Bitcoin Bubble is the Much Larger Than The Most Extreme in History

Mischely GomezUncategorized0 Comments

A bubble is when irrational enthusiasm for an equity exceeds the actual value sometimes continuing to rise in price long after the actual value should be in decline. The artificially created limited supply is currently maintaining a social sentiment that Bitcoin’s value will always increase. The idea that it will continue to increase in value as I have always said … Read More

Japanese Yen Is Not My Current Favorite Currency.

Mischely GomezUncategorized0 Comments

The Japanese Yen does not respond to scheduled news events but reacts mostly to risk on and risk off social mood sentiment driven by latest news and speculation about conflicts with North Korea, etc. These moves come in short erratic bursts while the rest of the time the Yen pairs move based on their respective counter currencies. https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2017/11/22/Japanese-Yen-Technical-Analysis-Watch-For-That-Second-Shoulder.html

AUD Pattern Suggest Further Move Up Today.

Mischely GomezUncategorized0 Comments

Although the AUD pairs have not responded much to news they did make what is known as an end of 3 turning point on the 4 – 8 hour. Be sure to follow the “road map” for some further move up, completion of a correction and then another turndown none of which are major moves. https://www.dailyfx.com/forex/market_alert/2017/11/22/Australian-Dollar-Unimpressed-by-Record-Construction-Output-Rise.html

Pound Autumn Forecast: What Will Happen?

Mischely GomezUncategorized0 Comments

The U.K.’s HM Treasury will release the annual Autumn Forecast Statement today and you can be sure we will be watching the GBP pairs and planning our next move based entirely on the shape of patterns just preceding the release. https://www.dailyfx.com/forex/video/daily_news_report/2017/11/22/Wall-Street-Offers-A-Bullish-Gap-and-Record-Highs-Pound-Awaits-Brexit-Budget.html?DFXfeeds=forex:video:daily_news_report  

EUR USD Moving Because of the EUR Not So Much Because of the USD

Mischely GomezUncategorized0 Comments

This week the real highlight has been the EUR on the move and it is working out extremely well since I went long on the EUR NZD last week and am still in it. This week I also went long on the EUR USD and the EUR AUD and am on track for another record-breaking week. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/trading_news_reports/2017/11/14/Softening-US-CPI-Retail-Sales-to-Thwart-EURUSD-HS-Formation.html