NZDUSD

EoWA 22 MAR 20

FOCUS ON CORONA VIRUSThe major headwind in the markets is still the corona virus.  When volatility is this high, a good money management strategy is to lower your position size to account for the added risk.USDCADWith DXY (US Dollar Index) at near 19 year highs... I couldn't help but get the feeling that the juice may be running out - at least for now.Take a look at USDCAD above.  As retail became more and more short and entered the extreme zone between -75 and -100, look how price continued to move upward.  On Friday price started moving downward and appears to [...]

By |March 22nd, 2020|

EoWA 15 MAR 20

FOCUS ON CORONA VIRUS The major focus this past week was the fear surrounding the corona virus. When we get to looking at USDJPY we will see the opportunities that were present in the beginning of the week - with an eye for the change in direction by mid week. Sentiment Using Basket Analysis of USD/xxx, we saw the dollar get stronger verses ALL other currencies by 3/12/2020. Currency Baskets began clustering around the strong buy zone and USDEUR, USDJPY, & USDCHF were in the weak buy. (remember with basket analysis, we are putting all major pairs with USD/xxx) to [...]

By |March 15th, 2020|

EoWA 16 FEB 20

Sentiment Using USD as a Base Currency (USD/xxx) we are able to analyze and isolate the Sentiment of the USD. Currently with Sentiment - USD is currently in the Strong Buy zone for the most part, but the concern is that pairs have shifted across the Y axis to the SELL side. Keep in mind, this is a weak sell signal for the Dollar Index. GBPUSD is the leader in being a BUY against the dollar (as you can see above the dollar is weaker compared to GBP) DXY The USD is still showing strong signs of momentum to the [...]

By |February 16th, 2020|

EoWA 19 JAN 20

Sentiment Using USD as a Base Currency (USD/xxx) we are able to analyze and isolate the Sentiment of the USD. Currently with Sentiment - USD is spreading out compared to last week. The majority of the pairs are on the left side of the Y axis, but above the X axis - which signifies a weak buy. DXY USD is currently in a downtrend. Look for Selling Opportunities until the LITS is broken strongly with an IM. EURUSD Until EURUSD crosses the LITS, we must have an upward bias. Look for Buying Opportunities with Sentiment Shifts or Retail Overloading Short. [...]

By |January 19th, 2020|

EoWA 12 JAN 20

SentimentUsing USD as a Base Currency (USD/xxx) we are able to analyze and isolate the Sentiment of the USD. Currently with Sentiment - USD is spreading out compared to last week. The majority of the pairs are on the left side of the Y axis, but above the X axis - which signifies a weak buy.DXYUSD is currently in a downtrend. Look for Selling Opportunities until the LITS is broken strongly with an IM.EURUSDUntil EURUSD crosses the LITS, we must have an upward bias. Look for Buying Opportunities with Sentiment Shifts or Retail Overloading Short.USDJPYUJ was a very profitable play for the SentiFX [...]

By |January 12th, 2020|

2020 First Analysis of the New Year

Happy New Year Traders! Let's make 2020 the BEST Trading Year!!Before we begin, I just want to thank you for being part of the SentiFX community. There are some big plans for 2020.We're going to develop some Trading Drills to help you hone your Analysis Skills in all areas of the SentiFX Methodology.We're also going to develop indicators for the MT4 platform that allow you to see Sentiment in various perspectives directly on your charts.We will continue to develop the Sentiment Analysis Suite of Tools and we expect to complete the Market Structure Deep Dive Course and much more! Of course, [...]

By |January 5th, 2020|

NZDUSD Market Structure 20 SEP 2019

This is an excellent example of a repeatable pattern in the FX market. I would say Textbook because it is perfect - but this happens so often that it is core to the way we think about Market Structure. Study this Market Structure thoroughly and understand what is going on here. If you understand this - you understand the core of Market Structure. First you have a mark up ("uptrend") - by the first Higher High (HH) then a Higher Low (HL). Price continues to drive upward until it reaches a zone where it can no longer continue [...]

By |September 21st, 2019|