Talking Points: DXY Technical Strategy: Keeping bullish outlook Elliottwave Count: Nested impulsive count Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards...
November is turning out to be a GREAT month. Here we have a bullish gartley on the 1D chart. Yes, another harmonic pattern in a trend channel... Given the trendline, we might want to look for price to go a little past the PRZ zone, but then we are definitely looking for a price reversal. The measurements for a valid gartley pattern are detailed below. B:...
Nice M pattern in down-trending pair. Setup chart in the 1H, Trigger chart in the 15M for a potential 60 PIP gain. This technical info coupled with over outlook of a weak Aussie and a Bumped Trumped dollar, probability of downtrend continuing Strong.
large drop in gold flowing to risky assets during Friday indicates downward pressure on gold RSI(14) forms hidden bearish divergence where CCI reach lower than -200 level. Only "Sell" position would worth reward-risk ratio but WAIT! for the pullback. ADX is lower but still more than 20, implying downward pressure on gold does not violate long-term upward momentum...
last basic upside trend (b) to (C) after great red comeback in the midterm elections 2014 - it seems like, that the us presidential election 2016 results are a creating a new basic scenario in the DOW Industrial @ monthly technical buying SetUp above 18000 Buy (lonterm) under 15400 Sell (lonterm) Classic BreakOut while July2016 (green...
Trump Cup ^^ I am expecting a move to 1316 or 1328 at which it will be a sharp dive to 1286 or 1270 then a huge Brexit like long gold candle possibly aiming for 1340