Tag Archives: Forex stock trading

Meet Us In Paris!

Forex stock trading

Come meet the Vantagepoint team at FreedomFest!

We’ll be in booth 305 at the Paris Resort in Las Vegas from July 17-20, 2019.

If you’re an existing trader, please stop in and say hi — we love meeting our Vantagepoint family of traders.

If you haven’t had a chance to find out about Vantagepoint’s AI software, come see us for a personal demonstration and join one of our breakout sessions with our Senior Director, Daniel Santiago. Learn how AI can help you trade smarter, profit more, and find financial freedom faster.

We guarantee that by the end of the show, you’ll be saying, “Artificial Intelligence from Vantagepoint for my trading? Mais oui! That’s for me!!”

Can’t Get to Paris?

Vantagepoint AI (www.vantagepointsoftware.com) is the software company that developed the first artificial intelligence (AI) trading software in the world available to retail investors and traders. We continue to be a worldwide leader in artificial intelligence software to empower traders in the financial markets. Vantagepoint software provide trend forecasts up to 3 days before trends moves with up to 86% accuracy. Traders and investors using Vantagepoint’s artificial intelligence enjoy an edge and insight into the market that allows them to make smarter trading decisions. If you can’t meet us in Paris, you can still see how Vantagepoint works with a demo at www.vantagepointsoftware.com/demo

About Vantagepoint AI, LLC.
Headquartered in Wesley Chapel, Fla., Vantagepoint AI, creators of Vantagepoint Software, is a leader in trading software research and software development. Vantagepoint forecasts Stocks, Options, Futures, Forex, and ETFs with proven accuracy of up to 86%. Using artificial intelligence, Vantagepoint’s patented Intermarket Analysis and Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence. Vantagepoint is also actively committed to giving back in the Tampa Bay community and to Shriners Hospitals for Children donating more than $650,000 since 2007.

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Vantagepoint Forex Weekly Outlook for the Week of July 8th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of July 8th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone, welcome back, my name is Greg Firman and this is the Forex weekly outlook for the week of July 8, 2019.

Let’s get started this week with the U.S. Dollar Index. We’re coming off a non-farm payroll number, which was a surprise to some, but not to me. I looked at last month’s U6 number coming in at 7.1, which formed a gap in the labor market that the Fed was not counting on. The payroll number going up over 200,000 jobs is a very good number, meaning the probability of a rate hike coming this month is extremely unlikely.

I have been a strong advocate against rate cuts of any kind, as I don’t believe that the current economic numbers support that theory in the least. There are good retail sales numbers and a strong labor market. The ISM numbers are good too, so I’m not buying into the theory the Fed should cut 1/2 a basis point in the month of July. In fact, I don’t think they’re going to cut at all.

That lets a considerable amount of steam out of this equity rally. How that will affect the U.S. dollar remains to be seen, but the first thing we need to understand is the dollar is still within a range. It tried to break out on the downside.

After breaking through this support level, it’s bear trap down and the market’s fully recovered. So, the question is, can the dollar push higher? In my opinion, whether that payroll number is good or bad, the dollar usually sells off the following week. That’s the pattern that I’ve seen over the many years I’ve been in the foreign exchange and commodity markets.

When I’m looking at it right now, we’ve had a big rally on Friday on an upbeat payroll number, but remember, that the unemployment rate ticked up a little bit. The U6 number went from 7.1 to 7.2. So, there’s a little minor negative in there along with the positives. We have to make sure that we’re aware of that. Right now the dollar remains fully contained. We know exactly where the top of this range, which is identified by the VantagePoint as verified support and resistance zones.

We’ve got a high of 97.74, with a lower end of this range around 95.36. But, in between that, we have our key VantagePoint pivot area or T Cross Long, currently residing at 96.31. The theory is, as long as we’re above that area the dollar should hold its gains.

The Gold Market

We need to watch intermarket correlations very closely. Gold, having had a full retracement on Friday, is holding above 13.86, in a critical VantagePoint pivot area. The VantagePoint Indicators still say there’s more downside on gold. This is consistent with U.S. dollar strength.

Look for this area to hold around 13.86, then gradually gold should recover, towards the middle or latter part of next week. It’s very important to be patient with this. Our RSI is not breaking below the 40-level, meaning we’re not actually in a trend reversal yet.

S&P 500

I’ve been a strong advocate against buying the S&P 500 at these extremely lofty levels. The U.S. just had a holiday on Thursday, along with one in Canada on Monday.

