$DXY Head and Shoulders Pattern and Yes thats the neckline
This circular relationship is leaving many analysts puzzled as to what's next for the Dollar. Weight of the evidence points to a lower Dollar for now. A truly weak US Dollar means the clocks ticking on the current bull market in Bonds and subsequently the upward trend in equities.
When the 20ema crosses below or above the 50ema, it has been an amazing signal in trend reversals. Creating the strategy on your own is very easy to build and follow. The inverse of the TLT is TBT; which could prove to be interesting if we continue to see interest rates tick higher. Important to note, that the Bull-cross has been much more indicative than the...
We confess to being Dollar bulls (although only in a general sense) given our bearish outlook for the global economy, but the greenback smash the Fed has orchestrated here over the last four weeks has been truly astounding. What now? We're still long Dollars - too late to flip now. The 61.8% Fibo should prove formidable resistance but if it gives way a path to 99...
Chart should be self-explanatorily awesome and super heady. Psychedelic colors, curvy curves, a sick retest of lows, and a bodacious bounce on the 50... Even a fatty volume breakout. Something for the whole family to enjoy! LONG! BULL! $GLD $GDX $GOLD $XAUUSD
note that this is not my usual forecast which yields 100% success rate. Just a sketch! !!!No harmonic pattern, no Elliott wave!!!
The U.S. Federal Reserve is set to cut interest rates by 25 basis points in the coming week (July 31). The odds for at least another 50 basis points by next January are around 61.9% according to the CME FedWatch Tool. Yet, the U.S. dollar index (DXY) has regained new life. After breaking critical support at its 200-day moving average (DMA) in late June, the U.S....
Watched an episode on Real Vision by the Structural Momentum Analysis. I did my best to re-create their measurements and came across this. The DeMark on RSI using the settings of Structural Momentum Analysis for the BASE money supply. I crossed it with QE dates and used another Real Vision legend in SautiagoAuCapital's theory of a rise in $ value as the world...
After the FED, the economic context and mainly the supports and resistance. UUP Short, on is the way to the next support. Good trading all!
The Macro Strategist team was largely skeptical of gold's sharp, dramatic rally in late 2018. It's not that we didn't understand why gold prices were rallying, but we significantly questioned the momentum and conviction of the move. We began analyzing the volume of the move (Yes, volume matters ), and noticed that total monthly volume was declining. Not a...
High probability trade.