The recent devaluation of the USD is serving purpose to make way for future rate hikes by the FED without causing EM volatility and issue with China's currency peg. As the USD devalues it also pushes up Oil prices which provides relief for entities with Oil based junk bond exposure (Aka US banks).
I see the devaluation as a short / medium term trend as a relief...
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CYPHER PATTERN
PAIR: EUR/USD
TIME-FRAME: 15M
TRADE: CYPHER PATTERN
Traders, not too much activity lately in the markets,
but we continue to do our best everyday, looking for
Trade setups and opportunities to take! We have found
a potential Cypher on the 5 minute chart in the Live
Trading room...
Testing the 90 MA. Either a break or a bounce at this point, and Bollinger Squeeze suggests confirmation is needed (Another break outside Keltner Channel should be watched). Let's see where this goes.
Convergence of the Delta Trend, and continuation of the downtrend seems strong. However, Bollinger Bands are outside the Keltner channel in a bullish manner. Waiting to take a short entry near the .95752 zone (indicated in chart).
Last week strong rally seems to be now close to exhaustion. Even though the long term uptrend in gold remains intact, we are close to a local top.
I apologize for the crowding of the graphic, but these three items all point to the same issue:
- The pitchfork has been useful to define support/resistance for the last month and last session closed exactly at the...
Only short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower.
The actual entry trigger is one of six things (in order of most importance):
1.) test of major horizontal resistance line
2.) break of a pattern that supports the bias (e.g. M pattern for...
JNUG rise will fill gap in next 6 weeks with gold on the path to go above $1300 to at least $1338 in the next few weeks especially as Sell in May comes into play with global growth slowdown impacting earnings for many companies especially Blue-chips. The view of gold as safe-haven asset in times of volatility and turmoil will help this rise in addition to it...
good volume-see in our book on amazon why volume is needed- move to 50 day ma- or cloud-money flow good-go away in may short term play-relative strength good-stoc crossed-use limits moves fast-stop loss on thursday move
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
This monthly chart of gold reveals something very interesting. Gold has had a bit of revival this year but the momentum seems to have stalled a bit. The beautiful reversal pattern in the chart though seems very bullish for gold. Sure, it may see a bit of down move to 1200 - 1150. But that would be a massive buying opportunity to ride till 1500 levels.
This also...
Recovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline...
Contango rate channel displayed for UVXY.
Multiply your VIX projections against the numbers for April and May expirations and you should have a range that UVXY will hit on those days.
Useful for knowing when to get out of UVXY options do avoid steep theta losses.
Bottom indicator shows VIX needs a sustained move above 20 at this point to get out of this...