In the holiday markets the market players were betting heavily they were going to get a bad payroll number, confirming the rate cut this month; including people saying crazy numbers from a 1/2 basis to 50-basis point cut. It’s ridiculous to suggest it would warrant that.

The U.S. economy is doing quite well. The risk for next week, on these stocks in general, is a massive exodus from the long trade here, because the market didn’t get what it wanted. It’s looking for a sub-100,000 non-farm payroll number, which we didn’t see anywhere close to that. Instead, it was at 220,000, even after revisions and everything else. The U.S. is averaging 175k a month.

This isn’t indicative of the Fed cutting 50 basis points, or, even 1/4 basis point. Once the market absorbs that information, they’ll likely get out of these stock trades very quickly. Nobody likes to get caught long. I believe of people buying at this point are in very dangerous territory. The Neural Index is turning down, along with the RSI, which is overbought.

There are warning signs that it’s not a true rally, but rather a speculative one. This is what the VantagePoint AI software is picking up on, which has also been great at picking out the long trade, to the current levels we’re at. There’s always that possibility something could change, but when we need to understand that we’ve still got buyers.

Right now our critical VantagePoint level for the S&P500 is 29.37. It’s imminent that level is going to be tested next week, after that payroll number. We’ll see how this plays out, but right now, it’s very dangerous to buy.

Crude Oil

One of the confirming indicators that I use to gauge the stock market with VantagePoint software is sweet crude oil. There’s a strong resistance area that’s been in place for several days, at 59.93. The Medium Term is crossing the Long Term predicted difference, warning us that this was getting ready to move lower. Oil has fought its way back up above 57.10 to finish the week, but it’s unlikely it’s going to hold if the stock market starts to move lower.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

It’s been a busy week for our main Forex pairs. We’ll start with EUR/USD, the most heavily traded pair in the Forex market, as well as, one of the most stable pairs in the foreign exchange market.  We’re coming into very heavily verified support, starting at 111.81, continuing down to the 111 area.

After everything is said and done, the Euro is still within range. Nothing has changed. Outside of 111, or above 114.50, there’s a bigger move for the EUR/USD.  I believe we’re already moving into an oversold condition. The Euro likely starts the week very neutral to a bearish, which could shift by Wednesday or Thursday of next week. Watch the indicators and be prepared for potential dollar weakness, which would fuel dollar strength.

U.S. Dollar/Swiss Franc (USD/CHF)

The Euro’s counterpart, the USD/CHF, looking at key levels on VantagePoint software, there’s been above this zone, so we’ve got to be cautious of another bull trap.

If the equity markets, specifically the S&P 500 turns lower, it will likely pull this particular pair down with it, along with USD/JPY. We’re still well within the overall range here. It’s not overbought yet, so look for an extension of this move on Monday, and possibly part on Tuesday. But, be very cautious of a potential reversal, that will be triggered by the S&P. If it turns and moves lower, this particular pair will follow. Watch the T Cross Long, 98.79, we’re closing at 99.14. It needs to hold above 98.79 if this pair has any chance of extending higher.

British Pound/U.S. Dollar (GBP/USD)

The GBP/USD, when using these verified zones, you can see we have a zone of very heavy resistance. The market has been unable to penetrate this, repeatedly failing in this particular area. This isn’t something that’s happened over a day or two, but goes back to May 21, when these verified zones started forming in the VantagePoint artificial intelligence software.

The GBP/USD has been moving up and down, back and forth, but predominantly moving lower. It’s coming into very strong support. If we back this out a little bit on our charts, looking at this over a nine-month period, you’ll notice it’s moving down into the bottom part of this range, around 124.30. The probability that we reverse and go higher near that 124.30 is extremely high. Watch that area very closely, along with the VantagePoint indicators for any sign a reversal is coming, or money may be coming out of the U.S. dollar and going into the British pound. We’re moving into an oversold condition, but there’s still room for this pair to extend lower.

U.S. Dollar/Japanese Yen (USD/JPY)

As I was stated with the USD/JPY, it’s basically is a USD/CHF trade. On the USD/JPY, put all of the numbers aside, as well as, all the indicators aside. It needs to clear 109.50 and get out of this area altogether. Until then, this pair is a very clear sell on rallies.

