Emerging market bonds denominated in USD look to be taking a leg to the downside.
Could this be an early signal of global liquidity drying up again? 👀
The monetary policy suggests stimulus but fiscal policy is at a stand still. Without more cooperation between politicians and parties this could become an issue sooner than later.
Chainlink just hit the 4.236 Fibonacci extension level when measuring the big sell off we had in March. This weekly chart shows price action is outside a standard deviation move on the Bollinger bands which suggests a pull back to at least the mean line. While the RSI is in over bought territory, we are creating higher highs.
My opinion: This leg up could keep...
This is an update on the DXY analysis I've been posting about recently. In my last post I highlighted the fact that USD was losing ground on the DXY chart breaking out of its multiyear diamond pattern dating back to 2014. This diamond reversal pattern ultimately has targets of around $80 and the USD is now sitting at around $93-94. Since my last post there was a...
I posted about a month ago that the DXY was in a diamond pattern dating back to 2014. These patterns break up about 30% and down about 70% of the time.
I bet on the anomaly saying it was going to be a half staff with a target of $120 because of the US dollar denominated debt around the world (maturing debt is a demand for denominated currency). Basicly I agreed...
This diamond pattern could be a reversal top pattern with targets around $80 or a half staff continuation pattern with targets of $120.
Due to the demand for dollars due to the current debt load globally I believe this will break you the upside with targets of $120 with possible help from a short squeeze.
A stronger dollar would suggest another decline in...
Nio is playing out a bump & run pattern on the macro charts with a price target of about $4. On the micro charts, Nio has just broken down out of an ascending channel and has found support around the .5 fib level just as it did in the previous small correction in the current trend it’s in. This area also contains support from the bottom trend line and the bump and...
Btc looks to be having a bump and run pattern playing out. It also just had its first weekly candle close above the EMA ribbon which has signalled the end of the bear market in the last two crashes. On top of both of those, the 50 week MA line could be becoming support.
Although there are some very bullish indications, there are also bearish divergences on the...
