Michael Hodges - BinaryOptions.net - Page 4

Dollar Market Outlook: Something Strange Is Afoot

May. 15, 2020

Are Gold And The Dollar Moving In Tandem? Because it sure looks that way to me. What is usually an inverse trade has now set up to move in the same direction. Gold, a dollar denominated asset and one long-used as a hedge against inflation, typically moves counter to the dollar. When the dollar gets […]

Keep An Eye On Bitcoin, The Halving Is At Hand

May. 11, 2020

The Breakout Failed, What Next? Last week Bitcoin was on the cusp of breaking out to new highs. The move looked strong, the coin was making nice candles, and the indicators were supportive so what happened? Resistance at the round number of $10,000 held the coin in check and sent price action back down to […]

Bitcoin Market Analysis: Bitcoin Is Breaking Out

May. 08, 2020

Here It Comes, How High Will It Go Pundits, talking heads, industry insiders, traders and market-watchers like me have been anticipating  a major rally in Bitcoin for over a year. The reasons are numerous but today center around one event, the next halving.  The next halving of the Bitcoin mining reward occurs this weekend late […]

The Dollar Market Outlook: The Dollar Confirms Support

May. 04, 2020

Support Is Confirmed, Trading Ranges Are Present The Dollar Index has been in a trading range for the last month. A few weeks ago it looked like that range could be broken but it wasn’t, the DXY reversed course and fell back to a stronger support level. Now, with price action bouncing from the $98.50 […]

Bitcoin Market Analysis: Bitcoin Is Back Baby!

May. 01, 2020

Bitcoin Popped, The Market Is Back It was just a few days ago I was writing about the possibility Bitcoin, and the crypto market, could pop and look here we are. BTC/USD broke above its resistance target, surged, set a new high, and looks like it will go higher. The move is driven by a […]

Bitcoin Market Analysis: The Halvening, Don’t Forget About The Halvening …

Apr. 27, 2020

Bitcoin Caught A Cold Bitcoin and cryptocurrencies were not immune to the coronavirus pandemic. As global equities shed their 35%+ over the course of February and March so too did the world’s leading cryptocurrency. Bitcoin, down a staggering 62% in that time frame, has since hit bottom and bounced. The question now is, what can […]

The Dollar Outlook Is … Bullish?

Apr. 23, 2020

The Dollar Outlook Is Bullish With A Heavy Dose Of Caution If one thing is certain, the past say eight weeks have been especially tough to trade. The markets have been incredibly sensitive to news, news of any kind, and whipsaw has been the name of the game. When it comes to the dollar, I […]

Equity Market Outlook: Earnings Season Is At Hand

Apr. 20, 2020

The Rebound Is On Last week marked the beginning of the first quarter earnings season. The banks were in the spotlight, many of them missing expectations by large margins, but there were mitigating factors. The banks, for the most part, have been raising the capital reserves in preparation for the viral-fallout and that cut into […]

Dollar Market Outlook: Bullish Despite Stimulus Efforts

Apr. 16, 2020

The Dollar Is Poised To Move Higher With volatility beginning to settle down trend-following traders like myself will find it easier to pinpoint trades. To that end, today’s post is a look at the dollar and the Dollar Index for clues into what may come next. The bottom line, despite a mind-shattering amount of economic […]

Oil Price Outlook: Will WTI Bottom Now That OPEC+ Has A Deal?

Apr. 13, 2020

WTI: A Bottom, Maybe, But Don’t Count On It The Oil Price War has been a major drag on the broad market indices since it began. WTI and Brent were both down more than 50% from their pre-war highs at one point and threaten to undermine a key world industry. The price war helped send […]