It’s the same as the S&P 500. When it moves higher, we short it. Try to buy in dips if the trend is strong. But, this trend, or this potential reversal, is not strong. It will be dependent on the S&P 500, so watch it very closely. For now, this blocked out red area extending into the 109.50/109.90 area is the sell zone.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Moving into our three main commodity currencies, the Canadian unemployment report that was put out on Friday was a horrible number. There’s nothing good to report from the Canadian labor market. In the U.S. though, things are looking very good. So, I would be so bold as to say if anybody’s cutting it’s going to be the Bank of Canada, not the FOMC. I think the FOMC is really going to struggle to try and make an argument for rate cuts. But, with the Fed, up is down and down is up.

The Bank of Canada’s certainly no better. But, the USD/CAD pair will be front and center stage next week as the Bank of Canada announces its interest rate. In my opinion, they’re not moving for a hike, and they’re not moving for a cut. It’ll neutral, so there’s a heavy bias for a long on this pair now. The labor report out of Canada on Friday did nothing to support any kind of action on the Bank of Canada for even the smallest of 1/4 basis hike.

Longs are going to be favored until Wednesday when we get the Bank of Canada announcement. After that, this pair will go back to its normal intermarket correlations, following gold and oil. If gold and oil move higher, USD/CAD will move lower, or vice versa. That’s the play.

Australian Dollar/U.S. Dollar (AUD/USD)

The same applies to AUD/USD and NZD/USD. It’s desperately trying to hold. There’s a very high correlation to gold with these two particular pairs. Assessing the medium term crossing, the long term predicted difference is the leading indicator to stop this pair from moving higher. As it was moving higher that indicator went off and it started moving lower.

If the predicted RSI breaks below 40, the correction will likely continue down towards the 68.30 area. There is major support sitting in this particular zone, which we touched on Friday. That level is around 69.57.

We’ll see where we’re at on Tuesday and Wednesday. If we’re holding above 69.57, we should be able to extend higher. We’ll also look for that momentum indicator, the RSI, to start turning back to the upside.

New Zealand Dollar/U.S. Dollar (NZD/USD)

The same exact thing applies to New Zealand. You can see that NZD/USD is slightly more bearish than AUD/USD. It’s breaking down below that T cross long at 66.37 and RSI is breaking below 40. This could be a leading indicator for the AUD/USD pair, but my optimism remains guarded that the AUD/USD or NZD/USD are going to sell off.

I think they’re going to struggle at the beginning of the week, then towards the middle and latter part of the week, we should see these two pairs recover with gold. That’s what we want to watch. Can gold maintain and hold its gains? If it can, we’re going to see a number of these pairs follow gold.

This is the Forex Weekly outlook for the week of July 8, 2019.

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Vantagepoint Hot Stocks Outlook – July 5th, 2019 | Neural Network Artificial Intelligence Trading

Forex stock trading

Hot Stocks Outlook for the Week of
July 5th, 2019

The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate, demonstrating how traders can improve their timing and direction. In this week’s video, VantagePoint Software reviews forecasts for Best Buy(BBY), D.R. Horton(DHI), Boston Scientific(BSX), Reliance Steel & Aluminum(RS), and Kohl’s(KSS).

 

This Week’s Hot Stocks Outlook

Hello traders and welcome back to the Hot Stocks Outlook for July 4th, 2019. I hope you’re having a happy Independence Day. This week is a little broken up with Thursday having the day off in the markets. There’s still plenty of great opportunities playing out throughout the market.

We’re going to start today looking at the Best Buy Corporation, with a lot going on with home builders. We also have Boston Scientific and will be taking another look at Steel & Aluminum, which we highlighted earlier over the past couple of months. There’s also Kohl’s, so retail is another area that we’ve been focused on.

Best Buy(BBY)

Looking at Best Buy Corporation and their daily bars here, with each one of these candles representing a complete trading day. Against the price data there’s a black line and a blue line. There’s also an indicator at the bottom of your screen, to the right of the current price action.

Starting with this blue and black line against the price data, it’s very important we understand what these values are. The black line is a regular or simple moving average. It’s a very common technical indicator that does a good job of measuring where the market has been over time. All it does, however, is look at past prices from the one market in question, this being Best Buy Corporation.

Let’s compare the black lagging value and the blue value, against the chart. For that value to be generated, the Vantage Point software is using its Neural Networks, a type of artificial intelligence, which is doing a very sophisticated type of analysis called intermarket analysis.

It doesn’t just look at past prices of Best Buy Corporation, but also up to 35 other markets, known to influence and share very important market relationships with Best Buy. That can be ETF groups, individual stocks – including important markets like the S&P 500, The Dollar Index. It also can include futures markets and interest rates, known to affect the future price of Best Buy. All that information is used to generate future prices, making them forward-looking and predictive.

