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Price bounced off the daily pivot and has reached the .5 level of the last down move. It was rejected at a solid level of resistance (red arrows), so may continue down from here. China tariffs news may cause a spike up through resistance on Monday to test the .618 level, but given current bearishness, I don't expect price to reach very far up. Especially given the ...
Since the begining of the rise in 2 year yield, USD was following closely. However, USD did not follow rates to new high, but diverged instead. Note that the momentum in 2y yield is slowing, which could portend fall in interest rates in not very distant future, which could in turn hurt USD.
Price retraced to the .618 level and made an inverse head and shoulders on the daily chart and then broke slightly below this level. It then retested the trend line at the top of the channel and was rejected. Price may bounce off the daily pivot, in green, and retest the top of the channel and potentially break out. However, I am also watching for price to ...
Detials On The Chart
Ever since mid August, the US Dollar has maintained a much stronger correlation with the US yield curve. To illustrate this relationship, in the chart one can see the curve in blue and the DXY index in green, with the red lines the long and short-dated bond yields. As the focus shifts towards re-pricing a more aggressive Fed cycle, expect the US yield curve to ...
Head and shoulder forming on the daily
LONG US30 for 26000 again. This inverse HS is on the Daily
Reason to Long
2) 2710 - 2730 = key support area
3) Rejection from 0.50 - 0.618 fibo area
If we are in an ABC correction and C extends to equal A then, according to my calculation, C should end at the purple line, which is the February high. A drop in price from there would leave a Head and Shoulders pattern.
This latest channel is clearly starting to lean, so I expect price to fall soon, however price could reach the purple line without necessarily ...
Price appears to be turning upwards and has created an inverse head and shoulders. This, though, without having reached the 23,800 level which I identified as a possible completion of an ABC correction. In addition, price hasn't broken out of this recently formed channel and is also at resistance on the 4 hour chart and is testing the 200 dma. Unless price breaks ...
Dax outperforms SPX as long like 10 Year Bunds Dollar Hedged outperforms 10 Year Bunds in euros
Price has retraced 50% of the last up move. There is significant support just below the .618 level. If prices continues down to this level an inverse head and shoulders pattern may result, potentially signalling another solid move up.
looking forward the new high of US30
stop loss 27000
take profit 23500
US10Y US02Y Bond Spread
US10Y US02Y Spread
US10Y vs US01Y Bond Yield
Detials On The Chart