It hasn't lost it's momentum. Minor pullback with long rejection wick and.. it's August, UJ Seasonality agrees.
Again, because JPY oscillation from COVID up to the opening bell seems minor. This indicates a much strong USD selling pressure than JPY buying pressure and may change as we near the end of USD devaluation in a few weeks/months from now. My latest estimate is the end of this year but I would not be surprised if it stretches into next year and perhaps takes along...
UJ Seasonality signalling at the max, August, traditionally the month, BTCUSD hits diagonal trendline, YFIUSD ( Yearn.finance ) hits trendline. Random selected btw. 7d performance 28.9% ) Weekend drop signals buying pressure even tough consumed by large selling speculator.
Following up on previous idea with Oil on a hyperinflation journey, here is another strong signal. With stock markets picking up watch this commodity this month for some interesting upside action imho. August, the month of the UJ Seasonality opening bell..
Don't think NJ will work it way through 70 JPY/NZD and bounce of north side to continue its strong rally, leaving behind another higher high confirming this strength and not much more than a daily wick below this level. UJ Seasonality agreement
Due to strong correlation with USD the Japanese currency is expected to devalue for a bit when USD devaluation accelerates. At the same time the Nikkei will show a rally exactly as is expected of then DJI. UJ Seasonality approved ;)
Last month Doji pattern agrees with the likely few month short of UJ Seasonality (UJS) prediction.
UC is setting up for multi step drop over a period of months I predict coming from the high created by the COVID pandemic. Any time this week and maybe at time of writing another step down will take place. From signals I read it may be quite a big one too. On the chart I marked some levels it may halt its descent and consolidate until continuation. Nothing...
USD rolls over, then BTCUSD appreciates. Otherwise I am afraid my once predicted target of 888 still holds and may be reached within two weeks..
Everything is waiting for Oil to reverse imho, and one last stock market upside rally will be witnessed. See related ideas for inter-market correlations when USD is about to roll over. Affects Brent and other commodities. When the world reserve currency rolls over expect all financial markets to be affected. UJ Seasonality opening bell in the making..
Courtesy for this opportunity goes to @FOXofLA and I immediately noticed the agreement with my US30 intermarket correlation chart. The market is still very undecided and causing sideways movement most of the time with sudden strong momentum when one of the leading competing parties is not paying attention. It is therefore also. and including worldwide CB...
Expecting AJ same angle retracement after the USD pump two hours ago, catching up with the underlying trend of UJ Seasonality.
Carefully watched GJ the past few hours and from its price action I'd say there is a fair chance it doesn't even touch the lower trend line and goes from here. If this publishing doesn't compel traders to counter trade firmly ofc ;)
There is a fair chance AJ has accumulated enough buying pressure to overpower selling pressure on the other side of USD and break out to the upside here. Keeping an eye on what CAD does currently by looking at CJ for example confirms this case and its agreement with UJ Seasonality's opening bell. Looking forward to Monday or Tuesday London open for this...
Correlation driven by USD devaluation. AUD and CAD are both also known to strongly correlate as both economies are for a large part driven by commodity exports. This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside. UJ Seasonality agrees..
This is where we are getting a little surprise imho. Oil will continue to appreciate along with the stock market and CJ will devalue because of CAD devaluation in this special case of USD devaluation and stronger correlation with USD than with commodities..
Backup up by UJ Seasonality, a macroeconomic mass psychology monster held asleep by the universal mind of traders, coming to awakening and signals this with USDCHF..
Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern? In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold...