Is the dollar the strongest of all weak currencies?
The price reached the lvl 127 bullish impulse and the historical price is near to reach. RSi has a divergence as MFI. NZD on CSI is on mid lvl and weakening and CHF is oversold and could be strengthened
FIRST TRUST AUSTRALIA "ETF" Comparison with (local and near) currencies (with left scale details is % change) on Indonesia and Philippines) The specific currencies used in this study are all from “neighbors” and other islands in the Australian area. AUDJPY: Japan AUDHKD: Hong Kong AUDNZD: New Zealand AUDSGD: Singapore AUDCNY: China AUDPHP: Philippines AUDIDR:...
THE TREND REMAINS BEARISH, AND WILL COMPLETE ANOTHER LEG DOWN! A BOTTOM, HOWEVER, IS COMING, AND PETER SCHIFF'S THEORY ABOUT FOREIGN CURRENCIES STRENGTHENING AGAINST THE DOLLAR WILL BE PROVEN CORRECT! THE DOLLAR MILKSHAKE THEORY HAS BEEN PLAYING OUT FOR THE PAST DECADE AND WILL CULMINATE IN A FINANCIAL CRISIS AND A EURODOLLAR LIQUIDITY IMPLOSION! ONCE THIS IS...
The price reached a minimum historic level, 886 of the main trend and near the zone of his own harmonic AB=CD correction creating a PRZ zone. RSI indicator it's very oversold but without divergence, currency strength index is NZD near the zone of oversold and CHF near the zone of overbought. The main trend is bearish so just wait a correction 1414cd stop loss, 618cd tp
Relative strength comparison can easily be used to predict direction of a pair. This convergens of USD against GBP is a good example. USD is losing strength while GBP is gaining strength on the hourly. Pretty safe to say GU will rise. Keep an eye on the news though, it's not a crystal ball :)
The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...
The pair was not able to sustain its strength after it failed to break out from key resistance line, which will send the pair lower towards a major support line. The Royal Bank of New Zealand (RBNZ) cut its benchmark interest rate in response to the escalating trade war between the United States and China. This will cause an advantage for New Zealand exports...
INV head n shoulder pattern rising wedge high high lower high 1HR RSI @ 28 30M RSI @ 22 - Price is ABOVE 800 MA on 30M & 1HR timeframe - Price is BELOW 800 MA on 2HR but above 200 and 100 MA A break of 76.00 will give us another leg up. If price fails here a re-test of 48.00 could come into effect. A stop loss below the head or right shoulder would be adequate...
Technical: 1.Ichimoku: Ichimoku giving a sell signal. 2.MACD: MACD is also giving a sell signal. 3.Currency Strength: NZD is much weaker than CAD Fundamental: Due to the trade war between China & US, Chinese currency is weakening, so is NZD.. Crude Oil price gaining strength, so is CAD. Trading Plan: I'll Open short position when market...
Technical: 1.Ichimoku: Ichimoku giving a buy signal. 2.MACD: MACD is also giving a buy signal. 3.Currency Strength: CAD is so much stronger than NZD. Fundamental: Due to the trade war between China & US, Chinese currency is weakening, so is NZD.. Trading Plan: I'll Open long position when market opens There is a news release of CAD on 22 May, I'll...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-2 Days Actions on - A – Activating Event Market will meet resistance in zone @1.339 - .... and fall to the 1.33. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.33 FX:USDCAD Trade...
FX:GBPAUD Reached the previous top level and could make a correction to the 61.8 level of fibonacci and previous support wave. RSI is overbought and the currency strength index to the GBP is overstrength and AUD is weaker than GBP, but is climbing.
FX:GBPCAD Is doing a correction. The price reached the latest top, GBP strength is high and CAD strength is low. RSI is making a divergence and the price could reach the previous support wave
FX:GBPNZD Could make a correction reaching the 38.2% fibonacci extension level, which is the same that the previous wave support. Currency strength is overbought for GBP and oversold for NZD. Also the RSI is overbought and showing a initial divergence
Officially not a crash, but the threesome does throw of signals that make most of us think that this descent may go fast, very fast. Signals are for example the grouping of individual currency strength indices. For a longer period the currencies may move along the same path and look as if they are attached to each other. Which is in a sense true because of tight...
FX:CADJPY It's at the top channel, also the RSI is overbought and the currency index indicator shows overstrength in CAD and over weaksness in JPY. It could have a corrective movement before it continues the uptrend, near the zone of 61.8 and 78.6 fibonacci level