The Dollar Index - Back to Financial Crisis NiveauAs you can see, the Dollar Index got rejected on our monthly longterm Trendline, which is at a strong confluence zone with the 61.8% golden Fibonacci ratio.
Also, we do have a reversal pattern on our daily timeframe - a so-called Evening Star pattern, which is a very strong and statistically one of the most powerful Candlestick Patterns.
Fundamentals: I think that the biggest surprised this year will be a weak Dollar, which will close red on the yearly Candle. Most analysts think that the Fed is forced to hike the rates above consensus, however I think that we will get less Rate Hikes as expected. Also, current Dollar price might already have shown the increase of rates as priced in, which would explain why we are heading towards south now, in order to start our next bearish cycle.
I expect contrary to most analytical opinions, such as those of J.P. Morgan, Morgan Stanley and Goldman Sachs, a weak Dollar, which enforces a stable Stock Market, running Crypto, a reversal of the Euro and Gold rising above $ 2000 an ounce.
This is no financial advice.
RT
Analyst
Bullish so long as 970 is support.My preference: Bullish so long as 970 is support.
My pivot point is 970.
Alternative scenario: the downside breakout of 970 would call for 827 and 743.
Comment:
The RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive.
The stock is trading above both its 20 and 50 day moving average,
Stay vigilant -
Advanced_Analyst
What will happen to XAUUSD ?As you can see XAU has a strong Resistance on 1822 - 1833
Because that Resistance 3 times woks and When gold hit that resistance in the past we had large of sell power
We have FIBO 0.382 that zone
I think XAU wants to fall because of this reasons
Thank you for reading
Dont forget Like and Follow and Share
Buy Idea Deutsche BankDeutsche Bank saw a rather weak performance since June and was not able to maintain the positive trend of the first half of the year. I expect financials to perform well this week , after the sector also put in a positive performance yesterday. The US banking giants start the fiscal Q2 2021 earnings season today. The first are JPMorgan and investment banking giant Goldman Sachs. Deutsche Bank itself publishes the results only on July 28, but would benefit from upbeat earnings, especially from Goldman Sachs. We can find a good entry point at Deutsche Banks current stock price (€10.35 - €10.45). Goldman Sachs published strong results in the last four quarters and showed particularly strong results in Q1 2021 . It was mainly driven by a significant jump in investment banking and sales & trading revenues on a Y-o-Y basis (also boosted by weak 2020 figures), followed by positive growth in the asset management business. While I don't expect this trend to have continued in the same pace, I believe that GS was able to perform strongly in Q2 2021 as well. Goldman Sachs reports before today's NYSE opening. For Deutsche Bank, the figures from investment banking are particularly important, as in 2020 Germany's largest bank also generated the majority of its profit through investment banking.
Filling The Gap GOEDFinally back in the gap on GOED with strong volume to start the week. New coverage from ThinkEquity puts a Buy and $12 target on the stock. I think now it comes down to continuation and follow-through. Secular trends will likely start playing a bigger role if or when it breaks back through this gap.
"Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch."
Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
Well this is quite the sell off!EURUSD is finding a fair bit of downside following the Fed announcing they have changed their interest rate outlook. The fed announced it's projections to change rates in 2023 instead of 2024 on Wednesday, and as a result the USD is back as king. Surprise surprise, the currency of global trade and debt is making a comeback. If you had seen our USDCHF monthly pivot signal you'd know we have been looking out for some long term USD upside. Inflationary concerns had been rising in the USA, and it was a matter of time until the Fed took action to ward off concerns.
So what next? This USD rally has a fair bit of steam to blow off, so we may see a USD retracement before further continuation. Is this the end of the USD Bear market? I say NO! Whilst the revised projections are USD positive, they are still 2 years away. I anticipate this rally to fade and see some more USD downside in the later parts of 2021.
HOWEVER - It is my opinion that the Fed will raise interest rates earlier than expected, and adjust the rates in Q1/2 of 2022.
