Michael Hodges

Is Ripple Heading Lower? Looks Like It

Dec. 20, 2019

The Ripple Chart Does Not Look Good I was just doing my daily perusal of the crypto market when I stumbled across an interesting headline. It said Ripple had just scored a major investment and the XRP coin was up 5% because of it. I immediately went to the chart and you know what I […]

Three Major Forex Pairs That Look Bullish This Week

Dec. 16, 2019

You Can’t Always Be Right A few week’s ago I wrote about a signal I felt pretty strongly about, so strongly I titled my post Go Long The Dollar Now. Sadly, the signa didn’t pan out quite the way I though it would but that’s the way it goes sometimes. Trades don’t go the way […]

Johnson Victory Sends Pound Rocketing Higher, Is Now The Time To Buy?

Dec. 13, 2019

Historic Victory In The UK Boris Johnson and the Conservative Party scored an historic victory in Thursday’s snap-election. The Conservatives won an overwhelming number of seats, secured a clear majority in Parliament, and their most commanding lead in over thirty years. The news is a win for the pro-Brexit movement and virtually assures a smooth, […]

Cryptocurrency Forecast; Golden Cross Confirmed, Outlook Bullish

Dec. 09, 2019

Golden Cross, It’s A Bullish Signal I just saw an article about Bitcoin touting it’s Golden Cross. I went straight to the charts to see what was going on and had a hard time understanding what all the fuss was about. Bitcoin’s last moving average signal on the weekly chart was a Gold Cross, sure, […]

The Pound Is Breaking Out, It’s Not Too Late To Get In

Dec. 06, 2019

Brexit Certainty Grows The British Pound is on the move. The pound has broken out versus the U.S. dollar and setting new highs versus the Eurodollar. While economic uncertainty persists, the move is driven by the growing certainty of a smooth Brexit early next year. After three years of political wrangling, what has changed to […]

The Bitcoin Market Is Turning Bullish

Dec. 02, 2019

The Bitcoin Market Is Turning Bullish, But How Long Can It Last? The Bitcoin market has been drifting lower desperately in search of support for some time. The world’s leading cryptocurrency made a stunning recovery earlier this year and then gave up half the gains with equal quickness. Bitcoin has hit, and smashed through, several […]

USD/JPY Forecast: Hong Kong Elections Fuel Risk On Appetite

Nov. 25, 2019

An Unlikely Catalyst The relationship between Hong Kong and the U.S. dollar is tenuous at best and yet the one is leading to a rally in the other. The results of Hong Kong’s elections resulted in an overwhelming win for pro-democracy candidates. The results are a warning shot to the establishment (China) that its policies […]

Forex Market Outlook; EUR/USD and GBP/USD Are Poised To Move Lower

Nov. 22, 2019

All Wound Up And Waiting For A Catalyst The currency market is getting wound up and that is a great thing for traders. The amount of confusion in the market driven by trade war, slowing economic indicators, Brexit, and uncertain central bank policy has weak hands chasing news trying to get on the right side […]

Cryptocurrency Market Outlook; Bitcoin Is Dragging Them All Lower

Nov. 18, 2019

No Catalysts In Sight; Bitcoin Moves Lower With no catatlysts in sight it is very likely Bitcoin will move lower. As Bitcoin goes so too does the Crytpocurrency market. Traders need to be prepared for lower prices and I don’t just mean with your bearish positions. The next move lower is going to test key […]

The Charts Say; Go Long The Dollar Now

Nov. 15, 2019

The U.S. Dollar Index Is Back To Support The U.S. Dollar Index (DXY) has been effecting a textbook double-bottom reversal over the past month. This bottom was driven by 1) a misplaced expectation for aggressive FOMC rate cuts 2) A shifting Fed policy-stance and 3) positive U.S. economic data. This combination of factors cause the […]