The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
the signal moving average daily is telling us any touches are sell until we break into green teritory. if weekly bearflag completes im looking at below 17k by december futures.
EURUSD chart might provide false information.
You have to look also at Euro currency index (against the basket all major currencies) to understand what is happening.
Demark pivots are very accurate when it comes to power balance.
As for today EURO still remains in monthly bear market. It is struggling against both monthly and weekly resistance.
I follow alot of Peter Schiff, Erik Townsend, George Gammon etc types of people. So I am convinced we've started the beginning phase of the end of the USD.
DXY has been staying mostly within a channel (more or less) and trading has been calm. Over the last few weeks, we've experienced incredible vol pinging out of the channel both high and low
Based on today's...
NZD index (ZXY) is bullish long term trend since 1994. What we are seeing now is a small retracement which can last a few weeks more before NZD will shoot tothe skies....
Implications and Outlook
1. The short-term bullish momentum completed DXY Index Rally $93.265 level, while Key Resistance lays way above at $94.070.
2. The break of the Rally by retesting Mean Resistance $93.100 will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of $92.430 and 91.770 respectively.
3....
How much love these two have?. I have to accept that I expected to see 17.20, It was a crazy dream... (ok, my DXY chart I was using as reference was wrong).
This time I will keep them together and see what kind of relationship there is even on days as important as right now for Mexico. (NAFTA and Presidential Elections).
Best wishes!!
