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Chart of the Day 50pipsfx.com/2020/07/31/cha…
$NKD_F very tired this week...
$FDAX
$NZDUSD and $AUDUSD would be trimming longs and looking for reversal opportunities on failures into the 200WMA.
Here is the $USDCAD weekly:
Again, keep an eye on crude for intraday action...
Don't forget to keep an eye on $RTY_F as we continue through this earning seasons. These are the guys that are actually broke...
“We’re Not Even Thinking About Thinking About Raising Rates” JP
$NDX
Focus is the lining up of a few key factors:
- FOMC drift tends to fade 24/48h after press conf
- Post-Earnings euphoria profit taking/fade
- Entering weak August/September seasonals
- Event risk: Biden VP pick / Relief bill next week
-Etc...
Wishing everyone a great day ahead!
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