These are the last charts I posted last night, I posted several others during the day.
Here's the drop in FXE 3C was predicting yesterday
This was the FXE 1 min chart starting to accumulate, but it was too little, too late and probably never stood a chance.
Here's the 5 min chart suggesting pretty clearly yesterday that FXE would be down today as it is.
Here's UUP (Proxy for the $USD) and it's gain today.
Here's the nearly day long 1 min positive divergence from yesterday suggesting the dollar would be up, which has negative correlations on energy, commodities and equities.
And the 5 min chart yesterday showed some impressive strength.
Here's the kicker, I was up late last night and there were no clear signs that FX (EUD/$USD) was trading in a manner in which these charts would be justified, however, Wall Street knew to buy them yesterday and they are up today. I find that interesting and a bit telling about how much Wall Street and their cohorts really control, just like yesterday when the market rumbled higher despite bad news.
You might find this mornings FX update interesting...
FXE that showed late accumulation on the 1 min chart yesterday is down, but the accumulation continues-in fact it's now in a leading positive divergence!
The 5 min chart that was so week yesterday in now starting a positive divergence.
As for the dollar/UUP, the accumulation on the 1 min chart seen yesterday is over and it is trading in line at best.
However the $USD/UUP 5 min chart s already showing a negative divergence!
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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