Weekly Report September 29, 2018
Weekly Report September 29 For new readers of the blog, I recommend reading the terminology page before the weekly reports. Currencies The euro hit a major resistance zone at 1,18 early this week and I believe that that marked the daily cycle top for the euro. As of Friday, we actually have all the condition in place for […]
Weekly Report September 23, 2018
Weekly Report September 23 For new readers of the blog, I recommend reading the terminology page before the weekly reports. Dollar One of the most significant moves that happened last week was the breakdown in the dollar. As I pointed out in the previous Weekly Report, the dollar had already produced a failed daily cycle the week […]
Weekly Report September 15, 2018
Weekly Report September 15 For new readers of the blog, I recommend reading the terminology page before the weekly reports. Currencies I believe that the dollar has now signaled a failed daily cycle which topped on day 4. It isn’t completely out of question that the dollar could have printed a daily cycle low on Thursday but considering […]
Euro Undercut
Euro Undercut The euro made an undercut on Monday and as that low was lower than the low printed on last Thursday, the HCL I’ve been expecting was moved from Thursday to Monday. I suspect that the euro is now ready to move higher which should give gold some tailwind. Undercuts like these create liquidity […]
Weekly Report September 9, 2018
Weekly Report September 9 For new readers of the blog, I recommend reading the terminology page before the weekly reports. Currencies The euro and the dollar have progressed the way I suspected in the previous weekly report. The euro fell lower towards what I believe is a HCL and the dollar rallied as the result of that. […]