Canadian benchmark rate is at 1,75% and is expected to rise gradually but is dependent on the oil prices, as growing concerns over growing surplus and lower demand. Canada is highly dependent on the U.S. economy where there are expectations on a slowdown to more sustainable pace through 2019. Consumption spending and housing investment is slowly weakening, and...
Gold and oil prices is one of the facts for rising and falling Cad. a small pullback in oil is expected before more upside potential. Risk of higher us oil output =lower prices. slowing global economy=less demand But there are some potential in the EM, Which can increase the demand and push prices a bit higher. OPEC just released its oil market report, where...
Bitcoin is still ranging between 6350-6800 but after BTC recent $300 move up we have since formed a higher low & now coming to the end of a short term ascending triangle, but with volume declining as we approach resistance & very little new retail money entering the space, I greatly favor us staying in the range a little longer, I would expect a retest of the...
Lets get one thing straight, Market Psychology has not changed between 2014-18 & all of the tech progressions have been priced in, the price has risen with the fundamentals. So now everyone is wondering when is the bottom? First you need to understand where we are in the market cycle. The chart shows the stages of where the market has been since the last bubble...
Watching the triangle, a break up should see us retest the resistance & continue to range, A break below would signal new lows. Volume continues to descend, bears are having a break, but bulls are not convincing us that they will reverse the down trend. Overall Bearish
Since The Recent Low Of 6100 Bitcoin Has Since Made Somewhat of A Reversal or At Least A Bounce, Making Higher Lows On The Way. Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To. We Are Still In...
Alright so this stock has plummeted down to the 30.00 Region. It's very hard to tell where prices will go in the future, I believe that if prices break out of the 40.00 Region . We could gradually see prices going to the upside target of 60.00 . Wiping out all prior highs, I also believe that it's not farfetched anticipating a short on this stock down to lows...
Important market prices based on the X-Lines indicator. Showing important prices for a 15-minute chart. You can freely and free to use the indicator by clicking on the link below and adding it to your favorites.
Starbucks a business which is very close to my heart, seeing that I have it almost everyday. Let's get down to business. Estimated Earnings was 0.57, however actual earnings was 0.65 . If we're playing the traditional Earnings Game , we could anticipate a large appreciation. Going long on this stock prior to earnings, with this current effect would of left you...
I love the way VERGE is playing out. If the base of our triangle fails to hold at the 50MA we could retrace back to $0.07 (or .236 Fib). Right now we are in the buy zone. I'd set up the bulk of your buy orders here, between .07 and .11. Then, have a few above and below (just in case). Our longer term target will be around .76 cents! 800-900%+ profits. I'll...
OBV is a volume-based measure that tries to get a handle on cash flows. It is plotted with the BTC/USD exchange rate. Not surprisingly, inflows to BTC are causing its price to rise. The BTC/USD market is a normal market determined by supply and demand. So far, there is no evidence indicating that demand has started to fall, triggering a bear market. This does not...
Interesting situation for the pairs, in addition to return to the previous low, shows a regular divergence. Follow the situation closely, waiting for a confirmation from the price action.
EURUSD - 30-Day Fed Fund futures prices
EURUSD vs. 30-Day Fed Fund futures prices
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
Silver continue to trade in this symmetrical triangle and a breakout looks imminent. The biased is for further downside and measuring the height of this triangle (as a means for profit taking measurement) will take us south of 14.50 or more. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com