US Dollar Jumped Higher Since Trump Elected

How Far Will The US Dollar Rise.?

Since the US Election on November 8, the US Dollar has moved much higher as traders are expecting higher inflation .

The Trump government will be favoring energies and manufacturing and traders are moving into these stocks.

Another factor pushing the Dollar higher is the rise in bond yields.

Of course the Trump Administration is not yet in place, there may be further developments as weeks pass.

Here is a 240 minute chart of the US Dollar Index, and you will see on there a bearish Fibonacci Pattern, perhaps a signal that the rise is finished. These patterns can not be relied on but it is an indication that there may be an overbought condition at this time.

On Tuesday November 15, there will be the following news releases which may further influence the US Dollar. (From Forex Factory)

Does Fibonacci Show A Recovery Coming For Crude Oil?

World Economy Has Been Strangled By The Price Of Crude.

Politicians around the world may be getting a break soon from their failing economies. The Fibonacci Patterns are showing that better days are coming for crude oil.

The Fibonacci Pattern shown on this chart is the very reliable AB=CD pattern and is a strong indication that the market will turn bullish.

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Fibonacci Patterns as at January 19, 2016

This video shows some current Fibonacci Patterns in place as January 19, 2016.

These patterns are definitely not foolproof, however they do give an indication as to what may be occurring in the near future.

Any entry would have to be confirmed by price action or by other indicators.

Here is another video showing patterns on daily charts.

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FTSE IS Showing a Bullish Alt Three Drives Pattern

This Fibonacci Pattern on the 240 minute chart could be showing the end of the drop in the FTSE.

The Bullish Alt 3 Drives Fibonacci Pattern, not as precise as the regular 3 Drives Pattern is nonethe less based on significant Fibonacci numbers.

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Gold Price Analysis As At January 10, 2016

The past week has seen a lot of fluctuation in the Gold Price and there has been news as to China purchasing a gold vault at the London Metals exchange which would indicate more participation by that country in the gold markets.

I am attaching a chart of Gold showing a bearish Shark Pattern which may be a good indication that we will see the price of the metal fall in coming days

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Gold Analysis as At January 30, 2015

This has been an interesting week for any Gold trading strategy as the metal has been unable to reach higher ground and instead has drifted lower.

Gold may be moving inverse the the US Dollar which has been galloping higher recently.

As I have mentioned in previous posts, there is considerable resistance to a move higher for gold as illustrated on these charts,

This first chart shows a bearish Fibonacci Pattern on a weekly chart and it appears that the pattern is valid and may indicate a further decline in price

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Gold Analysis as at January 17, 2015

Your Gold Trading Strategy will have been altered significantly this week as the metal has made a strong move north.

I have a few charts with some notations for you to have a look at, below those is some current commentary which you may find of interest.


This first chart shows Harmonics and may indicate there will be a reversal.

Here is the pivots on the weekly chart, price has stalled there, at least termporarily.

The Ichimoku Cloud appears to be offering significant resistance on the weekly chart.

On this next chart, which is weekly we can see a bearish Fibonacci pattern

And on this weekly chart we have a bullish Fibonacci Pattern

Now we have the Point & Figure Chart from Stockcharts.com. They have revised the target from $1,050 to $1,510 so this weeks move had had an effect on the P&F calculations.

Swiss shock no 'game changer' for gold? - CNBC

Fri, 16 Jan 2015 12:39:36 GMT
CNBCSwiss shock no 'game changer' for gold?CNBCBut on the negative side, she said that the momentum for the Swiss franc—which surged 30 percent against the dollar on the SNB's move–created competition between the Swiss franc and gold as a 'safe haven ...

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Gold Climbs to Four-Month High as Open Interest Surges - Bloomberg

 Fri, 16 Jan 2015 06:16:31 GMT
Wall Street Journal (blog)Gold Climbs to Four-Month High as Open Interest SurgesBloomberg“There's a lot more uncertainty in Europe and the U.S., and that's piqued a lot of investors' interest in gold,” Fain Shaffer, the president at Infinity Trading ...

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2015 Stock Picks: Our Gold Plays Surge Ahead This Week - Money Morning

Sat, 17 Jan 2015 04:16:44 GMT
2015 Stock Picks: Our Gold Plays Surge Ahead This WeekMoney Morning'The past couple of years have seen considerable pressure on most gold equities, thanks in large part to a declining, then consolidating, gold price,' Money Morning Resource Specialis ...

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PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013 - Reuters

Fri, 16 Jan 2015 21:51:10 GMT
PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013ReutersNEW YORK/LONDON, Jan 16 (Reuters) - Gold rose to a four-month high on Friday and was set to increase 4.5 percent for the week, its biggest weekly gain since August 201 ...

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Chart of the Day - EURJPY Monthly

EURJPY has been going north for more than two years and recently seems to have met some resistance at the high of June 1996.

This chart, being monthly, does not show the swings as would a lower time frame chart, but it shows clearly the long term swings.

