Weekend Market Update: U.S. Dollar Has Had Its Day
The U.S Dollar chart as represented by UUP, the Invesco DB US Dollar ETF, shows some classic signs of a top.
Before I delve deeper...
Market Outlook: Stocks Chop While Bitcoin Drops
Tuesday was a bit of an odd day with Bitcoin and Blue Chips selling off, and the NASDAQ Composite closing higher (and achieving a...
Are Bitcoin Cycles Pointing To Further Weakness Into 2022?
Bitcoin cycles on weekly charts still point to a good possibility of weakness this year with next Spring being a high probability timeframe when the...
Bitcoin Trying To Clear 51000 On Low Volume, Does It Matter?
Bitcoin continues its rally up with a recent break over the 50K price level.
However, many investors are watching for Bitcoin to clear 51K as...
Australian Dollar Decline A Bearish Sign For Commodities
When the Australian Dollar "moves", so do commodities. And this time the Australian Dollar "aussie" could be sending a bearish message to commodities.
Today's chart...
Stock Market Outlook Clouded By Poor Retail Sales Data and Emerging Markets
July Retail Sales data disappointed investors, who sent the stock market down over 1% for much of the day Tuesday. However, a fairly strong...
4 Trading Scenarios For Bitcoin
After remaining rangebound in the 30K-42K range for three months, Bitcoin has now broken that range to the upside. The bearish momentum divergence that has...
Yen ETF (FXY) Nearing Reversal, Currency Set For Further Decline
If the U.S. dollar is poised to regain its upward trend, as we believe, it suggests a bearish trading outlook for the currency pairs...
Bitcoin Price Nearing Important Inflection Point (Trading Low?)
Bitcoin timing cycles are pointing to an inflection point this weekend. And although price cycles originally pointed to that being a trading "high", it...
Australian Dollar Breakout Could Send Gold Toward $3,000
The Australian Dollar currency is trading near a very important resistance level.
And the implications are massive... especially for Gold and the precious metals complex.
Today's...
