NZ_Shareman

NZ_Shareman

GBP Weak at the moment has broken Support and heading towards Sentiment of Traders Target After Mondays ridiculous Algo driven panic Sell off across the board Instruments are returning to the Norm. Aprox 180 pips potential. Other reason in my humble opinion. The Australian dollar (AUD) is currently stronger than the British pound (GBP) due to the following...

NZ_Shareman

Here are several reasons to consider buying CAD/CHF (Canadian Dollar/Swiss Franc): 1. Economic Strength: - Canada’s Economy: If recent economic indicators from Canada (such as GDP growth, employment data, and retail sales) show strong performance, it suggests a robust economy, which could strengthen the CAD. - Switzerland’s Economy:Conversely, if...

NZ_Shareman

We had a bit of a mad Monday morning Everything went Spikey up or Down opposite of perceived direction. So they will and are all retracing and heading back to where they once began. Current Economic Indicators Eurozone: Facing sluggish growth and lower-than-expected economic data. Canada: Stronger GDP growth and positive economic indicators, coupled with...

NZ_Shareman

This whole move is just your standard capture all profits on long positions now they start buying back all the way to the top again. They come up with any old news to concoct these moves. Soon it will be "Is there enough bread in shop's OMG Panic !" All we ever here is how Robust the US Economy is and how Strong it is and next minute OMG Recession after getting...

NZ_Shareman

Given the current price of Bitcoin (BTC/USD) at $68,785.10 and its strong uptrend, here is the probability analysis for a long position: Probability Analysis for Long Position: Trend: Strong bullish trend. Support and Resistance: Support: $66,000 (daily), $67,000 (4-hour) Resistance: $70,000 (daily), $69,500 (4-hour) Indicators: Moving Averages: Price is...

NZ_Shareman

Chart Analysis (XAU/USD 30m): Missed the initial break out but here is a very tidy Wycoff Pattern play. GTP to confirm 1. Current Price:** 2386.305 2. Trend:** The chart shows a recent recovery from a low around 2360.000, with a bullish reversal and price breaking above key resistance levels. 3. Support Levels:** - Immediate support around 2380.000 ...

NZ_Shareman

Based on the latest COT data for CHF/JPY: Long OI: 6,491 (6.58%) Short OI: 56,284 (57.04%) Net positions: -49,793 (Bearish) The data shows an increase in long positions but a significant dominance in short positions, indicating a strong bearish sentiment. The probability of further downside movement remains high based on these figures and the downtrend...

NZ_Shareman

Impact on Nasdaq and Broader Market Sentiment 1. Dollar Weakness and Yen Surge The sharp drop in the US Dollar and the surge in the Japanese Yen after another suspected BOJ intervention at the same time of the news release of the drop in the US Jobless Claims and CPI and should be short-lived, the last 2 interventions over the last 2 months have all eventuated...

NZ_Shareman

The Market is severe at the moment, drastic moves. Like I say they stop u out or squeeze u out No Prisoners taken so u have to average in basically U gotta have a strong conviction of what u think the market is thinking and going to do So far not so good. But I got so much Demo money I can afford it : ) NZD Interest rates versus Jappy 5.5% v's 0.10% is...

NZ_Shareman

Analysis of USD Economic Data (Jul 12) 1. Jobless Claims 4-week Average (Jul/06) Consensus: 240K Actual: 233.5K Previous: 238.75K Analysis: The actual jobless claims were lower than the consensus, indicating fewer people are filing for unemployment benefits than expected. This suggests a strengthening labor market. 2. Continuing Jobless Claims...

NZ_Shareman

Conclusion Overall, the USD is likely to remain strong or potentially strengthen further against other major currencies due to robust labor market data and moderating inflation, which suggests a stable economic outlook and less aggressive monetary easing by the Federal Reserve. However, market 24 pip USDCAD are the most reliable for returning to...

NZ_Shareman Updated 

Taken out again below Monthly Resistance that turned Support. Everyone would think Na that's where it will turn it shouldn't go past there surely, there must be untold Buy orders there. I guess there must have been because then it went up and hit everyone's Sell orders and went back down again then hit more Buy orders and is at Sell order resistance again...

NZ_Shareman

Trend is up Aussey has been strong all week Points for Strength The AUD/JPY has been strong this week due to several key factors: 1. Rising Commodity Prices - Increases in iron ore and coal prices have boosted the AUD. 2. Interest Rate Differentials - Australia's higher interest rates compared to Japan make the AUD more attractive. 3. Positive Risk...

NZ_Shareman

I asked Chat GTP togive me Targets based on USA strong economy Fed say they are going to lower rates early next year These targets are based on the current uptrend and the Federal Reserve's positive economic outlook. The market's strong performance aligns with expectations of future interest rate cuts, which should further support the upward momentum. ...

NZ_Shareman

Thats not fair taken everyone out now they got fuel to head higher still Carry Trade prevails. Interest rate not changed still 5.5% 100 pips and 60 pips Targets Just lost 50 pips in theory Might push down more but more often than not they don't Bounce off the Monthly Resistance now Support Base case is up Cots Data is Bullish Sentiment of...

NZ_Shareman

NZD very strong Interest rate announcement coming out in 35 mins Looks like they all banking on a 0.25% rise or stay the same which is also Bullish. Inflation YOY and Interest Rates % USD : 3.27- 5.50 NZD : 4.0 - 5.50 GBP : 2.0 - 5.25 CAD : 2.9 - 4.75 AUD : 3.6 - 4.35 EUR : 2.5 - 4.25 CHF : 1.1 - 1.25 JPY : 2.8 - 0.10 Looks like if any Country should...

NZ_Shareman

Powell had a talk a few hours ago NY Session Everything he said was claiming this and on the other hand that. Made no sense to me and it should do. They keeping rates the same until they see a substantial move towards 2% inflation LOL As soon as they lower rates Inflation will go back up it is an un-winable game they play. But the Market plays along...

NZ_Shareman

Reason why USD stronger than AUD Plus return to previous level pattern Wycoff 1. **Economic Size**: - The U.S. has a larger and more stable economy than Australia. 2. **Interest Rates**: - The U.S. often has higher interest rates, attracting more foreign investment. 3. **Safe-Haven Status**: - The USD is considered a safe haven during global...