The Dow Jones closed negative -0.22% yesterday after rallying +0.75% to all time highs around 30590 amid the possibility of more fiscal aid being approved by Congress. The new relief bill has been signed into law and the $600 stimulus checks are now being distributed to American citizens. Senate Majority Leader Mitch McConnell blocked yesterday […]
Ripple just got delisted from Coinbase and other big exchanges might follow. We are looking the right spot to get involved in this meltdown. Right now Ripple is trading at around 0.2250 after bottoming at 0.17; this is still to low to sell in my opinion. Even though Ripple has crashed on news the market […]
The Pound-Dollar has rejected a key level (1.3440) and started to rally after breaking out of a reversal pattern. We are still inside a short term bearish structure (orange) and sellers are in control right now below the next key level (1.3525). If buyers break with this key level the immediate bullish structure would be […]
From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range. The second scenario (as explained […]
Ripple has started a bullish (34%) after bitcoin´s surge to above 23K. This move is quite interesting because price has finally broken with the bull flag after the big 177% move back in November. This move is mimicking perfectly BTC`s move. 34% for XRP and 35% for BTC. Level in Ripple are much more clearer […]
The Dow Jones is retesting the highs again premarket on moderate volume trading below the point of control of today’s session and retesting the vwap (volume weighted average price). This is the third time this week this level has been retested and rejected premarket and then flushed at the opening. we expect the same to […]
Gold has broken with an immediate bullish structure printing a head and shoulders pattern in the process. This is interesting because the head of the pattern picked right at the retest of the mid-term bearish structure and the critical level 1876. Now that we have confirmation of a possible bearish continuation in Gold and more […]
The USD rallied 0.60% in early in late Asian – early European trade before failing to follow through higher and dropped immediately after retesting Wednesday’s open and Thursday’s highs. Fundamentally speaking we are sill very much bearish here and the next ley level is the 90.375 which is the February – March 2018 key resistance […]
It’s undeniable that the USDCAD is under heavy pressure and that the CAD is really enjoying the latest Oil rally. Add all of that to the USD bear market and we have a slam dunk short in the USDCAD. You need to understand that this articles does not induce a bullish bias, at all, but […]
