KrunchieKilleen

KrunchieKilleen

The upswing is well on its way. The Downtrend continues nonetheless.

KrunchieKilleen

Following the curve indicated by the red lines, we have predicted a downtrend along the channel shaded yellow (called "Channel C" in my previous posts). We expected an upswing within this channel, but now see that the upswing may be no more than a parallel movement along the broken red horizontal line. Continuing to follow the continuous red-lines curve, the...

KrunchieKilleen

In my previous posts, I predicted EUR.USD moving from uptrend A to levelling trend B and into downtrend C. The downtrend has now established, but an upswing is imminent at this moment in time.

KrunchieKilleen

Following curve D, EUR/USD went from its excessive upward course in Channel A to a levelling off in Channel B and is now trending downward in Channel C. The downward trend will continue , I guess, until Christmas, when the longer-term upward course will be renewed.

KrunchieKilleen

Channel A, July 2020; Channel B August; now turning towards Channel C; downtrend to continue until around Christmas.

KrunchieKilleen

After its strong rise in July, August seemed to suggest a correction, in the general direction indicated by guide line X, suggesting a downtrend for the coming few months (while the long-term direction remains upwards). In my last post I wondered whether the chart would take the direction of Channel B or Channel C. Channel B has clearly been taken, but I am less...

KrunchieKilleen

In March I predicted an imminent long term rise of the Euro against the US Dollar. June/July saw a strong upswing along this trend, which reached a peak in August. Then I predicted that there would be a downtrend for a few months. A downswing has taken the security back from its peak, while maintaining a strong support line. The challenge now is whether the...

KrunchieKilleen

While the long-term pattern shows the Euro in an upward channel, the next period of months are likely to exhibit a down-trend.

KrunchieKilleen

Great British Pound is at a historical low against the US Dollar and ought to be entering into an upward channel However, doubt about how the British economy will be affected by BREXIT must cast doubt on this.

KrunchieKilleen

The green box shows the normal range of the Euro against the Dollar since 1994. It is near the bottom of this range. The yellow box shows the upward channel it is moving in at present, the previous down-trend having come to an end. There is plenty of scope for peaks and dips within the upward channel

KrunchieKilleen

In my previous post, I reckoned that the Euro had hit a bottom against the US Dollar at point A on the graph. In fact, a lower bottom was reached at point B. The Euro, however, still seems set for a long-term uptrend against the Dollar, the general trend being indicated by the green dotted lines.

KrunchieKilleen

The long term chart shows the Euro coming off a bottom and rising against the US Dollar, fluctuating in the short term

KrunchieKilleen

The emergence over the next week or so of a definitive Soft BREXIT is bound to see a rise in value of Euro and Great British Pound against the US Dollar. I guess that the current Downtrend of the Euro against the Dollar will prematurely end right now and an Uptrend commence, presenting a NEW BOTTOM to the long-term EUR-USD chart.

KrunchieKilleen

Having bounced back since my last post, the new local peaks of the Indexes depicted (S&P, NASDAQ and FTSE ETFs) indicate that the current down-trend is coming more into line with the historical down-slope. Expect the down-trend to continue accordingly.

KrunchieKilleen

A sudden BREXIT on 1 April 2019 is highly unlikely, because more or less impossible. Jeremy Corbyn is unlikely to succeed in his Vote of No Confidence tomorrow 16 Jan 2019, and his leadership of British Labour becomes shaky. Theresa May will continue in office and some arrangement for a Slow Brexit will ensue: perhaps a postponement of the date, perhaps another...

KrunchieKilleen

Chart shows ETFs of three Indexes: S&P, NASDAQ and FTSE. The Bull run is definitely over. How far will the Indexes fall? General patterns indicate that the Indexes are heading for a substantial fall - as far as the 20 Year Support LIne. FTSE is already nearly there on the fear of a HARD BREXIT (although the Companies that make up FTSE are international traders)....

KrunchieKilleen

For a moment, it looked like the Market had already accepted that the BREXIT outcome will be Normal for Trade, allowing the Euro to begin its recovery against the US Dollar. Then the doubt crept back in. My curves still show 1 April 2019 as the date for the bottom of the EUR/USD curve. However, if the negotiations on British Exit reach an earlier certainty of...

KrunchieKilleen

Interestingly, my curved down-line meets the Long-term Suport Line at 1st April 2019, the date BREXIT comes into effect. Two forces pressing the Euro down in its relationship with the US Dollar are rising interest rates in the USA and fears of BREXIT. When it transpires that BREXIT will make little change to trading between UK and Europe (and the world), the Euro...