If price closes underneath the combination of support, traders will search out The U.S. dollar’s upward momentum quickly faded, following Wednesday’s FOMC minutes which suggested a December rate hike was “back on the table.” Traders were likely booking profits after the spike higher in the dollar index, which has caused dollar pair counterparts to advance into...
We have seen a very volatile range in the Dax recently, in lower timeframes, but if we use a bird's eye view of the situation, we can see that the previous mode support from this leg's uptrend held and it's about to fire an uptrend signal. My previous monthly downtrend analysis is currently invalid, and we can expect to get excellent opportunities on the long side...
I had posted bullish setups in the past, which got invalidated. At the time, I didn't expect such a massive sell signal to emerge, but now it's confirmed. This serves as demonstration, since you can't enter safely now, but you can know the direction the index will take in the intermediate term. The downtrend signal aims for 7430, in the span of 5 months max,...
Analysis on chart. I'll be looking to capture the low, expecting it to get me early on in the rally that will ensue once USOIL breaks out of the contracting triangle, and the Euro Stoxx retracement ends. It's not yet confirmed, but I think that we will see the move in question start after NFP. Rgmov is showing interesting bullish strength, hidden amidst the...
(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the...
The time at mode trend signal on chart points to a corrective advance of 5 weeks. There are 4 weeks left in this trend signal, and the target isn't too ambitious, but it's possible that TLT overshoots it and retests the runaway gap level above, which lines up with an impulse's wave 3 of 3 (and a range expansion bar's 50-75% retracement zone). Ultimately the trend...
This is an update to my previous EURAUD chart, I was waiting for a long entry and it just presented itself to me. We have an hourly impulse forming, looks like a 5 wave advance, which could be the first of a new bullish cycle. The daily chart shows a strong mode has been formed and price is about to move above it, after producing a series of strong moves up...
After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long. The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then. For now, keep in mind that for pair trades, I aim to open a big...
I went short today, after getting a bearish signal confirming a possible large decline in this pair. The BOE is maintaining a hawkish view, which spells nothing but trouble for the Euro. Introduction of QE by the ECB in the coming days will seal the deal, making me consider an extreme target of 0.68013 and an intermediate term one at 0.7552. The level I consider...
I spent a long time analyzing this pair, contrasting views with my colleague Nick Coulby, who specializes in Elliott Wave analysis, and working on my own time at mode analysis of this pair, as well as adding the result of insightful discussions held at Tim West's 'Key Hidden Levels' chatroom, regarding this topping pattern, as well as the patterns in the gold...
We have clear technical indications that the S&P500 has ended its longterm impulsive uptrend in 1999-2000. Since then we have embarked in a series of corrective waves, with very clear fear spikes surrounding intense stock market crashes. Rgmov helps filter the noise and tells me that the current advance is short lived, while time at mode suggests that we might...
This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal. Currently moving sideways, this pair is in a race to see who eases faster. Will the RBA or the ECB win the race to the bottom? Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it. Good luck, Ivan.
Since all the rumours of ECB QE were sold, and the actual thing was announced on early February, EUR/USD has been trading rangebound throughout 2015 with most of the price action developed in the 1,08-1,12 band. Hindsight is 20/20, but the best trades this year have been to buy the lows and sell the highs; and there's reason to believe this will hold for the...
If we don't reach this price level during this week, cancel the pending buy stop. I think it's possible to see the Dax start an uptrend in the weekly, but first I'd need to see price accelerate away from the mode in this timeframe. I had entered already using the 4h chart, but my target in that timeframe is lower (11550). Entry was 11421, SL 11244. The entry...
I've been watching this chart closely, and I think we might see a great buy setup in the near short term. Eyeing the area between 121.43 and 122.34, with invalidation for this signal below 118.968, potential upside is 137.94 in 6 months or less. We don't get significant trends in FX very often, and this is one of them. I'll be monitoring the Yen to enter a longer...
Price seems to making a very rare pattern on the ES Mini, where price action takes the shape of a shoe that is trying to kick prices higher. Similar to kicking the can down the road. Upside targets are T1 2152.25 and T2 2181.50 When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom...
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro. From a technical standpoint, the long term support line appears to be broken. The 20v 50 day cross-over suggest momentum will be downward sloping. Bearish MACD cross-over is not a good sign. RSI may be over-sold but the down-trend...
The pair is at war. US is trying to contain the value of USD against EUR otherwise US will loose an importante competitivity. On the Other hand, EUR was loosing ground because of the situation concerning Greece. Since the Tension with Greece appear to be not over but at least in a more relax environment, EUR is gaining power against US However, bare in mind...