Longterm, both NZD and AUD seem to be showing signs of future strength, Volume supports this and commodities have witnessed a massive slide (AUD/NZD are both underpinned by commodities)
Just the kind of chart we like to find....follow for updates.
More consolidation going forward, but I think we are still overall bullish on this one.
The Euro looks to be finding some sort of a floor, so lets see how this plays out.
A pretty decent setup with this one. Looks like we might be chasing a bullish peak. Entry looks attractive and risk;reward is well established.
longterm I think we get a stronger dollar, and the current dip might open up opportunities to ride this to the upside in order to complete the larger wave cycle.
The dollar has been on a bullish run, but I think it may be time for a bit of a cool-off...
Golds been on a run to the bear side, and I have to admit I didnt see this one coming and have tried to catch the bottom multiple time to no avail. However, I think I may have an idea of where the pain may show signs of stoping. The Dollar index also shows signs of a slowdown followed buy one more play to the bull side for a cycle completion. www.tradingview.com
We've seen another 5-wave play off what was a top, lets see how deep this correction gets.
Looks like a great buy form both a technical and fundamental point.
I think US banks looks generally bullish, but the DJUSBK does shed light on a few critical considerations. Below is a longterm picture.
Positive sentiment towards US banks may drive Citi towards the $85 mark
Wells still looks well poised for higher highs. US banks seem to be on a bullish run, so investors and traders might be trying to catch a bargain with this one.
We have seen serious bull-side momentum during the past couple of months, but now its the to consider getting out.