THE CURRENCY TRADER’S BLOG

 

 

Video analysis for the week ahead 25th – 29th July

Good morning Team,

 

Heading into the last week of July. This week is an important one nonetheless. Especially this coming Wednesday Team. (more…)




Forex analysis – A breakdown of the Matrix

Good morning Traders,

 

I’ve made a short video of what the Matrix does for Serene Education Traders.  It is essential that a Trader has the right tools at hand. Those Tools are meant to make the job easier to do. And that is exactly what Serene Education Matrix does. It makes reading the ‘sentiment’ on currency crosses easier to figure out.

Time is money, and we don’t want to be sitting around guessing where we should be spending our time looking. A Matrix is a visual Tool. It should tell you within seconds, what the long-term, intermediate and short-term trends are. Ideally, we would like that to be the same across the timeframes. The trend is your friend. Strong trends – better opportunities.

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Forex Market breakdown, Monday 11th July 2022

Hi, There Traders,

 

So a new week brings new opportunities. What do we have coming up this week?

 

Well, today we have EUROGROUP meetings all day. We also have the BOE Governor Bailey due to testify on the Bank of England Financial Stability Report before the Treasury Select Committee, in London.

 

Economic data for the week ahead

 

 

Matrix points to Dollar strength. Major pairs show that the Dollar is still King. This Wednesday we have US CPI m/m & Core CPI m/m stats.

 

 

Screenshot of the Matrix this morning – 9 am

 

GLOBAL INDICES

 

Indices have had a noticeable pause recently in a negative run. Is this just a pause or a genuine bottom? Well, time will tell. Sentiment out there is very uncertain. Sticky Inflation and concerns of recession have become a real concern for all.  As one can see from the screenshot below – far right, Dollar Index is very much blue – bullish bias as Dollar is King.

 

Screengrab of the global indices pairs

 

Commodities

 

Commodities like Gold, Silver, and Copper continue to falter. Concerns of recession and slowing down across global markets have put a strain on commodities prices.

 

Screengrab of commodities – Monday morning – 9 am

 

BTC Daily Chart

Bitcoin price action still taking an extended break around the 78.6% fib extension level. We saw a high over the weekend just shire of $22440. Let’s see how this week goes. Continued support here could indicate that the current lows are a genuine bottom. One could expect a stronger correction higher to follow. Let us see if this build-up continues or not.

 

Screengrab of Bitcoin price Daily chart

 

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