When you have a situation where the blue value, or the predicted moving average, has crossed above the actual moving average, it suggests average prices are going to start moving higher. In addition to the predicted moving average, there’s another indicator at the very bottom of your screen. This green or red indicator is another indicator that’s derived via those Neural Network market relationships, but it’s very short term in that it only looks ahead 48 hours at a time.

It lets you know about short term strength, or weakness, in the market. It adjusts and adapts with current information, taking in more data and updates as it forecasts. To round out the forecast you’re also given a predicted high and predicted low, two values generated with the help of that technology. This creates forecasts a trader can understand.

If I’m going to trade Best Buy, when should I get long? Around June 10th, there’s a cross over to the upside, suggesting the trend is up. From this, you can use tools like the predicted high and low, which we see how accurate they are on this trading day.

You see how tricky the market can get on a day like this, where getting involved at a good point in the trend you’ll have to buy on a down day. You can see the market closes near the low, but the blue line is still above the black line. The trend is up. So, you see how this short-term strength corrects and starts moving to the upside, giving you more opportunity to add to your position. The Neural Index goes into a red configuration, signaling weakness over the subsequent 48-hour periods. That’s a good time to buy on the dip, understanding that there’s likely to be some weakness coming into the market. But the overall trend is still to the upside.

Overall, there’s a great opportunity here in shares of Best Buy. We’ve seen the market move up over 12% in just the past 15 trading days. What’s great about this is the multiple opportunities to add to your position.

You need to manage the opportunity effectively, perhaps taking a short-term day trade here, and add into your position on all these days. The market explodes to the upside there and creates a very profitable trading opportunity.

D.R. Horton(DHI)

Regardless of the markets, you’re trading the forecasts work the same way. We can it in shares of D.R. Horton, Lennar, and many other homebuilding stocks. And, it’s the opposite here, where June 19th, the crossover moves to the downside. The Neural Index is very weak over these subsequent 48-hour periods. Therefore, you want to use the predicted highs to measure where to set short positions. It can get tricky, to participate in the move, where you need to short on this trading day, as the market starts moving to the downside. It hit a predicted high here, gap up, immediately moving lower.

It’s helpful to have a trading day moving a little bit above the predicted high, though the Neural Index says to watch out for the price levels towards the predicted highs. You can cover some of that position and re-short at even better levels. Whether you’re a short term or longer trader, or a trend trader, you have the tools to make the adjustments, getting the most of an opportunity. You see this market from the beginning of the market to where it is currently, at about 4%. Over this period is a clear opportunity, and we can expect some strength in the marketplace, resetting the shorts at better levels. You can take that piece of the market out, locking in stops that break even, with a lot of different strategies. Overall the trend’s still to the downside, so we have to see how these things play out moving forward.

Boston Scientific(BSX)

Now, let’s look at Boston Scientific. There’s a crossover to the upside, all the way back in mid-May. A lot of the trends will persist sometimes. You need to understand when it’s a good time to buy on a dip. The blue line hasn’t crossed below the black line, but you see the Neural Index is warning you of weakness in the market. For the most part, you’ll have that advantage of predicted highs and lows, as well as, the Neural Index to inform you, letting you know what you should be doing to adjust your position, based on if it’s a trend trade or short term trade.

There’s a great entry at the beginning of this move, at about 16%. There are multiple pportunities along the way to add to this position, at a very good intraday level, allowing you to participate with many of these opportunities. There’s about 5 to over 10, almost 12 opportunities, where you can long, taking little pieces. There’s been a 16.5% move over the past month and a half.

It’s a great tool, helping you focus on a particular market, while making trade adjustments as things change, shift, and move forward.

Reliance Steel & Aluminum(RS)

We’ve talked a lot about steel and aluminum companies; which is another example of recognizing an area in the market where similar stocks are turning higher. Now, we’ll look at Reliance Steel & Aluminum, which had a with a crossover to the upside.

There’s a couple of periods where the Neural Index goes down to the red configuration, suggesting some short-term weakness. Remember, it only looks ahead 48-hours, readjusting its forecast accordingly. So, how are you going to trade this market over what’s been an entire month?

Well, you’re going to buy at these predicted lows and target the predicted highs. In this market we get a bit of snapback, like it’s coming back to this predicted level, gapping up and creating a lot of volatility. You can see how the indicators get back on track, letting you know where you want to add to this position. Only buying the market, as the predicted moving average is well above the actual moving average through the entirety of this. This tells you the market is going to continue moving higher.

