GOLD Medium-Term LongLast time we ran gold, it went pretty well. Got bored halfway through though. This time should be a bit more exciting.
Metals complex is still bullish, seasonality looks good. MENA geopolitics is still hot and KJU is getting mad again cause Trump isn't giving him enough attention. (& whats Iran been up to lately?)
Bad data and other warning signs from China econ (trade war hits them hard during the US Christmas consumer utopia, thus the deal demand for tariff reduction) and other emerging market problems (Argentina?). Even if phase 1 deal happens, its not gonna be that great. Economic warfare is here to stay.
Gold should have an upside bias here, decent value (plus it's shiny and looks cool). First TP is almost a lock (like 70% hit).
Lay off the TA you goobers and make some money for once.
Geopolitics
NZDUSD Medium-Term SellChaos is cheap but plans are priceless.
This is a wild month for fundamental and geopolitical events. No setups are safe this month, mine included. But that doesn't mean you opt-out of the market. As with my prior setups, exhaustion occurs during a surprise data miss or political event. You have to pay attention to real-time news if you want to win at this game in the long-run.
Event Risk: Very High
Sequence Risk: Low
ATR: Good
My published setups have made 100s of pips in the last few weeks, with an over 80% hit rate. I publish 3-4 charts a week and will continue doing so for the next 7 months at least. Follow me, and peer into the profitable and retail undervalued world of intra-day and intra-week trading. You can use my medium-term opportunities and fit them into your long-term trading setups/positions to get comfortable.
(The PoC sinewave represents a safe return point for price action)
DXY, SPX: Hang on Fed & GeopoliticsIn today's #marketinsights video recording I analyse DXY and SXP!
Equities look bullish and the US index bearish, from a technical perspective. On the (geo)-political front their prices are and could remain being affected by:
- A somewhat dovish?! Fed
- BoE and Brexit (BoJo visits EU today for talks!)
- SA attack and expectations on reduced oil production
- Weakening Chinese data
- US-Sino tradewar optimism
On the other hand, don't forget that policy-pessimism is going to matter most?!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
US and China make back room deal on Hong Kong?Just want to update on the USDHKD peg idea I spoke about awhile back. A bit controversial I know, but I gave reasons on why this is likely to happen. Hong Kong does not have the US Dollars to maintain the peg. The PLA marching into Honk Kong may be what breaks the peg.
Looking at the chart, you can see where the buyers are stepping in. We are seeing buyers at the 7.83500 zone indicated by the long wicks. Buyers are still there. Just this analysis indicates that perhaps we will be seeing this break of the Peg.
I am hearing from sources that there has been a deal between the US and China behind the scenes. That the CCP will allow President Trump to sell the trade war as a minor victory for the US...meanwhile the Americans will give the CCP a carte blanche when it comes to what they do in Hong Kong. If they decide to send in the army, the US will look away. This is what I am hearing.
The 4 hour chart can also give us a short signal if we do break below the mentioned zone. We have had a nice uptrend, and now a range displaying 2/3 market structures.
On a side note, I just watched the documentary "Banksters" on Amazon Prime which is about HSBC , Hong Kong and China. It really explains what is REALLY going on in Hong Kong currently.
There was a twitter rumour that was substantiated by many solid minds including Kyle Bass, about the PBoC needing to borrow money from HSBC to maintain the Yuan where it is at. The HSBC President was fired and other high up executives were fired. Rumours have it that the CCP will look to control HSBC ...the documentary gives evidence about this already happening in 2017.
The Trap EP2, The first is The lastDisclaimer : As a chartist I don't have any intention to manipulate the prices, all our work is completely based on our research and analysis, we request you to please read the complete report before making any type of comments. the only thing that matters for a trader is to make profit and protect his capital. Markets does not understand bullish or bearish situations, they are just a reflection of human emotions, and my work is to capture the future direction without a crystal ball, so i could be wrong, so it's better that you should invest on your own risk. Thankyou.
Hell-looo... guys welcome to a brand new update of Bitcoin The Trap Ep2 the first is the last, connecting dots with Gold, Stocks and Geopolitics. Now before getting in to this I really need to thank all of you for huge support on my first update of The Trap, and The Same Old Pattern series, really i’ve got so much support from all of you even after things don’t work out in my previous update. In just a fraction of time this community has grown like Bitcoin’s prices in the past few weeks;)
Plus you all guys are unique with a very productive view towards my chart analysis, so cheers to all of you.
