EWFOREX.NET USD/PEN s/3.8506; Bitcoin $39520; Gold $1888: USOil 103.99 Euro tumbles more than 3% this morning pushing through support and invalidating the triangle structure at Primary Degree. Alternate Primary Degree flat is now in play. So far price is testing the lower channel trend line taken from the Feb 11 2018 high. A push through…
Euro Could Be Basing for a Bullish Run on The US Dollar!
EWFORE.NET USDPEN s/3.70; Bitcoin $42669; Gold $1947; Oil 103.31; EUR/USD $1.0887 This is a monthly bar chart of EURO/DOLLAR going back to the 1.6038 2008 all-time high. The pair has been on a downtrend since and so far it doesn’t look like it is done. The structure can be counted as a zigzag or part…
Bitcoin Bounces of Support Could Be Heading to 50000!
EWFOREX.NET Wednesday April 20, 2022 5:15pm Lima, Peru USD/PEN 3.7138 sol; Bitcoin $41511; Gold $1955 oz.; US Oil $102 a barrel BTC tested lower channel trend line support Monday and is now moving back up keeping the Minor D alive. So far three waves count complete at the $45821 Feb 9 high. However, D waves…
Dollar Looks Strong Against Sol!
EWFOREX.NET USD/PEN s/ 3.7012; Bitcoin $41205; Gold $1950 an oz.; Oil $100 a barrel Yesterday Dollar/ Sol opened at 3.790, hit an intraday high of 3.7439, and closed at the 3.7039 Bloomberg. So far the US Dollar is down -7.25% year to date and -10.6% since the 4.14 Sept. 2021 high. But there is a…
Dollar Stronger After long Fall!
EWFOREX.NET USDollar costs 3.7299 soles; Bitcoin $39700; US Oil $100.98; Gold $1966 The dollar has been taking a beating since putting in its all-time high at 4.1448 Sol per Dollar on Sep 18 2021. But it looks like it might be over. The chances are good that a bottom has been put in for now…
Bitcoin breaks above Resístanse!
Yesterday, Bitcoin broke above the $45821.00 resistance and is up again this morning trading at $47255.00. It is safe to say now that Minute X is complete down at the $3755. Minute Y target it up at the upper channel trend line which should take price to the 52000s. Notice that the 38.2% Minor DvsB…
Gold Rally Dead Cat Bounce?
EWFOREX.NET Gold Futures are up $9.10 (0.5% gain) this morning trading at 1946.8. Yesterday $GOLD Continuous contract (EOD) gained $15.80—a gain of 0.82% registering a $1937.30 at the close. The intraday low 1851.50 was able to stay above the previous day’s low while the intraday high pushed passed the previous 3 day’s highs, but was…
Dollar Opens Up on Sol S/.3.79
Dollar/Sol opens up 3.7924 this morning and is now trading at 3.7923. Last week the USD/PEN gained 1.13% on the week opening up at 7.7389, dropping to a low of 3.7387, and running up to an intraday high of 3.7808 and closing the week there. Commodities, although, cooling off a bit, are still very high…
Dollar Tumbles 0.90% on Fed Rate Hike!
USD/PEN: 3.7815 Sol Dollar Index: 98.22 Bitcoin: $40907 BTC Gold: $1933 an ounce US Oil: $104.95 barrel US Dollar index closed down for the week at 98.22. The Buck opened at 99.12 Monday, put in an intraweek high at 99.29 and an intraweek low at 97.72 before closing at 98.22 Friday. It was the first…
Dollar Rallies Against Sol
EWFOREX.NET Dollar Sol Closed up 3.7333 well above the 3.70 Feb 18th low. The pair opened down at 3.7014 this morning and ran up all day and closing at the high 3.7333. The odds now favor a move up to the 3.7768 78.6% CvsA triangle. It can also be a flat, in which case it…