It’s a nice opportunity to the upside in many metal and mining stocks; steel and aluminum stocks have done well over the past month. There’s an over 10% move to the upside over the past 19 trading days.

Kohl’s(KSS)

Now, here’s shares of Kohl’s, which we looked at a few weeks ago. We had highlighted, updated it, and the opportunities to continue shorting the market. What I’d like to highlight is how you get the updated forecast, letting you know things have shifted.

Not only is there a great opportunity to get short the market, start shorting from those predicted highs. You see more recently, a crossover to the upside, suggesting on this candle here, is a great opportunity to cover your position down at $47 per share. Make sure you keep those profits you’ve accumulated over the past couple of months as you’ve been shorting this market.

We’ve gotten a decline of about 31%. On the downside here, there are all these opportunities to short the market at predicted highs. That’s what one should be doing; shorting the market at predicted highs when the market’s in a downtrend. There’s a lot of shifting, suggesting this trend is over.

Make sure you cover those positions at that predicted low. Get out of the way as the trend is now to the upside, making certain you capture that 31%. Not only as a trend trader but being able to add to the position at very important times.

So, intraday, getting a good entry, where you can have a core position involved in this 31% decline. Add a little on this day and this one. Target the predicted lows. Take the little pieces out of the market over, over, and over again. Have multiple trades where you’re able to do trade management, adding into your positions at the appropriate times. Under the bigger picture of the overall trend, having the intraday levels where it makes sense to add to the position.

There’s a huge decline here; a 31% move. The shares of Gap are doing similar things, having declined but starting to turn higher.

This has been our Hot Stocks Outlook for July 4th, 2019. Thank you all for watching. Best of luck and bye for now.

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Vantagepoint Forex Weekly Outlook for the Week of July 1st, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of July 1st, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone and welcome back. My name is Greg Firman, and this is the Forex Weekly Outlook for the week of July 1, 2019.

A very volatile week is coming this week. We’ve got the non-farm payroll number, Canada Day, a holiday on Monday, and Independence Day in the US on Thursday of this week. On top of all that, we’ve got the non-farm payroll number on Friday, with nothing but headlines coming out of the G20 summit.

I think this coming Sunday we’re going to see a significant gap in the Forex market, particularly on pairs like USD/JPY, USD/CHF, and anything equity-based. It’s my understanding that Trump is not going to put additional tariffs on China, and everybody is back to the table. But again, these are rumors. We have to see how this plays out.

Looking at the Dollar Index via the VantagePoint software, we have a critical reversal indicator on our medium term crossing our long term predicted difference. The neural index is not completely in support here, but as I’ve discussed often, the dollar is usually strong at the end of the month and the first week into the new month. I don’t see anything that’s changed here. We have very, very significant support based around that yearly opening price at around $95.59. There’s a lot going on here.

It appears, if nothing else, the dollar is going to correct higher, towards $96.20. If that’s the case, we’ll see stocks recover next week. This is a concern, but what I’ve noticed since 2012, as the S&P 500 goes higher, the US dollar goes higher with it. It could be a decent week, next week, for stocks and the US dollar. I also believe that’s only a short to medium term play, and that the longer term picture is seeing money going into gold.

The Gold Market

Whenever I see money going into gold like this, in my opinion, there’s several currencies that are going to be affected by that. It would strengthen the Euro, the Aussie, the New Zealand, the CAD, the Swiss franc, a number of different pairs. Now we do have verified resistance on gold going back several years. The main level that I’m watching is $1,434, seeing if we clear above that.

We’ve got a short term top in place at $1,442 that we should respect at this particular time. It’s a lone bar sitting there by itself. I expect on these headlines out, gold would move lower, at least in the short term, based around a known cycle of dollar strength. We look for gold to hold above $1,374, and I’d say a retracement is imminent. We’ll continue watching this. The medium term crossing the long term predicted difference is a leading indicator, but the neural index is still not convinced that gold is going to go too much lower.

S&P 500

When we cross reference that to the stock market, if the headlines are true, bearing in mind this Outlook was produced Saturday, before the market opens, not after it. This is not eyewitness weather here guys, where we forecast something that’s already happened. This is before the market opens. Looking at this right now, I still have the same verified resistance here at the $2,964 handle.

There is a very strong possibility that the equities could pop towards $3,000. I believe that any move higher in stocks ultimately is going to be met with selling. It’s just a question of how much the market is buying into what Trump is saying, along with China. We don’t have verification on any of that, and even if it does settle, the Fed is still talking rate cuts. All of this still points towards a recession, which is not good for stocks. So we have to bring that basic fundamental into this.