Meanwhile my way of writing isn't satirical at all, but I'll keep adding more spices with boring trading lessons, so you guys won’t sleep while reading this report…
Gosh am really missing funny stickers here, hey TV are you listening?...
So without wasting your time, let’s jump into this…
First of all if you’re not familiar with my “The Trap” series or looking first time my report, than I'll recommend you to first check out my previous update on Bitcoin here it is…
And do also check my “Same Old Pattern” series, link below or checkout my profile
Now lots of you think that I've been bearish on Bitcoin, which is not completely correct, i've also mentioned the bullish scenario as well, although there was a high probability for the bearish move at that time, but things changed really fast.
If you’ll focus on some major levels i've mentioned like 10800, 11200 and 11800, so you'll clearly find that, how strongly bears have protected this levels, have a look at this chart below...
I’ve said that above 10800 bears will start to loose control and above 11800 bulls will totally crush bears, so if you’ve followed this advice and made profits by getting long from 11200 than congratulations to you, am not taking any type of credits for that.
Now another important point I've discussed is that above 11800 chance for a new high will definitely increases, and this thing looks damn bullish in daily or hourly chart, all the indicators are turned out to be bullish right now. So here’s what you all are waiting for the bullish scenario…
ABC flat corrective formation has ended perfectly and now a new wave is in progress and looks like we've already completed the 3rd wave and next corrective wave 4 could gain support from 11200, amazing… how perfect it is, isn’t it?
Have a look at this another chart, 21EMA is damn bullish, 50MA has crossed 200MA in 4h chart golden cross indicator, volume is rising, RSI is getting bullish momentum, what else you want from your life man?... everything is bullish, even a noob can easily predict the price direction, book your lambo, before it gets out of stock;)
Alright now am shifting here from technicals to fundamentals, to deeply understand this growth. We need to expand our vision from here and look at the geopolitics and how it's directly affecting Bitcoin.
We all know that there’s an ongoing trade war between the US and China, and on Aug1 US President Trump has announced to impose 10% extra tariff on 300 billion of chinese goods which directly affect the Chinese manufacturing Industry. In reaction to this PBOC (Public Bank of China) allowed Chinese Yuan to fall below 0.143$ which is the lowest level since 2009, this step will allow chinese goods to be cheaper and more competitive and also cuts the extra taxes. Against this step of China, president Trump accused China as a currency manipulator on twitter.
Now I won't go in depth to waste your time you can google everything you want to know. Things we need to consider here is that when Chinese Yuan started to drop, lots of chinese investors start to move their funds in safe assets like gold, silver and Bitcoin which caused a massive rally in commodities and huge crashes in stock markets. Now Chinese Yuan could be a very good indicator for Bitcoin and Gold price predictions. Coz when people will start to move from Yuan to Bitcoin or Gold, they’ll pump, and when people will start to move again from Bitcoin or Gold to Yuan, they'll dump, it's just that simple…
Have a look at Yuan chart…
By the technicals looks like Yuan is getting strength for a short rally in mid term, which suggests for a correction in Gold and Bitcoin, so maybe we could see an small correction upto 11k or maybe 10k level, the better we should be prepared for that.
Meanwhile Gold is looking stronger than Bitcoin but due for a small wave 4 correction, which could lead the prices upto 1460s level. But the allover trend for gold looks damn bullish and in coming days we could even see +1600 zone, new ATH since 2013, so cheers for Gold holders…:)
However this whole currency drama had a very negative impact on major markets like DOW, S&P500 or Nasdaq.
Have a look at the chart of major markets, i think i don’t need to say so much on this, all the markets have achieved their ATH and lots of analysts are predicting for the next major recession in 2019-20.
An important question arises here, that is this recession is good for Bitcoin? And there’s no fixed answer for that. Coz Bitcoin has not seen any major recession yet.
Lots of people are creating hype over this that during the major recession Bitcoin and Gold will keep rising, and what they argue here is that Bitcoin is anti fiat currency, which is limited like gold. So during the recession when fiat will fail, gold and Bitcoin will take its place. Which is definitely not the complete truth.
Here I want to clear this thing that am also a bitcoin supporter and I do have faith in blockchain, but my eyes are open and I can see what’s happening. There’s an image created against fiat and inflation and painted this with all the negativity and showed you that everything is scam, conspirated and evil, which is definitely only one side of the coin.
