Neat little comparison with 1/USDSGD from back in 2016.
This can be how reversal patterns form. If oil manages to keep strength into mid April and move into a choppy shockwave that kicks people out, then theres a chance of pumping and reversing even more damage above $34.
If he continues to follow a similar structure to SGDUSD then we can expect new lows...
Little bit of complacency showing on this market bounce and the fear is never too far away from spiking on bad news stories.
At the same time we now have corona mooning and NYC shut down its hard to imagine how much worse things could get, and the VIX already climaxed hard.
Blowing up north of 80 again would invalidate and would be pretty awful for the world.
With the markets going increasingly risk-on, any bullish price movement in gold is suspect.
So far this year it's had a strong rally out of that accumulation zone, but soon we should see whether it was a simple fakeout or a continuation move to new highs.
Gold is still at risk of giving back all gains received in Q3 2018 if he fails this range completely....
UK has been rather weak with all the gnashing of teeth over Brexit, while the US leaves the world in the dust.
Here is the FTSE 100 priced in US dollars as a ratio to the Dow Jones. The BOJO election came right at the tip of the spear and the FTSE is now screaming up.
We could be in for a counterwave in relative strength with a 2b back into this range for...
Major US indicies finally got their convincing breakout after the dump of Christmas 2018.
However the Russel has lagged the whole way and has failed breakouts several times (signalling big market pullbacks).
Now however the breakout looks more convincing and may have a higher chance of confirming as the bigger indicies continue to push all time highs.
Sentiment is starting to turn but still a lot of bidders here.
However there is also a high degree of caution so it could work in theory as a bullish scenario if the move outa here is violent enough and not massively telegraphed.
At stake here is the potential continuation of the 3k->14k bull trend so if this happens the market makers want to make sure that as...
Capitulation and Anger stage of this very violent crash cycle on STMP has been reached - now we await the depression phase before potentially following the path into next pump cycle as indexes and markets around the world go risk-on
This shockwave still has people divided but you can't deny a 40% candle is bullish AF. Some of the more bullish scenarios here: How can the MM pump this asset without the majority of people being involved, keeping them skeptical of the run?
if he can start pushing that 5.8 level it would be a signal that the market is going hella risk-on and would mean that new highs in the Nas/Gold ratio are more likely. This could translate into a wicked stock market pump with a sluggish or even falling gold over next couple of years.
With the release of significant Tether/Bitfinex FUD today litecoin hardly budged and quickly regained the level taken.
In this case I'm going with "the trend is your friend" as everyone wants to call tops on this, we could easily see the current shockwave break up and challenge the recent highs to get around $100.
Price only goes up or down, but the paths it can take are infinite.
To help fight my biases I take a number of potential paths including important zones where price is more likely to stall or bounce.
With ETHBTC the over-all shape since the lows is that of a large flag which could lead to an impulsive break up. The move resulting from this would be powerful, but...
SNAP has thoroughly rekt millenials for a couple years now and finally reached a price where buyers were willing to accumulate down in the $5-$7 range. A lot of people are now convinced that snapchat is dead, but may end up being surprised.
Breaking this angle would have me targetting the volume core of 13-14, with a second target in the $15 range.