Is a breaking up due?
Your guess is as good as mine. Only thing I know is that indices are not in an area I'm willing to keep my normal positions on.
Trimmed already yesterday and upped my stops on most positions except bonds and gold, as was posted during May
and and early July
Momentum is showing a hidden negative divergence as printed a HH while the...
What a great run was this of course, up more than 200%.
Starting to approach possible demand zones, while the correlation to dollar index remains strong on a yearly basis.
If this doesn't prove the emergency of global needs towards commodities and shortages, I don't know what else can prove it.
More often than not, commodities trade inversely to dollar index....
Well, sometimes it takes a little time for a successful trade, sometimes takes a lot. This particular one has been running for more than 6 years now and maybe it will need a breath before the next leg up, offering a better entry to those interest or adding positions opportunity to those involved early.
Although still inside the mother candle of April, that is...
Everything is still bearish but remains to be seen if this DZ has any power left as in the first visit reaction was poor.
Failing wedge broke down, Bollinger Bands are still open indicating that squeeze is still on and relative volume is increasing while in selling mode. AVWAP (green line) from major 2020 low was violated to the downside as the main TL from that...
While against other major and emerging currencies is near the highs, gold against the dollar shows a double fake breakout against 2011 high and a double top with momentum weakening and show itself a topping H&S pattern.
As everyone, including myself, awaits the breakout of this giant C&H pattern, from 2011 highs to 2015 lows, I'm very much afraid that possible...
Right above is the usual monthly supply zone from 1.020 to 1.035 where price reversed the last 7 years
A possible obvious reversal on the daily and a close below the big level of 1.00 will probably give us a short signal at least for the near term horizon to retest demand levels, as Swiss Central Bank has entered the global race of currency devaluation
Facing broadening formation and momentum resistance after +6% in this quarter, crossing above last year's high
Geopolitics in place as China is trying to weaken it's currency following Japan's lead. 2019 & 2020 double top
will be difficult to break at once, but you never know in the current environment.
Give it maybe another quarter or less before the US will...
Maybe will influence the dollar which is at resistance area and euro at support
After the major low of September '20 in the attached chart, its the second time
that yield spread is visiting the 2% area. Probably we'll need a third before breaks
the area for good.
I see no reason in buying the euro except for the long awaited bounce, which will be proved another...
Since this chart published during August 2014, after a first momentum burst, dollar stayed in a trading range for more than 6 years.
102-103 area, coinciding with 61.8 fib from 2001 high to 2008 low, proved too tough to break, after the target of the broken triangle reached during January 2017.
Now, it's third time visiting this area. More often than not big...
Big trends are coming when the two of them, supposedly both safe havens, are decoupling.
Yen is being devaluated to produce the desired inflation for Japan and gold is doing it's thing,
absorbing all the purchasing weakness of the currency.
If wave 5, as it currently looks maybe will take a breath at 1.618 fib around 27000 before resume
the uptrend in the years to come.
Attempting a second break out from twenty plus year resistance.
Maybe Japan will get the most wanted for three decades inflation after all.
The huge IH&S formation gives the unbelievable probable target of 175.
Shake outs are to be expected as it is already in the overbought area but
last time RSI was this high the pair travelled north nearly 1,300 pips...
Problem is that demand zone is not fresh and secondly, price broke down from Sep 20 low at 39,573-red dotted line-which was the last cycle low.
We sure can get a bounce from the current zone as a bear market relief one, but probably after a few days rally price will
start coming down again possibly until 2nd or 3rd week of February, where current intermediate...
Horizontal support along with uprising TL from Sep 20 together with AVWAP from the same period provide a critical area.
On the other hand, there is a H&S with neckline around 42K area that if breaks down and proved valid (reach at least 3% below NL) gives a potential target around 15K-15.5K.
Critical here, price is below POC in volume profile, currently in a...
US lagging so far and the question remains about how much taper is
already priced in.
Staying short European bonds working well for the last three months.
We maybe approaching exhaustion area. Or the big crackdown breaking below
2020 lows as clearly big capital is leaving Europe $TLT, $IEF, $TNX