ivn96

ivn96

Monthly view

ivn96 Updated 

consolidating for up move

ivn96

Given that I expect DXY to go up we might very well have this short-term trade

ivn96 Updated 

Let's see whether it can do this in reverse

ivn96

Short-term

ivn96

Looks like the aussie will make 5th wave down before up move.

ivn96

Looks like head and shoulders to me. I expect the 'purple line' scenario,i.e. ECB giving hints to further easing, while the FED - 'economy is great'

ivn96

Indeed, I was expecting a surprise, but not from OPEC. It looks like the market does not buy that much the idea of "Fed rising rates".On the other side, this rally is based primary on expectations,but not fundamental change in driving factors. The fact that the rally is based on expectations makes me thing of an impulse wave. Although I am not e frequent user,it...

ivn96

Let's see what does the market expected from ECB.

ivn96

It looks like NY Fed's Dudley brought back the talk about rate hikes.If the stock market does not blow up like August last year,this 'induced confidence' will likely keep the dollar higher.

ivn96

Plain and simple. We have closed below 78.6% support and heading towards 1.1238 / though I suggest taking care at 1.14 as it was the double bottom in 2013 => some support expected/

ivn96

It looks like we are heading for '98 lows. I suspect that there will be a shock in the demand side; OPEC and the dollar strength could bring a surprise,tough.

ivn96

Conditions for Head and Shoulders

ivn96

Conditions for Head and Shoulders . Still ECB meeting will set the major direction

ivn96

If the cycle repeats itself... As ECB is expected to continue the monetary easing