DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian...
One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...
Last week proved quite eventful for financial markets. More than we expected.
The Federal Reserve cut its fed funds rate on Wednesday by 25 basis point to a range of 2% to 2.25%. Fed Chairman Jerome Powell said, “It's not the beginning of a long series of rate cuts,”. The current rate cut is a reaction...
As volatility has come back to the global markets with a vengeance, one headwind that continues to blow even stronger continues to be the US-China trade war. On August 2nd, the US unexpectedly imposed additional tariffs on Chinese goods, with the Chinese now threatening to retaliate in kind. As a result of this renewed volatility, Emerging Market stocks ($EEM)...
After a volatile week, $QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment.
However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the...
Yesterday, markets somehow tried to price the rate cut in and realized that the door that has been opened for a cycle of rate cuts by FED is not the beginning of a downward cycle.
Therefore, the dollar continued to dominate the foreign exchange market, but the stock market was experiencing problems.
We would like to draw attention to an important nuance in the...
If you´ve been looking around the U.S. banking sector you got to be depressed. Not one decent long setup. Sadly is that many of U.S. banks stocks are at a great discount at the moment. However they can get even much cheaper! So insted of going short in the majory of individual bank stocks i picked the KBE ETF. Could be XLF also. And the weekly TF presents a great...
UK monthly retail sales were expected to decrease by 0.2% however, but fortunately, we observe the increase by 0.2%. The pound was trying to gain a foothold above 1.21. Although the attempt failed at the end of the day, we continue to recommend buying the pound both mid-term positions and on the intraday basis.
Pound back above $1.21 but not for the log time. US...
dollar index is currently coiling within a rising parallel channel.
be focused on 98.2 structure resistance level.
there is a very high chance to see a bearish reaction on this level.
if bears break and close below the channel,
we can expect bearish continuation to 97.5 and 97.0 levels
Today we are writing about the best deal of the second half of 2019.
While many believed that this is the pound purchases (this is potentially the best deal in the foreign exchange market, but not in the financial markets as a whole), but no, the best deal is natural gas purchases.
Its current price looks extremely attractive for several reasons.
let's start...
This is a pretty easy one to get in on and make some quick money. Previous lows and highs tested and market has shown that the impulse move up (TRAP) is short lived by weakness and falling volume.
152+ PIP opportunity here if conditions are met with price passing and checking current support. Look left!
Watch this space as XRP finalises it's wedge. We have support from the current long term channel plus completion of the D point on two wedges approaching the consolidation area.
Could we be looking at $7 targets or a drop down to previous support?
Sebastian Klopfer O_o
Daily Chart Explanation:
- Price reached our first target at 55,3.
- Price reached our second target at 51,5.
- Now, if it breaks 50,30, there is potential to move down towards the third target, the Support Zone at 44.
- We are looking for sell setups on lower timeframes.
Our Weekly Analysis supports this Short Idea. Take a look at our last predictions on this...
The S&P 500 was hit hard this week after macro headwinds such as the less than dovish Fed meeting, and more China tariffs, the $SPY has taken a beating over the last few trading days.
However, despite this short-term rough path, it appears that a "Bull Flag" ("Flag") seems to be forming at the moment. If prices can bounce off the bottom of the Flag at $288, move...
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