Inflated currencies are actually a good thing for capitalism which encourages people to invest in economy and generates value. If you’ll lock 1kg of gold bar for 10 years, it won’t grow upto 2kg, obviously it's value will grow with time, but that gold has not generated any value which is contributed in economy, but if you’ll invest 1kg gold worth of money in economy like in S&P500 than you’re contributing in economy to generate value, and you’ll definitely get some really good returns over that.
But just like any other system fiat also has its own limitations and flaws which are misused by banks and this can be solved with blockchain.
Alright now the question which is striking your head is, “alright husain but how the hell all this will affect Bitcoin???”, so the fact that Bitcoin will moon in the next recession has not any strong base, just opposite to this if you'll look at the correlation between stock markets and Bitcoin both have performed quite similar movements in the past.
Have a look at this charts...
Notice that prices of Bitcoin has almost equal reaction with Nasdaq and the reason is very simple, everyone has invested in Bitcoin to earn more dollars. That’s the real joke, we’ve invested in anti fiat currency to earn more fiat currency and labelling that fiat as scam, evil and conspirated. You know why, coz US Dollar is the legal agreement issued by FED, backed by Economy and protected by your elected government which generates more trust in it, and here I also want to add this that Trump Administration will do what’s best in favour of US Dollar and economy, so the drop in Yuan won’t last longer.
Meanwhile I don't deny the possibility for the next recession but most likely Bitcoin will also drop with stock markets, coz investors will short everything they get, and then they'll don't care about the tech, all they want is just exit from everything at any cost and secure what they already have.
Now turn view and look what’s happening, today the whole crypto industry is losing its value, coz it has stand for decentralisation and now the whole industry is getting centralised to only Bitcoin. Ask yourself what Bitcoin stands for, its decentralisation and now what's happening? We're moving towards the centralised power, one authority is controlling all the power and majority is supporting this and those who oppose or criticise this, majority attacks on them.
No one cares what is the potential of blockchain everyone just wants to push the prices of Bitcoin higher and higher and claims to fly towards the moon, but just look where we are right now we're already on the moon, Bitcoin has surged from 3200 to 14000 without any major correction whereas other altcoins have not recorded this intense growth, which clearly shows that people are not really interested in tech, they’re all greedy and just want to make quick money from Bitcoin.
Look how dominance of Bitcoin has just kept rising and passed 2017s ath, when we’ve reached the 20k level, if it goes above 80% than altcoin market will be completely dead, there’ll be no sense to invest in technology, this will be the only place for speculators and gamblers.
This is the eye opening moment to see what's actually happening, everything is bullish without any solid fundamentals, this complete hype is hollow from inside. If whole crypto market is mooning than why only bitcoins has got all the benefits?
Market cap of altcoins is still sinking and most likely this will continue to drop in the coming days.
Whereas if you’ll look at top Altcoin Ethereum, it has so respectfully followed the Same Old Pattern theory, and will keep it continue in coming days.
Moving towards the conclusion what I actually mean here is that most likely Bitcoin has topped out and soon we can see a massive drop, yeah we could possibly climb upto 13ks or 14ks level in coming days, coz trend is very strong, but we are in a Bubble right now, which could pop out soon.
Have a look at this chart, this is my custom indicator am working right now, which indicates various zones for prices. If you’ll look at Dec 2017s price movement we were moving in red zone bubble territory and in Dec 2018 to Feb 2019 we were moving in green zone, which is extreme undervalued zone and now we’re again in the red zone which is Bubble territory.
Another view towards this is that this rally could be an X wave which goes upto fib618 level of a complete corrective ABC formation, which could indicate that we’re moving towards double3 corrective formation, where first wave is a flat ABC and second one is Zigzag ABC, in that situation new lows upto 8k are possible, the better we should be prepared for both situations .
Ok guys That’s all for now, if you’ve enjoyed reading this report than do like and follow us to appreciate our hard work, it took a lot of time and effort to bring this, and don’t forget to comment and share your opinion with us, thankyou:)
SPX 500 Index, Daily Chart Analysis July 25Technical Analysis and Outlook
The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016 . The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040 , and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the downside there is established Mean Sup 2976 , and distance Key Sup marked at 2914 .
Why the US Dollar will be going higher! Alert!So we are approaching the 31st of July, a day the US Federal Reserve is expected to cut rates. The market has already priced in a 25 basis point cut.
