The short answer is that I don't know! As I keep saying, I don't own the future. I'll say what I see and my inferences.
1- Wide zone of congestion approaching - likely to cause hesitation.
2 - A rising contracting wedge.
3 - A retracement on the 1D time frame up to near 76.4%.
None of this is predictive of anything. Markets do as they like - or more...
XRP Long Looking To Break A Monthly Bearish Trendline
A Daily Fib Retracement To The 61.8 / 78.6 Before or Around 21 July Would Be A Great Confluence Combo With A Wedge Break And Retest, Judy Shelton, Federal Registers Law Expiring
Should Be The Start Of 8 Exciting Weeks 🙏
A healthy economy - which is not 'the stock market' - needs solid foundation . Some believe that the stock market ' is ' the economy. Some are definitely wrong! Sentiment is what the markets are about - this is not about reality.
The DJI has now been reinflated but with what?
1 - cheap printed money
2 - loads of hope and greed.
3 - implicit guarantees.
This is getting really interesting. It's gonna be a fight between technicals and fundamentals.
Recent analyses of FED fire power suggests they have only used only about 1% of their arsenal of 'tools'. This obviously means that there is a lot more room for the north due to FED interventions. But what is market sentiment saying? There is a big fight on.
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
The DJI is approaching an all time high of about 278400. This market has become pretty volatile mostly at 30 - 50 minute charts.
Although the DJI is pushing north madly, it is a market that is being moth eaten. It's instability is likened to a Jenga tower. The instability is also seen in trend switches down to the 5 minute level.
We have already noted that this week promises to be calm but The Jackson Hole Economic Symposium is an annual symposium, traditionally gathering representatives of all the leading Central banks in the world, might give enough reasons for bursts of volatility.
The most vulnerable are the euro and the dollar. Weak inflation in the Eurozone (yesterday's report...
At today's FED meeting a cut of 25 basis points is expected in response to the slow in economic growth and stunted inflation. This could be the signal that the markets are topping and we are due for a big correction. Currently Dow at all time high with support zone holding at 27000. A break of the support and 200SMA could signal a short as the market top....
As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair.
We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...
The BTC cryptocurrency rate for the first time since May 2018 exceeded its highest level. The information Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc., and Uber Technologies Inc. to back the new cryptocurrency that the social-media giant plans to unveil next week and launch next year.
The best day for the pound over the past six weeks. Sum up, the result of its growth was the highest among the 30 other currencies on FOREX. Causes - a general correction in dollar pairs and possibility of Brexit progress. It is about the progress in the negotiations between Government and the leaders of the opposition Labor Party. As a result, by the middle of...
Some people a jumping for joy as there are minor corrections in the recent bull rebellion on Wall Street and S&P500. The bull trend which is visible to everybody on most time frames isn't over. Come on! In the video I show how this is one of the most powerful bullish recoveries in the history of Wall Street, and why I have no reason to think that that powerful...
Price is now breaking a very important bullish trendline.
Price has been forming lower highs, and we are trading below the 50MA
Stops are above the 12th October high and behind the 0.2360 level.
Two target levels are previous supply and demand zones where there has been a lot of price consolidation.
Jerome Powell is going to deliver his first testimony about monetary policy today at 16:00 GMT +2. Either today and tomorrow´s testimony in the senate are going to be crucial in order to catch more interest rate hike signs.
Currently EURUSD is facing a clearly bearish medium term trend, unable to clearly break the 1,1768 level, quoting below the...
- Investors prefer not to take risks before the decision of the Bank of Japan, fix profits;
- Democrats and Republicans can not agree on financing the government, investors are slow to sell the dollar - because the consequences for the economy are not obvious. The Senate will vote on Monday;
- OPEC excites the market with a statement that...
US Dollar reinforced position on Monday against major peers as Republicans in Senate released their version of the tax reform, which now will need to be discussed with the House of Representatives.The vote in the Senate on Saturday had a positive outcome for the Trump fiscal initiative, which provides sharp tax cuts for firms from 35% to 20%, as well as...