Yesterday's strong rebound indicates that the correction has ended, the US stock market is about to resume its rally, and the US dollar is about to plummet. The following is the most violent three wave market, which is very strong.
This week, gold can bid farewell to its long-term decline, and is expected to rise by 4.5%. It is only a very early stage. Finally, it will test about $3000, but it will not reach $3000.
Silver is expected to rise sharply this week. At present, it is in the 5-3 pull up stage, and the five waves may strengthen, because gold has just started, which is slower than silver.
The gold finally came to the end, which was really painful. It has always been a hidden danger not to exceed $1679 before, but now it has finally broken through. Then it will rise in the next two years, and is expected to rise by more than 40%. 3 Waves can be very fast and violent. It will soon reach $1719, then $1837, then $1876. I believe Comrade Biden will...
This variety may rebound because the monthly line deviates somewhat. In addition to the macd, the AC index also has three deviations, but the ao index does not deviate and is below the zero axis, so there is a high probability that the rise is a rebound rather than a reversal. I expect to rebound to around 0.5 of the decline, and then resume the decline, breaking...
Audusd has a double bottom and is bullish for a long time. In the next round, it rose 21%. In a word, when the dollar reaches its peak, all kinds of opportunities will rise, such as Nintendo stock.
The strength of the callback was relatively large, because gold fell below a new low unexpectedly. But it doesn't matter. The decline stopped today and will soon exceed $20.
Gold seems to be a "three driving" form, which accumulates strength for the next violence. At present, it looks like the last wave of drive 3. I think the correction has been completed and will finally rise this week.
Outstanding buying opportunity, eurosd has reversed, and the current decline has corrected the previous rise. At the initial stage of the rise, the downward revision is relatively strong and is expected to rise sharply soon. The euro is bullish in the long run.
The dxy correction rebound has ended, and the decline is expected to resume soon. Dxy has a huge downward space and is in the early stage of decline, so it is hesitant.
Silver will continue to rise. As I said before, silver and gold will be bullish for several years. The main reason is that DXY has reversed, and the US interest rate increase is unsustainable.
The US bond yield is expected to drop to close to 0% again soon. I don't know what will happen next, but it must be something bad in the United States. Maybe it's Biden's shocking scandal, maybe it's Biden's sudden death.
This variety matches the standard model very well, and it will be recalled for a period of time. This also implies that both EURUSD and GBPUSD will rise, and that the pound is stronger than the euro.
This chart can be used for many more weeks, and now you can hold your position in the medium term. Of course, it's not a big problem if it's a little lower than my prediction by 5%. It doesn't matter if there is no big leverage for value investors. The rising space is still quite large. Now, in a three wave period, it is not expected that there will be any big pullback.
To supplement the analysis of DXY yesterday, the signal of the end of wave a is that the RSI of the monthly K-line reaches around 50. After a period of correction, I guess the a wave will arrive at the end of November. The correction time may be short or long. Mainly focus on RSI = 50.
In the next year and a half, USDCAD faced a huge decline, which was also due to the passive appreciation caused by the rapid decline of the US dollar. The US Federal Reserve raised interest rates too aggressively, resulting in two consecutive quarters of recession in the United States, and it can only cut interest rates quickly. The purpose of this US interest...
The happy time of the US stock market is beginning again. The deep-seated government in the mid-term elections will make the stock performance quite beautiful. Although I like trump, he really can't defeat the deep-seated government composed of the world's elites, who continue to promote their ambition of unifying the world.
The bull market in the US dollar since March 2008 has reached its peak, and it needs a sharp correction, falling to around 81 before it can be reversed. The first round will test about 98, and the second round will fall to about 81. Then the US dollar will start 3 waves or Y waves. The long-term decline is beginning or has begun. The asset carnival is about to...