The Dollar index broke the 97.70 1D Resistance this week, which has been rejecting any upside attempt since November 2018. This break out opens the way to further upside within the monthly Channel Up (RSI = 60.408, MACD = 0.450, Highs/Lows = 2.2271), which aims at a new Higher High. By our calculations this should be near 99.00 (inner channel), before the Channel...
I have waited patiently for the US dollar to reach the top of the channel and now we are at that moment. If we get a succesful breakout, the first target should be $100. If we fail to rally further then look for 97.60 as an area for support for a continued bullish momentum. A break below 97.60 is considered bearish and further downside could continue. If you like...
Long term wise, the Euro presents us with an interesting risk/reward scenario to go long, long term. I like the odds here, risking a mere 50 to 150 pips down from here, but with upside of up to 20% long term. I'd say this is a good deal. Worth a 0.25 to 1% risk shot.
Best of luck,
Gold downtrend ready to resume as price is rejecting structure, & is creating a series of lower lows & highs. Price is now making its "3rd" Rejection at resistance which means a powerful move can occur to push price down lower to create a new lower low next. DXY (Dollar index) Breaks the yearly highs today, & the dollar is ready to create some new highs in the...
The black lines on the weekly chart represents the concrete support and resistance levels drawn from the Monthly charts. Currently the price is at 97.00 mark and should this weekly candle or the next close convincingly above the 97.00 mark we are likely to see DXY push to the next resistance level that is located at around 100.00 level.
Although there is a...
In this video update, we take a look at the USD Dollar Index as the price is back at the key 97.70 highs.
The Fed is currently hawkish on the recent data with the potential of a hike in 2019 still on the table.
This has helped the USD push back into the key resistance and if the price breaks the 97.70 highs we
can look for further USD long opportunities across the...
DXY is currently in 2 channels which both have good possibility to be retested at the upper channel top. What can cause the rise of a stronger dollar? One cause can be people selling large amounts of stocks back for dollars creating a strong demand for cash, this is also what the M2 and MZM velocity of money is indicating. It seems to have hit bottom and amount of...
BONOS OUTRAGEOUS FORECAST FOR 2019 - 2020
We are just going to pretend that the Feds will hold 3 more hikes next year.
Stocks DJ:DJI go DOWN and goes CAPUT!
Bond goes up.
Inflation will be somewhere in the 2.2 - 2.6
CAD on the other hand will continue to have higher unemployment rate, lets say 6.
Hikes rates 3 times as well
The US dollar has had its pre and post Brexit price swings. As shown on the 4 hours portion of the chart money moved into the dollar, and post-Brexit failure money is now moving out. Price swings based on the news are almost ALWAYS given back within a few days and we see that happening once again.
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USD in a nutshell. In 2019, the US Economy will be slowing down
GDP growth will slow down to 2.7%
Unemployment rate will go up to 4%
Consumer confidence will go down
Business confidence will go down as well
Government debt will continue to rise
Inflation will go up 2.2 - 2.6
Interest rate will be increased twice 2.5 - 2.75
Even though, those future data will be...