Uncharted-FX

Uncharted-FX

USDCNH has been in an uptrend with multiple higher lows, however, recently this began to exhaust as new higher lows (confirmed by higher highs) failed to materialize. We also had a big resistance/flip zone hit at 7.00 The swing at 6.9785 was an early entry signal, and also because it broke a smaller flip/support level above. Looking for a possible head and...

Uncharted-FX

Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government. Oil here is showing an exhaustion in the downtrend. We seem to not...

Uncharted-FX

Copper on the 4 hour is looking very nice. We have had a prolonged down trend with multiple swings, and this has hit a major support/ flip zone where we would expect profit to be taken, and then perhaps a reversal. We are seeing that price has not been making new lower highs. In fact we can say price is struggling to make another lower high swing. We seem to be...

Uncharted-FX

Bitcoin is back at testing a major fib level which has provided with great support and resistance in the past as can be seen on the weekly chart. Going down to the daily chart and this is made more clear: This level is very clear. Trade idea is on the 4 hour: After an uptrend, we have reached this resistance/flip zone. Currently, we have been ranging for...

Uncharted-FX

My analysis on the equity pairs are still intact from the previous week. Called the first swing, and we got it. Can we expect another swing to the downside? Some interesting set ups are on the daily chart. These charts have broken on the daily and are now retesting. These include the Dow 30 (pictured above), the Russell 2000, and the Nikkei. Some charts...

Uncharted-FX

If you follow my work, I have said that stocks will continue to move higher because there is nowhere to go for yield. Central banks have suppressed interest rates where equities are the only place to go. The time to sell stocks will be when interest rates SPIKE. Likely in the double digits. This chart of the ten year US yield, is very important as the 10 year...

Uncharted-FX

A very nice set up presenting itself for the EURJPY. We are at a very important flip/support zone after a prolonged downtrend with multiple swings. Here we seem to be exhausting the down trend, and are forming a basing pattern here a double bottom/range. Nothing is confirmed until we get the break and close above the 120.40 zone. A set up we are watching for the...

Uncharted-FX

A simple idea. Wheat is showing a head and shoulders reversal pattern. On the daily, we did break out but that has not been sustained. We can see fake out patterns on both the daily chart and the 4 hour chart. Here on the 4 hour, we are awaiting a break of the neckline. This would also confirm our first lower high swing (the right shoulder of the...

Uncharted-FX

Have been speaking about the equities showing interesting exhaustion patterns. Well, we had the break and quite the run lower. Today, the day before the Fed, we have had a move up. Many already saying look how strong the market is, shaking off fears of the coronavirus and other world events. Not so fast, market structure was expecting this pullback, and until we...

Uncharted-FX

This is really not a set up I would trade myself because I like to look for a clear trending market with clear swing levels. EURUSD still looks choppy but has some confluences which have gained my attention. First of all, we hit and reversed at a major flip/resistance zone. From here, it seems we have created a head and shoulders pattern, which again, shows a...

Uncharted-FX

Looking at the Japanese Yen Futures on the 4 hour chart, and we are beginning to see the ending or exhaustion of this downtrend. We are not making anymore more lower highs, and it seems we may be setting up for a first higher low...this will be shown with the head and shoulders pattern we are seeing but awaiting for the trigger. The Yen generally has a...

Uncharted-FX

EURGBP has been one of those frustrating pairs lately, a large part due to the uncertainty of Brexit. After a prolonged downtrend with multiple lower highs and lowers lows, we seem to be exhausting, and did see fake out wicks at a large support/flip zone. From here, we have not made a new lower high, but seem to potentially be making a higher low. This is only...

Uncharted-FX

Natural Gas has been in a downtrend with multiple swings, and we hit a major support/flip zone which you can see on the longer term chart. We began to range on the 4 hour chart, which is a potential sign of a trend exhaustion. We then had a break of the 2.183 short term flip zone, and since then, we are now pulling back to retest resistance now turned...

Uncharted-FX

EURNOK and USDNOK both been in a prolonged downtrend with multiple swings and we have reached an important support/flip zone on the daily chart. Looking to see a reversal here and we already getting signs of trend exhaustion with a potential double bottom pattern and we could also create our first higher low swing here with a break above the highlighted...

Uncharted-FX

Just three days into 2020, and two trading days in, the market reacts to big geopolitical news which shakes the markets. It came out that President Trump ordered a hit on Iranian General of the QUDS force, and Iran’s top military commander, Qasem Soleimani. Markets fell on the news but recovered to end the week close to where they opened, making up for the down...

Uncharted-FX

The chart for Soybeans looking very attractive right now. On the daily chart, we have an engulfing candle at a major flip/resistance zone. This has garnered the attention of any technical traders. Moving down on the 4 hour, we get a clearer picture. We have been in a nice uptrend with multiple swings, higher lows and higher highs. This trend began to exhaust at...

Uncharted-FX

Want to wish my followers a Happy New Year, and I hope you all continue to progress with your trading/investing goals/ambitions. EURUSD looking good near the end of the year here. Seems like we have a Cup and Handle pattern here after a nice long downtrend. One can argue if the daily close is worth entering, or await a close above the 1.1230 zone. Whatever suits...

Uncharted-FX

Before I begin my discussion on Inflation and Deflation, I want to preface by saying I still expect the US Dollar will be going higher, and this will exacerbate the world's problems. This is linked below. Of all the questions I receive regarding economics and monetary policy, the question on what is inflation and deflation, and why it is important, is at the top...