maccabean

maccabean

Due to the nature of the support and resistance lines, should the US dollar move up or down from these two levels, this will have important long-term implications for the US dollar. My bias is towards the upside.

maccabean

Perhaps a good place to buy the ETF or bet on US dollar strength. If the price falls below, i'd be saying 'watch out below!' and therefore recommends stops below support.

maccabean

Price getting squashed between resistance and 100 day moving average. Negative divergence clearly forming is a signal to sell. MACD crossover with price dropping below 100MA is a good time to short.

maccabean

It currently dropping to a formidable range, but at the same time it's dropped below long term support. What happens next?

maccabean

Look for MACD crossover to confirm as it did previously.

maccabean

Bounce up from 200 day moving average (it's still upwards trend) + Fall back within bollinger band + Bounce up off lower support structure + Attractiveness of US assets I'd look for an entry when the MACD plateus or turns up with crossover.

maccabean

Then I will be confident to announce a base is in.

maccabean

A confluence of support will likely be a level from where the USDJPY will bounce higher from. In the context of higher demand for US bonds by Japanese investors, this makes sense.

maccabean

The USDJPY has fallen 9 days in a row, the longest falling stretch since 2011. I think that a retracement is well overdue and the last line of support before the next target will provide the excuse to move up. I see USDJPY drops tempered by the US raising rates, possibly in April.

maccabean

The Australian dollar shall not pass!

maccabean

AUDUSD to trend upwards due to lack of downward pressure.

maccabean

Going down now.

maccabean

If it drops below the line down to a .75 handle, I'd sell this.

maccabean

Looking at a continuation of period 6 to 2019. Then a rebound after the next recession.

maccabean

EUR/GBP could go either way. Perhaps sideways for the time being

maccabean

sell

maccabean

Could go either way, but opportunity to trade the volatility within the triangle.

maccabean

Stock Trading rule no. 1. Always follow the trend because the trend is your friend (or your worst enemy). If you would have bought and held this stock at 90% of the points since mid November, you would have lost. You were very lucky the stock went up yesterday. There is a very, very, very, very high chance you have not picked the bottom and that the stock will...