an unfinished QM setup because it...
I don't like on what I am seeing the US10Y and US02Y right now. on a daily range, it seems like the bond going up non-stop and the way they moves just the same like during 07-08 era.
Hi, just a short forecast for the upcoming US CPI. I'm expecting the August 2022 US CPI will be around 7.9% to 8.1% due to lower gas prices and EU-Iran nuclear deal. This will at least gives relief to XXXUSD pairs and hope that the FED will implement 50 basis points this September 2022 FOMC instead of 75 basis points.
Hi, For those who are seeking US NFP data to enter on Friday tomorrow, you can see my chart to do the analysis for your direction. I will remain neutral for now. Please help me by liking my idea if you already get what you want. I really appreciate it. Thank you very much.
Hello guys. Here is my 2 cents theory on why the gold acting so weird lately. Please give some other comments as well.
Hi, this is my NZDUSD setup for today I will wait for the low zone to buy. Target TP around 0.62030 because there is an SR-Flip setup. If the SR-Flip setup breaks, I will wait for retracement again at the lower low to entry because there might be a fake-out to continue their journey on the upper side.
Congratulations for those who hold their entry during asia and london session. Previously I mentioned that the TP is around 2000 and right now still running extra 60 pips. Before the US session starts I will post my idea on the current gold situation after the London session. It has been a wild pump during the London session, however, correction must be made....
QMTR (Quasimodo no respect) Setup (inverted HNS) exit 2000 TP. Due to Bullish divergence in M30, possible reversal start from here. SL 1977.3
Bullish M15 confirmed. My blue indicator is for smaller timeframe and yellow indicator for higher timeframe. Bearish H1 candle is only for Stop loss buyers and sellers. Please close all trade before US session (7:30 GMT +8). See you at 1999-2000 (refer to smaller indicator).
From the awesome oscillator, there is a bullish divergence incoming on 30 min timeframe. We will probably see some bullish correction in couple of hours. Despite the daily trend is still bearish however be careful with US CPI Feb'22 data today and also Weekly candle closing. I wish you all have a safe trade because we will get bouncy within couple of hours.
We all know that Gold already break 1979 support however due to US CPI Feb'22 will be released today, there will be no significant movement until London session or US session. Enjoy scalping.