Tag Archives: reversal

Identifying confirm swing trade reversal

Identifying confirm swing trade reversal

Sometimes I wonder if this is a joke but it uses the abc approach we covered a while back. See the video below

https://www.linkedin.com/pulse/identifyingconfirming-swing-trading-reversals-eduardo-mirahyes

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The Euro is poised for a reversal

The Euro is poised for a reversal

analysis using the Commitments of Traders report

 

Whatever happened to purchasing power parity as a means for valuing currencies? Unfortunately this way of evaluating currencies seems to be a lost art. Today FX markets seem to be driven by technical analysis and news flow. Our…

 

This is a short term approach; on a macro perspective, I believe that the USD is going to further appreciate ag. the Euro. The Euro is still in a mess due to the debt problem, and certainty will go through 2012 with the coming elections. The Euro base rate will drop further. There seems to be positive indicators on the US front while the next step for the US rates is up. While the focus is on Europe, the Euro will depreciate and further down. Once the Euro debt is resolved, the attention of the markets may move to the US debt which is gigantic. The US has however a trump card which energy – now North Dakota produces as much oil as Ecuador and there are deepwater exploration in the gulf of Mexico + the shale gas coming on line. The production of energy in the US will need to be monitored.

 

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!