Alien's Extraterrestrial Visual Systems
- #21,823
- Jan 15, 2020 4:57am Jan 15, 2020 4:57am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Overlook for coming days:
"European Union’s (EU) new trade chief Phil Hogan is due to meet US Trade Representative Robert Lighthizer and other American officials during a Jan. 14-16, according to Bloomberg. During the visit, Hogan will try to settle the dispute over France’s new digital services tax, European support for Boeing’s chief rival, Airbus and other differences. Experts, however, believe it won't be smooth sailing for Hogan, as both the administration and Congress are frustrated due to the EU’s refusal to negotiate with the US on agriculture, according to Politico. Hosuk Lee-Makiyama, director of the European Centre of International Political Economy in Brussels, thinks there will be a lot of fireworks before any underlying progress is made in resolving US-EU policy differences over trade. As a result, the euro is unlikely to score big gains this week. The common currency, however, may find some love if the Eurozone Industrial Production data, due at 10:00 GMT, blows past expectations. As for Wednesday’s trading so far, the cable is consolidating the bounce from three-week lows of 1.2954 below the 5-DMA at 1.3034. The cautious market mood ahead of the US-China phase trade deal details release and thereafter the signing ceremony remains a drag on the US dollar across its main competitors. Meanwhile, the latest comments from the UK PM Johnson, denying Scottish PM Sturgeon’s request to hold another Scottish independence referendum, also keeps a check on the pound’s recovery, as it further fuels Hard Brexit concerns. Further, poor UK GDP data combined with increased BOE dovish expectations could continue to weigh.
USD/JPY had been struggling in resistance territories and was always going to struggle at these levels. We will now have to wait and see how the market reacts to the signing ceremony, which is due to take place at the White House (reportedly 11:30am NY time but not confirmed) – the devil will be in the detail. There is news that Liu He is still at the US treasury in what was supposed to be a brief talk before dinner that is going much longer than expected, a source briefed on the schedule said. Seems there could be plenty still to be ratified – any delays to the signing will surely spook markets. Analysts at Westpac explained that representatives of both countries should talk up the importance of the deal and stress their willingness to progress to “phase two” talks on more difficult issues."
"European Union’s (EU) new trade chief Phil Hogan is due to meet US Trade Representative Robert Lighthizer and other American officials during a Jan. 14-16, according to Bloomberg. During the visit, Hogan will try to settle the dispute over France’s new digital services tax, European support for Boeing’s chief rival, Airbus and other differences. Experts, however, believe it won't be smooth sailing for Hogan, as both the administration and Congress are frustrated due to the EU’s refusal to negotiate with the US on agriculture, according to Politico. Hosuk Lee-Makiyama, director of the European Centre of International Political Economy in Brussels, thinks there will be a lot of fireworks before any underlying progress is made in resolving US-EU policy differences over trade. As a result, the euro is unlikely to score big gains this week. The common currency, however, may find some love if the Eurozone Industrial Production data, due at 10:00 GMT, blows past expectations. As for Wednesday’s trading so far, the cable is consolidating the bounce from three-week lows of 1.2954 below the 5-DMA at 1.3034. The cautious market mood ahead of the US-China phase trade deal details release and thereafter the signing ceremony remains a drag on the US dollar across its main competitors. Meanwhile, the latest comments from the UK PM Johnson, denying Scottish PM Sturgeon’s request to hold another Scottish independence referendum, also keeps a check on the pound’s recovery, as it further fuels Hard Brexit concerns. Further, poor UK GDP data combined with increased BOE dovish expectations could continue to weigh.
USD/JPY had been struggling in resistance territories and was always going to struggle at these levels. We will now have to wait and see how the market reacts to the signing ceremony, which is due to take place at the White House (reportedly 11:30am NY time but not confirmed) – the devil will be in the detail. There is news that Liu He is still at the US treasury in what was supposed to be a brief talk before dinner that is going much longer than expected, a source briefed on the schedule said. Seems there could be plenty still to be ratified – any delays to the signing will surely spook markets. Analysts at Westpac explained that representatives of both countries should talk up the importance of the deal and stress their willingness to progress to “phase two” talks on more difficult issues."
Per aspera ad astra
- #21,824
- Edited 8:41am Jan 15, 2020 5:12am | Edited 8:41am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Hello Alien Master and everyone, USDJPY on H4 Should I wait for the slingshot to happen? {image} {image}
as you can see on your H4, the teeth of green ADX were sloping down, demonstrating that the power for buyers was slowing. Therefore a retracement.
Dollar strength however is still intact but the news will affect it and we'll see in which direction.
Take into consideration that on Daily 8 stoch. just topped, but 21 is still rising and that best point to enter a DS slingshot is the crossing between Rsioma and the signal line.
Cheers.
Per aspera ad astra
- #21,828
- Jan 17, 2020 11:02am Jan 17, 2020 11:02am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Palladium H4:
divergence and Alien's hook today on Palladium.
After been reached the highest with a nice DS, now a great sign of inversion.
We don't buy anymore until a strong consolidation.
divergence and Alien's hook today on Palladium.
After been reached the highest with a nice DS, now a great sign of inversion.
We don't buy anymore until a strong consolidation.
Per aspera ad astra
Palladium H4: divergence and Alien's hook today on Palladium. After been reached the highest with a nice DS, now a great sign of inversion. We don't buy anymore until a strong consolidation.
- #21,834
- Jan 21, 2020 4:48am Jan 21, 2020 4:48am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} The alien hook does not work, the price continues to rise. why? {image}
Palladium is in a bubble and it can burst very soon.
The other day and today we had very large retracements but, to me, it is possible also a retrace to the 2000 level.
I don't say or said that it is to sell Palladium. This system is done to follow the trend and the trend is clearly only up.
Today I bought on retracements and then sold and it was a very good deal.
This is the MTF chart and you can see that, after the alien's hook, price made a new high but the divergence is still in play.
In these conditions, as fundamentals say that metal is scarce and everyone want to buy it, we only buy on retracements and sell on top of lower TFs.
Cheers.
Per aspera ad astra
