This chart illustrates the GNP of the USA compared with others over a period of several decades. The USA is on a much slower trajectory of growth than all the other countries on the chart except Russia and Ukraine. This includes the Eurozone, China, India, Mexico, and others. This trend has been in place for decades. It makes for a poor prognosis for the...
Hey Fam. 😊🙏Just wanted to share this information with you all.. I found it very interesting.. This was a chart of week that Wells Fargo shared on there site. I thought it was interesting how they saw a 4 week inversion roughly 43 weeks on average in regards to our last seven Recessions before they happened (Shaded Areas on chart) Before a US recession officially...
KEY TAKEAWAYS An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals....
EURUSD is approaching a key daily structure resistance. 1.15 is year's high, short rally from that level was just crazy in march. we don't know how the market will react this time, so we must be prepared for both scenarios: in case of a bullish violation of the underlined resistance (daily higher high higher close) the pair will most likely keep growing. next...
USDCAD is falling like crazy. here are the strongest key weekly support levels to catch a pullback: support 1 - 1.33 - 1.335 area based on a major rising trendline and a horizontal structure support 2 - 1.30 level based on a horizontal structure Closest key resistance: 1.37 - 1.38 area based on a horizontal structure also, many questions about the...
EURUSD started a strong bullish movement. Multiple strong resistances are ahead. Key levels based on 3 days chart analysis: Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure Resistance 3 - 1.15 levels based on a horizontal...
US OIL looks like support held at 10 and temporary double bottom formed on hourly . Let us keep 10 as strict stop loss and target 15 to 15.5 next few days.
SP 500 Forming a Descending triangle targeting 2380 -2390 on hourly. A break below 2500 confirms the down trend. Always plan to have 1% stop loss plan in case trade go against chartist view.. Watching closely horizontal support line 2512. Crude also indicating downside...
S & P 500 pattern looks bearish . If wedge break down the target of 2186 to 2215 is possible depending where it break down. We need to be cautious if we are long.. Along please respect 1% stop loss if you are trader in this uncertain markets..
1) Injet 2) INJET MORE 3) RATE CUT 4) REPO This economy can't fight a closed China economy , even if there is a election year! So FED will all do to lift this massive overvalue market up.
USDCHF is currently trading in a wide trading range between two significant structure levels. The breakout will determine the market future direction. Our plan is to wait for a candle close above/below the structure level, then we can take action accordingly. Target levels: Resistance - 0.99 Support - 0.96
The real reason why supply and demand works. For the US dollar index its not hard to read there was a massive drop from the big red candle (creating a supply area) and it is now making its way up to the initial price drop area. Based on Elliott wave pull back method we can foresee the 5 waves almost being played out except that we will still have to wait for no...
November 5, 2018 ·Andria Pichidi On Tuesday 6 November, US will proceed with the off-year elections, occurring every 4 years, before the presidential elections. The particular mid elections are expected to affect the markets as the outcome of the election will be important for the future of the President and for the control of the Congress. As the Republicans...
Its worth considering what market cycles can tell us about when this run will end. I won't (can't) explain the logic behind cycles, but they appear in every aspect of nature, which includes human behaviour. Seasonality is a well known example. Using the Dow Jones as a barometer, its clear that there were 7 years between the 2002 and 2009 lows. We can't...
Friends, A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan. Here, we are contemplating a short (green scare representing a conservative, prudent...
What is the Bund? The Bund is the German 10-Year Treasury bill, also known as a government bond. A holder of a bond is a creditor, and the issuer of a bond is called a borrower or debtor. When the price of the Bund increases, the yield received on that bond decreases and vice versa. What is the relationship between Bund and EURUSD? Why is this relationship...
Here on the GBPUSD im getting closer to my short orders being filled and the butterfly pattern completing. stops for me go just above the 1.414 ext and target is the .382 retrace of the A to D-leg. Butterfly rules: 1= Atleast a .786 retrace of the X to A- leg but cannot break X. 2= Atleast a .382 retrace of the A to B-leg and can go past .382 just cannot break...
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)