There is a nearly perfect Elliott Wave forming in stocks, with the corrective phase nearing completion. This indicates that we may be seeing the beginning of another bull impulse wave very soon.
True, there is lots of doom and gloom over the trade deal, but Trump is known for wrecking the markets with his tweets, only to provide a resolution shortly after. ...
-MONTHLY REJECTED ACTS AS RESISTANCE
-WEEKLY PINK TRENDLINE ACTS AS A RESISTANCE
-BREAK BELOW A DAILT KEY LEVEL OF 1.9787 NOW WE SEE A RESTEST OF THE FLOOR NOW A CEILING
-MA CROSS TO DOWNSIDE
-38.2% FIB RETRACEMENT
GBPNZD has been respecting the ascending 2018 trendline very much this year and this month will be no different.
Price has reacted to the daily supply zone and sellers have come into the market aggressively. We can tie in NZD interest rate...
keeping an eye on this pair, we can see the price has recently reached the resistance level so if that resistance is respected then we could be seeing shorts playing in. but however if the 146.084 level is broken then we will see long playing.
be careful as we also have GBP interest rate later in the day.
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Shorting the EURUSD, let's see what happens!
ENTRY SELL: 1.1245
TP 1: 1.1220
RR: 1:6 (30 pip risk: 190 pip reward)
Please keep note that Forex is a very volatile market and literally anything can happen at any moment, the trade signals provided here are suggestions only*
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Market curve turned decidedly parabolic after FED interest rate peak around 1981.
The parabolic growth of the S&P500 Index and broader stock market over the past 28 years appears to correlate with progressively declining interest rates.
Every major reversal (rate increase) in the rate decline has been followed by a stall or decline in the value of $SPX.
Right, a bit of a congested chart...
In white, we have $XLF, purple, the US unemployment rate, orange is the European bank index and in yellow, we have the effective Fed Funds rate (US interest rate).
Recent rhetoric from the Fed has been pretty dovish, and we have had a pause in hiking rates, with there likely to be absolutely no hike this year.
If an economy...
EURUSD fell over 100 pips in an hour after German PMI came out the lowest in 6 and a half year.
The dollar was directly affected and gained close to 60 pips.
Many other major pairs were also caught in it, all of them showing a sign of weakening against the dollar in that hour.
However, there's one that diverged from such movement. The gold fell at first but did...
We got EURUSD testing the strong resistance 78.6 Fibonacci Retracement above, while Dollar drifts lower Pre-Fed.
The Bulls will probably be getting exhausted soon.
The chance are in favor that in the days ahead (let's say this week) the price will face strong rejection obviously taking bearish turn.
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One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields...
The following are trades setup ideas in 15 mins chart for New Zealand Dollars Futures .
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
If price action was ABOVE...
All long-looking indicators point to silver being undervalued vs gold . Top chart shows silver candlesticks vs gold red line as percentage returns since 2006 in the case of these investment trusts. Middle indicator is the Trader's Dynamic Index ( TDI ) which holds a combination of moving average, volatility and momentum trends. Bottom indicator is the infamous...
The price has invalidated the uptrend in the very short term, going to break down the level placed at 1.317, that was a static support that should have rebounded the price and continue the long trend. After Powell’s words, investors continued to sell the US dollar, making it weaken against all the majors.
The Fed has been clear: at this moment it is difficult to...
The trend is bearish in the short and medium term, while in the very short it remains lateral. With the last conference of the ECB governor, the investors have been surprised by a sudden change of vision by Draghi, who said that as early as the first quarter of 2019 could start to issue money at 0 interest rate in favor of the banking system since the European...
Back in November (2018) the yield on the 10 year Canadian treasury hit the upper boundary historical trendline and reversed sharply after briefly overshooting. Fundamentally, interest rates follow GDP figures so we can use these technicals to give us a bit of a prognoses for the financial and economic wellbeing of the country... and its not looking good.
Many of you may not be familiar with leveraged loans and the ETFs that have become available to investors through funds over the last few years, but they are important to understand in order to have an edge over the rest of the markets these days - whether that's traditional equities, commodities, derivatives or crypto - as wealth preservation will be a big theme...
I just spotted a rising wedge on the DXY weekly chart which started with the dollar uptrend in early summer. As concerns over slower global growth increase over time , the Fed may shift its forward guidance and turn more dovish on its last 2018 meeting in the next few days. Combined, this bearish chart formation and maybe a more dovish tone from the Fed might end...