i have another chart for the dxy prepared today. We are seeing 2 fibonacci channels currently. We just completed a perfect correction. It is time to fall back into the downside channel, our major downtrend in the dxy, brought by printing uncountable amounts of usd.
i described my position im currently building up in earlier trading ideas. This is the turning point. DXY again at resistance. Oscillators show bearish divergence. SHS Pattern in place. This is a nice entry for a hig leverage opportunity with rare risk reward ratio.
It is time for the next cycle in bonds to develop. bond yield on bonds of the european union is likely to go up again according to this cycle. bond yield goes up means, bond prices are going down, which means bonds are being sold as demand on bonds lowers again, while demand on stocks rises. what does that mean for forex ? this means a rising EUR!
market sold bonds and stocks simultaneously today, this is unlikely to continue we still have lot of bearish momentum to come until mid of september we saw a spike of the old momentum we are coming out of, we see that regularly in forex and this is typically at a turning point before developing new momentum, new momentum will be downside as mentioned before we...
Nasdaq just broke its corrective pattern, retested and is currently trading back up again. We will soon see new all time highs ...
gbp just finished its consolidation on a high price niveau, it performed a perfectly nice abc correction, and is now likely continueing its bullish uprising movement with a declining dollar. we are ready for and already in the next impulse. We will probably see a bullish gbp until mid of september according to current time cycles... this next impulse move brings...
following the superior trend of usdcad and time cycles, usdcad will be stronger to the downside for the upcoming two months.
S&P 500 likely to top here, shs pattern and trend resistance are in place, stochastic showing bearish divergence ...
U10 Years are in consolidation currently, we can awaite a next impulse about to come soon
awaiting continuation of impulsive moves since dxy spiked from its corona/post-corona low one impulse never comes alone
latest impulsive drawdown of eu signals a stronger downside fibo time and price as well as trend lines give nice entry levels
the exponential phase according to the halving cycle is yet to come for bitcoin, a bullish dollar is threatening that, but never the less there is lot of potential remaining to the bitcoin, its still a buy to me, but watch the dollar....