In this post I want to discuss why the US Dollar will remain buoyed, and likely break out higher, even though the Fed cuts rates.
Also why a stronger dollar exacerbates all the problems in the world.
If you follow my blog ( unchartedfx.blog) and/or social media ( www.instagram.com) I regularly post stories regarding
macroeconomics and geopolitics. I believe we are heading towards not only an economic crisis (central banks running out of tools, new mandate is
to keep assets propped, and then this mandate will turn into the BUYER of last resort), but also a social and political crisis. More books will be written
about the next few years than any other time in human history.
So why will the US Dollar go higher? And when I mean higher, the break above 98 validates this idea. A break below the 94-95 zone would make me
reconsider my theory.
1)Reserve Currency and Petro Dollar.
It is more about the reserve currency rather than the Petro Dollar, but we should speak about the geopolitical possibilities.
When things in the world start to go crazy, people will run into the US Dollar. This doesn’t mean Gold will fall…it is possible to see BOTH Gold and the US Dollar rise and I argue we will see this. Remember, Gold goes up when confidence is running out in government, banks and policies. It is a confidence crisis asset. With the Fed now beginning a rate cut cycle, it is likely we may go back to QE…which was supposed to be a one time, desperate policy, but many are realizing that this will now be the norm.
However, many still see Gold as this useless, non yielding asset. These people will naturally run into the US Dollar.
America also has the exorbitant privilege for being the reserve currency. Meaning there is always an artificial demand for US Dollars, and the Fed can keep printing as many dollars as they want without caring about debts and deficits…unless Dollar demand takes a hit or the US loses reserve status. The Fed is the central bank of central banks and can bail out others (Canada during 2008 etc).
This is where the Petro dollar comes into play. Currently Iran is the threat because the Iranians take any currency besides the US Dollar for their oil. Countries like Turkey and India love this because their currency priced in US Dollars has gotten decimated. European nations, Japan and South Korea have followed suit, but have reluctantly dropped due to US demands. Turkey and India really cannot afford too.
Russia and China are trying to attack this Dollar demand, and Iran is the key for them. Venezuela is also, but her oil production needs to come back to par, and believe me, Maduro will remain President backed by the Russians and the Chinese solely because he will announce Venezuela will NOT take US Dollars for their oil. This is part of Russia and China’s plan.
In a way, this is why war with Iran is more than likely to happen. It is the way the Americans will protect their US Dollar demand and the role as reserve currency. They will force all nations to use the Dollar for energy. In this way, the US army and other western armies are the armed branch of the Federal Reserve.
2)The US looks better than other western nations.
This is thanks to tax cuts implemented by President Trump…and other western nations are being burdened by large tax rates as governments need to tax more in order to spend more. Partly why they want inflation. More taxes in terms of more money through property tax and sales tax etc.
All other western nations will also be cutting interest rates. Australia has already cut twice this year, taking them down to 1.00%. Other nations will also follow along. In this environment, what would you rather hold? Would you still want to hold the Euro or the Canadian Dollar? I don’t think so.
If you factor in that all western nations will be cutting rates, the US still looks the best. Martin Armstrong calls this the “prettiest sister out of the three ugly sisters” situation. That the US Dollar is the prettiest sister out of the three ugly sisters (other western currencies).
3) US Treasury Demand
Now this is the most important reason in my opinion. For fixed income investors, US treasuries still provide the best safe yield for bonds.
Fixed Income products are huge for pension funds. In fact US Social Security is 100% composed of government bonds!
There is about 12 Trillion Dollars worth of negative yielding debt in the world right now! Put yourself in the shoes of a German fixed income manager. Would you buy European or German debt yielding very low, even zero to negative! Or would you rather buy US Treasuries yielding a decent amount compared to other western counterparts?
I have argued in the past that the rise in the US Dollar is because of European money coming over (having to buy the US Dollar in order to purchase US Treasuries or even US stocks). This will continue to increase and it will not just be European fixed income managers doing this. In fact, US Treasuries is the best way for foreign funds to obtain US Dollars.
Very quickly, this is why the Fed MUST cut rates next week, and will likely cut many more times ahead.
1) The bond market. The short end of the yield curve has to be brought down, and the Fed Funds rate yields more than the ten year! Meaning banks
take a negative carry.
2) Real economy is not actually improving, and we are either already in a recession (remember it is a lagging indicator...and PMI coming negative), or
we are heading towards a recession. The Fed wants to act quickly.
