10-Year US Treasury yield remains in a long term downtrend channel, in the process of completing downwave (3) of V near the bottom of the channel at around 0.70%. Key resistance that if broken would invalidate this bearish scenario is the 3.04% level.
Nobody can ignore the greenback gorilla in the room any longer as one percent moves seem to be a natural occurrence. The unprecedented drop in the euro, yen and Swiss franc is forcing the dollar index higher, causing dollar-priced commodities to decline lower. There is a striking pattern with the Swiss franc and gold. For many years, both assets have traded...
The USD gained in strength last Friday after a favourable jobs report. The CAD data has also been good the last few days and they sure beat expectations Friday with their employment data. But appreciation of the USD on the back of their jobs report proved too strong for the CAD and this pair gained 165 pips before giving 35 back before market close. The Canadian...
Harmonic pattern. Bearish ECB. Fibs make sense tbf. Short if you wish. Happy Trading.
While it doesn't look like gold is going anywhere lately, its priced is being pushed down by a rising dollar. Despite a strong dollar, gold has been moving sideways for a year. Global QE is reaching ridiculous levels and rates AREN'T RISING. Here is a view of the dollar neutral Gold and the relative performance of Gold priced in euros relative to the Euro currency.
Rates is 3.50 but price up more than 100 pips... I think that 0.7900 is target... What do you think....?
I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com
I am bearish on the US dollar, and I expect the loonie to gain ground. The BoC is not engaging in reckless monetary policy, even though, at times, traders found them absent. Canadian CPI is stronger - just above two percent YoY - than in the US, which should favor CAD. The Fed wants a weaker dollar. The Fed said it; Yellen said it. Don't fight the Fed, right? The...
Stay short EurGbp or, if you prefear, long GBP! Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney. At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis)...
GBP/AUD currency pair is close to an important support near 1,772 level which is 2014 low and possible wave 3 end. If we take away the fact that 5 wave structure should be in the bigger trend direction (which is an uptrend on bigger time frames for GBP/AUD) then the downside scenario is valid and if price manages to go lower then 1,772 low then way to 1,74 and...
Hello readers! Today, I will be presenting a series of updates on the 3 FX pairs that I have been trading. AUDUSD Upon completing the entire corrective pattern, the pair is riding the first wave of the 5-wave pattern. That being said, we are EXTREMELY BULLISH on the aussie and you should definitely long it whenever possible. Our target profit level? Dont be...
First add was 63.70 will add lower looking for rates to rise possible 67-68 1st target.