Maybe not so bad after all?Here's a predictive trend-based model that suggests the current turbulence might not foretell doom. The conspicuous parabolic movement at the start of this year was out of trend, and is simply being corrected back into trend, according to this hypothetical model. Curiously, notice that it's almost like sheering forces (yellow lines) shot across the trend at about a 45-degree angle to the trend defining the (a) slope, (b) peaks and (c) valleys of the turbulence to date.
Optimism
Overview in US Economy 1996 - TodayThe closer you look the less you see.
Goldman Sachs four stages of economic growth
1)Despair
Outperformed : verified
Utilities and Health care
2)Hope
Outperformed : verified
Car Manuf
Chemicals
3)Growth
Outperformed : verified
Real Estate
Travel Sector
4)Optimism
Outperformed :
Latest themes such as : verified
Electric cars
Latest tech such as : verified
Cryptocurrency
Optimistic Long STRAT Scenario...Levels just seem to match up Can't predict the rumors or news, but from a TA standpoint this would be interesting : )
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.