Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, September 11, 2017
The Big Unwinding / Currencies / US Dollar
By: Submissions
Below is $USDJPY weekly, with $GOLD:$USD in the background. I am using $USD as the denominator for consistency.
Comments:
1. $USDJPY and $GOLD:$USD are inversely correlated
2. The long super cycle for $USDJPY is 180 months (or 15 years) low to low, and the half cycle harmonic is 90 months, low to low.
3. The long super cycle low bottomed in 2011, and its next low will be in 2026/27, which also coincides with the 5th K wave peak in commodities.
4. The 90 month half cycle also bottomed in 2011, with the 15 year super cycle. The next half cycle low will be in first half of 2019, followed by 2026/27, with the 5th K wave peak in commodities.
Saturday, September 09, 2017
Debt Ceiling Capitulation Spells Trouble Ahead for the Dollar / Currencies / US Dollar
By: MoneyMetals
“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform following Wednesday’s GOP capitulation on the debt ceiling.
Democrats shamelessly exploited the Hurricane Harvey disaster to couple the $7.85 billion disaster aid package with demands on unrelated issues in the budget. Congress didn’t pay for the bill with offsetting spending cuts, as the Club for Growth and other fiscal conservatives had urged.
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Thursday, September 07, 2017
EURJPY Might Be Forming Double Top Pattern / Currencies / Euro
By: Franco_Shao
After touching 131.39 previous high resistance, EURJPY pulled back sharply from 131.70 and broke below a major support trend line on on the 4-hour chart. The pair might be forming a double top pattern with neckline at 127.56, a breakdown below this level could confirm the pattern.
Wednesday, September 06, 2017
US Dollar Crashing, Gold Soars: Justuce at Last! / Currencies / US Dollar
By: The_Gold_Report
As the North Korean crisis escalates, Tom Beck, founder of Portfolio Wealth Global, discusses the rise of gold and other metals.
North Korea fired a ballistic missile over Japan last Tuesday, sending gold to its highest level in 2017. Last month, we told you that Ray Dalio, the world's largest hedge fund manager, suggested holding up to 10% of your portfolio in gold, warning of rising risks.
It's time to effectively prepare for the best buying opportunities.
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Wednesday, September 06, 2017
The Bitcoin Blueprint To Your Financial Freedom / Currencies / Bitcoin
By: Submissions
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Tuesday, September 05, 2017
Criminal Chinese Government Crashes The Cryptocurrency Market / Currencies / BlockChain
By: Jeff_Berwick
What do governments do? Enslave people. What do central banks do? Impoverish people. And what do government regulations do? Destroy capital, impoverish people and protect the monopolies of the 1%.
And today we are seeing how government regulations, which is just another word for “threats of violence” and “extortion” can impoverish people and destroy capital while protecting the financial banking monopoly.
And that is exactly what has happened in China this week where the People’s Bank of China, the Chinese central bank, has officially declared ICOs (initial coin offerings) to be an illegal method of raising money.
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Monday, September 04, 2017
EURGBP Broke Below Channel Support / Currencies / Euro
By: Franco_Shao
After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had completed at 0.9306 already. Deeper decline could be expected over the next several days, and the target would be at the bullish trend line on the daily chart now at around 0.9005.
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Monday, September 04, 2017
USDCAD Is Facing Major Support Trend Line / Currencies / Canadian $
By: Franco_Shao
After a sideways movement in a trading range between 1.2413 and 1.2778, USDCAD broke below 1.2413 previous low support and extended its downside movement from 1.3793 to as low as 1.2339.
Saturday, September 02, 2017
Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength / Currencies / Bitcoin
By: Jeff_Berwick
It feels like I am having financial Déjà vu as I write yet another blog about bitcoin hitting another all-time high! This one is kind of special though!
Our favorite currency just hit $5000 USD!
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Friday, September 01, 2017
NZDUSD Broke Below 0.7200 Support / Currencies / Forex Trading
By: Franco_Shao
NZDUSD recently broke below a major support level at 0.7200, indicating that the uptrend from 0.6817 had completed at 0.7557 already. The pair is now in downtrend, further decline would likely be seen after correction.
