A simple comparison of SPX and VIX on weekly chart here. While the VIX index is pushing against the lower support, SPX is seems to be in a very good uptrend, The VIX could and has remained in the lower range for long duration ain the past but dynamics were different back then. Since late 2015 VIX has been very volatile itself and going by the current dynamics,...
i hope EURUSD Bearis.becouse Price can't break the major resistance line at 1370-75.
In case of a deeper price rally into the red area on the chart, we will have a bearish Gartley completion level, a fibonacci cluster zone and a retest of a broken structure to the downside: this confluence triggers a sell.
DXY USDOLLAR INDEX FINALLY MORE DOWNSIDE ?
Even with the downward channel broken, I still prefer to short this pair towards 1.05. with targets at around 1.0850, 1.0740 - 1.0715, 1.0520 as long as 1.1 holds. A clear break above 1.1 could signal a potential move higher towards 1.14 in the longer term. As long as 1.1 holds we can see further downside towards the previously mentioned areas. First target would...
Looking at NZD/USD's weekly chart we can see it approached and bounced of a long term descending trend line initially bringing our attention to this pair. Heading onto the daily chart we can see the pair formed a double top (highlighted by the yellow line) this was put in place after price was following a ascending trend line. NZD/USD went on to break and close...
Dollar Index Looking for Downside Trades
There was a bearish engulfing pattern yesterday, which covered the past 3 days. Now it can be argued where the necessary support area is. However there is a clearly a move which has been taken by the bears in this case. Can expect resistance at 87.188 area or 84.650
Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend...
After 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of...
Transportation is one of the key industries of US economy, while paper index traces performance of companies involved in packaging of all the goods shipped. General understanding is that if fewer goods are being packed and transported, fewer goods are being bought, which in turn means a slowdown in US economy (measured by GDP, which is approximately 70% retail...
Okay so I had a long bias on this pair a few days ago - however, after analysing the GBP/JPY Pair it became evident that the bias should change to a short term one as the downside potential was stronger on that pair than the upside potential on this pair. These two pairs correlate well with each other and the channel for this has broke - therefore we can assume...