Greetings community As the crypto giant sets the tone and leads the pack, it is evident to see examples of 'impulse-correction-impulse', or 'drop-rally-drop'. Whilst down significantly, it is still up significantly to early adopters. It is sometimes good to remember that even with this plummet, BTC still is, and will always have the highest growth factor and ROI...
The patterns are there if you look close enough you will see them. EVERY MAJOR ECONOMIC HISTORICAL EVENT HAPPENED IN MARCH. EVERY SINGLE ONE. - We are not in a recession. The recession has not started yet but it is imminent. Something to keep in mind is when the economy is in a recession the dollar deflates not inflates and unemployment rises. Something big...
Get ready for something we have never seen before in American history.
Hi traders this analysis is very simple and uses some basic methods. I'm using the "filling gaps" method, the SP500 During the last years this method has been simple but effective. I'm worried about the gap left in November 2020, the SP can easily go and fill it considering we are only 15% above it, and in June 2022 we dropped 12% in a single week. This gap...
This analysis has a lot to look at. Lets begin with the DXY at the end of the 70s, those times my parents were just born, so I had to do research. The US 70s crisis. According to the information I gathered, this crisis was due to the trade balance deficit. A strong speculation against the dollar appeared due to the American economic weakness. In March of 1985...
- Sanctions, led by the U.S. in hopes of punishing Russian aggression may NOT have the impact the U.S. is hoping for? Could they actually backfire? - Saudi Arabia rejects Biden's request for talks on increasing oil production and instead announces that they are considering accepting Yuan instead of dollars for Chinese Oil sales (per house rules, links to sources...
Hey traders, in today's trading session we are monitoring US500 for a buying opportunity around 4220 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Negative NFP for USD didn't make USD pairs go the other way because US economy is very strong and DXY will raise soon. NZDUSD looks very berish on weekly and I found and entry Friday on the 1h. What I see is a bounce from 0.67200 area where there is a daily resistance/support, then back to the yellow line where there was a previous support ( which you can use to...
As of writing, the DXY is trading at 93.355, down by 0.50% on Thursday trading. GDP growth in the US may be contributing to this 4-week low in the dollar index. GDP growth missed expectations for Q3 2021, reporting in at 2.0% rather than the expected 2.7%. Q3’s GDP growth represents the lowest value reported for this data point since the US began to recover from...
Hello friends! It's been a while. Many apologies for that. Life has been busy so I haven't been able to dedicate much time to T.A on TradingView. I have recently pulled out of Crypto, just waiting to see if Bitcoin decides to break-through or crash. Patience is key here - keep cash handy. You want to be sure of your investments (easier said than done in these...
NO VOLUME and making new highs, BEARISH DIVERGENCE, as you know APPLE is one of the major stocks for the US economy, I can see that right now theres is a big bubble around american tech companies, (google, amazon, facebook, etc) So in the next coming years we MIGHT see a huge crash in american stocks, and by consequence in US economy. And Im not sure about this...
We've been on quite the bullrun this year. I think it's time to go short. Technically: For the first time this year, we have fallen below the 50ema on the Daily and failed to recover above it. We normally recover same day or next but its been 6 trading days below the 50ema. We made a lower low in June which signaled a sign of weakness in the uptrend. Now we are...
Wanted to share this around the outlook on the EUR and Dollar. Looking at a more long term chart one notices the weakness in time of the EUR versus the Dollar. All simple and forward. The dot.com bubble burst was more difficult for the EUR zone then the USD. Same for the subprime crisis. Then came the negative interest rate in Europe. And that sucked most of the...
Federal Reserve Chairman Jerome Powell on Wednesday February 10 painted a bleak picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative monetary policy that embraces the lessons of the past” regarding the benefits that...
THE US DOLLAR (DXY) SITS AT THE TOP OF THE 3RD OF A SERIES OF BEAR FLAGS WHICH HAVE BEEN PRINTED SINCE THE BEGINNING OF 2020... THIS CURRENT LEVEL (THE CLOSE ON 2.3.2021) = 91.101 (What an interesting number for a possible break down hmmmm) was support & then later resistance before breaking thru higher in 2018... now we appear on the verge of a break down from...
1- Dan Lok, motivation success coach that preys on impressionable 20 yos, sued by real owner of "his" mansion 😏 *********************** Yikes. The self proclaimed "best selling author" and "world's #1 closing & influencer business strategist" that got into 6 figures debt and failed 13 business attempt in a row before "becoming a multi millionaire that now wants...
I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...