rookie007

rookie007

It's October in another week, then next in the US, we will have mid-term elections. Along with the politics comes the Fed's manipulation of the current manufactured financial conditions and inflation. As the DX has firmly moved into the 110-price zone, it is poised to move ebb and flow toward the 120-price zone. Alternatively, the EURUSD will continue its plunge...

rookie007

What can we see on the chart? EU is at a triple bottom, and DXY is at a triple top Both the DXY and EURUSD have three price cycles We are currently in the middle channel Price action is now paused for a break or bounce Each shaded block can be subdivided into three price cycles It is also interesting to note the 7-year time cycles, which can be subdivided into...

rookie007

DXY, what does your crystal bar say? We are at a triple top, last summer my 8-ball said the DXY would hit 104 and it is a few bases' points away. Now we are at a Tripple wick top! Will DX breakthrough to meet old heights or retrace and pull back. We have a lot of EUR news on deck tonight and then in the AM USD news could make for an interesting London slide and...

rookie007

Crystal Ball, heading toward 104 by mid-March and then the retracement, sure could be a few pullbacks along the way but the DX composite is building momentum to the rate changes.

rookie007

This chart focuses on the Forex Option Expiries as published; the green dotted lines are Mondays, and the orange is Tuesday, the low range is about 750M, and all others are 1B+. With the dollar currently being strong and equities doing well, I struggled to wrap my head around this potential bull pullback. However, a brief taking of the profit for equities and...

rookie007

EU on this daily chart is currently in a consolidation zone waiting for buyers or sellers to take charge to establish a breakout. Bar chart's opinion is the EU will continue to trend north, and the DXY will break further south. I do not see any definitive clues when viewing the Highly correlated pairs with EU IE GU and EJ. So patience is the virtue; I will wait...

rookie007

My POV based on FX Option 10 AM NY Cut Expiries with FOMC making the turning point this Wednesday. Let's roll the Magic Ball! Tight range perhaps a little south and then a good swing north, Happy Tarding!

rookie007 Updated 

It looks like a potential EU bounce up to the 1st Expiry of 1,2150; the second & third expires (s) of 1.2200 may be a bit of a stretch. Time will tell.

rookie007 Updated 

Looking for GBPNXD Short continuation for the week, But First, the pair must break thru the support line. This trade will obviously run over the weekend. Trade well, my friends.

rookie007

Looking for the EURUSD to continue a long position over the weekend and into next week. Happy Trading

rookie007

EU is about to break the MACD centerline at a 50-degree slope to the south for a potential 300 pip total move. So far, so good with the 1st third of the move completed. Happy trades be whereof a DXY surprise with political turmoil.

rookie007

Norma sure liked the CCI Hitchhiker posts! EU looks just about ready to fly south.

rookie007

Attached is my POV on the EURUSD continuing Short with a ROC adjust crossing of the DXY and EU for a trend change. Time will tell.

rookie007

I'm thinking we have an excellant chance to hit 1600-1610 this week.

rookie007 Updated 

Alert, potential breakout, "IF" EG breaks through this support zone we could have a good 50-65 Pips bearish move! I light of the current GBP falling out of the sky, there is a good likely hood of this occurring. Enjoy the ride!

rookie007

The news this week has been interesting. While it's certainly an opinion I', think the EUR blow off candle is setting up a decent bearish early in the week. Enjoy the process.

rookie007

Speculation, or best guess, this Friday is going to a potentially big day for the money to move and set the stage for the next block on 2/7/20.

rookie007

DXY, decision time onboard, while with the double top and "M" formation and the CCI very close to 2% deviation this could very easily be a bounce based on the pending US rate news. and for sure the President will not pass this time to gather some attention for his roller-coaster trade deals. Then the news could be a bit lackluster and the DXY just break through...