Over the past few weeks and months, my research team and I have been actively publishing this research to help you better understand what is really happening in the markets right now. With Gold trading above $2,000 for the first time and Silver trading near $27.50, skilled traders need to understand the risks in the markets that precious metals are warning of. Think of it like this, as long as Gold continues to trade near or above $1900, the risk levels in the global markets are at extreme levels for traders and investors. If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.
1990 TO 2010: SIMILARITIES ABOUND
My research team believes the US stock market has already peaked near the January/February 2018 market highs. Our proprietary index analysis and price modeling systems suggest the US stock market has been buoyed by the U.S. Federal Reserve stimulus and foreign capital inflows (investment) while the US Dollar has strengthened. This trend may continue for a number of weeks or months, but precious metals are already warning that real fear has accelerated to levels we’ve not seen since 2010-2011....Continue Reading Here.
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Showing posts with label Gold & Oil Guy. Show all posts
Showing posts with label Gold & Oil Guy. Show all posts
Thursday, August 20, 2020
Thursday, November 21, 2013
U.S. Dollar Index ETF UUP Trading Strategy
We all know quantitative easing devalues the Dollar but contrary to
that general statement it looks as though we could see the dollar index
continue to rise for a few more weeks. If we analyze the chart of the Dollar ETF (UUP) it is clear that the
short term momentum has turned up. The break above the down trend line
and recent bounce off support bodes well for the dollar index.
The bull flag chart pattern that has formed in the past month has a measured move price target of roughly $22.30. The level also happens to be a key pivot point on the chart along with high volume resistance. I expect the dollar to continue to work its way higher over the next week or two with $22.30 being the line in the sand where sellers will jump on price and drive it back down, or at minimum force price to consolidate for a few days.
US Dollar ETF Trading Strategy – Daily Chart Analysis
Chris Vermeulen – www.Gold & Oil Guy.com - Free Trading Ideas
Our new video: Why Market Makers Can’t Screw you with ETFs
The bull flag chart pattern that has formed in the past month has a measured move price target of roughly $22.30. The level also happens to be a key pivot point on the chart along with high volume resistance. I expect the dollar to continue to work its way higher over the next week or two with $22.30 being the line in the sand where sellers will jump on price and drive it back down, or at minimum force price to consolidate for a few days.
US Dollar ETF Trading Strategy – Daily Chart Analysis
Chris Vermeulen – www.Gold & Oil Guy.com - Free Trading Ideas
Our new video: Why Market Makers Can’t Screw you with ETFs
Labels:
analysis,
Chris Vermeulen,
Dollar,
etf,
Gold & Oil Guy,
momentum,
quantitative,
strategy,
UUP
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