The Dollar Rebound Is Gaining Momentum The Dollar Index is finally in rebound mode. After weeks of down-draft the index hit a bottom and bounced higher. This week’s action has the index above previous resistance levels and looking strong. If not strong, then at least gaining strength and moving higher. Underpinning the move is the […]
The Bottom Is In? The Dollar market outlook has been a bit off over the last few weeks. The global reopening had traders flooding into the risk-on trades for some reason but now that may be over. A growing number of new cases both globally and within the U.S. has traders on edge. The second […]
I Play Them Like I See Them Trading is a tough business, you have to take the losses along with the wins, there is no two-ways about it. That’s why traders tend to rely on strategy, technique, and signals derived by formulaic methods. Strategies like following the trend, candlestick signals, and price patterns that have […]
The Dollar: I Just Can’t See It Moving Lower The Dollar Index has been moving lower over the past few weeks despite my best guesstimates. The combined power of weak economic data, the pandemic, the slow reopening, the FOMC outlook, and the riots have combined to undermine what should be a very bullish trade. I […]
But Not Which Direction It Will Be To say that volatility is a traders best friend is like saying wild horses make good plow-horses. Sure, a wild horse can get a lot of work done but, if you’re not careful, you can find yourself in a big mess. What I mean to say is this, […]
It’s Not Always About Bitcoin The cryptocurrency market is beginning to heat up. Beginning with Bitcoin, the market is moving up from confirmed support and looks ready to tackle the next resistance level. Moving out to the broader market, there are other coins on the move and not just because BTC is getting stronger. The […]
Bitcoin; Still Bullish, Let’s Try Again … but Don’t Forget About Ethereum The Bitcoin has been trying to wake up and get really bullish for months now but it just keeps hitting resistance. The most recent action has the coin trading and consolidating between $9,000 and $10,000 and, at this time, another run up to […]
The Dollar Is Range Bound The Dollar Index has been ranging for the last two months and it looks like that range will continue, at least in the near-term. Last week’s FOMC minutes, the economic data, and lingering COVID-19 epidemic are weighing heavily on the greenback as it is on every world currency. The tug-of-war […]
The Halving: Not Half As Exciting As It Could Have Been Well, the halving came and went without much fanfare. In the two weeks+ since the event BTC/USD has moved up, down and sideways to trend within a narrowing range. While the action seems listless, the stochastic outlook is still quite bullish. The market seems […]
Oil Rises To One-Month High Oil prices have been on the rise in recent trading sessions and it looks like a bottom may be in. The price for the June contract, which expires in one day, shot up more than 9% in early Monday trading as processors and refiners bet on increasing demand and slackening […]