DXY - MARKET OVERVIEW DXY moved parabolic for the most of this month and smashed yearly highs, this is being fuelled by the conflict in Europe but also the FED HIKE RATE event where they expect to print 50 bias points. This is bullish for the dollar and has been a driving factor but price has gone up so much which a correction it's becoming unstable. If the 50...
XAUUSD - MARKET OVERVIEW XAUUSD followed our prediction perfectly and dipped lower into the 1800s which we have been expecting for a while now. XAUUSD can dip further from here and with the FED HIKE RATE only 3 days away with anticipated 50 bias points a crash can be expected. Dipping will be hard and low to have a quick pullback from the bullish move which has...
USOIL - MARKET OVERVIEW At the start of the week USOIL came look bearish but made a great recovery and pushed to the upside before a classic weekly closing sell off. It's important to focus on the higher time frames right now as we can see USOIL made a new higher low but failed to make a new higher high and was met by a strong resistance area and even had a fake...
DXY has been moving without any real pullback which is dangerous. This is to do with the FED HIKE RATE, we can almost guarantee a 50 points bias which is why price is surging but what happens when the data is released? we have already had the move and DXY falls off. 104.150-300 is the next major resistance area for DXY and it will have to crash somewhere has we...
GBPUSD - OUTLOOK GBPUSD continued it's major dipping today and caught us on our heels. DXY is the main driving factor as it is wiping out early highs in anticipation of the FED HIKE RATE. Something is fishy with DXY and I think it's in for a large drop with ultimately push GBPUSD. GBPUSD isn't miles away from it's lows so there should be some resistance found...
XAUUSD MARKET OVERVIEW GOLD declined even further today creating a new low on the daily but since has had a bullish pullback. I expect GOLD can go in any direction at the moment as we have 3 major driving factors. DXY, FED HIKE RATE and EUROPE WAR. To me it makes sense to have a large correction on the high time frames (weekly and monthly) before we see the next...
USOIL MARKET OVERVIEW USOIL closed bullish today and one more bullish candle should return price back to 112.00-113.50 Price was fundamentally driven which gave us the push higher. I gave a mid week overview to the members of the possibility that if 103.20 breaks then we will swiftly move to 106.00 so no one was left in the dark. A long in oil would interest me...
GBPUSD sunk today as DXY climbed higher from the FED rate hike. Ideally a long for the pull back would be nice but we are in a very bearish zone and this would be unnecessary risk. Once DXY pulls back and fins support GBPUSD should have had it's pull back and found resistance. I will look to short GBPUSD once the set up presents itself. DXY will highly...
GOLD declined today as DXY pushed higher from the bullish FED rate hike last week, DXY should carry on further but I'd like to see pull backs first. Pull backs in DXY should push GOLD up in the short term where I will be looking for shorts. Any political statements or war development in Europe can surge GOLD at any moment but a peace treaty would crash GOLD as...
USOIL closed bearish today which wasn't really a surprise. Unless further political events or fundamentals have a bullish effect on USOIL then we see further downside from here. We need to get a better shorting location with confirmation before we could look for an intraday trade. My key levels to focus on this week are 103.40 /// 101.68 and 95.40. These levels...
USOIL closed very bullish and we can expect further pushes up! I will only be interested in longing if we get a pullback first. Entering now would open up too much risk but I am fully expecting new ATH and again my followers are well aware of what I believe will come next! Follow the link below!
GOLD moved bullish and I expect some pullbacks this week before the next leg up. GOLD is destined for new ATH and my followers are well aware of my expectations. DXY has been moving very bullish but so has GOLD, this shows a complete lack of confidence in the dollar so we can expect a drop in DXY coming soon. With GOLD trading a such a level any large drop and a...
GBPUSD had a bullish breakout but has pulled back due to the bullishness of DXY. The pound isn't weak as we have seen that as soon as DXY dropped the pound rocketed up! It's a matter of time before DXY finds a significant resistance and GBP will start to move bullish against the dollar. It's currently a bank holiday in the UK so we can expect low movement until...
I overheard a conversation today which made question the types of investors we see in crypto and how ugly the market has become. Let's get one thing straight, Bitcoin and many other alts have made serious gains in the past year and if you haven't made profits or taken them then you're a fool. All you need to do is read twitter, go on instagram and even Tiktok...
Towards the end of the week EURUSD gained bullish momentum due to the DXY falling. We said last week that the DXY will lead the market and it's no different for this week. I see DXY pulling back further but it subject to news from the war. Any negative news and the DXT will fly but any positive news and DXY will sink. I expect deeper pullbacks in DXY so I favour...
GBPUSD - OUTLOOK 12 Towards the end of the week GBPUSD gained bullish momentum due to the DXY falling. We said last week that the DXY will lead the market and it's no different for this week. I see DXY pulling back further but it subject to news from the war. Any negative news and the DXT will fly but any positive news and DXY will sink.
GOLD - OUTLOOK 12 GOLD fell as predicted in the last outlook and missed our buy region by 40 pips which isn't a lot on GOLD. I expect a further dip in the market as confidence was restored with interest rates which sent gold down but DXY and the stock market up. I believe price was already marked in so what we are seeing in fundamental manipulation. Any positive...
USOIL - OUTLOOK 12 Hello traders and happy Sunday, let's no waste time and jump straight into it. From the last outlook USOIL declined as we expected it to, we caught two nice trades but GBPJPY and NASDAQ came back to bite us and but us straight to bed. USOIL is now stuck $99.73 and $106.41, we must break from here to get a directional bias. We are still very...