Hello everyone...
Some considerations about the scenario:
- SPX weekly overbought starts to decline.
- American hedge funds about to switch from long to short.
- Winter in Europe is coming, with high prices and population needing money to pay the bills.
- China, Russia, Europa, FED, etc...only bad news.
Bulls running now would be highly unlikely. Mind your...
The pair should retest support in the short term.
External scenario still does not allow trend reversal.
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The global scenario makes a short-term rally unlikely. Big chance of a drop to our next support.
Classic movement continuation figure.
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Thank you for your attention..
Bitcoin: After an initial pump, we didn't have enough buying volume to break the resistance from the previous top, and we could see a return to the 35k-40k accumulation range.
The world scenario is one of extreme caution, which will make the whales swim in depth, awaiting a definition of the scenario.
The yen's devaluation movement loses strength in the face of the external scenario and deterioration of purchasing power. The price should slowly move towards the base of the previous accumulation to gain force and perhaps retest its top, stuck in this region for a longer period. I don't believe in anything much more than 116,500, but in a probable reversal...
After a long depreciation, we have reached a level of difficult continuation of the fall, and we may be close to a sudden rise in the EURGBP pair, just waiting for the definition of the world scenario.
After the first confirmations of stability in the scenario, we expect a rally to at least 0,84000 and likely beyond.
After a long depreciation, we have reached a level of difficult continuation of the fall, and we may be close to a sudden rise in the EURCHF pair, just waiting for the definition of the world scenario.
After the first confirmations of stability in the scenario, we expect a rally to at least 1,045 and likely beyond.
Weekly EURCAD pair entering strong resistance zone. The current scenario of extreme risk makes it impossible to reverse the trend in the short term, however, looking to the future, we expect a sudden increase as soon as the first signs of stability in the current scenario appear.
