Dollar
Dollar is a short-term sell with a long-term buy signal on harmonics. SSTIS is a confirmed sell with almost no price manifestation, 2D MV chart is a confirmed sell with a large MVO bull/bear surge but with minor price manifestation. What does it mean? It means, first of all, that FED is ready to perform intervention when stock market drops, however, the demand for dollar is rising. Secondly, it seems to me that China's intervention versus dollar is pretty successful, and, so far dollar's value stays relative to Yuan's artificial drop. So, while there is an MVO bull/bear switch, I can imagine a scenario where dollar can't be lower on an eligible speed as China will push its price up. It can be a killing mix that the demand is rising because of the stock market correction but institutions won't be able to find dollar liquid enough to swap. What is the implication of this? Institutions need to find a safe heaven instead of dollar and swap their stock holdings to that asset. Gold and miners are falling when dollar rises, so this place is risky, however bonds are a better target as holding money in bonds + strengthening dollar will result double benefit for them. So, we can count with an interesting period and with an external impact on US stocks: currency market. This market is huge and much, much larger than stock market and a crisis there can generate a pretty large crisis on both bonds and stock markets.
My note here is not about politics: someone should sit down with Trump and tell him that US is not the strongest economy anymore and has huge exposure to the world market. China holds a bunch of US stocks, US bonds and dollar, and very centralized, also its population lived under low economical standards for thousands of years and China won't be hurt that much in the currency war than US.
Back to our indicators: the strong bearish volume signals with minor price manifestation mean a high probability negation of the normal market behavior, and we might see an extreme reversal of dollar soon. The next months will carry large uncertainty.
If you followed my week-end post and the possible implication of the signals of an ongoing currency war, then you will understand the potential behind bitcoin. If the war deepens, and there will be a crisis on equity, bonds and currency markets, limited availability (fix maximized token in use) crypto currencies will shy. They are absolutely government-independent assets and have no direct connection to any central bank. My preference is bitcoin as I have both harmonics and the 4th system, however, all major limited issue cryptos are a potential future safe heaven and I'm sure that they will be used to store value as a vital alternative of the largest financial market - the fiat currency market.
Back to the short and mid-term analysis: harmonics is a short-term sell with a long-term buy signal, the 4th system is a sell. Target and medium forecast is not changed.
Dollar is a short-term sell with a long-term buy signal on harmonics. SSTIS is a confirmed sell with almost no price manifestation, 2D MV chart is a confirmed sell with a large MVO bull/bear surge but with minor price manifestation. What does it mean? It means, first of all, that FED is ready to perform intervention when stock market drops, however, the demand for dollar is rising. Secondly, it seems to me that China's intervention versus dollar is pretty successful, and, so far dollar's value stays relative to Yuan's artificial drop. So, while there is an MVO bull/bear switch, I can imagine a scenario where dollar can't be lower on an eligible speed as China will push its price up. It can be a killing mix that the demand is rising because of the stock market correction but institutions won't be able to find dollar liquid enough to swap. What is the implication of this? Institutions need to find a safe heaven instead of dollar and swap their stock holdings to that asset. Gold and miners are falling when dollar rises, so this place is risky, however bonds are a better target as holding money in bonds + strengthening dollar will result double benefit for them. So, we can count with an interesting period and with an external impact on US stocks: currency market. This market is huge and much, much larger than stock market and a crisis there can generate a pretty large crisis on both bonds and stock markets.
My note here is not about politics: someone should sit down with Trump and tell him that US is not the strongest economy anymore and has huge exposure to the world market. China holds a bunch of US stocks, US bonds and dollar, and very centralized, also its population lived under low economical standards for thousands of years and China won't be hurt that much in the currency war than US.
Back to our indicators: the strong bearish volume signals with minor price manifestation mean a high probability negation of the normal market behavior, and we might see an extreme reversal of dollar soon. The next months will carry large uncertainty.
If you followed my week-end post and the possible implication of the signals of an ongoing currency war, then you will understand the potential behind bitcoin. If the war deepens, and there will be a crisis on equity, bonds and currency markets, limited availability (fix maximized token in use) crypto currencies will shy. They are absolutely government-independent assets and have no direct connection to any central bank. My preference is bitcoin as I have both harmonics and the 4th system, however, all major limited issue cryptos are a potential future safe heaven and I'm sure that they will be used to store value as a vital alternative of the largest financial market - the fiat currency market.
Back to the short and mid-term analysis: harmonics is a short-term sell with a long-term buy signal, the 4th system is a sell. Target and medium forecast is not changed.
Trader, using patented technology to detect moves of large players (market makers). Part of my techniques work on cryptos as well.
smartvolume.wordpress.com
'Follow smarts, make money'
smartvolume.wordpress.com
'Follow smarts, make money'