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Friday, September 01, 2017
The Coming Crypto-Crisis? / Currencies / BlockChain
By: Brady_Willett
Since 2008 there has been a widespread increase in debt around the globe, central bankers have printed and experimented with direct asset purchases like never before, and there have been many dangerous bubble-like oddities in the marketplace worthy of attention (i.e. student debt, subprime auto, junk bonds, housing, etc.). Nevertheless, despite the record increase in paper wealth since 1Q09 there has been no unifying ‘mania’ for the grumpily inclined to ceaselessly growl about. That is, perhaps, until now:
“Bitcoin Cash’s price nearly doubled within its first 24 hours, surging from roughly $394 to $757…” Forbes
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Thursday, August 31, 2017
Has the EURO Topped? / Currencies / Euro
By: SurfCity
At least in the short term anyway? Remember, that based on my USD update from yesterday, I am still looking for a 5-6 month Intermediate Cycle Low (ICL) in the USD. The Dollar has rallied hard off yesterdays low and as you would expect, the EURO is showing signs of topping here.
I have taken a trade in shorting the EURO with the EUO ETF but have not yet made this a portfolio trade as it is risky here but here are some charts on both the EURO ($XEU) and EUO.
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Thursday, August 31, 2017
Are You Ready to Profit From the US Dollar Collapse? / Currencies / US Dollar
By: Graham_Summers
The US Dollar collapse has already triggered a major move in inflation plays.
To whit, Gold has broken its SEVEN-YEAR downtrend.
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Wednesday, August 30, 2017
The Coming US Dollar Collapse and How It Will Impact Portfolios / Currencies / US Dollar
By: Graham_Summers
Yesterday we talked about the US Dollar ($USD) dropping below critical support.
By quick way of review, here’s the key chart. As you can see, the $USD staged a large bull market run in 2014 as the Fed wound down its QE program. The greenback was then range bound for three years until this month when it broke down in a big way.
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Tuesday, August 29, 2017
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market / Currencies / Bitcoin
By: Jeff_Berwick
Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.
Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.
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Tuesday, August 29, 2017
USDJPY Is Facing Major Support At 108.13 / Currencies / US Dollar
By: Franco_Shao
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months and is now facing the previous low support level at 108.13 once again.
Monday, August 28, 2017
EURGBP Is Facing 0.9305 Resistance / Currencies / Euro
By: Franco_Shao
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as 0.9270, facing the resistance at the October 2016 high of 0.9305.
Sunday, August 27, 2017
USD Super Cycle Update / Currencies / US Dollar
By: SurfCity
My first chart is a 27 year Weekly showing a Fractal comparing the price action we are seeing today against the USD’s last Super Cycle top in 2001. The USD’s Super Cycles last 15 years Low to Low on average and my chart shows the critical role that the 200wma plays in the USD’s Bull and Bear phases.
Clearly, the USD is teetering at critical support right now as my chart shows what happened the last tine in 2002 when it lost this key, long term, moving average. My second weekly chart shows a close up of the current Fractal Blue box in my first chart.
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Thursday, August 24, 2017
New Eastern Energy Cartel Replacement To The Dead Petro-Dollar / Currencies / US Dollar
By: Jim_Willie_CB
The Petro-Dollar is dead. It had served so well for over 40 years in maintaining the USDollar as global currency reserve, while keeping tight the controls on geopolitical power. The link between crude oil and the USDollar has been broken, painfully evident since 2016 with a harsh price decline that cannot rise about the $50 level. It remains stuck below that level despite heavy collusion in a demonstration that OPEC is dead defunct also. A void has been created in the energy sector, a most important sector. Enter Russia & China to fill the void. Both the crude oil market and the natural gas market have new alliances which feature nations acting in a cooperative manner. The common element is Russia on the production side, complete with pipeline arrays.
Thursday, August 24, 2017
USDCHF Is Waiting For Breakout / Currencies / Forex Trading
By: Franco_Shao
USDCHF moved sideways in a trading range between 0.9583 and 0.9772 on the 4-hour chart for several weeks. All we can do is wait for the breakout to occur.