A dollar surprise can still hit. There is a last line of defence for the Dollar.
Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price.
Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'.
Disclaimer: This is not advice or...
EURUSD analysis Overview -
Monthly Chart - strong bullish closure, still got room until reaching a monthly Key Level
Weekly Chart - previous weekly candle closed as a doji, showing some indecision as we reached previous weekly resistance.
Daily Chart - uptrend (retracement over), previous candle closed bullish creating a morning star pattern. Could heading...
The last two major stock market retracements occurred in 2000, and in 2007, respectively. Each of these was assigned an underlying cause and an overarching title. Yet, it could just be that both of these were caused by the same de facto trigger; rather than the convenient set of societal circumstances surrounding each at the time.
Nomenclature and true cause...
I was hoping to get this out yesterday but meh. This is a sisterpost because the trend lines from yesterday remain unchanged and we are just changing the indicators and the text on the main post.
A lot is on the main chart for you to ponder but for those who don't know what is going on, let me do a brief introduction to the Ichi-Moku clouds as I use them. For...
In today’s educational article we will analyze silver’s historical boom and bust cycles through the lens of financial history but we’ll also provide a forecast for the future price of this asset.
In the modern era of precious metals markets that began in 1971, silver (XAGUSD) had 2 previous bull markets that reached the fabled $50 USD level and then pulled back....
Key patterns of price action.
Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view.
And also please pay attention to the rules, which I do not advise to ignore.
The Cup with a handle pattern is formed according to the following logic:
- On an upward movement, the bulls cannot push through the...
Trading is not easy and we created TradingClue to challenge people in a similar way. We had tons of interest with over half a million views of the first clue, but by the end only 2,200 people were able navigate their way around twists, turns, and ciphers to the final answer. Thank you to all who entered, we hope you enjoyed it as much as we did!
From the pool of...
As a firm believer that history repeats itself, you can trade your way through the universe with this indicator.
Meet: The Roaring 20s!
After the pandemic of 1921.... oh wait, I mean 2021! We are heading for the greatest economic growth in our history. Inflation can be your friend if you use it right.
Why do I believe we are entering the Roaring 20s?
- The...
All markets go through cycles of expansion and contraction.
📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity.
Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form....
The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a measure of the average monthly change in the price for goods and services paid by urban consumers between any two time periods. It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage...
The Market longer term uptrend still intact, many growth names remain choppy. I try to pick the best of the best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my...
AUD, NZD & CAD:
It was a big week for the NZD after the RBNZ followed in the BOC’s footsteps by bringing forward rate hike projections to Sep 2022. Keep in mind the reason why we haven’t seen a correspondingly big uptick in NZD positioning is because the CFTC data is only updated every Tuesday and does not include the big moves seen in the NZD from...
Bitcoin may be in the process of establishing a higher low formation. IF the current candle can close green, and then take out its high during the next candle, a new buy signal will be in effect based on our LONG only swing trade strategy. How does this compare to the recent bearish price structure?
Buy signals based on candle formations are only one part of the...
Market in last 24hrs
ETHUSD broke the support of the Bollinger Bands midline. Historically, in the short timeframe of 4H, ETHUSD has respected the midline.
Today’s Trend analysis
ETHUSD could continue its bearish momentum, and move further downwards towards the lower band of the Bollinger Bands.
Price volatility remained high at approximately 6%, with the...
MACD – What it is
The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages:
1. The 12 period exponential moving average – On Tradingview it is the Fast Length.
2. The 26 periods exponential moving average –On Tradingview it is the Slow Length.
The MACD line is calculated by...
Summary: Positive employment and durable goods orders data gave a boost to the cyclical sectors today. Investors rotated out of big tech and some growth stocks and into value stocks and small caps. Even so, there were a broad set of gains on higher volume, even in the tech-heavy Nasdaq.
Notes
Ideas always welcome in the comments. Errors will be amended as...
