Deep-Peat-Shark

Deep-Peat-Shark Updated 

Weekly chart says it all. Agrees with UJ Seasonality and USD devaluation.

Deep-Peat-Shark Updated 

In January I posted a lighter version of this chart, with less symbols on one chart. A have to admit it turned out a bit like a can of worms but just because of the many markets comparing it gets more interesting in my opinion. Between January and now and adjusted my Gold expectations and it does perform even better than I expected it would do at first. This...

Deep-Peat-Shark Updated 

Possible GBPCAD outlook for later this year and next year

Deep-Peat-Shark

On the daily timeframe USOIL may be used as a leading indicator for CJ. There is a few days lag between the two as Japan be the net importer of oil and Canada a net producer of the same commodity. The correlation is pretty much consistent throughout the year as can be seen from the correlation coefficient indicator below as well.

Deep-Peat-Shark Updated 

All markets correlate perfectly for a big event such as a retracement of 2003-2009 EU rally..

Deep-Peat-Shark Updated 

Momentum of both USD and CAD indicate UC may be preparing another deep drop.

Deep-Peat-Shark Updated 

Looking at GBP and CAD equally weighted indices alone already, something tells me GBPCAD is heading for an uptrend. This combined with the knowledge of UJ seasonality state of the market I reckon we have a high chance for a GC reversal at this price level.

Deep-Peat-Shark Updated 

As I a writing this USDCHF is going into a fall to at least close the gap and potentially continues down for another 400 pips.

Deep-Peat-Shark Updated 

GBPCAD doji and 4h diagonal support signals possible reversal and bullish continuation of this hour.

Deep-Peat-Shark

Is BTC going into a reversal and completing a Head and Shoulders pattern or will it retrace into the previous appreciation? Either way I expect BTC to rally to 8400 or 8800 this week as USD depreciation continues after a disappointing NFP report.

Deep-Peat-Shark

On the currency strength chart USD devaluation continues steady and today some strong USD reversal signals are visible on the lower time frames, The start of a bearish weekly candle is confirming my expectations for this week and first strong support seems to be 80 pips down.

Deep-Peat-Shark

CAD reaching resistance. Although Oil is still rising there will likely be a little bit more upside. With strong USD and JPY selling pressure we may see UJ break support at 110 this time around once CAD reverses down.

Deep-Peat-Shark Updated 

A descending triangle on 15 minute time frame towards the NFP later today.

Deep-Peat-Shark Updated 

Today is stop hunting day. Smart money and market makers who have to pay profits later will be hunting for your stops. This is rightaway a positive signal for the long awaited UJ Seasonality drop. Previous years we would see similar activity and I posted an idea on this back then. That occurence itself was also a repeated pattern and it can take up to 24 hours....

Deep-Peat-Shark Updated 

Maybe a bit early, but looking at current market data I have plenty of reasons to believe USDCHF is forming a Head and Shoulders pattern. For instance it would agree with UJ Seasonality. Trends of CADCHF and CHFJPY allow you to see where the third pair USDCHF is heading, a correlation technique I often like to use. Momentum of the three pairs is forced by laws...

Deep-Peat-Shark Updated 

CAD devalues, likely because of USOil losing value at the moment. Japan being an Oil net importer will benefit of a dropping Oil price and both price changes make CADJPY a good pair to trade.

Deep-Peat-Shark Updated 

BTCUSD price action on the daily chart is a huge descending triangle from its peak in December 2017 till today. Because I noticed the love for number 8 at some support / resistance levels I was looking for a final touch of 8000, and there may be, where the descending triangle will drop the price into the Abyss. At the same time a press release from George Soros...

Deep-Peat-Shark

I like to plot USDXXX and XXXUSD against DXY or Equally Weighted USD Indices like the EWI I prefer because then you can tell if the USD is devaluing faster than the other currency of the named pair, in this case MXN. First thing I notice is the strong correlation. Even though quoted in USD a pair does not have to correlate that strong if the other currency is...