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  • #21,241
  • Mar 31, 2015 3:21am Mar 31, 2015 3:21am
Hi everyone.
What do you think about this setup ? I think its Head and shoulders.
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  • #21,242
  • Mar 31, 2015 4:34am Mar 31, 2015 4:34am
Quoting T@rantula
{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.
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.
Markets wispers, just tune in.
  • #21,243
  • Mar 31, 2015 5:24am Mar 31, 2015 5:24am
Quoting evuuka
Hi everyone. What do you think about this setup ? I think its Head and shoulders. {image}
Yes it is Head and Shoulders pattern variant.
  • #21,244
  • Mar 31, 2015 5:30am Mar 31, 2015 5:30am
Quoting plukin
{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.
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.
  • #21,245
  • Edited 9:58am Mar 31, 2015 9:38am | Edited 9:58am
Quoting T@rantula
{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.
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/), quite high on historical records.

Also, check link below, US listed companies reported -19% EPS in Q4 2014 in comparison to Q4 2013. It will be interested to see if it worsens in Q1 2015 (as USD strength may continue):
https://www.marketgrader.com/MGMainW...eframe=current

I still think SP500/Dow Jones correction is probably a year away.
  • #21,246
  • Mar 31, 2015 6:44pm Mar 31, 2015 6:44pm
Quoting kalyan
{quote} I think If this level gives a retracement I see 0762 can be freshly sold for lows.
So far couple of scalp trades has been provided by this level. For today I would look for 0810 to short. Break of 0710 is needed. If not still space available for 0900.
  • #21,247
  • Apr 1, 2015 12:38am Apr 1, 2015 12:38am
AUDCAD 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.

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  • #21,248
  • Apr 1, 2015 3:54am Apr 1, 2015 3:54am
Quoting T@rantula
AUDCAD 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}
+++++++ going as planned +++++++++
  • #21,249
  • Apr 1, 2015 3:56am Apr 1, 2015 3:56am
Quoting T@rantula
{quote} +++++++ going as planned +++++++++
1st target reached!
  • #21,250
  • Apr 1, 2015 6:35am Apr 1, 2015 6:35am
Quoting PariCovek
{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/),...
Thanks for share! Great article!
  • #21,251
  • Apr 1, 2015 11:48am Apr 1, 2015 11:48am
Interesting article about dollar. HSBC look on the major currency.
Attached File(s)
File Type: pdf HSBC dollar view!.pdf   1.1 MB | 620 downloads
  • #21,252
  • Apr 1, 2015 11:52am Apr 1, 2015 11:52am
Quoting T@rantula
Interesting article about dollar. HSBC look on the major currency. {image}

is this real or fools day? (judging from the analysis)
  • #21,253
  • Apr 1, 2015 12:49pm Apr 1, 2015 12:49pm
Gold will more buy entry = 1201.00 first target 1218.00 and 2nd is 1238.00
Good luck
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  • #21,254
  • Apr 2, 2015 2:26am Apr 2, 2015 2:26am
Quoting KGP
{quote} is this real or fools day? (judging from the analysis)
Hahah, i think they are serious. No April fools. Lets see, its the major bank, the top of the food chain in FX market.
  • #21,255
  • Apr 2, 2015 3:07am Apr 2, 2015 3:07am
Quoting our4link
Gold will more buy entry = 1201.00 first target 1218.00 and 2nd is 1238.00 Good luck {image}
gold trade start profit 116 pips ++ tp=1218.00
  • #21,256
  • Apr 2, 2015 4:16am Apr 2, 2015 4:16am
EURUSD 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 and presumably short covering could happen there along with stop grab.

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  • #21,257
  • Apr 2, 2015 4:26am Apr 2, 2015 4:26am
Quoting T@rantula
EURUSD 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...
Good Job...... I think market will go down because pin bar candle touch 1.08310 resistanace........
  • #21,258
  • Apr 2, 2015 5:24am Apr 2, 2015 5:24am
Quoting our4link
{quote} gold trade start profit 116 pips ++ tp=1218.00
Well done!
  • #21,259
  • Apr 2, 2015 5:40am Apr 2, 2015 5:40am
Quoting T@rantula
EURUSD 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...
Another rejection from POC. 1.0800 NEEDS to break else EURUSD might spike higher.
  • #21,260
  • Apr 2, 2015 10:21am Apr 2, 2015 10:21am
2 way trading chances today! All targets respected. Its very obvious that 1.0800 has turned into support now
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