My outlook is for USD UPSIDE for the next week or three (remember, this is also financial institutions taking profits from the USD bear trend at the end of the financial year!). Following this I anticipate USD DOWNSIDE in mid Q3 and Q4. Then following this look for USD upside in 2022, as the fed will be itching to raise rates by then.
Happy trading friends!
XAU USD - the pathwaysHello traders and analysts
A Note before reading - this is a technical qualitative analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Volume is used on occasion as well as quantitative features - which will be explained.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
See the SPX or US500 analysis here:
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
Monthly Imbalances
Below are the imbalances which are clearly outlined;
(i) the first imbalance, shows the 2020 low whereby price has retested the zone between 1112 - 1180, the previous imbalance identified is comprised of the Spinning top - while on a monthly body, the evidence is clear here where price will experience a buyer, sellers imbalance - giving the high probability of price closing out sells and creating a high buying imbalance upon the low.
(ii) the second imbalance is between 1447 - 1554 (despite this being a huge range - the reason for this zone is due to the price creating a high of 1554, which price has established - imbalances will be retested and filled successfully . Notice the monthly doji - before the bullish engulfing candle** (see screenshot two) to understand where the imbalance has filled the low closing of the high.
Price reacted and created the buying imbalance - converting the sellers to close out or buyers hedging positions.
** imbalance filling example
(iii) Price then established a high of 2077.XX - 1966 imbalance upon the monthly. This is now the Fibonacci monthly top - or the weekly target using Fibonacci on the extension target for further evidence of the high reaching the target top.
From here though, the imbalance converted the high - to the Fibonacci 38.2*, whilst this is only a confirmation, the real reason for this is price will close out the imbalance at 1673 - which needed filling. This created a pivot point within the market structure to establish further longs.
Now adding the weekly imbalances
Here are the highlighted zones which are where the imbalances have occurred. Notice how these zones align within the monthly imbalances. These are clearly defined as outlined by the second chart. . Whereby price has touched the imbalance low and closed out the wick. This has proved the monthly level imbalances and determines the pivot structure.
Four day, 16 hour is privatised
Daily Imbalances
The Daily levels are shown and on the imbalance wick - before price has created an engulfing candle.
The price shows the target of the range at 198X.XX - this will form a range top before the four day, weekly imbalance and daily imbalance above.
Price will look to leave a wick here for a high towards 1990 where the previous wick high was. This will be needed where the imbalance.
Where gold is heading using trendlines and patterns.
The idea of what price is looking to achieve - using the eight hour chart as a drawing tool.
Cross-asset comparison
Here is the XAU XAG sector index for a cross comparison showing the levels of commodities - showing the rise in precious metals are back with the imbalances.
Weekly overlay of XAU sector index vs XAU
XAU XAG
Here is the chart of Gold and Silver correlation - where price is floating around the 61.8%* Fibonacci retracement.
The reason for using this chart is to fully understand the relationship of the undervalue of XAU XAG against the market sentiment.
Inflation ETF Vs XAUXAG
Here is the monthly chart with the overlay of the Pro Shares Trust Inflation Expectation.
Below is the weekly chart - where 0% interest rates have been applied, since this moment repeating again since 1930's - this is a critical pattern piece of the market to understand.
Attached is the Fred Federal Reserve balance sheet
The monthly chart represents the S&P500, US02Y and the FRED/WALCL all together.
Notice the cross patterns between 2008/09 and of course with the most recent Pandemic.
A further detailed version of this is .
GBP JPY is privatised
Key
SPX = Orange
US02Y = Light blue
WALCL = Dark Blue
The returns of the US02Y correlation is negative against the SPX & FRED.
Although the SPX is completing the Fibonacci extension - this is a cause for concern.
This is a huge macro-economic shift and is now becoming concerning. For a further understanding, of QE and inflation measures - please do your research on said topics.
To put things into perspective - the Repo market has now created an over supply of cash in the market which has essentially no where to go.. where, the increase of USD at 0% has been part of the asset purchase and drawdowns on the balance sheet causing a Reverse Repo situation. This has not been helped in the slightest by states, and other financial measures providing stimulus onto the end user .
