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USDMXN seems to be moving within a downward channel for the last 6 months. Banxico's more proactive monetary policy (rate hikes) than most central banks, particularly in developed markets, have supported the Peso during this period with a few bouts of risk off, like the one of the last few days, that have pushed the cross close to the upper limit of the channel...

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the move higher in US10yr yields seems to have reached our fib target level around 3.17% while breaking the major downtrend (blue line) in place since 1982!. for the last couple of weeks the move has been consolidating/correcting and re-testing said downtrend while holding above it. this could be a textbook case of break and re-test before a continuation towards...

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US yields have continued their move higher after our accurate call for a breather and our suggested targets were reached a few weeks ago in our february call for 10y yields. TLT has now moved to the "support" area that has proven to be a good buying opportunity a number of times in the last 15yrs. Inflation is here to stay and the FED who has been late seems ready...

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GLXY has been correcting/consolidating during the last year but is starting to show signs of a potential new bull leg. The upmove from 2020 to 2021 was impulsive in nature (white) and has been correcting/consolidating (purple) forming a slightly downward channel (blue). Price has recently broke above the 55wk EMA (yellow) and needs to stay above there and break...

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Recent months has seen the EURUSD on a clear downtrend. Fundamentals continue to point in that direction. Inflation, inminent Fed hikes, weak growth in Europe vs. US and to top it all the war in Ukraine has pushed Europe into a crisis. However, from a technical point of view the move is starting to look stretched (Stoch and TD Seq) and has not broken yet below the...

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The latest upswing in US10yr yields seems to be ready to take a breather supported by technicals and the geopolitical situation. Rates broke to the upside of the triangle (purple) a few weeks ago and have reached the projected ideal target in the 2.02% area while looking a bit streteched in the short term (Stoch RSI) and TD Sequential. This, plus the geopolitical...

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AMZN has retested (and failed so far) to regain the uptrend broken in January. The current bounce is facing resistance in the $3235-$3360 area where the broken trendline (purple), 50wk ma (yellow) and fib retracement lvls reside. As long as it fails to regain above those levels there is potential for a move lower with targets @ $2625 (min), $2222 (opt) and $1570...

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DXY finished its expected correction consolidation from our last posts @ around the 94.5 area and its moving higher again towards our long standing ideal targets of 97.7 with serious potential to reach the 99-100 area given the H&S structure (orange), current oversold conditions (Stoch RSI), Fib & Elliot wave targets (white) and retest of the broken downtrend...

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At current levels ($64), XLE seems to have have done a textbook break and retest of the downrend (purple) in place since 2014 that wold indicate a powerfull move higher is in the cards. However, the impulse move since the lows of march2020 seems complete and XLE reached its minimum target in the $66 area last week. This, plus overbought technicals (Stoch RSI)...

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BTC seems to have meet minimum targets for Wave (5) @ 69k last November (white). However, the current move could still potentially be considered part of a Wave (4) which means that we could could see a Wave (5) to new highs in the comming weeks for a shot to the 90k target (orange). In any case, the current down move seems ready for at least a bounce on oversold...

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Another relative value chart. Gold has underperformed the SP500 in a clear trend for the last 2 years. We are now testing that trendline (yellow line) and a break could signal a period of gold overperformance in the next few weeks. if we break we could see a move at least to the 55w ema that acted as support a few times last year. keeping and eye on the weekly...

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GLXY failed to make a new high last november and has been retracing since forming a wedge where it is currently testing its lower bound and also where the 55w EMA $22 sits. This levels need to close on a closing basis in order to think that GLXY still has a shot at breaking on the upside towards new highs. Stochastics signal oversold conditions and we are a couple...

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Roblox Corp. has retraced all the move since the breakout of last November folliwing its earnings call. A couple of days ago it covered the gap (purple) left back then and has started to move higher. The Yellow line ($77) is the level to watch in the next few days, this area needs to hold in order to think that the correction is over and a break of the blue...

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Emerging Markets are showing signs of life at least for the short term. After years of underperformance discussed in previous graphs. EM is at extreme oversold lvls vs DM and showing signs of life. A weekly close above the recent downtrend (blue line) would be encouraging for a period of outperformance with eyes on our longer term charts previously published where...

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Similar charts making the rounds today and reinforce our view that EM will be a better place to be over the next 10yrs. This relative value chart indicates that EM has gotten too cheap vs S&P and showing signs of being oversold and close/at an inflection point on different TA indicators. Long EM/short DM is the trade for the next 10yrs. For naked EM longs look for...

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DXY has been following our script for a few months and has reached our minimum target (96.1) for this move. Some indicators are starting to show overbought conditions (TD Sequential, Stoch and RSI) so we are likely to see at least some consolidation/correction of the lastest move. However, our preferred view is that after some consolidation, this move higher still...

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TSLA impulsive wave structure looks already complete or about to be complete in the $1,400 target area based on Fib ratios. Stochastic and RSI indicators suggest overbought conditions and that a deeper correction might be already on the way. Not much support until the $700 area where also the 50w EMA sits. However, that is 30% lower from current levels and 45%...

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After the recent consolidation/correction in a triangle, GLXY seems to fianally breaking to the topside and joining the recent BTC/Crypto rally on what could potentially be our awaited wave 5 discussed before.