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USDSEK

USDSEK relieve move maybe?USDSEK continues at historic highs. Yesterday it made another attempt to break 9.688 resistance area but once again it failed, this is the 3rd attempt and the 3rd fail recently. The day ended with a pretty big inverted hammer candlestick what is also a bearish signal. When looking at RSI we see that it is also loosing strength with each attempt to break the resistance, probably meaning that the bulls are not strong enough. I expect it to make a relieve move to 9.471 support area where not only the horizontal support but also the trendline coming all the way from January will come into play. What will happen there? No idea but I expect a bit of a consolidation move between these support and resistance area. Lets look at the 4H to see how I intend to play this pair: I would like to see the pair making another weak attempt to break above the highs and fail. Then I will enter the trade on the break of the black line. If the pair goes straight down I am afraid I will miss the opportunity and will wait for the next pullback. Trade safe!
Short
by MicKi
About income inequalityAh, the great nations of Ethiopia and Afghanistan. Since very low income inequality is, according the far left, the absolute peak of human development, then we can all agree that Kazakhstan, Ethiopia, Afghanistan are among the most prosperous nations of the planet, absolute powerhouses! Every single country that tried "equality" has failed utterly. The ones that lasted longest were those with fossil fuels, and the ones that today can make it work are countries with fossil fuels (Norway...). Sweden is not a complete failed state, this is the socialists of america main point. They have only been socialists for 10 years LOL. Sweden is not a complete failed state YET. They have already began to decline and they barely just started with socialism... On the other side, things are not better. The most inequal countries are in latin america and sub equatorial africa. (en.wikipedia.org www.indexmundi.com) Here is the top 10: You may be aware of the growing popularity of the far right in South Africa (that openly talked of killing all whites). Who are these top 10% in most of those countries? Well that's easy. The ruling class and the ones holding the guns. As long as the military are well armed and well paid, the rulers can keep taking everything for themselves... Great places. But they are idiots. They keep 99% of the pie. But the pie is tiny. Not worth it. The USA, with their current culture of overpaying CEOs, giving them golden parachutes, paying the shareholders and ignoring the workers, short term profit more more moar, are drifting towards that extreme inequality... Long term is NOT bullish. The answer of the people of America was voting for Trump in 2016, and nearly having Bernie Sanders run for president on the left (Hilary barely beat him ~55% to ~45%). And things have gotten way worse. And until the USA goes back closer to the center things will just keep getting worse. The right is blaming foreign nations & illegal migrants, the left is blaming straight white men. Both are (obviously) wrong and stupid. Apes. Sweden, or some call it Swedistan, are the generational short at the moment, until something changes... I think the far right is on the rise there, maybe they jump to the other extreme. But I doubt it. Long term outlook is "it's going to ZERO", keep an eye on politics there. A change of mentality can change things very rapidely. When Germany went full fascist in the 1930s their currency and economy recovered faster than you could say "why is the margin clerk calling me". Of course we all know what happened after that initial short term relief euphoria. Turkey is in a downtrend and have high inequality but I am not sure about the situation there. I want to see what happens after Erdogan. Maybe same as Venezuela after Chavez? XD RIP. It seems logical to me that the perfect situation is in the center, but even if this is not obvious enough, history has shown that this was the most prosperous environment. Economists agree that inequality is good, and necessary. Anyway, how is the guy that puts groceries in bags getting rewarded the same as Henry Ford fair? Lmao. It does not matter if you agree or disagree with politics, really hate the far right NAZI and do not want their economy to go well (short term). If you ignore facts and numbers the margin clerk will call you regardless of your views ;)
TVC:DJIEducation
by MrRenev
4
USDSEK approaching support, potential for a bounce! USDSEK is expected to drop to 1st support at 9.52966 where it could potentially react off and up to 1st resistance at 9.59545. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone