Hi everyone.
What do you think about this setup ? I think its Head and shoulders.
What do you think about this setup ? I think its Head and shoulders.
Disliked{quote} Rising dollar lowers the value and sales which are made overseas. As far as I know USA exports Machines. Electronic equipment, pumps, and oil. Also might do something with aircraft, car and military equipment. Their biggest exports go to China, Japan and Germany. They should definitely care about strong US dollar.Ignored
DislikedHi everyone. What do you think about this setup ? I think its Head and shoulders. {image}Ignored
Disliked{quote} Can they actually do something about that? The dollar is becoming the only play in town, doesn't mean there won't be corrections thought. But being & becoming safe heaven for world capital..They would actually have to lower rates to make it somewhat less desirable. But with the confidence in other currencies falling, even that might not help much. And as they rise rates..even more money will flow into greenbuck. It's not about US economy but a world economy/confidence in the countries/governments across the globe. My 2c.Ignored
Disliked{quote} ATM everything counts. Yen weakness as a reserve currency, EUR EUzone problems with constant mention of grexit, SNB unpegging then shifting its focus towards USD (USDCHF erased snb loss - as i warned about many times )so basically making USD the only player. SP500 being a leading indicator of US equities -making record highs adding to USD strength, OIL etc... It will correct but until then we need to accept things as they are.Ignored
Disliked{quote} I think If this level gives a retracement I see 0762 can be freshly sold for lows.Ignored
DislikedAUDCAD is moving inside a downward channel showing zig zag trend formation. Inside a channel we can see another trend line,61.8, H4 which are constituting POC. (0.9685-0.9690) If the price pullback to the zone we could expect rejections towards 0.9620 initially then 0.9600. If the price closes below or breaks the channel with a strong momentum to the downside the break of 0.9595 will target 0.9560. Ideally the price should stay below 0.9713 for downtrend to resume. {image}Ignored
Disliked{quote} US Equities has some headwinds no doubt - stronger USD will hurt foreign earnings of multinational corporations, plus US exporters. Then there is Oil, hurting Energy sector, and those prices will stay low for at least a year is my guess given Excess Oil in storage. However, stronger USD helps the importers (retail segment mainly). Nonetheless, rate hikes is another risk factor and will lessen the corporate buybacks which has fueled the rise in US Equities Indices the last 5 years. Not to mention, SP500 has an Avg PE ratio of 19.6 (http://www.multpl.com/),...Ignored
DislikedInteresting article about dollar. HSBC look on the major currency. {image}Ignored
DislikedGold will more buy entry = 1201.00 first target 1218.00 and 2nd is 1238.00 Good luck {image}Ignored
DislikedEURUSD shows bearish divergence in a strong intraday uptrend around 1.0840 zone. The zone should provide short opportunities towards 1.0800 but that level needs to break and hold for 1.0760. 1.0800 is important as we can see a history of buying here + first surge of divergent sellers hasn't managed to break and hold below 1.0800. The scope for further retracement up could happen at the break of 1.0845 toward 1.0860 initially and 1.0900 where we can spot historical sellers+ breakout retest spot. For bearish scenario to hold 1.0950 is very important...Ignored
DislikedEURUSD shows bearish divergence in a strong intraday uptrend around 1.0840 zone. The zone should provide short opportunities towards 1.0800 but that level needs to break and hold for 1.0760. 1.0800 is important as we can see a history of buying here + first surge of divergent sellers hasn't managed to break and hold below 1.0800. The scope for further retracement up could happen at the break of 1.0845 toward 1.0860 initially and 1.0900 where we can spot historical sellers+ breakout retest spot. For bearish scenario to hold 1.0950 is very important...Ignored