A Clinton victory will be good for the dollar, but for all the wrong reasons. Hillary is bought and paid for so we will see her wage war against Syria/Russia on behalf of Saudi Arabia & Qatar. A Trump victory will be exactly the opposite and a move back to isolationist, which will be far more positive for the domestic economy and a 15% corporate tax rates would...
Nice Run we had.. I have 2 long positions on DJI index and I have taken profit on one. As for another I have limit my downside risk, so that trade gonna be a winner or a breakeven trade. Currently it it abit Late to Long IMO as the market is hitting monthly high of 18430. It has more possible break out and need to watch out closely. Now, the market is already...
This week could be good or bad due to US elections, but one this is sure there will be some major volatility and momentum. With stops in place and the existing technical indicators already looking bullish... I am LONG.
Hi Folks, DAX go long tomorrow.. Tomorrow though all forecasts say there will fall in the markets ... still I think the media manipulation Serà exploited by the "sharks" and take advantage to go long as everyone pulls low. Surely the initial Gap tomorrow will bear ... but quickly we will see an upward recovery. Good night and see what happens tomorrow.
After the initial FBI/Clinton related hit on the greenback, followed by the High Court ruling combined to send Cable through 1.2325-30. On the hourly timeframe this does look like a retracement but we have some key levels around where we are right now. In this recent retracement we have seen a break into negative territory with a RSI trendline break. We are...
Long term idea of where DXY maybe heading. Will wave DE form
Switched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume www.trendyprofits.com
I am switching my USDOLLAR bias from bearish to bullish for now. As we know November is a seasonably bullish USDOLLAR month especially against the Euro. The USDOLLAR Index has support right now and we're seeing gold sell off from the major $1300 area, which agrees with this. Clinton is currently leading the polls and odds are showing a pretty surefire win, which...
Above the red line, yellow line perforated. Mission accomplished. Tomorrow shall be less exciting, and mark a digestion period... On a Clinton win (but not a sweep) the market will rally, completing the first wave of the C. The the second wave will test the red line, which should provide good support.
I must stress the election is a binary event in regards to technical analysis, but I would like to point out what the chart levels to look out for are. First of all I will look at the mean value, this currently lies between 96.40 and 97.60 & the extreme levels of the recent range is 100.43 high and 91.90 low. On a side note we are also seeing a bullish failure...
Very basic set up. I believe USDCAD is going to sell to the 31.8 fib level, which is also in confluence with a mini structure level: 1.33440. Furthermore i also believe its going to sell off as you'll notice its at a key resistance level in which its rejected 3 times already : 1.34131. Moreover, its also decent risk to reward oppourinty.
Buying Potential - The 78.6% Fibonacci line is nearing the Long term trend line and if it respects the support from both of them expect a long sale to the upside. Take note - Due to the whole situation with the US election , keep an eye on it with great focus.
Still on waiting mode for EURUSD until the US Elections and candlestick confirmation below or above the R3 pivot @1.11722. If current situation persists, pair has room to go up in the short-run, but depending on the outcome of the US elections and Fed's talk about December rate hike, it's more likely that this pair might bounce down, if not near R3, somewhere...
Congestion should be due to the expectation of major market movers. If we do not have clear breakout signals with NFP, it is recommended to wait for the day of Tuesday, November 8, the US presidential election.
Trump Cup ^^ I am expecting a move to 1316 or 1328 at which it will be a sharp dive to 1286 or 1270 then a huge Brexit like long gold candle possibly aiming for 1340
Preemptive note: This is non partisan analysis. Please do not waste my time (or yours) by saying anything about the polls not being accurate. That's self-indulging conspiracy theories that have no basis in any fact. Now onto the reasonings. 1) Price currently sitting at the .618 fib retrace. You can see this clearly on the chart. This is a level to look for a...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...