AUDUSD weekly chart megaphone wedge at blog indicates fun times ahead.
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Market Outlook
- Thread starter GrandSupercycle
- Start date
EURUSD daily chart reverts to neutral. See blog for weekly rising wedge scenario.
USDJPY definitely has much more upside ahead.
USDJPY definitely has much more upside ahead.
Quote from GrandSupercycle:
EURUSD daily chart reverts to neutral. See blog for weekly rising wedge scenario.
USDJPY definitely has much more upside ahead.
Yes, of course the dollar may have some "upside ahead". And if it makes a protracted move up, the price of commodities in dollars will go down. But in the meantime the dollar is threatening to break support and move still lower, and commodities are moving higher.
Please tell me when the Fed will begin tightening, I need a calendar date please, and I need it well ahead of time, the dollar will then begin a protracted rise, and I can get out of my long commodity positions before that happens so long as you let me know ahead of time. I don't need more than a week's notice.
In the meantime, have you noticed the market is on fire and going up!
Try fading the market, and let me know how that does for you. Sadly, I am not any good at that. The only thing I know how to do is trade in the direction of the market.
Looks like oil has passed new highs for the year tonight, also seems like higher oil prices are now being ignored, oil and equities seem to be moving higher together.
Guess Bubble ben bernanke hinted at another QE, everything is going higher again tonight.....looks like everyone forgot about what happened the last time this economy was in a huge bubble!
OIL
113.57 0.81 +0.72%
Guess Bubble ben bernanke hinted at another QE, everything is going higher again tonight.....looks like everyone forgot about what happened the last time this economy was in a huge bubble!
OIL
113.57 0.81 +0.72%
EURUSD weekly chart showing current channel scenario. EURUSD
is now very overextended. Strong resistance is located around 1.50
is now very overextended. Strong resistance is located around 1.50
Yes it seems the intervention gave us the EURUSD channel posted at blog. A leg down should commence from current levels.
S&P500 long term chart update, previously posted at blog January 18 and March 31, 2011.
This monthly chart show a series of broadening patterns, aka megaphone tops. The three broadening formations pictured reveal an unstable market where buyers and sellers battle for control. The first two megaphones make clear the eventual victors.
Prepare for the next Black Swan which will be âunexpected and could never have been predictedâ
http://stockmarket618.wordpress.com
This monthly chart show a series of broadening patterns, aka megaphone tops. The three broadening formations pictured reveal an unstable market where buyers and sellers battle for control. The first two megaphones make clear the eventual victors.
Prepare for the next Black Swan which will be âunexpected and could never have been predictedâ
http://stockmarket618.wordpress.com
SILVER megaphone weekly chart at blog shows extremely overextended price.