FTSE weekly chart shows price converging towards triangle apex.
Once again USD selling is met with equity selling from overextended charts
which results in more market conflict. This conflict will lessen when stock
sell pressure increases.
USDX weekly chart bearish warning returns.
Dollar selling supports stocks/gold/silver etc
FX / equity dislocation continues.
Critical Mass:
The Mispricing of Derivatives Risk And How the Financial World Ends
Renewed USD selling supports stocks yet again and distorts FX signals.
As mentioned, ongoing USD suppression just ensures the next equity crash
is severe.
NZDJPY daily bearish warning.
XAUJPY daily bearish warning.
AUDJPY daily bearish warning.
NZDUSD short 0.8401
USDJPY short 80.637 [c 80.620]