3) To help service US government debt as well as the consumers. So much bad debt out there, and the consumer needs to borrow more to live.
4) The Fed has to relieve the pressure mostly from emerging markets. EM dollar denominated debt gets more expensive as the dollar gets stronger,
which leads to more problems, and also plays a factor for those nations to buy oil from Iran bypassing the US Dollar.
5) Also Jerome Powell and the Fed have talked themselves into a corner. Stock markets only care about cheap money. This is why they are up. When
rates go down, the stock market will be the only place to go for yield. The Fed now needs to deliver...a 25 basis point cut may not be enough.
So the Fed will be cutting but rate cuts will not prevent the Dollar from rising. This means the Fed may have to "kill" the dollar to save the world.
We are likely to see some new type of Bretton-Woods type conference to sort this all out.
By the way: If I was a Russian or Chinese strategist, I would be telling dark pools and offshore funds to buy the dollar. Keep it propped up even with
bad data and rate cuts. This way more nations will be pressured to drop the Dollar to buy Iranian Oil (ally of Russia and China and key to their geopolitical ambitions). Even Saudi Arabia and other gulf states may drop the dollar just to ensure they do not lose their market share (and the Russians would guarantee the Saudi's military protection). Not to mention the pressure it would put on the Fed and America.
How can the Russians and Chinese do this because the dollar going up means the Ruble and Yuan would be going down you ask? Gold.
Gold priced in Rubles and Yuan will go up and both Russia and China own large reserves and continue to buy more.
This is how Russia survived US sanctions. Even though the Ruble got decimated, Gold priced in Rubles went up allowing the Russian Central Bank to operate with not much damage.
Gold is also a way for these Eastern nations to bypass the Dollar. Gold will be used to settle payments. You sell Oil to China, but don't want to hold Yuan reserves? China converts the Yuan to Gold, you take the Gold, then convert it back to your currency. No US Dollar involved.
EURUSD - Stay Cautious, Big moves ahead!Okay! So as predicted it has been a pretty wild week however the market seems to have respected the uptrend support indicating that investors are still leaning to the conclusion that US interest rates will be cut.
With a new week beginning my recommendation is to again REMAIN CAUTIOUS as more data will be released this week and we will likely see a break of either the lower support trend line or the 1.1284 resistance level.
If you absolutely MUST trade this week I would advise waiting for a close above or below these levels with volume, be careful of false breaks and keep your stops tight!
Put simply:
If economic data indicates the US economy is doing well, the Federal Reserve is less likely to cut interest rates and this particular market is likely to selloff.
Conversely if data indicates poor economic performance, an interest rate increase becomes more likely and we will see a rally.
See my previous idea below:
TRUMP SAYS NO TO BITCOIN!Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame.
The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage.
I look at possibilities positive and negative for the future.
For a comparison of Gold v Bitcoin see here .
Declarations & Disclaimers: I have not engaged in contentious political discourse. I have simply reported the whole truth of Mr Trump's opinions. I have shown that the zone of consolidation disregards Mr Trumps views. Trump's opinions are relevant to traders as his words have potential to influence markets of various kinds. No liabilities accepted for your losses if you trade bitcoin based on anything said or perceived to be implied by this post.
EUR/USD, Daily Chart Analysis June 21Technical Analysis and Outlook
It seems like we have a currency war. Euro Dollar sank after dovish Super Mario - Draghi comment and surged after dovish Fed chair Powell remarks.
The short-term surge of the Euro Dollar trend sentiment remains semi-bullish and current rebound is producing push into Outer Currency Rally $1.1376 . The relatively weak Mean Res $1.3333 will be a showdown of this fake push towards higher prices, with aged Key Res $1.1410 looming above.
On the downside, there is a Mean Res $1.1193 a distance away, while the significant Key Res $1.1330 is sitting below.
Possible Double Bottom Forming in USOILDespite ongoing concerns about oversupply and threats to demand, crude has some upward catalysts after a long bear run. Global contracts are up in the month of June, according to a report yesterday, and China's oil appetite is increasing. Also, Iran attacked a couple oil tankers and the US government appears determined to go to war in order to bolster the president's re-election prospects. These factors *could* catalyze an upward breakout, depending how the geopolitical situation shakes out.
