📌 The US Dollar Index (finally) breaks to the downside the 97 round figure. After all, the greenback was overvalued by 11.33% when it traded at 98.37 level, two weeks ago on May 23rd. Is this the beginning of the expected multi-week pullback to save Commodities, Emerging Markets, and the Stock Market? 📌The single currency…
📌Mancini tweeted back on May 24th, 2019, “There’s a nice cup and handle base forming here on the 1hr chart and if it can break out at $1289 it should target $1300 which would setup Gold well to break out of the range its been in for the past month and rally into June.” 📌Mancini,…
💡Ross Mullins, Head of Trading at Market Traders Daily, delivered another critical winning trade on the USDCHF pair to his YouTube audience and Trade Room followers. He has lately dedicated hours and hours of analysis to highlight how relevant is the US Dollar Index (DXY) price action for retail and institutional traders. 💡On May 30th,…
💡China looking to sell US Treasuries? It will never happen (not even if Russia calls) However, no restrictions are in place for the Chinese authorities to find a ‘proxy’ then Gold is the perfect asset class to hold in times of uncertainty or in times of US Tariffs. Also, ‘Special Announcement’ sign up to receive…
Bitcoin, out of the blue, jumped > $4000, later rushed to break $5000 barrier and voilá back on the map. Spot trades = $5230 and above 200-EMA on the weekly chart. $3810 becomes a new floor ‘maybe’ bottom in the short and medium term for traders. When you want to trade any asset class after…