currency

From our point of view the trend is bullish, and as often happens, our view is always different from most traders. Most likely we are wrong, but this is our view at the moment, and we think we keep it, even after the bearish leg triggered Friday. Later we will post some updates, if you continue to support us. Happy Trading to everyone! If you think this analysis...

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well. My long term analysis for DJI is still valid, you can see it here: This new crash that is incoming is just an extension of the...

Hello traders! From a technical point of view, the structure remains bullish on intraday chart even if at the moment the pair has formed something like a DOUBLE TOP, having said that, if our old analysis remains valid (see chart below), we do not exclude the failure of this reversal pattern and the achievement of 0.6890 area. Below wave (4), the trend should...

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000. ** If you like our free content follow our profile...

DXY is currently on a Higher Low mark within the 1D Channel Up (RSI = 46.563, ADX = 18.030, MACD = 0.030, Highs/Lows = -0.1686). A rebound is expected from the current level but if that fails, the 1W Channel Up (RSI = 52.527, MACD = 0.430, Highs/Lows = 0.0000) will provide the last support level at 95.80. On a long term basis the Dollar Index remains a buy...

Hello Traders!! The best place to try to take a short position should be around 1.13, because even if the trend will changes, some pullbacks should appear from this area….. Do you agree? If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

Good morning Traders! Speculative setup on 1H chart, use reduce size… MONEY MANAGEMENT: Move stop loss to breakeven as soon as possible If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!

Good morning Traders! The pair is working a support area, and if it will trigger a technical rebound, to maintain a bearish trend, it should be limited to our resistance area. That being said, our setup (see chart below) is still valid, and we can easily manage the position. OUR BEARISH SETUP (Click and Play on chart...

Nothing has changed from my last update, the S&P 500 Index (SPX) continues on track to breakdown... This index will crash. Last time we looked at past history and divergence to "predict" this upcoming drop. Today, we are going to be looking at the MACD. Here is a screenshot: First we have the histogram going in favor of...

The price has entered the Lower High zone of the 1D Channe Down (RSI = 52.750, MACD = -0.002, Highs/Lows = 0.0004) and according to the inner/ outer sell trend lines, two short entries stand out: 1.13500, 1.13850. Based on the long term trend of this channel, the price should now reverse towards a new Lower Low below 1.12000. It is best however to structure a...

One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...

If you like my work, please support me with a like. More details in my signature. Many pips ahead!

The Dow Jones Industrial Average (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look. On the chart: We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very...