PD_Capital

PD_Capital Updated 

Since its lows from 2023, Coinbase has followed a textbook EW count on the weekly log chart, and we think W5 is here to take it to new highs in the coming weeks. As long as 115 holds, the count is still valid and fresh highs will confirm we are on our way above 500.

PD_Capital Updated 

EURCAD reached our original target in the 1.20s as I suggested a few weeks/months ago. Fundamentals and data still support CAD; however, the sentiment for EUR is extremely negative and the impulse structure looks complete and oversold. Based onthis, I would expect a recovery to the low 1.40s area in the next few weeks/months, where some resistance will be found,...

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US10y reached a high @3.49% in line with EW targets, and seems to be consolidating correcting. In the process we can see a H&S forming that could target yields 100 lower than current levels (3.01%). The area between 1.90-1.50% would also be where fib retracements are for the full upmove and where the 200w ma also lies. Scary to think of the fundamental reasons for...

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Different cross, same macro CAD strenght singals. EURCAD seems to be breaking down below a multiyear support trendline (yellow). Current levels (green) could act as support on oversold conditions and trigger a short term bounce to re-test the broken trendline, but the ultimate target could be as low as the 1.20 area in the next couple of years.

PD_Capital Updated 

the move higher in US10yr yields seems to have reached our fib target level around 3.17% while breaking the major downtrend (blue line) in place since 1982!. for the last couple of weeks the move has been consolidating/correcting and re-testing said downtrend while holding above it. this could be a textbook case of break and re-test before a continuation towards...

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USDMXN seems to be moving within a downward channel for the last 6 months. Banxico's more proactive monetary policy (rate hikes) than most central banks, particularly in developed markets, have supported the Peso during this period with a few bouts of risk off, like the one of the last few days, that have pushed the cross close to the upper limit of the channel...

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AMZN has retested (and failed so far) to regain the uptrend broken in January. The current bounce is facing resistance in the $3235-$3360 area where the broken trendline (purple), 50wk ma (yellow) and fib retracement lvls reside. As long as it fails to regain above those levels there is potential for a move lower with targets @ $2625 (min), $2222 (opt) and $1570...

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US yields have continued their move higher after our accurate call for a breather and our suggested targets were reached a few weeks ago in our february call for 10y yields. TLT has now moved to the "support" area that has proven to be a good buying opportunity a number of times in the last 15yrs. Inflation is here to stay and the FED who has been late seems ready...

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GLXY has been correcting/consolidating during the last year but is starting to show signs of a potential new bull leg. The upmove from 2020 to 2021 was impulsive in nature (white) and has been correcting/consolidating (purple) forming a slightly downward channel (blue). Price has recently broke above the 55wk EMA (yellow) and needs to stay above there and break...

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Latam, much like the rest of EM, does not seem ready to break out yet and has failed to break the downtrend in place since '08. However, the up leg from March '20 to Jun '21 seem to be and impulse wave of what could be Wave I or the beginings of a spectacular rally in the years to come if a new commodity supercycle keeps going. ILF is currently correcting and...

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Recent months has seen the EURUSD on a clear downtrend. Fundamentals continue to point in that direction. Inflation, inminent Fed hikes, weak growth in Europe vs. US and to top it all the war in Ukraine has pushed Europe into a crisis. However, from a technical point of view the move is starting to look stretched (Stoch and TD Seq) and has not broken yet below the...

PD_Capital Updated 

DXY finished its expected correction consolidation from our last posts @ around the 94.5 area and its moving higher again towards our long standing ideal targets of 97.7 with serious potential to reach the 99-100 area given the H&S structure (orange), current oversold conditions (Stoch RSI), Fib & Elliot wave targets (white) and retest of the broken downtrend...

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Another relative value chart. Gold has underperformed the SP500 in a clear trend for the last 2 years. We are now testing that trendline (yellow line) and a break could signal a period of gold overperformance in the next few weeks. if we break we could see a move at least to the 55w ema that acted as support a few times last year. keeping and eye on the weekly...

PD_Capital Updated 

Emerging markets have been trading inside a massive wedge for the last 20+yrs and currently testing upper trendline....however technicals look very overbought and do not support a break yet. A move to the lower trendline in the coming months/yrs looks likely.

PD_Capital Updated 

TSLA impulsive wave structure looks already complete or about to be complete in the $1,400 target area based on Fib ratios. Stochastic and RSI indicators suggest overbought conditions and that a deeper correction might be already on the way. Not much support until the $700 area where also the 50w EMA sits. However, that is 30% lower from current levels and 45%...

PD_Capital Updated 

The latest upswing in US10yr yields seems to be ready to take a breather supported by technicals and the geopolitical situation. Rates broke to the upside of the triangle (purple) a few weeks ago and have reached the projected ideal target in the 2.02% area while looking a bit streteched in the short term (Stoch RSI) and TD Sequential. This, plus the geopolitical...

PD_Capital Updated 

BTC seems to have meet minimum targets for Wave (5) @ 69k last November (white). However, the current move could still potentially be considered part of a Wave (4) which means that we could could see a Wave (5) to new highs in the comming weeks for a shot to the 90k target (orange). In any case, the current down move seems ready for at least a bounce on oversold...

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At current levels ($64), XLE seems to have have done a textbook break and retest of the downrend (purple) in place since 2014 that wold indicate a powerfull move higher is in the cards. However, the impulse move since the lows of march2020 seems complete and XLE reached its minimum target in the $66 area last week. This, plus overbought technicals (Stoch RSI)...