Thesis: EJ has tapped into previous day support. It has since then printed a ‘morning star pattern’ that has been retraced 50% into by the following hour candle which ‘closed bullish’.
Technical Analysis and Outlook: During this week's session, the Eurodollar decreased and reached our Mean Support level at 1.100 and lower, which suggests that it may continue to decline toward the Outer Currency Dip of 1.087. It could also rise and retest the Mean Resistance level at 1.109 to eliminate weak long positions. It's essential to consider this upward...
Technical Analysis and Outlook: This week, the coin's price action fell below our Mean Support level of 29900, indicating that it may continue to decrease towards the next Outer Coin Dip levels of 28200 and 26900. However, a dead-cat rebound toward the Mean Resistance level of 30050 is not ruled out.
Thank you, Japan. You were so generous. But anyways, here comes the hard pivot.
The bitcoin has completed Inner Coin Dip $39,000 as flagged on Daily Chart Analysis For April 15. The rebound is anticipated to Mean Res $41,550. Bearish activities are possible within this movement.
Pretty easy to see as a full time crypto trader wall street and smart money is trading in paper air Bitcoin bears with bulls here. $100K and $200K this year. Easy. It's not real estate or Bitcoin or other real assets going up, it's FIAT going down faster that we can tell because governement backed currencies are bankrupt and without a floor. Inflation will...
The gain made by EUR over USD or rather the fall of the USD over the past year is astonishing. Who would have predicted that issuing an enormous amount of currency would lead to some inflation?! -------------- This content is for education purposes only. You should not execute any trade based on it. Please do your own research.
I DON'T ALWAYS ENTERTAIN CONSPIRACY THEORIES, BUT WHEN I DO... "THE TRUTH IS OUT THERE"
In general, Monday began quite peacefully. China has been non-aggressive in its response to Trump who has signed into law a bill that supports pro-democracy protesters in Hong Kong. And it seemed that we were waiting for another boring day. However, Trump once again showed why we prefer the sale of the dollar for a quite long time. He began the day by accusing...
Here is an update since 5.95 bottom call.
This is getting politicized a ton with the ongoing "trade war" issue. I'm not writing off the fact that trade wars are a problem, and I wouldn't write off that they could have some effect on how the currency reacts. But the deval of the Yuan is unlikely to be a trade war retaliatory measure. This is worse - this is the uncontrolled devaluation of the Yuan due to...
$USDCNH #Yuan #China #TradeWar #CurrencyWar $FXI $EEM These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I...
I analyzed this chart with the intention of helping you see the bigger picture of where the overall currency pair is heading. The Euro looks like its in a uptrend but it also could be in turn for a downtrend. In my educated opinion, I think the currency pair holds strong bullish sentiment and is riding to some higher highs unless some economic events unravel...
Pretty self explanatory, shaded areas are where I think price will turn, based on unfilled orders existing right outside those candles. I'm particularly convinced by Jim Rickards(youtu.be), who argues that gold will go through a severe re-pricing whenever the relentless expansion of central bank balance sheets overwhelms the low-yield, deflation-biased economy...