weekly analysis shows how UC moves in predetermined waves with SHOCK events punctuating extreme highs and lows.... from a technical point of view the all time lows which was punctuated by the earthquake tsunami and the meltdown of several nuclear plants in Fukushima Japan which resulted in a TONS of plutonium (end of the civilization event) should have sent the...
The move up in the us dollar index from 94.14 to 103.89 took the shape of a ABC structure per normal. The ABC ended at 103.89 which was a perfect 1.618 fibonacci extension. DXY is now retracing the move up in a typical choppy fashion as dollar bulls try and catch the bottom of the retrace and push price up and dollar bears sell into the push. This creates a...
OANDA:USDCAD UC has sold off after a nice rise in a channel. the selling was caused by a weakening in the USD and strengthening in CRUDE OIL. traders have been moaning about the lack of correlation between the rise in oil prices and UC when the USD was being ramped up prior to the FED minutes and YELLEN speech. so if we forget about the news and look at the...
i due this pattern out in chat for MASH....identified the retrace target as 1.32ish in USD/CAD before a major PLUNGE so far so good