I suspect the $54.40-54.80 resistance level will act as a magnet in coming weeks, though whether we actually push through that level depends on the news. Look for upward triangle breakout and breach of $52.96 resistance as signs that we'll head north to test the $54.40-54.80 resistance zone.
Second TP @1,320 for GOLD
Good Morning,
Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both indicate a target @ 1,320 and I shall be satisfied with all my profits.
Never be greedy!
Short USDJPY on the daily chartIts been over a year where the prices have ranged between 114 to 104.5, giving no clear indications. Might as well take advantage of this big range and check out the daily close below the fibo retracement of 50% @ 109.58 to give a clear path for the 61% @ 108.4. Prices currently @ 109.3, got to make a move , placing a stop @ 110.
Good luck
Bitcoin (BTC/USD) Daily Chart Analysis May 10Technical Analysis and Outlook
The Bitcoin currently is in the steady to higher trend heading towards Inner Coin Rally $6590 and Outer Coin Rally $6760 - there are no resistance levels. On the downside, we have stable Mean Sup founded at $5690 , along with Key Sup at $4916 located significantly lower- primary uptrend rally setup.
US Stock Markets: And what's Mueller got to do with you?!This screencast is speculative - and I invite the full brain power of Tradingview's community to consider the variables which might affect the US Stock Markets around this time. Let's do this together.
The stock market has retreated, probably due to nerves about the Mueller report - among several other things. If the report contains nothing on which Trump is impeachable then, I'm expecting a pump north.
Mueller's hit list so far has been :
1. PAUL MANAFORT
2. RICK GATES
3. MICHAEL COHEN
4. MICHAEL FLYNN
5. GEORGE PAPADOPOULOS
6. ALEX VAN DER ZWAAN
7. RICHARD PINEDO
(Names are in all caps only due to copy and pasting. Names and convictions are all in the public domain, so I'm not defaming anybody.)
Some may think that with so much dirt around it's unlikely that Trump will come out of this clean. Hey, this bull market is about Trump - let's not debate that. If Trump goes down the markets go down like lead balloons. Alternatively, if Trump comes out clean enough, expect bullish moves which may then be limited by other factors.
Separate to Mueller's investigation and report, there are 16 other investigations into Trump. If just one sticks, there could be catastrophic collapse of the American markets - with shock waves globally, hitting Forex as well.
We have other variables to consider :
1. The Fed 'money printing' press going to be turned up.
2. Bleaker than expected economic projections by the Fed and Draghi.
3. Expected weaker US Dollar - creating bullish pressure in the long term.
4. Flattening or inverted yield curves
5. Uncertainty's and delays on deals with China.
6. Potential Brexit shock waves.
7. Germany struggling against recession.
8. 'Housing' market bubbles in several countries including the US, in trouble.
9. US and Global debt totally out of control.
10 etc. .. and much more.
Sorry - I don't know what's gonna happen. I do not give tips on entry positions.
SPX (S&P 500), Daily Chart Analysis March 21Technical Analysis and Outlook
The SPX index after completion of inner Index Rally 2840 is establishing minor Key Res 2833 , while meantime is very likely to decline to our initial Mean Sup 2814 . The significant additional support is found at Mean Sup 2744 , and Key Sup at 2706 . On the upside, there is an open path to the next Inner Index Rally 2880 . (For latest Market Commentary, please visit the TradingSig_dot_com).
WTI Crude Oil Daily Chart Analysis March 19Technical Analysis and Outlook
WTI crude oil is progressing towards next Outer Oil Rally $61.73 as well as Inner Oil Rally of the same price following an Oil Rally $58.40 completion on March 13, while there are no major resistance levels at this time. On the downside, we do have Key Sup $55.15 to entertain in event market breakdown. (For Market Commentary conclusion, please visit the TradingSig_dot_com).
EUR/USD, Daily Chart Analysis March 7Technical Analysis and Outlook
The downtrend is in progress, as the currency has broken out of the tight trading zone and violating Mean Sup 1.1330 in the process. However, a significant resistance stands at Mean Res 1.1390 . To the downside, we have newly created weak Mean Sup 1.1306 along with Mean Sup 1.1261 and Key Sup 1.1218 . Other significant downside levels are flagged on the chart. (For more Market Commentary, please visit the TradingSig_dot_com).
STERLING: Not in a good placeIf you believe big media news headlines you'd be thinking that GBP is on some mega path of recovery. It ain't.
The evidence is that GBP is in serious trouble as seen by most of the big daily trends.
