The DXY on the 1 Hr Chart is forming a potential continuation pattern, the Bullish Triangle! Currently Price is testing the 99.6 - 99.8 Resistance Area and battling with the 200 EMA and 34 EMA Band. The reaction to this conjunction could be pivotal in who overcomes: Buyers or Sellers. Now during the formation of the potential pattern, Price on the RSI has stayed relatively Above the 50 mark being Bullish Territory suggesting Buyers could win the Bull-Bear battle. Until Price breaks either the Resistance Area or the Rising Support, we will not have a definitive direction in which USD will strengthen or weaken. *Wait For The Break* -If Price breaks the Resistance Area, USD will strength possibly heading to the 100.8 - 101 Area -If Price breaks the Rising Support, USD will weaken possibly heading to the 98.5 - 98.3 Area Fundamentally, it is said China and USA are possibly getting closer to potentially ending the Reciprocal Tariff War going on with both sides willing to negotiate. With the USA being the #1 Consumer of Goods globally, other economies can not afford us to not buy their things so I continue to see the Tariff War more as a Strong-Arm for the USA to be able to negotiate better terms! USD News: JOLTS - Tuesday, Apr. 29th GDP - Wednesday, Apr. 30th Unemployment Claims / ISM Manu. PMI - Thursday, May 1st Non-Farm Employment Change / Avg Hourly Earnings / Unemployment Rate - Friday, May 2nd For all things Currency, Keep it Current, With Novi_Fibonacci
Google Long on the regression break. I am waiting for the other MAG7 to break as well.
EURHUF Short on the Regreession break. This has an excellent roll short - I am considering it for a short term trade
On my last post on CADJPY i had it dropping to 100. - 90. Levels, i still believe price is Bearish overall, been holding this trade for a while, im still holding even do price is already giving me signs of a possible reversal on the 102. Level, but i need more confluences, price did hit my Tp1 at the Market Low ( 101.500 ) if price starts breaking the 104. Level then most likely ill change my bias and give my analysis for a possible next move. Right now, im just holding all the pairs I've posted.
In this scenario, we could see a bearish continuation in the Nasdaq over the next 20 sessions, with several pullbacks serving as points for the price to propel lower.
Finally Price started moving. still holding for the past 2 weeks, the market has been slow hopefully we get more volatility in the next couple weeks and see this trade play out successfully. Im still holding i still believe in the set up i posted about EJ and for right now everything is looking great.
I had GU pushing to 1.34 on my last Post, we did not got the retest of of 1.30 or 1.28 level but i still capitalized on the move i was expecting, the market has been slow this past couple weeks hopefully this next month coming in we can see a lot more volume / volatility in the market. Overall successful trade.
Solid follow through, breadth has improved, a lot of breakouts this week, but I would be curious how we'll behave as we get closer to the 50dma on the indexes. Until my market timing model shows a buy signal, I'm not gonna get aggressive, I'm still 50% invested and looking to take profits into strength, rather than entering new positions. I'm still relatively flat for the last 2 months in my equity curve. One thing I really need to improve is my risk management, especially around EPs. I need to reduce outsized losses (1% of my account) of which I had even 2 this month so far. And in general I am not that good with EPs, I need to study them closer.
English : According to our analysis, we anticipate a BULLISHscenario. Morocan Darija : kanchofo d'apres l'analyse dyalna antsanaw TLOO3 ATENTION : I only share my ideas, not signals
English : According to our analysis, we anticipate a bearish scenario. Morocan Darija : kanchofo d'apres l'analyse dyalna antsanaw hboot ATENTION : I only share my ideas, not signals