2018 Market Outlook
The Alpha Play 2018 Market Outlook report is ready for download.
In the report we share our analysis of the US economy, which in turn drives the overall global economy, what sector will likely to perform this year, the FX Outlook for 2018, why passive investing will be tough in the next 5 to 10 years, and the potential of a global deleveraging causing the next financial crisis.
Below is a recording video during one of our Traders Meetups where we shared the big opportunities we can profit from in 2018.
200 Pips Profit Opportunity on AUD/USD
After the first official trading week of 2018, activities in the market are starting to pick up, and we are seeing volatility coming back.
On the AUD/USD H4 chart, price has been ‘crawling’ higher. This is a term that we use to describe price losing momentum as it continues to move higher.
We are also seeing a RSI divergence forming. Adding on to our technical confluence, price has also reached the key fibonacci area between the 100% to 123.6% extension.
All these gave us an ideal technical sell setup on the AUD/USD.
What we need is a potential catalyst to push price down impulsively; and we are expecting the catalyst to come from Friday’s US data.
Core CPI and Retail Sales are forecasted to come in at 0.2% and 0.4% respectively. Should the actual data come in higher than the forecast, we will have a strong reason to take the short trade on AUD/USD, potentially targeting 0.7641 – 0.7685 area.
Come join us for our next WEEKLY ‘PROFITABLE TRADES’ SHARING SESSION this coming Monday (15th Jan, from 7.30pm to 9.30pm) where we share with you trade opportunities that you can profit from for the week.
See you next week!