Pivotal week ahead for the dollar. Still trapped in the downward channel but supply zone holding firm. Looking for a long entry with a stop under Thurdays low.
Afternoon guys.. 2016 was a roller coast for markets. A year ago investors were in panic about deflation, indeed as the year progressed a good case inflation scenario unfolded. The market reaction following the US elections was even faster that expected. In real terms the USD is ~8% above its 20y average but still 8% below its high in 2002. Hedge funds are long...
Easy money, jump in here, risk 0.5%, add up to 1% risk if it drops under the entry within the next 3 days. Good luck, Ivan Labrie.
Even DX tells the story. But why is that, when the whole world screams for a disaster? Gazillions of money flows from EU in to US markets. Hard up, and down harder... Peace...we will pray for it in the future ! guess.
Odds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here. There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take. If price manages to break above 116,...
In this daily preview i expect US dollar will move to 85-86 levels until end of 2016. Best regards.
Eurusd spent long time trading side-way that correct some of bearish impulse wave. Currently the chart shows there is chance to move price higher near upper trend line. I found wave (B) form as a triangle in my own chart program but here the prices slightly have been changed. Anyway don't miss upcoming rising (C) wave.
EURUSD is close to an important point at the resistance trendline. If it bounces off and down, we might see a down move to the lows of the daily chart support levels. If it bounces off the daily lows and heads back up, we will get wave 5 to the daily highs. If it breaks the support, the weekly chart would be a huge bear flag correction structure and we will get...
A little different than DX (stopped at .382) www.facebook.com
Believe fast track trade approval this week and/or #FOMC minutes could catalyze dollar higher. Near a down channel breakout here. Decent support at green line. May be range bound short term though within 93.10-95.48 range. Long term believe EUR/USD will reach parity by end of year and dollar may surpass Euro given ECB QE measures. Watch for channel break for...
After clearing the HVN High Volume Node of $95 representing supply from 1997 - 1999, the $DXY $DX_F is on track to get to the next HVN of $99 and then the nice round number of $100 where I suspect it will pull back. I am bullish to $100 then bearish. Watch commodities.
Historically, gold and the US dollar move inverse of each other. Time to abandon this preconception? The US dollar is going strong, but is it time to change the preconception that a strong US dollar is automatically bad for gold? Perhaps. The inverse relation has historically occurred, but in times of uncertainty, the inverse breaks and gold typically remains on...
Monthly chart for the US Dollar index ETF is currently about to have a major crossover of the 10/20/50 MONTH moving averages. Currently they are basically on top of each other at the $22 level. Price is riding the upper monthly Bollinger Band and the bands are flaring away from each other which shows the strength in the move and tells of expanding volatility....
Natural area for the EURUSD to consolidate and digest the recent major down move. H/S target achieved at 1.30158 and price bounced off major down trend line that has defined pivot areas of supply and demand since 2013 (dotted black line - see shaded circles for times that price has pivoted off of this line. Would not be surprised to see a counter trend covering...