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US Dollar in the Spotlight

Through the entire year I've been preaching that soon we may see developing the broad based US dollar bullish trend and it may be the case that the Dollar has already started shifting direction. But at the same time we need more time for this bullish US dollar sentiment to gain traction and have a well constructed trending market.
For more reference you can check out my previous take on US Dollar here: …
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Prepering the Week Ahead


In terms of risk evens the week ahead is cooling down and the previous week sentiment is likely to prevail. So here are few of the economic data scheduled for release this week:
  • US Economic data:

  1. Retail Sales: Market expectation is for a raise by 0.4% from previous reading of just 0.1%;
  2. Core PPI: The market is expected the figure to came up by 0.1%, with modest gains in energy and food prices.
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AUD/CHF Poised For Further Consolidation.

AUD/CHF has witnessed a strong downtrend since the beginning of the year which is taking form of an five wave decline as seen in Figure 1. We are in the final stage before the five wave cycle is completed. Currently the wave 4 is developing in a double zig-zag pattern. Which means that AUD/CHF is poised for further consolidation until the downwards momentum start to pick up. In order for AUD/CHF to gain downward traction, we need to see a meaningful shift in AUD sentiment. There’s a strong possi…
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Daytrader21 10 11月

I have no idea what's happening but I see that the second paragraph is not aligned as it should be

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Daytrader21 15 11月

Update 1: AUDCHF has just ended finishing wave B of the wave 4 correction. From here on I'm expecting the market to run up above wave A and complete the ABC correction. I'm expecting this rally to take shape of an five wave sequence. Currently the 0.8500 round number is holding the market very strong.

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Daytrader21 22 11月

Update 2: AUDCHF has been dragged down by it's correlation with AUDUSD. This new down leg can develop in 5 wave sequence of lesser degree. Currently we are in the stage of ending the wave 3 from here on expecting market to settle down and 0.8270 should act as strong support as it's an unfilled gap.

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Daytrader21 29 11月

Update 3: The current down leg is overdone it seems that the 0.8200 is holding the market quite strong, expecting next week the momentum to pick up and it will need to do so in a five wave sequence of lesser degree, because this down leg was formed of an abc movement. First resistance level is at 0.8350 which I'm expecting to be broken and hold as support.

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Update 4. I think I got it wrong with this one as we broke and close below last swing low 0.8170, this forecast has been invalidated

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