We recommend selling AUDCAD targeting 0.9914 (50-day moving average), with stop loss 1.0150 (above recent highs) for a total reward-to-risk ratio of 2:1. As discussed in Asia Pacific: US tariffs: A minor setback for now, 2 March 2018, the steel tariffs reinforce our view of AUD underperformance on the basis of late-cycle domestic dynamics, and an expected...
i dont know what this means, but someone who trades Forex will see the correlation here and see were going towards a (profitable, either +/- divergence). these "fiat" currencies play a role in btc/usd (just as the yuan depreciated, btc rised, what do people buy when dollar deprecates to secure their wealth? what do smart* adjusted to the environment were in do i...
BTC has developed a repeating fractal as show by the two sets of green arches on the chart. We are still moving within a bullish flag, and considering the last time we had a prolonged consolidation period was at $6k this multi week correction is well needed. The green box shows short term support on 4 hour candles. The yellow box is a likely reversal zone as it...
It could take more time for this pair to finish a WXYXZ correction. The last wave X could shape a triangular ABCDE formation. Break below D point would signal a move down.
A bullish pennant is forming. China environmental reform will take a toll on growth and generate inflation. PBoC will probably not be very inclined to tighten policy as this might hurt economic expansion even more and will tolerate higher level of inflation, thus delivering lower real rates that will in the end help CNY depreciate.
After the 1.5 year trend break a while back the Yaun has been on a massive bull run(Remember the Yaun is stronger when the USDCNH falls), but now it is hitting the original bearish trend line at the same time as the Chinese government is making it easier to bet against the Yaun given that they are no longer worried about an uncontrolled bear market. The setup is...
Just an expectations based on price trends.
One of market wizards once told that to find the trend we should squeeze the chart. Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart. The pair had a Mega GAP in 1994. It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap. We could be in the last large wave...
The pair is in a corrective move. Possibly W-X-Y double three.
Target - previuos top 6.987 Invalidation - below 6.8449
As prices have achieved new highs we have the grounds to declare a possible intermediate top. Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle. Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as...