Here we can see the 5th wave targets for this large sequence. From a birds eye view we have the potential to extend as high as 3.67 over the next few quarters. Recommend buying support here at current prices with targets at 3.49 up to 3.67. Best of luck
USDHKD is a proxy for monetary "stuff" going on in China. China can stimulate when this peg is not being hit as most of their dollar funding seems to be running through Hong Kong. When the peg gets hit however, we see noticeable problems and effects around the world. We are now about to see the peg get re-hit once again, which will likely kick off another wave of...
Will either rocket downward after breaking resistance or rebound here. Fundamentally, this looks to be more negative based on what is happening in the world of currency.
EM warning and revived Syria tensions may cause gold to catch a bid after massive decline.
Since 2nd of July, when EmerCoin has reached strong psychological resistance at 50k satoshis high, price has been correcting down. It has reached 78.6% Fibonacci retracement level at 40k satoshis, but up until now failed to close below. The current spike down, shows that price has bounced off the 88.6% Fibs as well as 200 Moving Average. Therefore, as the price...
This is getting politicized a ton with the ongoing "trade war" issue. I'm not writing off the fact that trade wars are a problem, and I wouldn't write off that they could have some effect on how the currency reacts. But the deval of the Yuan is unlikely to be a trade war retaliatory measure. This is worse - this is the uncontrolled devaluation of the Yuan due to...
$USDARS should retrace from here, or at least stop rallying like crazy every week... This will bring some relief in local equities, I've been entering some positions the last two days, in my local savings account. For my fellow Argentinians: I'd reccomend to look into selling $USD if you own any as cash savings, and investing in either p2p lending, equities, or...
The 2-year lasting correction could be over soon. Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign. Wave Y is already equal to wave W as it means that the USD drop was sufficient. The former major top at the 732 is the minimum target. See related idea in Turkish Lira, it could be similar.
I'm holding oil longs, and exposure to oil via correlated equities, and looking to ride the upcoming trend. It is likely to see a breakout in the short term, this might ignite a monthly, and potentially quarterly uptrend continuation signal. This falls in line with what the quarterly downtrend suggested, time and price wise. The price target was exhausted ahead of...
Emerging Markets has made a false break as the Trump train reversed, but as DXY has found support, it seems most likely this is an ideal entry to play EM back towards the middle of its range!
EEM looks to be breaking-out beyond technical resistance and through the top of the value area as indicated by the distribution on the left axis.
This looks particularly bearish for EM, unless the dollar tops this month!
There's a decent correlation between EM currencies and the Euro. Whilst EM equities take a cue from their currencies. Hence, this chart might appear unrelated at first, but the EEM/SPY ratio might yield clues on the euro...
We can go short ENZL at market, and aim for a significantly large target. Stops should be above this week's high (trading range). Expecting to see a sharp decline to ensue here in the intermediate term. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes...
Solar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of...