In today’s FX Hour, we discussed cross pairs and comparing currency strength We discussed how the U.S. dollar can be strong against other currencies while showing weakness against commodities. We showed how to compare different currency pairs and combinations of crosses to determine which currency is the strongest and weakest. We reviewed the major indexes, […]
In today’s FX Hour, we discussed the economic and technical pressure on the economy and equity markets We discussed inflation risk and economic slowdown. We look at our “canary in the coal mine” indicators of Visa, MasterCard, and home builders but we also discussed energy pricing and the declining discretionary income. We looked at the […]
In today’s FX Hour, we discussed the recent move into dangerous levels. We discussed equities trading beyond valuations and gaining 100s of percentage in a few short days. We discussed divergences, lack of volume and market correlations as well as what to watch for for confirmation when the correction comes. We discussed the major currency […]
In today’s FX Hour, we discussed the recent trends running out of steam. We discussed equities trading relatively flat and up days showing less and less volume not just in the past few days but the past few weeks. We discussed the bounce in the U.S. dollar and the weak bounce in gold, silver and […]
In today’s FX Hour, we looked at market warning signs and divergences. We discussed previous market crises and the market corrections that followed. We identified index and cross market divergences as well as key support levels to watch for potential reversal levels. We also discussed looking at commodities and for instruments climbing as a safety […]
In today’s FX Hour, we looked at divergences and overbought Monkeybar levels. We anchored found multiple indexes and instruments that have gone to an overextended level based on the Monkeybar levels, divergences in price and stochastic or both. We defined pullback areas and reversal areas for those instruments with divergences. We discussed the U.S. dollar, […]
In today’s FX Hour, we used the 2020 levels to predict 2021 Monkeybar levels. We anchored the major indexes, gold, and even Bitcoin, projecting into 2021 new Monkeybar levels. As long as we don’t make new highs or lows in the next two days, the levels we shared should hold. We looked at the major […]
In today’s FX Hour, we demonstrated “One Candle Reversals”. We demonstrated how you can use larger bullish and bearish candles to define reversals and how to watch for these reversals near monkeybar levels. We showed the major currencies, equity indexes, gold, silver, copper and oil. We looked at recent trend reversal setups and targets.
In today’s FX Hour, we discussed an oversold dollar and overbought equities. U.S. equities have reached record highs while also reaching projected barriers. The U.S. dollar has continued to slide but has created a bullish divergence while other currencies are showing resistance. We reviewed the major currencies, metals, and currencies.
In today’s FX Hour, we discussed waiting for confirmation. We discussed the markets trading past what is fundamentally sound but also discussed why we don’t fight the trend or the charts. We discussed waiting for confirmation and key reversal levels. We reviewed the major equity indexes, currency pairs and metals.
In today’s FX Hour, we anchored the next month monkeybars We anchored our November levels to predict or project the December levels. We looked at the major market indexes, gold, silver, platinum, the U.S. dollar and major currency pairs. We analyzed both monthly ranges and ranges for tomorrow.
In today’s FX Hour, we discussed the impact of Yellen as Treasury Secretary We discussed the impact of having Janet Yellen, a consumate monetary dove, returning to a position of power, this time to the treasury instead of the Federal Reserve. We discussed the expected increase of U.S. dollar supply and the likely continued weakness […]
In today’s FX Hour, we discussed combining long term and short term monkeybar levels. We looked at the monthly ranges and the one day ranges to find the combined levels, allowing a trader to reduce risk in each trade. We discussed legging into the long-term trades by using short-term signals. We also discussed earnings trade […]
In today’s FX Hour, we discussed the consolidation after the spike. We looked at a massive spike in equities and the dollar driven by COVID vaccine trials, followed by a clear consolidation in price action throughout the past 36 hours. We discussed market conditions and targets including gold, bonds, and equities.