BTCUSD in a falling wedge channel pattern. Will it make one more attempt to burst up to $10K? or fall out of the channel and keep falling... a lot depends on stock markets also. Were on the verge of bad Q2 results, Virus issues arising again... what will happen next? we wait and see what happens, Limbo continues...
There is an increasing divergence between S&P 500 valuation and the U.S. national unemployment rate. What are the most likely explanations?
After the news for AUD's unemployment and employment, we are looking for a buy on GBPAUD. An uptrend is forming well on the four hour chart, as well with the one hour chart. TP: 1.833+
Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time. But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the...
at breakout of 1.45 level (previous local high and cluster of volumes). Good setup on daily from Macd and Rsi. Downside momentum is dissipating TP1 1.50 (rr 3x) TP2 1.53 (rr 5x) SL 1.44 same as for eurusd holds (won't act until 14.30 unemployment results)
A paradigm shift followed the "It's time" chart more rigidly than even I expected. Apologetically we can give the official ✅ for those following the example of dogmatism from @ridethepig and can see clearly how far we have come: "It's Time" 📌 It can be said that the opening knee-jerk reaction from "The Great Lockdown" is over and we can begin to enjoy a...
As the figure shows there is a clear negative correlation between U.S. unemployment and the S&P 500. Currently, we are seeing extreme highs in unemployment and the recovery will certainly take some time. To see more reasoning for a short position, please look at my previous post on the S&P 500 (Witnessing a bubble created by people's unrealistic expectations)
Here you will clearly see the highest Unemployement rate ever recorded in the US. This chart only goes back so far, but if you could go back further you would see that it is definetly the highest rate ever. Unbelievable.
NZD/USD have been locked in a titanic battle for control of this chart for the last 8 hours or so. Technically we should break south to relieve overbought conditions on H1 timeframe but with the key Non-Farm Payrolls and Unemployment Rate out of the USA due at 13:30 GMT, this pair ain't goin' nowhere for 3 hours. The risk it has to be said is that the numbers...
Overview: There is an ADP Non-Farm Employment Change report tomorrow at 5:15am PST which is expected to have a high impact on the US Dollar. We all know how unemployment has been recently - the worst the world has seen since the Great Depression. We are also entering the extremes of the range on the Euro and US Dollar, providing a high probability opportunity for...
Of course we can reverse sooner, as I predicted previously, but this is what makes the most sense today and falls in line with some old charts... Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big...
Following the attention that my recent Dow Jones/ S&P500 ideas got (you can find both at the bottom of this study) in relation to a potential market crash, I thought it would be a good time to look look at how the stock markets (S&P on this particular study) went by in times of sharp increase on the Unemployment Rate. ** Before we start, please support this idea...
The Walt Disney Company. My attention was drawn to this stock due to the negative affect its news may have produced on Netflix on Friday 17/04/2020. While Netflix's stock price decreased by -3,69%, Disney's stock price increased by +4.52%. I find this paradoxical because if analyst downgraded Netflix and weren't optimistic on the Netflix's business growth due to...
The maximium FRED:ICSA since 1967 has not been more than 1m weekly (not even during 2008 or 2001), now in 2020 the US is at 6m per week (see FRED data here: fred.stlouisfed.org).
Inspired by the analysis of @pkcap, all mistakes are my own Chart shows the relationship between the NAS100 index (futures) and unemployment. Note the pop in unemployment due to covid lock down. Will the index fall? Can it be propped up by the Fed until elections?
This chart is the Dow divided by the Unemployment rate of the U.S. I'm not sure if this means anything or not, but it is interesting to look at. I immediately picked out a wedge.... and a gloomy looking one too... October 2020 anyone?