First analysis and welcoming all types of honest and constructive feedback!
Technical
- High buy orders on a ranging monthly is due for a increase in sell orders (Short)
- Holiday season correction is already priced in (Quick long followed by short)
- Strong resistance @ 1.08-1.10.
Fundamentals:
- Chinas "de-dollarization" by allowing the oil imports to be exchanged in dollars. also allowing the yuan to be exchanged for gold. (Short)
- Chinas Crypto's ICO banning causing a 20+ billion market cap sell off. Both Fiat and Crypto exchanges are ranging. (Short)
- Weather in the United States (Short)
- Holiday season (quick upward correction)
- Fears of the current sounds of the war drums (Short)
-High oil prices and oil supply reduction due to closed ports (Short)
Let's see how it goes...
Technical
- High buy orders on a ranging monthly is due for a increase in sell orders (Short)
- Holiday season correction is already priced in (Quick long followed by short)
- Strong resistance @ 1.08-1.10.
Fundamentals:
- Chinas "de-dollarization" by allowing the oil imports to be exchanged in dollars. also allowing the yuan to be exchanged for gold. (Short)
- Chinas Crypto's ICO banning causing a 20+ billion market cap sell off. Both Fiat and Crypto exchanges are ranging. (Short)
- Weather in the United States (Short)
- Holiday season (quick upward correction)
- Fears of the current sounds of the war drums (Short)
-High oil prices and oil supply reduction due to closed ports (Short)
Let's see how it goes...