Few days ago we said that market will tend to ignore the news from the North Korea as the chances for the real conflict are rather low and the thing is that we cannot focus our attention on one issue for too long. We got a proof of that today, when market totally ignored a new missile launch in Korea, keeping in mind that the previous missile that flew over Japan cause a risk off mode across the globe.
DAX is in a positive territory being locked inside the ascending triangle pattern. That is a bullish formation, so the chances of an upswing are much bigger.
Carnage on the Bitcoin continues. Time for a correction but according to the graph of a typical bubble that will be just a bull trap, so be extra careful when catching a falling knife.
USDCAD broke the lower line of the flag in the downtrend. In every book about trading that would be an example of a legitimate sell signal.
Dollar Index bounced from a horizontal resistance creating a third the same correction in a row and a false breakout of the down trendline. That is a very negative sign for the local buyers.
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Weaker USD and Crypto-Carnage
Published 09/15/2017, 07:31 AM
Weaker USD and Crypto-Carnage
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