Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
The Specialist Lending Renaissance - 22nd Jan 19
The 5 Rules of Real Estate Investment - 22nd Jan 19
Semiconductor Sector – Watch the Early Bird in 2019 - 21st Jan 19
From ASEAN Economic Development to Militarization - 21st Jan 19
Will China Surprise The Us Stock Market? - 21st Jan 19
Tips to Keep Your Finances Healthy in 2019 and Beyond - 21st Jan 19
Tips for Writing Assignment in Hurry - 21st Jan 19
UK House Prices, Immigration, and Population Growth Mega Trend Forecast - 21st Jan 19
REMAIN Parliament to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 21st Jan 19
Pay Attention To The Russell Stocks Index and Financial Sectors - 20th Jan 19
Hyperinflation - Zimbabwe's Monetary Death Spiral - 20th Jan 19
Stock Market Counter-trend Extends - 20th Jan 19
The News About Fake News Is Fake - 20th Jan 19
Stock Market Bull Trap? January 22 Top Likely - 19th Jan 19
After the Crash, the Stock Market Made a V-shaped Recovery. What’s Next - 19th Jan 19
David Morgan: Expect Stagflation and Silver Outperformance in 2019 - 19th Jan 19
Why Brampton Manor Academy State School 41 Oxbridge Offers is Nothing to Celebrate! - 19th Jan 19
REMAIN Parliament Prepares to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 19th Jan 19
Gold Surges on Stock Selloff - 18th Jan 19
Crude Oil Price Will Find Strong Resistance Between $52~55 - 18th Jan 19
Stock Market’s Medium Term is No Longer Bullish. It is Now Mixed - 18th Jan 19
SPX and Gold; Pivotal Points at Hand - 18th Jan 19
Fable Media Launches New GoWin Online Casino Affiliate Site in UK - 18th Jan 19
The End of Apple! - 18th Jan 19
Debt, Division, Dysfunction, and the March to National Bankruptcy - 18th Jan 19
Creating the Best Office Space - 18th Jan 19
S&P 500 at Resistance Level, Downward Correction Ahead? - 17th Jan 19
Mauldin: My 2019 Economic Outlook - 17th Jan 19
Macro Could Weaken After US Government Shutdown. What This Means for Stocks - 17th Jan 19
US Stock Market Indexes Reaches Fibonacci Target Zone – Where to Next? - 17th Jan 19
How 2018 Was For The UK Casino Industry - 17th Jan 19
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19

Market Oracle FREE Newsletter

UK House Prices, Immigration, and Population Growth Trend Forecast

Dollar Index Trends, USDJPY Setting Up

Currencies / Forex Trading Dec 13, 2018 - 02:16 PM GMT

By: FXCOT

Currencies

Risks and markets events continue to aid trading. Volatility is helping our trading system make tremendous returns. FXCOT system is able to use high volatility and low volatility to its advantage. Returns are summed at the end of post.

U.S. stocks rebounded Wednesday, extending a recent stretch of volatility as signs of easing trade tensions boosted the outlook for global economic growth. Afternoon trading was again rocky for major indexes, which eased well off their intraday highs in the final 90 minutes of the session. Stocks have been hypersensitive to trade-related headlines in recent days, with the Dow swinging more than 550 points from its high to its low on both Monday and Tuesday.


We look at key trading setups and trends. We continue to be bullish the dollar despite the trend being weakly bullish. Equity markets has been moving in long ranges but the fear index, VIX has stayed above the 20 levels , more than 4 weeks which is a new record in this bull run.

USDJPY Daily

USDJPY holds the key to the dollar uptrend. This pair is still solid above its uptrend line since March 2018. The line now comes at 112.3 and that forms the base of the move. We are now at 113.5 and above this the next resistance is at 114 and then 114.8. We see as long as 112.3 is supported prices to move into new 2018 highs.

Dollar Index Daily

Dollar Index has shown a reluctance to do move cleanly higher. The target of 100 is within reach but every upmove is met with selling which retraces it to previous days lows before moving higher again. However the overall uptrend is alive and we are still slated to move to 100. A move below 95.5 will neutralise the uptrend and attention will focus back to lower levels of 94

EURUSD Daily

EURUSD as a mirror image of dollar index is in a clear downtrend. It moves low and then retraces to previous days highs and cleans out stop and moves lower again. A difficult trend to trade easily. However trend is down. A move above 1.15 will neutralise the downtrend.

EURUSD hourly

EURUSD hourly trneds look choppy. Upside targets at 1.1450 cannot be ruled but likely move to 1.1360 and lower to 1.1300 is in play. Our bias is lower ultmately so sell the rally is the trade

GBPUSD Daily

GBPUSD closed below the oversold bollinger bands and then closed inside.If we get one more close inside as today, we could ssee a minor trend change and the pair could head to 1.29 before another selling wave

GBPUSD Hourly

GBPUSD is untradeable as per many banks. The daily trend is powering down. The hourly trend though is difficult to trade as the pair is moving in 200 pip ranges. Even if you do keep small lot sizes to trade, there are better trades available. But if you still keen to trade GBPUSD, we fell sell the rally is best bet

Equity Markets

Our view has been consistently that Equity markets are not ready to crash or correct significantly below 2550. We could potentially see some mild moves to 2750 into year end. But any attempts to break 2500 will mean tremendous selling pressure and could lead to potential flash crash to 2300 as well. So the whole upside move is hinging on support at 2550.

Long period of VIX being above 20 means there is a extended period of fear. This is due to multple levels of risks around the world. EU is getting caught up in protests and there is likelihood this will spread. The french PM has been made to cower down to protesters. UK is struggling with Brexit. China continues to slowdown and is in an active trade war with US. US on the other hand has seen peak growth and its downhill starting April 2019. Therefore the fear index has been at elevated levels. But there is comfort in that it has not moved into a runaway move to 30 35 which are levels at which SPX will break 2500 as flagged above.

TradeCopier performace Our trade copier is performing excellent. It made +19.5% for clients in November. As you know, it is unique in the way it works. Read about it here: Trading Strategy and Membership

The system has made 15.75 million AUD from 2010-2018 starting at a small 20,000 account. The most profitable system ever created and available on internet. If you are trading forex, then this system has to be on your account. No system has made money as this one. To top it all, it is absolutely free to trade on your account. Contact Us

Teamcot

FXCOT is Investment Management firm specializing in futures and forex trading. We run a high return trading system for our premier clients. The trading systems uses four different strategies to take advantage of various market conditions. We also send daily trade setups and economic commentary.

© 2018 Copyright FXCOT - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules