, 10 tweets, 10 min read Read on Twitter
Good morning! 😀End of August --> Time to look at some Monthly charts. What does the latest Monthly candles suggest for the road ahead for global economy? Stay tuned for #HZupdates
Yesterday, I posted this chart for #EURUSD. This is very central, as it provides indication for direction of USD. Major topping pattern - backtest in early 2018 - now targeting <0.9. Notice August candle! Zoom-in chart 2. It seems to be very Bearish #HZupdates
Turning towards Monthly chart for #DXY, we got corresponding candle to what we observed in #EURUSD. Bullish which set #DXY on the path towards min. 111, pot. as high as 120. Trend line suggest we could get there by Q1/Q2 2020. USD strength will create global challenges #HZupdates
USD strenght can also be seen in Monthly chart for #AUDUSD (= inflation gauge). Broken neckline around 0.69-0.70 for real and has embarked on journey towards target <0.5. Again Q1/Q2 2020 seems to be pot. timeling for reaching target area. This is DEFLATIONARY! #HZupdates
Deflationary picture supported by Monthly chart for #Copper. Trend line has been broken, which does not bode well for Global economy. LT-target is lower than bottom in 2008 (either Target A or B) likely to be reached by 2021/22. This indicates length of coming crisis #HZupdates
#US10 yields seems like it could bounce hard coming weeks and months. Perhaps like shown below. One more high before Fed steps in FOR REAL and crashes yields to new ATL? #HZupdates
#XAUUSD and #PMs will not do well in the deflationary scenario described above. The price action since 2015 is not a new bull market - it is a ZigZag correction which is likely to top ~1590. So many Bulls to be caught in this epic #BullTrap #HZupdates
Deflationary phase will likely be hard #Equities. #SP500 seems to develop in Ending Exp. Diagonal. A hard decline into Q1/Q2 2020 - would be in line with #commodity charts #HZupdates
#Oil apparently still in (B) wave shaping up a triangle. I expect decisive break lower coming months. LT-target <20USD. At some point Fed enters for real ending coming #DEFLATIONARY phase (Secular bottom in Ending Diagonal) only to push Global economy into #STAGFLATION #HZupdates
That is all for this week! #Deflation scenario unfolding which imo will be beginning of extended crisis (#Deflation and #Stagflation) Have a great Sunday!! #HZupdates
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