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The world was watching Fed Chair Powells appearance before congress. By all accounts, Powell provided a clear signal for an imminent reduction of the Feds fund rate. The USD reacted by losing value against all G10 currencies...
The main purpose of this blog is to describe and explain the input parameters of my Trend reversal dashboard indicator ( MT4 version / MT5 version under construction). Further below you will also find a list of known bugs and other shortcomings as well as a list of planned changes...
EURUSD Price Strength Builds Up On 1.1311 Region EURUSD price strength builds up on 1.1311 region as it closed higher on reversal on Wednesday. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level...
It does not get any easier than that to identify why GBPUSD exploded up. 1. Support comming from Daily 2. Enormous down volume wave without the respective Pip move - High Speed Index of 58.9 (nothing like that on the recent previous down waves). ***Don't forget to "Like" this post if you like***...
Pivot (invalidation): 59.75 Our preference Long positions above 59.75 with targets at 61.10 & 61.95 in extension. Alternative scenario Below 59.75 look for further downside with 59.05 & 58.50 as targets...
Pivot (invalidation): 15.1500 Our preference Long positions above 15.1500 with targets at 15.4200 & 15.5000 in extension. Alternative scenario Below 15.1500 look for further downside with 15.0700 & 15.0200 as targets...
Pivot (invalidation): 1416.00 Our preference Long positions above 1416.00 with targets at 1428.00 & 1437.50 in extension. Alternative scenario Below 1416.00 look for further downside with 1410.00 & 1403.00 as targets...
Pivot (invalidation): 2984.50 Our preference Long positions above 2984.50 with targets at 3003.00 & 3018.00 in extension. Alternative scenario Below 2984.50 look for further downside with 2973.00 & 2963.00 as targets...
Pivot (invalidation): 12440.00 Our preference Short positions below 12440.00 with targets at 12340.00 & 12270.00 in extension. Alternative scenario Above 12440.00 look for further upside with 12490.00 & 12540.00 as targets...
Pivot (invalidation): 5.7070 Our preference Short positions below 5.7070 with targets at 5.6460 & 5.6270 in extension. Alternative scenario Above 5.7070 look for further upside with 5.7300 & 5.7580 as targets...
Pivot (invalidation): 0.6945 Our preference Long positions above 0.6945 with targets at 0.6990 & 0.7010 in extension. Alternative scenario Below 0.6945 look for further downside with 0.6930 & 0.6915 as targets...
Pivot (invalidation): 1.3080 Our preference Short positions below 1.3080 with targets at 1.3030 & 1.3000 in extension. Alternative scenario Above 1.3080 look for further upside with 1.3100 & 1.3115 as targets...
Pivot (invalidation): 0.9885 Our preference Short positions below 0.9885 with targets at 0.9830 & 0.9810 in extension. Alternative scenario Above 0.9885 look for further upside with 0.9900 & 0.9925 as targets...
Pivot (invalidation): 108.20 Our preference Short positions below 108.20 with targets at 107.65 & 107.50 in extension. Alternative scenario Above 108.20 look for further upside with 108.35 & 108.50 as targets...
Pivot (invalidation): 1.2495 Our preference Long positions above 1.2495 with targets at 1.2540 & 1.2560 in extension. Alternative scenario Below 1.2495 look for further downside with 1.2480 & 1.2460 as targets...
Pivot (invalidation): 1.1250 Our preference Long positions above 1.1250 with targets at 1.1280 & 1.1300 in extension. Alternative scenario Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets...
The principle of the indicator. The Asummetry indicator allows you to predict the beginning of a change in the direction of trends, long before their visual appearance on the price chart...
On Wednesday, the US dollar consolidated recent gains ahead of a speech by Fed Chair Powell before the House of Representatives. The dollar index stabilised around 97.48, trading flat on the session. The single currency stayed above the 1...
AUDUSD downside pressure remains towards 0.6850 level as we expect more weakness to occur. On the upside, resistance lies at the 1.6950 level. A cut through here will turn attention to the 0.7000 level and then the 0.7150 level where a violation will set the stage for a retarget of the 0...
