Ok, boring first, as I suspected it would be quite a calm week for USD as it ought to digest its previous downtrend move. The USD has been staying in the range without any hints of what direction the breakout would occur in. So let's wait and see what happens the upcoming week. If there are some decisive moves towards the range boundaries, we can devise a plan...
The past week had strong trends in currencies and metals across the board. As DXY broke down 94.50 long term support area and started gaining a downward momentum, all currencies received a boost against USD since the beginning of the week. Many trend setups emerged during the sharp move. European pairs benefited from the move the most, along with the JPY. GBP,...
I want to give my outlook on the current market conditions, with the focus on the US equities market as it draws a lot of attention these days. During May and the beginning of June, we’ve seen an unprecedented “comeback” from the abyss caused by February-March – arguably the fastest in the history of S&P500 crash recoveries. Astonishingly, the market managed to...
After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the...
1)The market has been steadily holding above the upper band of the longterm downtrend channel that started in March 2019(black lines). Until recently the price had been consolidating since 20th of November and finally intends to climb up in a quite decisive manner as you can see today (12/2/2019) - these signs hint on a strong potential of the main trend reversal....