A strong U.S. dollar could be bad for large-cap multinationals because it makes American goods more expensive overseas. If the U.S. dollar continues to appreciate, then it could also have a negative long-term impact because those overseas consumers will begin to turn away from American brands. On the other end of the spectrum, domestic companies will not be...
The dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness. It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line...
TTM Squeeze is almost never wrong when it says up, even in this major downtrend. Looking for catalysts? - Political gridlock on stimulus - No Deal Brexit - Covid 19 flaring up - Short term target is just above 25 - Longer term, if this is a bottom or should there be another liquidity crisis, this could go to 27 and beyond. Disclaimer: The above is not an...
The whole rally the past few weeks seems attributable to the decline in the dollar. And it doesn't look good with a giant descending triangle. However, here we seem to have found some gentle support on the bottom end of the bollinger band. Looking for a very short term (3-7 days) bounce here commensurate with an SPX drop. 25.5 seems like the obvious exit...
Flip $BTC upside down! But don't just flip it, make a relative strength ratio with multiple indexes. How about $DXY and $UUP?
This makes it even more clear that for the short term trend, USDT is the asset to own until we fill that gap. Once we fill the gap, we can decide the levels for entering the crypto market long again. Keep your head on a swivel!
This one has more confirmation that the trend has changed. We see the stochastic RSI and the MACD giving the same signal, which is to own USDT. How about the weekly?
After a market move like this, it is important to ask yourself, did I raise enough cash? Has the short term trend (3 weeks or less) changed? So now we will look at the charts on a multi timeframe duration to decide where we need to be positioned. The chart we will be looking at is UUP/BTCUSD. UUP is an ETF that tracks the price of the USD. Sometimes it helps me to...
The USD, reserve currency of the world, is about to breakout from a VERY LARGE wedge on the same day that volatility spiked with historical volume and 10 year bond yields started rocketing. Is this yet another red flag for investors? A rising USD is another sign of impending liquidity crunch, debt implosion and stock market crash IMHO. It might mean people are...
UUP and DXY forming a descending channel +1.3% upswings, -1.7% downswings wide. Inverse head and shoulders appearing, a touch between 25.03 and 25.08 sets up for a breakout entry, escape price 25.18, last key resistance 25.25 Getting long between 25.03 and 25.12, targeting 25.19 then 25.25. A break of 25.25, worth adding size to jump into the gap between 25.40...
With all the bearish sentiment surrounding the dollar index, I'm looking to be a buyer. We have a lower trendline @ 24.50 area, and the weekly RSI 14 is at 31.51. In the past 14 years, every RSI level below 30 has resulted in a swing gain of 9%-25%, even if it didnt capture the bottom. Cost averaging improves the accuracy of the dip buying. Lots of support at...
The dollar has been hit very hard lately with all this money printing from the Fed but some argument support the theory that it will soar one last time before the true descent. The stock market (SPY) is climbing its wall of worries. It will break new highs if not done already by the time you read this. But then when it corrects, bonds are going to soar and...