Uncharted-FX

Uncharted-FX

Volatility returned near the end of last week, seeing declines that we have not seen since March of this year. There were signs of this beginning with the topping patterns on the stock market charts on the 4 hour ( mainly the Russell 2000 which tends to lead the large US indices), this dramatically led to a major sell off on Thursday. We saw a roller coaster of a...

Uncharted-FX

Both AUDCAD and NZDCAD showing signs of a reversal here as described by simple market structure. Both pairs have been in an uptrend with higher lows and higher highs. We then hit a major resistance/flip zone. From here, the uptrend has shown signs of exhaustion. What I am watching now is for a break and close below the neckline for the trigger. NZDCAD looks the same:

Uncharted-FX

So the charts I am going to cover are GBPAUD, GBPNZD and GBPCAD. All three share the same thing: an extended trend which is appears to have been exhausted, and now a reversal taking place. If you look on the daily charts, the GBP has sold off and we have multiple lower highs on the downtrend down to a major support zone. On the GBPAUD we can see on the daily...

Uncharted-FX

I wrote a post regarding the US and China and the Thucydides trap, and if a cold war is in the works, watch for spheres of influence to be brought up and tested. The Chinese are adamant on Taiwan and Hong Kong being a part of China’s sphere of influence and the Americans should not be meddling with Chinese interests. Last year, the protests in Hong Kong were...

Uncharted-FX

Hey folks! I know it has been awhile! I have been watching the equity markets and the developments there and what it means in broad terms. A few weeks back, I spoke about how the history of human civilization was going to be determined in the next upcoming weeks. Well we are at a key juncture now on the equity markets. It is make or break and I will keep you all...

Uncharted-FX

Some Aussie Pair setups here looking very good. First of all let's start with EURAUD. Nice setup. We have been in a downtrend with multiple lower highs and lower lows. We then began to base, and it seems the trend has exhausted as we cannot make another lower low. Seems we have made a double bottom here. The trade will be triggered if we get a break and close...

Uncharted-FX

Our double bottom set up from last week provided us with over a 20% gain in a few hours if you did close positions at the resistance zone. On the 4 hour chart, we have been talking about a potential head and shoulders pattern. Price creating our first higher low in a new uptrend but requires a break and close above 29.00 to trigger this. So far, we have been...

Uncharted-FX

The area of support that markets held for three long days last week has held. And I mean it held. This analysis holds true for all three major US equities (the S&P, Nasdaq and the Dow: pictured here). Narratives change very quickly, and apparently markets too. Near the end of last week, President Trump spoke about how these next few weeks will be horrible. How we...

Uncharted-FX

The idea can be triggered here on the 4 hour, but first let us take a look at the daily chart. We are at an important resistance zone on the daily chart. At around the 5.82 zone. What has caught my attention is the many indecision candles we have here. The two doji candles, candles with large wicks on either side. What this shows us is that there is a battle...

Uncharted-FX

An update on the US equity markets. In my previous post, I talked about how these next few weeks will be very important. They will determine the future of our world and civilization for the next 6-18 months. I spoke about how on the weekly chart, we have yet to make a swing. We could be seeing that this upcoming week, or the next. The S&P did test the 38.2 fib...

Uncharted-FX

We have yet to see TWO consecutive green days on the Dow for quite some time...will be finally get that? We have the monetary side with the Fed now buying up assets with unlimited funds. The fiscal side is next with a relief package to be passed in congress. We had a record over 2000 point gain day today. From here, we are approaching a very crucial zone. We are...

Uncharted-FX

First off is the Nikkei 225. We had a break out earlier today which also confirmed a head and shoulders bottoming pattern. The lower high and lower lows began to exhaust. We are now awaiting for our first higher low swing here to confirm this uptrend. Second is the German Dax. We had our breakout, and are now approaching the major 10,000 level. From here, would...

Uncharted-FX

GBPJPY here bounced at a major supply/flip zone at around the 125 pychological zone. From here, the downtrend began to exhaust, and from here we have not made any new lower lows. It seems like we will be making a higher low swing here. What we want to see here is a break and close this 131.35 zone. Not only would we confirm a higher low swing in a new uptrend...

Uncharted-FX

What a crazy time. The Fed is now offering 1 trillion dollar repos every day for 30 days, and we are seeing a rush into the US Dollar. Things I have been predicting. As the dollar gets stronger, the worse the wolds problems become due to the emerging market dollar denominated debt. And we may not have seen anything yet... These next two weeks will determine the...

Uncharted-FX

While the talk is about the Coronavirus, many are now wondering why central banks are using tools for a financial crisis to fight off a virus. If you follow my work, we were expecting some sort of event to occur for governments and central banks to save face. We knew interest rates were going to 0 (and negative) and QE was going to be reinstalled. However, QE was...

Uncharted-FX

So did look at this chart on the weekly. We had an initial downside move after multiple higher lows and higher highs, and we were expecting a lower high swing to be made. This did not happen for many months. The 61.8 fib held, and just on Friday, we confirmed our first lower high swing because remember, to confirm a swing, we need a new lower low (in a downtrend)....

Uncharted-FX

EURUSD has been in an uptrend with multiple higher lows and higher highs, and we reached at major flip/resistance zone. From here we are beginning to see an exhaustion of the uptrend, as no more new higher lows (confirmed by higher highs) are being made as we speak. We are also seeing a lot of wicks as well indicating selling pressure, but again, a wick by...

Uncharted-FX

After 3 weeks of watching this pair, we finally have a breakout and a confirmed higher low to work with. AUDNZD had lower highs and lower lows and then began to bottom and create a reversal pattern. Double bottom there but we are more interested in the head and shoulders pattern. It might be dirty, but it shows a transition from one trend to another, in this case...