Foreign Currencies and Stock Forecast
Volume 1
May 22nd, 2017
This will be the beginning of what will perhaps in the future become a regular issue of forecasts regarding world markets of Forex, Stocks, and perhaps general trends. Because this is a “beginning” it is posted in online public networks to be a date marker of reference to show others when the future unfolds itself.
Trading is an extremely humbling journey – the psychology of which is explored in incomplete depths by most mentors and professionals trying to help new traders find their footing. 95% of people don't get back up after their first account washout within 6 months of opening live funds. It is an art form and journey into the deepest depths of yourself and the learning never stops.
I will keep this simple, brief and direct, beginning with major currencies to the US Dollar. Diving into definitions and how and why behind the moves will be reserved for another time.
If we look at the weekly charts, there are a number of flags telling us that the dollar's dominant bull rally has come to its halt. This includes climaxing volume, measured move vector completions and extensions, timing cycles and outside fundamental and astrological cycles.
The US stock market index has entered near its climaxing phase as political turmoil shakes the United States. We are at a repeat time in history – when the correction happens it tends to be a falling knife that shocks the average “buy at any price” investor. Buyers who didn't liquidate (which will be most of them) will see gains vaporized.
The truth is in the charts – although political events could potentially accelerate the realization of this happening.
6 – 24 month price action forecast:
EUR-USD – Higher targeting 1.15 and 1.25+
USD-CAD – Lower targeting 1.3 and 1.26
www.tradingview.com/...SD-CAD-Butterfly-P…/
AUD-NZD – Higher targeting 1.12 at the top of the range.
Crude Oil and Gasoline Prices – Higher. And the higher they go, the greater demand for alternative energies and electric cars will surge as the costs for those come down.
Gold and Silver – Higher silver targeting $20 an oz upon its current weekly setup completion and potentially $35 an oz if it breaks above the range
Bitcoin – Higher target unknown
AUD-CAD and NZD-CAD – Lower. Climactic volume and distribution chart patterns are probable clues we are at the end of the Oceania currencies phase of dominance over the Loonie (CAD).
U.S. Stocks – Lower; large scale correction is close and will likely tie and correlate with what the dollar index does. We could see a few higher highs before this happens.
"Remember, everything in this universe is elliptical or circular in motion; that applies both to the abstract and the concrete, the mental, physical and spiritual. Every thought you think makes a circle, and it comes back to you. It may take years but you will get the effects, good or evil, according as the thought was either good or evil. That is a truth we should learn, and the world will be the better for it.”
W.D. Gann
Volume 1
May 22nd, 2017
This will be the beginning of what will perhaps in the future become a regular issue of forecasts regarding world markets of Forex, Stocks, and perhaps general trends. Because this is a “beginning” it is posted in online public networks to be a date marker of reference to show others when the future unfolds itself.
Trading is an extremely humbling journey – the psychology of which is explored in incomplete depths by most mentors and professionals trying to help new traders find their footing. 95% of people don't get back up after their first account washout within 6 months of opening live funds. It is an art form and journey into the deepest depths of yourself and the learning never stops.
I will keep this simple, brief and direct, beginning with major currencies to the US Dollar. Diving into definitions and how and why behind the moves will be reserved for another time.
If we look at the weekly charts, there are a number of flags telling us that the dollar's dominant bull rally has come to its halt. This includes climaxing volume, measured move vector completions and extensions, timing cycles and outside fundamental and astrological cycles.
The US stock market index has entered near its climaxing phase as political turmoil shakes the United States. We are at a repeat time in history – when the correction happens it tends to be a falling knife that shocks the average “buy at any price” investor. Buyers who didn't liquidate (which will be most of them) will see gains vaporized.
The truth is in the charts – although political events could potentially accelerate the realization of this happening.
6 – 24 month price action forecast:
EUR-USD – Higher targeting 1.15 and 1.25+
USD-CAD – Lower targeting 1.3 and 1.26
www.tradingview.com/...SD-CAD-Butterfly-P…/
AUD-NZD – Higher targeting 1.12 at the top of the range.
Crude Oil and Gasoline Prices – Higher. And the higher they go, the greater demand for alternative energies and electric cars will surge as the costs for those come down.
Gold and Silver – Higher silver targeting $20 an oz upon its current weekly setup completion and potentially $35 an oz if it breaks above the range
Bitcoin – Higher target unknown
AUD-CAD and NZD-CAD – Lower. Climactic volume and distribution chart patterns are probable clues we are at the end of the Oceania currencies phase of dominance over the Loonie (CAD).
U.S. Stocks – Lower; large scale correction is close and will likely tie and correlate with what the dollar index does. We could see a few higher highs before this happens.
"Remember, everything in this universe is elliptical or circular in motion; that applies both to the abstract and the concrete, the mental, physical and spiritual. Every thought you think makes a circle, and it comes back to you. It may take years but you will get the effects, good or evil, according as the thought was either good or evil. That is a truth we should learn, and the world will be the better for it.”
W.D. Gann
Comment:
Most targets have been reached or advanced to significantly.