Ukraine's Hryvnia looks poised for a reversal to the downside on the weekly and lower timeframes against the dollar. There could be a 5-8% trade in here. 1) RSI is currently indicating a trend change. 2) Price action is currently indicating a trend change 3) Volume profile is quite high which could indicate traders are soaking up USD by trading in their UAH as...
Trump continues the crusade against the Fed. He is absolutely not satisfied with the current monetary policy of the Central Bank of the USA, and he keeps reminding in his twitter. He accused the Fed that the Central Bank slowed the growth of the US economy on Sunday, also impedes the growth of the US stock market. Recall, the Fed is an independent body and has the...
Im waiting on price to consolidate a little more here, if we get a higher high higher close candle Im in. I'de also like to see the 10 and 20 sma lines start to curl up. Watching this closely.
I'm just documenting this call here. I think the Argentinian stock market bottomed here, together with oil and US interest rates peaking for now. Cheers, Ivan Labrie.
I just don't understand why this and other emerging markets are getting new life this week. The IMF is and central banks are buying the peso to prevent its free fall. However, the Country's GDP just SHRANK 4%. Some banks are telling folks to by emerging markets now, which doesn't make sense as any price rise is due to central banks buying currency and not due...
As we have seen with Gold and as many of you have seen charts of ETF comparison of GOLD vs BITCOIN, I just wanted to again point out that although GOLD and BITCOIN are completely two different things that have almost no direct relation to each other besides similar movement, exponential rise is almost certain to come after ETF goes through. Also do not look at...
This is pretty self explanatory. I believe the bulls should be slowly accumulating right now. I'm certain they are. I am. We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends? There are items in the...
The IMF urged Japan central bank to adhere to the current program of quantitative easing in the fight against stagnating consumer prices, the position voiced by the Central Bank official at the last meeting on monetary policy. Comments of the IMF Chairman Kristin Lagarde lay in opposition to the extensive criticism of the Bank of Japan, which does not want to...
Also 20,50,200 Moving average bullish crossover. Dollar index is not looking good either. War on the horizon, Tax cut, health care failure? Debt ceiling raise? Heavily manipulated market, alot can happen. For those of you who are not familiar with IMF SDR plan and the voting power shift that took place this year i would suggest you to study that. Also the ACC...
Kinda cluttered, these are areas I'm paying attention to, depending how the market enters those zones I might think about taking a long/short position. Some fun facts: - Fiat currencies get stronger in market corrections, since people are selling whatever they can for dollars/fiat. - Approximately HALF the volume on the US equity markets is generated from...
EURUSD has a weekly uptrend, from a 'Time at Mode' perspective, and the sentiment is considerably negative for it lately, with the French elections starting the first round tomorrow. This weekend, the IMF meeting takes place, and it might be a very significant event for the Euro. This week is packed with data and potential catalysts for all markets, with...
My take on current Bitcoin price position. I'm more bullish than neutral but I'm still waking up and rushing to check the price in the morning hoping it hasn't crashed. So many concerns with government and banking institutions stepping in. US gov, Chinese, EU, IMF, World Bank etc can take any measures they want and they will if Bitcoin threatens the status quo,...
Dollar is going to continue it's growth against Renminbi (CNH, CNY). Breakup of triangle would start the upside impulsive move. Target at 7.12
Where to go long and where to short (though I have no current plans to short). I hope to sell %50 of my bitcoin between $2400/2700, sometime within the next few years. Anything above that is after gold breaks through its price manipulation and soars to >$5000, when price inflation finally takes over due to the malinvestment of QE money, which is currently...
NKY looks really ugly now. I am shorting it You don't have to.....but save your longs until more reasons to go long emerge
For reference only. Time will tell what will happen in the next couple of weeks.