reneordosgoitia

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As we can appreciate the price is in the upper part of the channel area. The pair is in the 4h timeframe is showing up a 3rd impulse wave. to take on considerations: In the fundamental side: The US-China trade deal had get cold, with no deal yet the price makes huge movement to upside. The friday lower than expected CPI report hadn´t be relevant to the market...

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As we can appreciate the price touched once again the upper part of the channel area. The price is in a retracement process on a lower timeframe. What to take on considerations: In the fundamental side: on wednesday was released the FOMC comentary that the Fed is not going to cut the interest rate and is tracking very close the "transitory" behavior of the CPI,...

reneordosgoitia

The price had touched the fibo extension level of 261.8, an important resistance area according to the historical data. So the price, maybe, had already finish or is finishing the third wave so this are the possible areas to be aware to go long again.

reneordosgoitia

As we can appreciate the price had touch once again the lower part of the channel area. The odds are inclined to a downside movement. What to take on considerations: In the fundamental side: on wednesday there is going to be the FOMC meeting, the importance here is what is going to said Powell´s to the first quarter economic growth, the economy grew at a...

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As we can appreciate the price is in finally in the upper part of the channel area, situation analysed in the last sunday report. The odds are inclined to a downside movement. What to take on considerations: In the fundamental side: on wednesday there is going to be the FOMC meeting, the important here is what is going to said Powell´s to the first quarter...

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The price is right in the upper part of the channel trying to break it to the upside but hadnt find the strong enought to break it. So what we can expect is the price to keep moving inside the channel, while the price does not create a new high, the odds are inclined to a sharply drop, according the fibo extensions the next supports areas are 4700 and 4200 to...

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The price of the Dollar Index had broke a channel created in the 4h timeframe, so we can expect a one more impulse to the upper part of the channel. What to keep on consideration: In the fundamental side: The market is watching the earning season, for this week we have the reports of Amazon, Microsoft, Exxon mobile and further more, the rapid advance on the...

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The price is right in the upper part of the channel and in the 61.9 fibo retracement of the last impulse to downside. This is a critical area to see if the market is going sharply to downside or if is going surpass the previous high

reneordosgoitia Updated 

The price is right now in a retracement process, if the price could not broke the upper part of the channel, we can expect to broke easily the lower part. According to the fibo extension of the last downside impulse the next areas are 4751 and 4230.

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The price of the Dollar Index is showing exhausting in the momentum to the upside. The odds to reach one more time the upper part of the channel in the DAILY CHART have been diminished. What to keep on consideration: In the fundamental side: The market is right now with the eyes on the earning season, this is an special earning season because the fear of an...

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The price from the last near low (3215), had made significants movements to the upside, followed by impulses wave and retracements process, according to the fibonacci extensions, the price is right now in the extension 161.8 of the 1st wave an area where the price can start to perform the 4th wave. Its depend of the structure of this new forming wave if the price...

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The last week the price move inside of a range, in a flat structure between 97.5 and 97.0 I expect one more upside movement near the area of the upper part of the channel. What to keep on consideration: In the fundamental side: The fears of a recession in the US economy have been fading, the treasury yield curve is no longer showing signals of recession, the 10...

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On friday LYFT launched its IPO at the price of 86.75 but the price close at 78.28 with a negative change of 9.7%, according to the fibonacci extension applied to the 15 minutes chart, from the high to the low before the reversal structure, the downside movement can reach the prices of 75, 67 or 56 before could see a important upside movement.

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The last week the price respected the channel and keep trying to push higher but the outlook still with a strong movement to the downside meanwhile the price remind the channel. What to keep on consideration: On the fundamental side: the big new will come on friday with the Non-Farm Employment Change which, the last month the result was 20k a strongly pessimist...

reneordosgoitia Updated 

The price end the week with a fake breakout that can be clearly watched in the weekly chart, so the price could take a strong move to the upper area of the channel or keep slow movement to upside until the price crash to the downside. What to take on consideration: On the fundamental side: The last week the Fed says no more hikes ahead this year, however the...

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The previous week the price moved to the downside, ending the week inside a channel. What to take on consideration for this week: * On the fundamental side: On Wednesday the Federal Reserva will gives his Economics Projections, Statements, and fed rate new data. The key here is to analyzes the comments about the recents data, in special the last Job Report of...

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On a fundamental point of view, the negative resulted on job reports on US and the economics data reports coming in Retail Sales (March 11) and the CPI data (March 12) can change the direction of the DXY to a downside movement. On a technical side the price has touch the last near high (November 12) so the price could be yet in a retracement process according to...

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The price had end a 5 wave movement 5 wave ending diagonal actually the market is in the retracement process interested supports areas: 95 94 90.5