I think we can expect some bearish moves based on this Fibonacci Pattern showing a Bearish AB = CD and considering the EU economies at this time.

There is no entry on this chart at present, that would have to be confirmed by price action, preferably using faster charts than monthly.

This video is a very well done presentation regarding Harmonic Trading. It is lengthy but a good investment of time as it covers many aspects of the patterns in detail.

My Gold Analysis as at November 3, 2014

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So far this week there is no movement in the price of Gold. However, as you can see in the weekly chart below, there is a Fibonacci Pattern that indicates that there may be a bullish move about to develop. I will not be holding my breath for a decent move, this has been going on for a while now, price drifting lower and the odd retrace.

Be sure to have a look at the video at the bottom of this page. Harvey Organ, a noted blogger is discussing some dire consequences for the world economy.

I have collected a couple articles from earlier today, none of the authors are impressed as to the current prospects for price appreciation.

What I Tell Clients Who Want to Buy Gold - TIME

 Mon, 03 Nov 2014 10:01:02 GMT
TIME.What I Tell Clients Who Want to Buy Gold.You don't invest in gold; you speculate on gold. Gold grows in value when someone else will speculate more than you did when you bought it. Perhaps it rises and falls with inflation. An exhaustive 2013 ...
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Gold Weaker, Hovering Near 4-Year Low, As Strong U.S. Dollar Keeps Buyers ... - Forbes


 Mon, 03 Nov 2014 20:13:43 GMT
Gold Weaker, Hovering Near 4-Year Low, As Strong U.S. Dollar Keeps Buyers ...(Kitco News) - Gold prices are modestly lower and not far above last week's four-year low in early U.S. trading Monday. The precious metals markets are still anchored ...
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What caused the 'Vomiting Camel' pattern in gold? - CNBC

 Mon, 03 Nov 2014 23:23:07 GMT
What caused the 'Vomiting Camel' pattern in gold?In this case, our camel has spent the better part of 2014 devouring gold bugs. The dramatic spike in the U.S. dollar has made it clear that the aforementioned Camelus Bactrianus has had its fill of ...
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One difficulty for the Western world may appear when the Chinese Govt presses for delivery of the tons of Gold they have purchased. That may signify a dramatic shift in the world
s currencies.

Chinese unmoved by gold price drop, see it cheaper still - Reuters

 Mon, 03 Nov 2014 11:27:06 GMT
Chinese unmoved by gold price drop, see it cheaper still. When gold prices are in a slump, Chinese buyers, eyeing a bargain, traditionally move in and stop the rot. But that doesn't seem to be happening this time around. The current marke ...
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Following is a documentary video which you may find interesting about developments in the history of Gold. Sadly today has not been a gold news day for GoldBugs, perhaps the video will be entertaining.

The Secret World of Gold - Documentary

The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty...

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Gold Analysis For November 2, 2014

Gold has suffered so much recently that many analysts have been inspired to contribute their findings.

I wanted to offer a collection of recent articles so that a reader could gather a consensus as to what may be coming as the markets open later today.

Does the investor buy or sell?

What Should Gold Investors Do Now? - Seeking Alpha 
 Sun, 02 Nov 2014 08:41:42 GMT
What Should Gold Investors Do Now?

Gold fell last week when the Fed cut QE and the Bank of Japan increased QE. The fundamentals right now are not relevant to gold as it is trading based on very negative sentiment. Investors ...

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Is the end of the Quantitative Easing going to help or hinder the price of Gold

The FOMC Pushes Down GLD (GLD) - Seeking Alpha 
 Sat, 01 Nov 2014 15:01:07 GMT
The FOMC Pushes Down GLD (GLD)

The allure of gold as an investment vehicle lies in its ability to store value in the event of inflation and especially so in a hyperinflationary environment. When ...

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Putting The Gold Selloff Into Perspective - Seeking Alpha 
Fri, 31 Oct 2014 17:32:52 GMT
Putting The Gold Selloff Into Perspective

 I happened upon the Seeking Alpha 'Top Market News' headline, 'Multiyear lows for precious metals.' I love reading the 'Top Market News' section of Seeking Alpha because it offe ...

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What about Peter Schiff sentiments on Gold?

Is Gold's Knockout Punch Coming? - Seeking Alpha 
 Thu, 30 Oct 2014 22:43:02 GMT
Is Gold's Knockout Punch Coming?

Having an entrenched view is a good recipe for failure. And perhaps, there's no better Wall Street case study than Peter Schiff, a precious metals permabull. Never mind his incorrect calls a ...


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This may point to a rebound.

This Fibonacci pattern is usually a sign of a reversal so we may have some positives to look forward to in the next few days. These patterns are not always to be relied upon, it will take the confirmation of price action to validate the pattern.

Here is the same pattern on the weekly chart which I would tend to think has a greater influence.

What about resistance to a rise in price?

Of course the recent decline has brought with it a resultant resistance to an upward move as shown by the Ichimoku Cloud. As you can see the cloud is fairly thick, resistance would appear to be formidable to a quick advance.