Hey Fam. 😊🙏Just wanted to share this information with you all.. I found it very interesting.. This was a chart of week that Wells Fargo shared on there site. I thought it was interesting how they saw a 4 week inversion roughly 43 weeks on average in regards to our last seven Recessions before they happened (Shaded Areas on chart) Before a US recession officially...
Hey traders today I wanted to go over the best Seasonal Patterns in the Euro and US Dollar Futures Market. The Euro and US Dollar futures follow an annual seasonal pattern which can show signs of strength and weakness certain times during the year . Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of the...
Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below:
In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves:
Wave 1 - is made up of 5...
Hey Traders so In my last video we discussed what is the 123 top and 123 bottom formation and how it can benefit you in your trading. Today I want to go over one of my favorite chart formations in technical analysis called the Head & Shoulders top and bottom.
Enjoy!
Trade Well,
Clifford
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Quick glance: In this educational post, we attempt to dig deeper into the world of Stablecoins. We have broken down the post into 3 parts where we discuss:
What are stablecoins and why do they exist?
...
In this article, I show you my way of working in Forex, starting with the choice of the currency pair, passing through all aspects of the operation (position size, maximum loss, etc.), until the analysis of the currency pair and the strategy to be adopted (entry-level, stop-loss and target).
Looking at the table of currency pairs I follow, the one that caught my...
The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro , Swiss Franc , Japanese Yen, Canadian dollar , British pound, and Swedish Krona .
DXY is more correlated (inversely) with EURUSD than the others currencies.
It is a weighted geometric mean of the dollar's value relative to following select...
DXY
The most common index used by many traders would be DXY. This is considered to be the go to index in interpreting USD strength against the other major currencies. When looking at this particular index, the first thing we should know is, what currencies are actually in the basket and how it is calculated. Below are the currencies included and the percentage...
Hello traders,
In this analysis we will talk about a triangle pattern. Those who are familiar with them, will know that these are one of the most popular patterns. The reason why they are so interesting is because while they are unfolding, momentum is decreasing, volume is low, therefore everyone wants to catch the breakout, because we know that sooner or later...
1. What is the mirror level?
To answer this question, we should remember the general meaning of support and resistance. Support represents the situation in which the price constantly goes down, then reaches a certain price point, and ceases to decline. Resistance shows just the opposite situation: the price constantly rises, then reaches a certain price level and,...
KEY TAKEAWAYS
An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals....
hey guys,
I know that many of you are expecting a coming bearish movement on a daily on EURUSD.
analyzing a weekly time frame though, I want to warn you that the pair has still much space for a bullish continuation.
on a weekly, the price is clearly trading in a global bearish trend.
spring's covid bullish rally made the market set a higher low and triggered...
If you will be patient and choose the "A" version you will become a confident trader with low losses.
You can lose $ 200 and start again later, again, and again till you succeed!
You will recover all your losses later, your knowledge and skills stay with you so, in the future, you can choose trading as your main profession.
If you will choose the "B" version you...
EURUSD is approaching a key daily structure resistance.
1.15 is year's high, short rally from that level was just crazy in march.
we don't know how the market will react this time, so we must be prepared for both scenarios:
in case of a bullish violation of the underlined resistance (daily higher high higher close)
the pair will most likely keep growing.
next...
gold is just unstoppable.
the price is growing like crazy this week.
if you missed this movement and plan to jump in, it is too late and very risky atm.
the price is relatively close to our next potential reversal area 1823 - 1833.
this area is based on a resistance line of a rising channel and fib.extension confluence of the last two major daily...
