1, I don’t expect you believe it. 2, People like being complicated but market is simple. 3, It’ll retrace several hundred pips and a bull trap too. 4, USoil negative correlation. 5, Market is a mountains.
1, USdollar and DXY index are leading the way of global indexes. 2, If you think dollars are gonna drop then you have a speculative sentiment which means wrong direction. 3, Please checkout commodities future markets there are somethings have been broken already. 4, Please look at XAUUSD monthly chart. 5, Please look at my long term DXY monthly chart. FRB is...
For less sensitive, I updated my chart and this is what DAX looks like in a log scale.If Euro's low reaches 0.85 DAX could run more above 13000 to 14000-15000. There is no "TIME" at all in the universe time is a kind of human feeling market targets could be achieved quickly by volatility. Be careful with YEN, some people are risking Japan so JPY is gonna to be risk.
1, SDR devaluated RMB will drag oz down, a huge move. So this pair is a huge rising soon. 2, Technical truncation and a 5 point triangle or a 5 wave impulse. 3, DXY chart correlations. 4, Pattern BATMAN. Pattern small cluster was completed. 5, Expanded flat. 6, Trend line support. 7, Please prove me wrong. 8, Trade with care, there is no guarantee this...
1, I'm tired of explain CNY devaluation. 2, Fundamental policy decides this and PBOC manipulation. 3, Someone knows nothing about China and RMB currency, please leave this currency alone. 4, A wash out just took place. 5, Lagging from DAX and DXY. 6, Head shoulders USDCNY. 7, Elliot wave evolution, 7 waves power. 9, Thank you for your likes.
Technical: 1, There will be a long lots squeezing below 1.04. 2, Take a breath and dive again. 3, Some labels deleted from chart for conservation. 4, There will be a long trap next year. 5, Harmonic patterns are most suggested here. Foundamental: 6, Now, ECB buying more funds for replacing the hole of pausing buying from 22 Dec. 2015 to 1 Jan. 2016. 7,...
This pair could be ranging for some time to form complex wave 4, harmonic patterns are most suggested here.
Euro has been trading ranged for 7 months and it will last for more could be years should be forming an expanded triangle. So I revisited my back files to pull out 11 harmonic patterns. Let’s see what’s gonna happen today. DO NOT LONG!!! UNTILL 1.03-1.04 reached.
I use harmonic patterns with 2 conditions, first, long term must be wave 4 complex forms, second, inpuls 2 waves vs. inpuls 2 waves look RSI for details. Alright! Let’s play patterns, happy halloween!!! Blue patterns are BATMAN patterns. White pattern is a WHITE SHARK pattern. Light blue pattern is a cypher pattern. Green pattern is forming now, and it looks...
This is a classic flag, FED will rise rates next year but not in 2015. Trading with ranged zone, avoid trended strategy. Be careful with EURO, it could have more easing policy in 2016. Technically point A could be a truncation, equal wave could be truncated. But if 93 is broken DXY will fall to 90 then a nice buying there.
republished: FYI I'm using my own label definition not from any "BOOK". Technically, ABW is a running flat 3-3-5 structure. I agree with signal Suisse. FED will allow some inflation then rates will rise. Same correlation with GOLD.
Big wave IV could test 8000 low(day close points no more than 50% of wave (3) ) and big wave V could reach above 13000 after weaker EURO and US rate hike. If Euro bounces to 1.2000 or XAU bounces to 1200 will trigger those too. Sadly after that, the whole world gonna fall to 7000 points bc of inflation until US rate hike cycle ends by inflation being controlled.
Big wave IV could test 8000 low(day close points no more than 50% of wave (3) ) and big wave V could reach above 13000 after weaker EURO and US rate hike. If Euro bounces to 1.2000 or XAU bounces to 1200 will trigger those too. Sadly after that, the whole world gonna fall to 7000 points bc of inflation