Daily Forex Analysis (14 Jan 2022) with LCMS Traders

#OPINIONLEADER#

Daily Forex Analysis (14 Jan 2022)

Time stamps for today’s currency call 14 01 2022:

DXY, Nasdaq and US Equity analysis with Scotty: 03:09

USDCAD chart analysis and trade idea with Gimmy: 08:38

WTIUSD chart analysis and trade idea: 13:25

BTCUSD chart analysis and trade idea with Scotty: 17:40

ETHUSD chart analysis and trade idea with Scotty: 19:17

Currency call trade idea’s 14 01 2022:

USDCAD sell trade idea:

Entry: 1.2480

SL: 1.2520

TP: 1.2340

WTIUSD buy trade idea on a breakout:

Entry: 83.00

SL: 82.00

TP: 85.00

WTIUSD buy trade idea on a pull back:

Entry: 81:00 (after a test and bounce of 80.60)

SL: 80:50

TP: 83:50

BTCUSD small bounce currently in play I will be waiting to see buyers come back with a test of the 40k USD support level.

ETHUSD has bounced after a test of 3k USD and again I’m keeping my short bias given the upcoming interest rate rises in the US. The next support zone for ETHUSD is 1700 USD, the first half of this year will be challenging for high risk assets and will be waiting to see how markets react to the first interest rate increase.

A disclaimer; Any information shared during this session is not intended to be a trade recommendation, it is solely the opinion and views of the speaker. So, please remember to do your own analysis prior to entering any trades.