The Australian dollar has squeezed into an increasingly tight range all year. Futures traders may want to be ready in case a breakout occurs. First, Bollinger Bandwidth is near long-term lows on both the daily and weekly charts. This isn’t necessarily bullish, however it’s interesting when you consider other positive forces at work. One of those items is the...
Notice the major multi-year higher low formed in 2019, followed by the rounding basing pattern and subsequent breakout outside of the multi-year triangle. The higher low in 2019, before the Covid deflation crash, tells me the agriculture complex was already bottoming ahead of Covid and now has a full head of steam. Corn, Soybeans, Sugar, Fertilizer have all...
The last post was inaccurate. According to this fractal, we could see another 40% growth before the panic selling begins. The fractal also shows us that this panic selling could begin in early-mid March. However, fractals tend to assume no external factors, such as mass adoption, could be at play - so take this with a grain of salt.
OANDA:GBPUSD In these times the economies from an endogenous standpoint are facing uncertain futures. The UK economy has been highly impacted by the pandemic as have others, yet the UK have successfully rolled out and produced numerous vaccinations and are distributing it to other economies all over. This is boosting the UK output and manufacturing &...
> After 3 months of election fraud suspicions/allegations Myanmar military arrested the state leader & president *********************** 2021 off to a good start. Unsurprisingly it has begun. After winning the general elections with 80% of the votes (not counting the fixed 25% the military get) the heads of the ruling party, state leader and president were...
Some traders may remember the historic selloff in the U.S. dollar that began in late 2002. Current conditions appear similar. Notice on this chart how the U.S. dollar index pushed to a new 52-week low and then consolidated. Notice how the 50-day simple moving average (SMA) tried to turn higher but failed. Notice how DXY also tested the 100-day SMA and failed....
In this analysis I'll be evaluating 12 different econometric and technical indicators to see if we can get a feel for BTC's direction over the coming days/weeks/months. This is part of a regular series that I post whenever a significant shift is apparent within a net total evaluation of these metrics. Note - Some of these indicators are not widely known. At...
Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the...
M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by...
Op-ed: The charts show global stocks could retest their March lows later this year www.cnbc.com Key points: From a technical analysis perspective , global stock indexes in March wiped out critical long-term support factors pertaining to the entire multiyear rallies since the conclusion of the global financial crisis bear markets, that have driven many...
Part 1 of my 2 parts (or more?) article on "free stuff". I will start immediatly by saying that the ultra rich did not become rich by "earning income". They got there by asset appreciation. Jeff Bezos did not "earn" 150 billion in wages. His company valuation went way up. So therefore it is impossible for the government to tax the super rich wealth like this....
Hey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next! Summary: Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone. Action: Sell Limit: 203.00 Stop Loss: 220.00 Take Profit: 188.00 Analysis: Strong resistance zone at...
*Falling rate might slowdown but the stability of market takes least 5 months to make optimistic move. *As 8000 level as a strong resistance,we can expect a short fall from here which might be slow based on upcoming stimulus. *SL=8600 AND TP=6100.
Self explanatory, moving at a rapid rate due to the catalyst known as COVID-19
Last week (wk of 3/9) gold was BEARISH! This week we see similar changes, once again the Interbank/Commercial adds to their long positions while once again decreasing shorts. While Institutions once again decreased both long and short positions. Lastly open interest dropped 691.985k to 633.47k. Also commercials have been heavily selling Gold since June 17, 2020....
Smart Money has setup the 90% aka the ‘dumb money’ into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers. Thus, price rallied and has now settled above the WAP Monthly (1.27953) support being respected
Smart Money has setup the 90% aka the dumb money into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers. Weekly (0.67400) support being respected