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Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
GBP JPY - Buy updateHello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet - Four day
Orange = Daily
Magenta = 8 Hour
Grey = 4hour
Pink = 1 hour
See the previous analysis here
Original buy here.
Monthly imbalances:
Price has rejected the previous all time low of GBP JPY. It is important to note here as to why this area on the low is so significant.
This zone is a powerful buying zone for positional holders like us for two reasons;
1. - Price is clearly making lower highs
2. - The monthly wicks are closing bullish - suggesting the zone is a fractal buying imbalance - with clear evidence of a engineered liquidity wick rejection.
Weekly Imbalances
The reason for buying in at this level is simply due to the imbalance being filled on the weekly at 140.5-70, this zone was the top of a trading range where patience is required here for a Fibonacci retracement back to 137 zone. Upon a rejection to 136.80+ a buy would be prominent.
Keeping the outlook in perspective is the key to buying on a higher timeframe, more aligns and there is less noise to worry about regarding reversals, trading ranges.
The reason behind the entry point here at 137.80
The monthly and weekly imbalances above the buy zone at 136.69 are geared for longs as the imbalance is yet again filled.
Daily Imbalances:
Now that 152 target has been reached - this is now in a weekly and daily imbalance where price will look to use the previous daily and weekly former imbalance to create a range for one final push into the next zone .
From here price will be monitored watching the all important weekly imbalance at the top of the structural move.
The daily imbalances in have been patient levels to signify buys. - Previous analysis has provided clear indicators as to why these are buying opportunities.
Price will fluctuate back to a low of 148, to regain liquidity measures and false breakout the sellers.
Profit taking
As mentioned in the previous analysis 150, 152, 154 are even numbers to take partial profits.
From this trade, profits have been taken leaving a small ending balance to follow through with smaller imbalances maintaining the open interest swaps.
Cross correlations between GBP USD, XAU USD
The price chart here signifies what GBP USD is doing, where the dollar is correcting against the pound from an imbalance level at 1. 40 - price is now in a correctional phase, awaiting a buy move, therefore GBP JPY with a strong inverse, is also experiencing the same inverse phase.
Current cross analysis
Here is the current analysis using the four day view and the monthly chart to see the rise of the Pound Sterling against the cross pairs as aswell as the correctional move for Gold.
Data Range shows entries
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
THE ZONE OF DECISION FOR THE GOLDHERE WE CAN SEE THAT THE GOLD GIVES US THE VIEW TO TAKE EASY MONEY AND DECIDE IF WE ARE BUYIND OR SELLING
IF THE PRICE IS GOING UP THE LINE AND HE IS FOLLOWING THE GREEN LINE SO THATS A GOOD OPPORTUNITY WITH 95 PERCENT TO EARN MONEY FROM LONG POSITION
IF THE PRICE IS GOING DOWN AND FOLLOWING THE RED LINE ALSO A GOOD OPPORTUNITY FOR EASY MONEY WITH SHORT POSITION
Good luck
RITES on a all time Very Strong Support.BUY! Easy Target 265 Rs.RITES Ltd, is an engineering consultancy company in Transport Infrastructure. (A PSU). It is on a very strong Support of 240 . A very sure target of 265. and has very good potential to even go to 300.
NO RIsk stock and it is the perfect time to buy this. BUY RITES.
IOC BUY CALL, Simple Price Action - Uptrend ChartIOC has been making a good price action chart since 1 and half month. The bottom line being Buy Time and the upper line Sell Time. Seeing the trend Short Term target set as Rs. 106 and if breaks out that then no bounds for it.
A good stock at a correct buy price. BUY BUY BUY.
Ignore the Downgrades, Ride Past Earnings: Super BullishNone of the fundamentals of $HYLN has changed. In my opinion, it is still close to picking up key support levels. $HYLN has already been oversold, and it has low volume into an earnings call that I believe has some high potential. I would say, buy and hold. This stock should be at the very least $25 if it wasn't for the massive market overreaction. I think the neutral points, upcoming resistance + company fundamentals are promising. That said, do your own due diligence and invest at your own risk.