** Dollar enters bull market - life cross printed **

6 dic 2021

Thought this event deserved its own idea. Been bullish on the dollar since February, idea below:

tinyurl.com/ycy4r7pe

Since this idea was published the dollar index has increased a little over 7%. Let me tell you, It’s just getting started.

But it can’t! They’re printing so much. Inflation is here to stay! The chart says different. In a rising dollar environment speculative assets are going to crash hard. This is already evident in the US housing market / increased volatility in stocks.

On the 2-day chart above the index has printed a life cross (green boxes), that is the 50-day EMA (blue line) on the 2-day (so actually a 100-day EMA) has crossed up the 200-day (red line).

What to do? Be risk on, that means long stocks, crypto etc until back test. The index will back test the 50 or 200 in the coming weeks and months. Expecting a rally in risk assets during this time. When the back test is confirmed, be in cash and ride out the bear market.

Would someone be so kind as to tell me when the back test occurs?! Cheers me dears.

WW

2 feb 2022

Nota

Since the cross I'm having plenty confusion... This uptrend we're now seeing in the dollar might be short lived. On the monthly chart below a massive rising wedge is printing, with the apex by July this year.

If, no, when this breaks down risks assets the markets in general are going to go crazy. 2022, fasten your seat-belt.

16 feb 2022

Nota

** bearish divergence **

Price action prints bearish divergence on the 2-day chart below. A test of the 2-day / 200-day SMA seems likely. This will ultimately be good for risk assets.

13 apr 2022

Nota

Lots of bearish divergence now printing. Look for resistance at 103. Dollar has been on a crazy run but weakness is not exactly showing despite the divergence.

13 apr 2022

Nota

Two interesting chart I think worth sharing.

1) The 10-day chart. Price action is approaching resistance.



2) The monthly chart is very powerful here. Look closely, A rising wedge, a breakout downward, and now past support is testing as resistance.

We could be on the verge of seeing a massive collapse in dollar dominance.

26 apr 2022

Trade chiuso manualmente

Going to close this idea now. Why? Two reasons:

1) On the 4-day chart below the dollar is overbought and at resistance. A correction should be expected.

2) In consideration of point (1) and the 1-month chart above, there's a high probability the dollar is about to see a significant correction. Will publish a new idea for this.

16 mag 2022

Nota

Dollar - overbought

And then-some. On the 2 weekly candle chart above price action is now printing candles outside the Bollinger Band. You remember what was said yesterday about the being outside the band?