I want to apologize for my lack of activity the past few months. A lot has changed in the markets and a lot has evolved in my approach to reading and navigating the markets. When it comes to my process, I have added the use of multiple lenses beginning first with a fundamental macro overlay called the GIP (Growth, Inflation, Policy) Quad Model, which give us 4...
The Aussie has now passed 0.76 hurdle first.
The next Hurdle is 0.80 which is our target for the next 3-5 months.
However, with the year end - we will now look for two scenarios -
1. Price will revert back using the Fib retracement - looking at a new high low to form before a further bullish movement to the Aussie towards 0.80 - .
2. Price will continue to...
After resting lows of 1780 XAUUSD has bounced back with a 4 day uptrend to 1855 to then have a pull back finding support at 1810-1820 region.
finding support in 1810 and jumping to 1830 to stabilize in the 1820s Friday Feb 12- 2021
Looking forward to a possible retest of 1900-1950 if we can push above our next resistance level at 1855
RSI indicator still has more...
Mexican peso lingering on 19.75-20.50 region, new political and monetary policies in USA that could lead to more gains for the PESO.
Awaiting new president elect Joe Biden stimulus plan for us economy along with new vaccine administration policies for covid-19
more stimulus in us could send peso to the 19.00-18.50 in the upcoming weeks of January- February
We have seen with the run up to the vacation season a needed correction.
With the US now rolling out vaccines and stimulus bill awaiting the pass - traders and analysts a like are awaiting the next move.
We have two in play for which we can see.
1: the daily zone will be hit before the holiday close or
2: we will bounce off the Monday open and close the end of...
Here is a view of BTC where a new zone has been created short term potential swap zone at 21,000 where price can fall back just as fast as it can rise.
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday...
Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net.
Also, we can observe a rebound on that RSI's oversold lower band (30).
This Sunday, Republican and Democratic party leaders announced that a deal...
