as we might of `felt` the US Dollar has gotten weaker for over a year, this might be because of political tension in the states, distrust in the current US Treasury or any other reason really. but from a technical view there are chances of a USD comeback. right now the US Index is in an exhaustion or correction moment, this means according to price action traders...
NZDUSD is gonna go up this week, seeing that it broke a long lasting trend line and aditionally formed a new one at the 1hr charts. needles to say NZ02Y has shown that it will go up, meaning that NZD´s Bond prices will drop... New Zealand Government Bonds Yield 02
So as many might know, USDJPY has been ranging for over a year! and finally the support level is being broken, which shows how the market will push bearish in 2018... sell
we need to stay aware of the end of this pattern, once it happens we´ll know if the market bulls or bears
does anyone know WHY? i mean there is convergence everywhere but it wont go bullish, anyone know why?
hey traders, i cant be wrong, but i really think a market crash is coming for 2018 or 2019, the chart not only shows divergence but there hasnt been a market crash in 12 years... and Nasdaq has increased like never before, the tech bubble increased by 5000 points, and in 09´it infcreased by barely 2000 points, today the stock has increased by 6500 points, POINTS,...
USD/JPY has been very volatile lately, but we surely can still determine the charts, now the market will rally down to a longstanding support line. we´d have to see how the chart reacts to this support, if a pullback or a breakout is possible. Good Luck
I´ve been noticing some convergence lately in this chart but apparently now its reacted, and also you cant see this convergence in a 2hour chart, so this could be a risky trade and i´d place the Stop Loss closely, maybe the short reversal ended or maybe its just starting to take shape.
Happy Weekend traders! For Monday´s trade i´d pick a short sell on USD/CAD seeing a noticable reversal that might stretch all the way down to its original support line, seen that we have a fake breakout, stay updated!
AUD/USD has been moving in an uptrend for a while, and its now hitting its support level, and it is also showing convergence in the RSI, this will create a bullish move, and depending on how the price chart reacts to our fibonacci levels, we´ll know how continous this bullish trend will go on for
Clear divergence on !h chart, USD/JPY sell and take profit, if we reach our TP 3, a long termn pullback is HIGHLY probable