I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago. This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will...
Sideways, then a breakdown to 0.5 fib level or even lower on the 1.272 time fib of the preceding up move (between 0 and 1) Stop above recent high.
$DXY shows a break above a resistance level this week, but it has approached a potential resistance at the top of the channel seen on the daily level. We might see some consolidation back below 91. Something to bear in mind for shorting oversold $EURUSD $GBPUSD
Excuse the messy analysis - I'm getting used to trading view. The two thickest lines form an ascending wedge, which, as we know, will cause a bullish breakout. However, there is also the potential for a short opportunity if it falls the to the 9680 level. LONG: Analysis for the long move is simple, the future price movement will continue to bounce off the...
The technical picture on the CAC shows clear price weakness, the price remains inside a series Andrew's pitchforks and looks determined to head lower. In addition to that, the stochastic oscillator is now in oversold territory which is a signal that more upside potential is limited. From a fundamental point of view the renewal of the Grexit fear could trigger the...
Fibonacci levels drawn with the trend line confirming thanks to the support at 9775, support/resistance then found again at the trend line in a short equilibrium. Trend line has been broken down short to once again find an equilibrium but just below the 0.618 line. To much resistance found there so short until 9746. Very quick 5 minute analysis UPDATE:...
You only have the past data plus what is going on now, that is the present to predict the future price action. So what you need exactly to be a successful trader?? - Well, you need the odds to stack up to pick the right direction of each trade. - System, method, strategy that generates big winners vs losers. - Be emotionless by having precise entry / exit...
During our "World Markets Review", a closed webinar held for the Elite Zone members only, we have discussed about several world indexes and the way that they are approaching the new trading year. India enters 2015 with a weekly bearish setup - A trading channel breakdown and a close below the 200 SMA line (weekly). What does it mean about the other relative...
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
i am expecting a bounce from 2015/2005 level
You can see the 5 and 10 day MA have crossed. Rational below: - This is indicator #1. ( I have a MA crossover trigger script) - Buying volume has slowed over the past few weeks, and selling volume increased. - Stochastic oscillators have been up for record highs. - RSI has been at peak position, which is great, but we have not had a slowdown after the October...
Instutional orderflow will be down People will invest because the dollar is going up, so expecting people to invest in 2015 wich makes it perfect for the banks/institutions to dump the dollar. Offcourse the retail (normal) traders won't close their longs & will probably add to their positions, wich makes it great for the banks to dump
The US Dollar Index has been rising strongly for most of this year, coincident with a major decline in broad based commodity indexes. However, we are currently seeing signs that the current price level may be the end of this strong run and lead to a major consolidation - likely coincident with a rally in overall commodities. This chart shows the daily Dollar...
Similar to VIX, the price of S&P 500 tail risk is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability of outlier returns is therefore negligible. As SKEW rises above 100, the left tail of the S&P 500...
DXY - possible up to 90.xx - but then the DXY could implode in it self. This has more than a lot of technical reasons: macroeconomic - market economy and the geopolitical conditions, both act important parts. This is only a first rough overview - we have to wait for the completion of the patterns.
Previous tests of this level were rejected. FED Reserve has said they don't want the dollar to go too high. I believe a shorting opportunity may be near.