The black dashed lines in this old macro I have are good contenders to be the strong resistance in this run where it might correct. A LT macro chart I have on the ratio also aligns with that. (I'll try to provide updates in here as time and pa progresses)
The macro data from this month's Markit PMI's is sending a bit of mixing signals from the countries that VWO has the most exposure to, but I am still optimistic as to the near-future performance of the emerging markets. Before going into the macro analysis, whats the market allocation of this ETF. The 80% market allocation is the following: - China -> 42.5% -...
On the weekly ETH/USD chart; the rise came to a hold last week at the yearly R2 Pivot from 2018. This is a strong resistance to break through. Hard to tell if it's able to reach this years R3 Pivot anytime soon (I highly doubt it). More likely scenario would be a revisit to this years R2 Pivot first. Wave Trend is pretty much in overbought area but it still has...
Happy start to 2021 Friends! I hope this chart finds you having a blessed start to the year. I'm sure we have all heard the expression, old resistance turns into new support. Well this has indeed particularly been the case in the dollar, and the visual of it becomes distinct when we overlay the dollar on a monthly TF with our Fibonacci levels. This analysis took...
EUR/GBP is preparing to bounce of the lower trend line of the multi-month wedge it has been following since March this year. Before entering this trade, please wait till the bounce has been confirmed. Your risk-reward ratio may be lower than entering the trade straight away, but winning a small trade is better than not winning at all. Keep an eye out of the red...
Will have a week similar to the last one, irregular. We had a decent run in the last couple weeks, and now the market is starting to feel a bit clueless, why? - American elections are approaching - Disappointing news about vaccines development - Bad Brexit negotiations - Worse control of the virus than expected However, the underlying sentiment of the market is...
THE BOTS ARE FULLY IN CONTROL OF THIS ONE, HUNTING THE 50 DMA, I AM STAYING CLEAR! ANOTHER RUN-UP BEFORE A FLASH CRASH IS LIKELY!
OIL IS THE LIFEBLOOD OF THE GLOBAL ECONOMY, IT HAS VALUE! THE FACT IT IS SO HATED RIGHT NOW INDICATES IT IS A GOOD PURCHASE! FIAT CURRENCY UNITS ARE WORTHLESS, THERE ARE SO MANY OF THEM FLOATING AROUND SLOWLY ESCAPING THE FINANCIAL SYSTEM AND FINDING TANGIBLE RESOURCES! EVENTUALLY ALL PRICES WILL MAKE NEW HIGHS, AND NEW HIGHS FOR OIL PRICES WILL BE THE HARBINGER...
Fundamental Analysis: UK Economy currently holds a significant current account deficit of £21.1 billion (Q1 2020) or 3.8% of GDP Indicates a substantial deficit of savers, the UK economy is therefore in need of international savers to plug the gap, however international savers are only willing to come in when there is a strong fundamental outlook. Over the past...
10Y breaking out of parabola - rates spiking up.
Maybe the next 10 years EUR/USD bull run?... ...Are we too much scary with US debt rate? Who knows...
If you draw a line from where we are right now all the way back to the bottom of the market in March of '09, you see a long list of technical rejections. What do you think?
We will see the move off the 100dma shortly.
One must admit it is remarkable where the unemployment level was pre-covid. There would have been a considerable melt up within the market at peak employment like that. It is a trying state of affairs as the unemployment rate is viciously targeting various sectors relentlessly.
Bitcoin just broke the most essential resistance that kept it down, there is nothing really left other than the All-Time High itself to keep the price down. At the same time, Gold is breaking and making new All-Time Highs for the first time since 2011 while Silver is working to print out its biggest monthly green candle in history. This is no coincidence, it...
BE CAREFUL, MANIA IS GETTING HIGH AT THESE LEVELS AGAIN!
We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...! Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas...
Key word right now that I want you to keep in mind - Inflationary. Why? That's the period we are going through, when this occurs you can tell metals rise, check out copper, gold, platinum ...the list is endless...! I can go on about various other instruments too. We could even go back to 60/70's Want to know further in depth what happened then - message me...