Mon April 25

USDTRY short 1.5251

USDTRY long 1.5224 [closed 1.5263]

In response to readers who asked when will the correction commence.
It’s already started in my opinion and Wile E. Coyote is currently
suspended in mid air. If my analysis is correct, the ongoing sideways
chop will be followed by more selling pressure.

I’ll stick my neck out once again and suggest that the market may
be anticipating a EURUSD / US Dollar event which will provide a
directional catalyst.

EURUSD daily is neutralish and overextended, weekly is bullish and
monthly remains bearish. Opposite for USD.

 

When DOW/S&P500 correction gathers momentum, I expect:

UP ~ USD, various USDXXX currencies, VIX Index

DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL.

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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