GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
AUDUSD D1 Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher. I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending...
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
DXY D1 Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks. Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can...
FTSE100 D1 Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R. Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events,...
US100 D1 Similar setup here on US100 as compared to US30, really looking for that short entry following a healthy correction from the selling pressure we saw late last week. The idea is, we understand the market bias (established last Thursday/Friday). We wait for the healthy pullback to warrant entries, then we trade in line with the trend. We can look to...
XAUUSD D1 I hope you see the theme here for XAUUSD, in a bullish trending environment, we are ending the weeks strong, but seeing a subsequent rejections upon market open. Gaps downside as profit taking seen, as we gear up for the next bull run. Entries are difficult, because they're not pulling back to our support price. That being said, if we can highlight...
UK100 D1 Lots of big daily timeframes here, swing positions are certainly looking attractive across and commodities, indices and FX. 7720 is our anticipated sell zone.
XAUUSD D1 Little tedious from gold at the moment, but that is very much the case with a lot of our setups. If we start to see the DXY fall of and reverse trend, this will certainly set the tone and bias for the next handful of weeks. As we sit on a break/retest and possible pivot. We just need to sit patiently and wait for zones to approach and alerts to trigger.
DXY D1 Unfortunately we haven't seen an awful amount of response yet from the dollar index. Still waiting for a bit more confirmation on the downside potential here, and thus ***USD longs. US100 and US30 have been climbing, with a short reaction from US30's 34000 price we marked yesterday. How much mileage this may have? I don't know, it depends on how to...
US30 H8 We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more. 35000 is certainly a preferred sell...
US100 D1 A very similar take on US100 here as we had previously marked up on US30, the only difference is 'major resistance' price here indicated at 15335 better held as resistance from more recent trade. As compared to US30 where we are now using that 34000 price as a hopeful retest. That being said, the reward is greater on US30, being 6R, as compared to...
US30 D1 Big daily timeframe again here, you can see how much US30 has given back off the back of the dollar correction. That being said, we blitzed through 33600 resistance with no issues, the next area of correction/pivot may lay around 34000 whole number. A nice area of D1 resistance and supply, 34000 whole number, and a solid 6R measure to see a 50%...
UK100 D1 Little reluctant with stock indices for the moment, but certainly going to push a few forecasts out. 7600 sell zone looks attractive on the basis of this 7600 psychological price, daily resistance and daily supply price. We could start to see rejections here, failing this, a break upside could lead us to 7700. Another attractive sell zone, which...
GBPJPY H8 Probably the cleanest setup out of it's peers that were analysed on Sunday, GBPJPY resistance/support price of 183 looks very clean. We are coming up for a test of that 183.00 handle, it could certainly be an opportunity to grab shorts. As markets opened on Sunday we saw the bearish gap, I wonder if this is something that will pin and dump towards the...
XAUUSD D1 We have sold off an absolute monstrous 1250 points in total from 1940 down to 1815, actively 1150 points as we have bounced somewhat 100. Support price of $1805 would be the lowest price gold has trading during the whole of 2023. We have have a huge bearish selloff without any relief rally. A bounce from support price of $1805 could be amazing...
DXY D1 Leading on from this weekends technical video rundown... We can clearly see the dollar is looking to pick up where we left off. With gains on Monday and a threat of breaking this 107 handle... We are looking for a nice bullish close today, retest tomorrow and a strong end to the week for the dollar. Aided by NFP, AE and UE figures. Rules are always buy...
XAUUSD H4 Whipsaw on XAUUSD yesterday following positive US CPI inflation figures, pull downside with USD strength, followed by an upside spike, before eventually settling and seeing XAUUSD drop and DXY gain. $1900/oz is fast approaching, alerts are set, this is a zone we would be looking to trade long from on a swing basis.