NZDUSD creating a bullish divergence on the daily RSI, similar to the back end of last year.
Currently pushing down towards a double bottom.
BUY - Take profit targeting the 38% FIB level of 0.6630
Stop loss set below the double bottom at 0.6380
Fed Funds rate divided by the value of the Dow Jones Industrial Average. Seems to be that the DJI is where they are stashing wealth after each crisis. The process would allow them to tank an index like the Dow, buy it up cheap because everyone and thing sold recently and then they fill all their cracks with stolen money. What do you think?
And we were told that...
This is a basic chart for educational purposes. The arrows drawn are not predictions, merely possibilities.
There are two scenarios I see potentially playing out:
1. Deflationary crash. I don't think this is the most likely scenario. The Federal Reserve would have to continue with monetary tightening by allowing interest rates to rise and they'd have to be very...
Market Structure: Trend Line Break
Daily Resistance Level: .995. or .990
Daily Support Level: 98.00
Other Key Levels: 98.200 - 97.300 - 96.169 (50% Retracement Level)
Following the DXY analysis, we are expecting bearish moves on all USD/XXX pairs. Last week we that this pair created quite a few short signals on the daily time frame....
The EUR/USD currency pair is moving in a descending channel on the 4-hour timeframe, and prices have just broken out of a counter trend (ascending channel) on the 1-hour timeframe. I expect further downside of the pair after a small consolidation (breather/correction/pause) in the form of a bear flag pattern. However note that prices might skip this stage if bears...
The US Dollar has been respecting daily trendline support for almost 12 months.
One would imagine that weakness in the dollar is imminent. I would say yes but not that fast as people would think.
Using supply and demand analysis, price has...
• Investors are focused on the Fed to see whether the central bank will affirm its commitment to “patient” monetary policy and for clues about the likely path of U.S. borrowing costs.
• We have numerous announcements coming from the FED tomorrow morning at 5am (AEDT), we are expecting interest rates to be kept on hold, however the ‘Dot Plot’ could...
The USDJPY has been enjoying a smooth upward growth for the dollar. Recently the rhetoric from the Federal Reserve has been very dovish. Combined with the economic slowdown and falling wage growth in the US the pressure is building on the US dollar. Technically the rate of growth of the currency pair has increased before...
Strong resistance shown on the weekly and monthly charts..... including the 2016, 2017, 2018 highs.
A break of the neckline on the monthly chart could open the way for a breakout to much higher levels.
Daily chart still indicates the bullish trend is still intact and well supported by the lower channel.
Any kind of test of resistance between $1350 and $1375...
do you think that DXY will remain inside the blue lines by the end of the week? Or do you think that it will break above or below during this period?
What is your view? If you have already posted an Idea on DXY please put the link in the comments below.
Thank you for your support and for sharing your ideas.
Please note that I am not a...
I identified a sell zone in dollar (dxy) way back in May 2018. In October we reached the zone (linked), and since then we've kind of stagnated below the sell zone. Now- with the holidays out of the way, my prediction stays true- Dollar will be a sell in 2019. Not only does my method line up with the prediction, but now fundamentals are starting to...