2022 had been a good year for the US dollar. There are a few factors that have contributed to the dollar's recent surge. One key factor to consider is the role of the dollar as a safe haven asset, particularly as a hedge against inflation.
Previously, investors had been using the dollar to protect their wealth against rising prices, as inflationary pressures...
This probably the last wave before the huge move to the upside happens. I still maintain a bias of commodity currency boom and commodities long term view. With a basic understanding, Say's law. The one thing giving true value to commodities and commodity currencies is really green energy policies. Suddenly we have a shortage of everything everywhere. The...
With a 15% volatility move on XAUUSD and a strong demand for the dollar. This is my projected move for XAUUSD.
The idea is based on fundamentals on the dollar and how it could possibly affect Gold price movement then volatility and Fibonacci retracements on the weekly timeframe to forecast price targets.
Things you should not bet against and one major of them is commodity currencies. I have done research based on sentiments and everyone is looking for a crisis out of china to be break its market, especially in the housing market.
This is my personal view based on a group of commodity currencies a reversal in all of them in almost certain. Will this push for a...
The Japanese is still undoubtable the weakest currency across major pairs. The Bias towards this trade is based on the Dollar. I think the USD has peaked and it will either consolidate or Down creating a Risk off environment strong enough for Equities also Technical analysis confirms this. Considering the correlation between the CHF and USD this is where this...
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down...
Copper has rejected an important level also violated EMA's to show a clear correction. Natural gas following the same path lagging but to follow the similar path I think, Option Volatility in commodity currencies such as AUD,NZD have been of interest the past two weeks.
Selling commodities and Commodity currencies, Buying the Dollar and waiting for and an entry...
Corrective move down
Currently at wave (B) while wave A was a 3 Wave daily move down. What I expect to be wave C could also be a 3 wave (Y) down.
Either way the weekly timeframe is a corrective move down.
Trading with the weekly trend down.
5 Wave move down was completed and noted as wave 1
A corrective (3-3-3-3-3) noted as...
1. 8/13 EMA daily timeframe crossover has triggered a bullish sentiment
2. Retracement of the previous swing is 0.786.
3. Current projected of is 100% of the previous swing pattern could be 3 or 5 wave move.
MERRY CHRISTMAS AND A HAPPY NEW YEAR.
From a weekly point high to low, the retracement to 0.236 was completed. with the previous wave failing to make up to 100 Fibonacci extensions, ruling out a possibility of a Wave 3 weekly and to a Running ZIGZAG.
4hour timeframe forming wave 1 daily.