FXPIPTITAN1
PremiumThe US dollar is and has been in a multi-yr bull run and should continue the move higher into next yr, 2023.
Looking for the US dollar to hit 120.00 before the end of Dec, 2022 and 131.00 before summer's end 2023.
Expecting to see a break below 15,810.63 for a hit of 14k. It's A Waiting Game...
As seen on the chart we have a descending channel with price maintaining a downward price move heading towards (imo) a possible retest of 0.9608 then a break lower.
As seen on the chart we have a descending channel with price maintaining a downward price move heading towards (imo) parity @ 1.0005, in the coming days/wks.
Expecting Euro to run up and touch 1.0732/1.0750.
1st do not get confused with my other charts posted on twitter: @fxpiptitan ... This chart shows a continued move downward and as mentioned, look for a possible bounce up: Be Ready. However, keep in mind that the trade signal generated here on this chart has not changed as of yet. After seeing not much of a reaction from Cable on Friday after the release of the...
A down signal has been in place since Feb 3rd but signs are building that a bounce is about to occur, imo. Be Ready.
The $EURUSD Pivot Point to look for is 1.0579 but no confirmation sell signals has been given as of yet.
With both Cable and Euro, the main overall trend is down. Cable gave a confirmed sell signal a while back and the signal is holding. Pivot Points to look for are 1.2017 & 1.1986 but my concern - at the moment - is a potential move up to 1.2700's before hitting the lower Pivot Points as mention. I will have a better view come Sun/Mon of next wk.
You would think that after a drop from the highs of that amount, a sell signal would have been generated but no. And I remain neutral.
After reaching 778.00's I expected a pull back, even though I stated I was neutral at that time and now bitcoin price is currently 978.22, I must say this is the only financial instrument that looks to me that the PEOTUS is actually giving a boost. Nothing but gains since the Nov 8th election, no big sell-off occurred before or during election night. However, I...