This is the point where this pair becomes a monetary appliance - i.e., a cash machine -, much like a George Foreman Grill; "Just set it and forget it!" (Here, the levels are accurate enough to be tradeable.) "Just SELL it and forget it!" It doesn't get any easier than this.
This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD. The Hungarian Forint is staring at a massacre, with immediate effect. (... despite the fact that I applaud Victor Orban, the Hungarian Prime. Nevertheless, he has nothing left to work with. Simultaneously, he (still)...
To properly represent (and trade!) the Yen related pairs, it is strongly recommended to create a Yen-based currency basket. (I did attempt to import data into TV from such a basket - weighted by the acceleration differential between the USD, EUR, GBP, AUD, CAD, CHF and a basket of Central European currencies versus the Yen but for some reason I couldn't make...
What better of a (short) entry than just as this starts working it's way through that massive Shark on the Weekly ?! ... SHORT Not to mention that up to this point the Pound is the manifestation of everything that could be (and has been) thrown at it (monetarily speaking), including the kitchen sink. E.g., There just isn't much left in the BoE's arsenal that...
Lock and load (Short) and forget it. The Chinese collapse will take down the Aussies, right along with them. 'nough said. (Might wanna amuse yourself with the Aussie real estate bubble! They have built enough - empty, ridiculously overpriced - stuff to house half of China. - Perhaps the half that is about to lay down and die, due to old age?! ...) Pahleeeease ...
The chart ought to be self explanatory. (Should have cleared already that +400 pips to which the previous post - attached - eluded. :-)
This pair is running into major resistance here, in an area of heavy confluence. This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU...
I've been loading on these like crazy, all day long. Yields have peaked, by any measure. Also, the inevitable - continuous - U$D buying can't help but push these higher. The Yuan/Rubble based trade, while present, is miniscule and capital isn't exactly flowing into mainland China. No one trusts the Chinese and the Russo-Chinese alliance is about as stable as a...
This is very much in the same boat as Coffee - out of season, increasingly negative fundamentals, etc.. (Now, even cocoa brokers are entertaining each other tall tales, trying to pass the time and in an attempt to reinvigorate the business. Yeah, how could that not work?! ... ;-) A resumption of a U NYSE:D rally, at any point, will put a further lid on this one...
Probably one (in not "The") best long term Shorts out there. Here is the Long Term;
Sure, it is winter in the northern hemisphere so why even bother with the grains at all? ... ... Because cheap Ukrainian wheat had absolutely flooded European markets, so much so that very soon they will have to start dumping some of it into the ocean! (Right now, they are trying to air out these mountains of grain, so it wouldn't mold, but that will go only so...
Pretty much everything is aligned in favor for this pair to post significant loses in the near future. (Including the sentiment indicators which are in firmly bearish territory!) E.g., Fade the rallies! - China's reopening is a dud - to say the least -, more importantly, with substantial long term implications; - The commodity picture is strongly DEflationary,...
The Russian Ruble is represented on an inverted, logarithmic scale vs.the G/S & G7 currency basket, where a rise in price levels on the chart indicates an irise in the Ruble. For all the widely known reasons the Russian Ruble remains a remarkably accurate yard stick of the march of imperialism and the states of various hegemonies ("Globalization", in short) for...
Looks like cable is fixin' to be done for, right about here! SELL it hard!
... picking up pace. - A lot, lately! TLTR The war in the Ukraine was essentially over the day it began. Now, with western interests notably starting to fade, it will start to make it's way to the back pages of daily reportage. Why was this even an issue of US interests, to begin with? ... Washington had this far fetched dream - although, not entirely without...
This is the March-April, 2023 playbook , focused on four (4) markets - so far -, highlighting potentially important plays, including a longer-term position (weekly/monthly time frame). (One should never maintain more than a maximum of three (3) positions, simultaneously , as there is no possible justification for trading more than 3 instruments at the same time!...
This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though! (When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.) Here is a close up;
Instead of recanting the otherwise already widely disseminated fundamental factors, a couple of fresh data points; - Central & Eastern European housing market in collapse; YoY -28% decline in residential prices; - The nagging (constantly revisited) issue of Russian exports of enriched uranium (fuel rods) to the EU (and the US) will now likely be "officially" voted...
