The greenback looks set to add to its gains against the euro after yesterday’s sticky US CPI print. Positive employment data from the euro zone and in line with expectations Q4 GDP prints yesterday also did little to spark confidence in the euro.
The euro managed to push the pair above the 61.8% Fibo retracement level, 1.096, from the downward wave following the...
The DXY is cooling off but is the run over? Unlikely in my opinion but I am by no means an absolute master. So take the following with a grain of salt.
Ive noticed people on Twitter have stopped calling for the Dollar top to be in. Including myself when I thought the Double top would lead to a pull back. Little did I know what was actually going on.
Each local...
Listening to Jerome Powell speech this morning reminded me of the "I drink your milkshake scene" in There will be Blood.
For anyone that has not seen the movie or read the book I suggest doing so. You won’t be disappointed.
To summarize, the main antagonist Plainview (Jerome Powell) gives Eli (Global Liquidity) false hope before pulling the Rug.
Here is Jerome...
You may have often seen us mention the U.S. Dollar Currency Index (DXY), as it has significant negative correlation to Bitcoin (BTC). Meaning typically when DXY is up, BTC is down, and vice versa. Over the past month, the DXY has broken out from its resistance and made highs not seen in twenty years. The DXY is a measure of US Dollar strength against a basket of...
Could this potential monthly breakout in USDJPY indicate the milkshake is on ? From the looks of it .. it seems big .. just sharing a thought.. what do you think? Am I on to something or far from it
My Scenario Casting for Chainlink. IMO there's a great possibility for a major bear coming for LINK and we could possibly see it going back to $4. This would need to coincide with the dollar strength and weakness of bitcoin. I have shared some charts predicting a strong dollar in the upcoming weeks, dollar strength is bad for crypto against fiat in general. Things...
NZDUSD potential breakout on a rising wedge.
Wait for the price to breakout before entering, if no breakout, no entry.
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Good Luck!!!
Waiting for the breakout of the EURUSD in channel, if no breakout its safer to stay away.
Share your thoughts in the comment section below.
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Good luck!!!
XAUXAG ratio to go to 20, could possibly go lower, that's a strong case for silver. Not betting so much on the pullback, but the dollar strength could initially mean a dip in both Gold and Silver, but when the bounce back silver will gain at a much faster rate than gold.
Not a bad idea to jump in now if you are not using leverage.
What do you think? Drop a...
EURUSD is in a major significant level, long term resistance and trend. My assessment is that it will get weak and potentially could go below 1 even up to 0.85.
Previous analysis on EURUSD in related links.
Let me know what you think and share your charts.
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I initially had a target of 93.15 for the dollar index. The target has been reached and the price broke the level and the next estimate is 92.66.
There is also a possibility of over performance to the 91 level. EURUSD is currently in a very significant level and if the level repels the price (which it will most likely do) it probably will be followed back by a...
Bitcoin has been bullish in the past week, and the price is showing rejection in the weekly long term trend. The rejection will only be confirmed on Sunday.
My prediction is that BTC has hit a resistance level at 11,500 and will rest and sell off to between 9000-6000 and form a third relative low and then we will enter a bull market again.
This may take time,...
