At long last, one of our most important Canaries in the Coal Mine - the Swiss National Bank - has exited a lengthy consolidation pattern to the downside. Frankly, we are surprised it lasted this long given its exposure to long US mega-cap. Whatever is going on in there, it needs to take out 5400 on the upside to nullify today's short signal using the simple...
Looks like a technical set up for a move to the downside.... USD bulls look to be winning this fight.
I've recently been looking over long term charts of USD pairs. Technically they show setups for a possible strong move up in DXY. I'm going to post a series of these charts because I believe they may be supportive of a much stronger USD.... This is contrary to my opinion that the USD should weaken given a number of reasons... Freeze in interest rate hikes /...
The Base money of the U.S. has cross below the 200x2Wk SMA for the first time ever. It is a 200 SMA of the 2 Week print or data reading. This is just how the FED reports, every two weeks. However, it has crossed below the 200 SMA. This to me is signaling a DEFLATIONARY Event is on the horizon. When money is taken out of the system at this rate it will be...
Hi guys and Merry Christmas ! I post a recent idea which i have to Short EURUSD with a target of 1,10 and 1,09 in my bigger picture of economy. As you seen in the diagram the trend of EURUSD is a downtrend . The price levels of 1,14-,1,15 is a retracement level , the main target of EURUSD is 1,10 as you see also from the regression canal . Also DXY continues to...
Trade set up - We are cautiously optimistic when it comes to USDCAD and looking to trade the pair as a proxy of US crude and Western Canadian Select (WCS). We enter the trade long at the current price of 1.3295, with small position sizing and tight stops set at 1.3200, for a break of the bullish channel. However, if we see a break of 1.3182 (22 November low) our...
My conviction in this trade is medium Improving risk sentiment - if continues - will help the EUR Today SNB press conference is a risk event-> fail or win this setup quickly
Regarding today's bond market behavior, I am reminded of the following words of wisdom mostly attributed to the economist John Maynard Keynes: "The market can remain irrational longer than you can remain solvent." From Trump's successful efforts in negotiating an end to a 70 year North/South Korean war, and denuclearization of NoKo, to the Fed raising interest...
What points to USD strength fundamentally: - Monetary policy: FED rate median is at 2.15% end of 2018 vs ECB expected to hike only 2019 Q4 -> carry on USD side - CB balance sheet: FED BS decreasing since 2017 May, ECB still rising, tapering expected in '18 Sept - Inflation: US Core inflation 2.1% and forecasted to 2.4% vs Eurozone 1.1% and moderate upward...
Nice set up for Bitcoin's typical 'Twin Peak' pattern (See April 2013 & November 2013.)
All right traders, I do not comment much on the bitcoin market, but I have seen just a ton of people all over the internet spitting nonsense about how bitcoin is going to $40,000 and this is just a small correction. So I wanted to put out a video talking about what I see on the charts technically and why I think fundamentally its a bad long term investment. I'm...
The Aussie Dollar experienced strength throughout 2017 against its US counterpart with a strong rally to finish the year before forming a double top last week. Over the past week, AUDUSD has fallen almost 2%, following a CPI miss in Australia and a positive earnings report in the United States. Is this a sign of things to come for the remainder of 2018 or will...
We see a morning star pattern indicating a bit of a correction for the decline in the USD. This is confirmed by a green triangle in the Kovach Reversals Indicator. USDJPY has been pushing the lower bound of this indicator for some time, so a retracement was inevitable. Although we can expect this to continue, overall, a dovish Fed and weak US inflation data...
The FOMC minutes had an extremely dovish tone today. This will further boost the selloff in USD across all majors. Particularly notable is USDJPY, and EURUSD. Both Kovach Momentum Indicators are solidly bearish, and the price action continues to push the lower band of the Kovach Reversals Indicator. Sell any rallies in USD. If you like the Kovach Momentum...
The FOMC minutes are being released as I write this, but weak inflation seems to one of their key concerns. Expect the yield curve to continue to flatten as this gets priced into the long end. The spread between the US 30 year and Us 2 year has been careening off a cliff lately and given this news, it is safe to expect this trend to continue. The Kovach Chande...
The yield curve (spread between the 30 year and 2 year spread) just broke below 1%. All indicators suggest this trend to continue. It has been encroaching the lower Bollinger Band of the Kovach Reversals Indicator, with no retracement in sight. A retracement will be confirmed by a green triangle, if an when it happens. The Federal reserve should be very ...
// If you honestly believe cryptos growth wasn't anything other than to bring forth a cashless society governed by the world banks / you thought they just would go down without a fight... I hope u truly start "reading the history books" But hey, don't listen to me, go all in and don't forget to also invest in those 1300 not at all similar crypto coins. Bubbles...