Unless something miraculous happens big trends like these especially GBPUSD create further probabilities for the south.
But on the geopolitical-economic circuit, many in Britain are actually preparing for a 'Hard Brexit'. Should that materialise there is not only gonna be further big trouble for the pound, but for Forex and Stock Markets around the world.
Stay tuned folks! Get your popcorn ready. :)
US Dollar under potential threat as de-dollarization sets in.In this screencast, I'm looking ahead for potential moves, possibly south in the US-Dollar. This is about preparedness.
In the video I explore emerging geopolitical and macroeconomic issues that are taking place.
The US-Dollar strength has big influence at this time on:
1. Commodities
2. Metals - especially Gold and Silver
3. Oil
4. Stock markets in the US and elsewhere.
5. US-Dollar currency pairs.
- and more. This thing is big!
There is reliable information about a silent forex war happening largely unseen as China, Russia and Japan are giving up US debt, and moving into Gold and Crytocurrencies. I don't do predictions, so I'm unable to say what this would mean for the future.
Do not take my word for it - check out this stuff on reliable information channels (unable to give further information here - but PM me if you wish).
Brace! Avoid being flushed out in the 'Economic Colonic'. In this screencast I show how I attack the US30. It's very different to what you see 'out there'. This is about a robust and real trend-following methodology. And not - I'm not selling anything! WYSIWYG. Totally for free! Everybody deserves a chance.
Reality has come home to the markets - globally. There is a mega trade war on at the moment and it has been for several weeks. The impatient and greedy will lose their money to those who are patient and strategic.
What's Geopolitics and Ponzi schemes got to do with you?I focus more on historical factors in brief overview in the video. There is an emerging perception that both the EURO and the US Dollar a Ponzi schemes of sorts.
How can the US Dollar which is backed by 'thin air' have come to dominate the world.
What is a Ponzi scheme? Are there similar elements in both the EURO and the USD? Look and you may see.
Geopolitics affects these two. But I'm not really going into the 'fundamental analysis' of this at any deep level, at all. Demand for a currency is influenced by international trade which then is connected to stock markets. I'm not able to dig deeply into the complex interactive connections here.
To be clear, I separate Geopolitics from 'Politricks' which I blogged about before.
I'm saying that we need to be aware of Geopolitics in the higher time frames like 1D charts. That's not just about currencies - it's also about stock markets.
Stuff that may be of interest:
A Ponzi Scheme
Special Interview Noam Chomsky 2018
A deeper understanding of money from a global pespective - and potential complications, by Yanis Varoufakis
The Monetary System Explained - how the Federal Reserve works (or not).
Century of Enslavement: The History of The Federal Reserve
EURCAD Weekly forecast. fundamental and technical overviewThe price i currently at the 0.886 Fibonacci level (drawn from (0) to 1.54729
Where i could see the price be in a range zone from 1.55713 to 1.53964 which is also between 0.886 and 1.13 on fibonacci.
The price have been in a strong uptrend, where a trend channel also have formed on the daily chart. The price made a new high before starting to decrease, and can be an indicator of further downside so come. the price performed a Bump and run formation,
(see my other chart from Mar 18)
Long trade levels will be 1.52110 which is also the support line in the daily trend channel and 1.386 on fibonacci.
while confer trade in the range area can be made before any breakouts.
Short trade levels is the current level where a break of the 1.53964 can give further downside to the support line in the trend channel at 1.52110/1.52000 that is also a psychological level. break of this level will force a new analysis of a new short target.
The price can have some struggles to make gains, as geopolitical tensions rise, and therefore rising oil prices, that can give the CAD a boost. also we have a oversold indicator on the RSI that signals a weakness in the upward momentum for further gains.
There is a lot of high volatility macroeconomic data coming out the coming 2 weeks. where interest decision and removal of quantitative easing program will be watched closely by investors/traders.
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Long trade.
1. Sold out on RSI.
2. removal of quantitative easing program in talk.
3. easing geopolitical tensions.
4. More output of oil from US
5. Support at 1.53964 that can give a new run to test the latest top.
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Short trade.
1. Break of the range zone level 1.53964
2. Weeknes in the RSI.
3. 5 wave sequence
4. Geopolitical tensions.
5. rise in oil prices.
6. steady Interest rate decision with no talks about removal of quantitative easing programs, or postponement of the program
7. Week data Euro zone and Germany