1- BUY CLIMAX "BCLX":The buying pressure culminates, where purchases are being absorbed.
2- AUTOMATIC RALLY "AR":Where the buying pressure has been exhausted a surge of sales can make the price fall, this fall in price helps us define the trading range "TR".
3- SECONDARY TEST "ST":Price revisits the "BCLX" Area .The volume and the price distribution should be...
A break out from this level will bring further malnutrition state to the Asia Stock Market.
A failure to break out but reversed all the way down or even breaking down the EMA200days support will bring cheers to the Asia Stock Market.
In recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle.
Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly,...
This is a compliment to my analysis for Gold.
As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar.
I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart.
You can't make these things up . I mean you see primary bullish momentum on monthly...
US Dollar Index Futures: The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with blue arrows. Remember, specs are quite long the greenback. Expecting a weaker USD.
I think not -- I will be looking for a hit of the box, at the multi decade trendline, in ~2021. Until then, advances in Gold when USD declines are too small, and declines in Gold, when USD advances are too large to warrant holding them as opposed to just holding dollar.
The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.