Stocks have been in a strong rally since 2011, 2010. It would be perfectly normal for these stocks to go lower. We’re going to see how this one plays out, but we’ve had a full retracement down to our t-cross long, and the indicators are still warning that we’re going higher.

A lot of this is optimism is based around the G20 this weekend. We’re not really positive what’s going to come out of this. I strongly recommend everyone take a breather on Monday and Tuesday. The Canadian markets are out on Monday; US markets are out on Thursday, and the non-farm payroll lingering there. It’s a very volatile week ahead.

Crude Oil

Oil continues to be a leading indicator. We can seeoil has significant resistance at $59.85. We’re starting to turn lower. We’ve hit this verified zone, identified by VantagePoint, three days in a row. In my opinion, we have to watch out as oil could pop higher if stocks do. The direct intermarket correlation we’ve got a monitor.

When we see a signal like this, the medium term crossing the long term predicted difference when the neural index is in agreement, our RSI is overbought and there is no buy trade there. If there is a long trade on oil, I believe it will be short to medium term, and will be based on those announcements we’re hearing. So be very, very cautious with that.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

With our main Forex pairs this week, if stocks rally and gold moves lower short term, it’s not going to benefit the Euro one bit. The euro is again stalled out here. We’re on the cusp of a potential reversal signal. Watch this one very closely. The medium term crossing the long term predicted difference, we’re looking for the neural index to turn red. Our RSI is already starting to move lower. We’ve got a verified zone that’s formed, the top of that zone at $114.13.

Clearly, a corrective move is in play, but I’d advise everyone, based on the overall range here, we are still within the overall range. But, we’re pushing to a break through to some new highs. Gold is going to determine what happens with the euro. The direct intermarket correlation here is that stocks higher, Euro lower. I know that that may sound foreign to some, but for the last year that’s the direct intermarket correlation that I’ve seen.

 

U.S. Dollar/Swiss Franc (USD/CHF)

We certainly are speculating here, but looking at the USD/CHF, it has stalled. We’ve got the exact same signal on the USD/CHF as we have on the Dollar Index. The Neural Index is conflicted here. I think it will be a corrective move, but if stocks again move higher, then USD/CHF is unlikely to move much lower from where it is. It’s actually likely to move straight up.

We’re watching the S&P 500 and global equity markets very closely to see how they’re responding to this weekend’s G20. Right now, the headline news coming out is positive. We’re going to be watching these levels very closely. We appear to have a short term bottom in place at $96.93, and I fully support longs off that particular area.

British Pound/U.S. Dollar (GBP/USD)

As we look at the British Pound/US Dollar, it probably won’t move much from here. We’ve talked about this one in the VantagePoint live training room, having several very lengthy discussions about this; I’ve warned everybody about two levels – one at 128.50 and the other one at this critical verified zone, at 128.10. In my opinion, if, and when, we take out 128.10, this thing is going to run all the way back up to 132; we’re going to have a very easy long trade. I’m not convinced that’s going to be next week. We’re in a period of known dollar strength, equity’s turnaround, the dollar turns around. That’s probably going to hurt the GBP and the EUR.

Right now we’re sideways around this verified resistance, with good, strong verified support down at the 125.06 area. I would be far more comfortable with longs in that area than I would be where the market currently is. Our t-cross long at 126.82, we’re closing 126.82, we’re dead flat here. Next week, shorts carry a slight biased, while below that key area between 127.50 and 128.10.

U.S. Dollar/Japanese Yen (USD/JPY)

The USD/JPY is going to be a sneaky one this week. It’s all about stocks. If the market – the S&P, the Nikkei, the DAX – all pop higher with what’s going on with the G20, the USD/JPY is going to pop too.

Here’s where I would be very cautious with this one. I cannot rule out a 100 or even a 200 pip gap in the market this Sunday night, because the second they get in there, anybody who’s short and hears these announcements may want to dump out of their shorts at this level. If they do that it’s going to cause a significant spike on the USD/JPY. I think there’s at least a 60% probability that’s going to happen.

Be very careful, but watch our verified zones, coming in at 108.80. More importantly, I would pay attention to the 109.50, 109.93 area. I support shorts on any kind of rally higher, but let this one shake out first. Let’s get into Tuesday trade before we really get aggressive either way. Be careful of a significant short term gap in the market on Sunday and Monday.

The t-cross long, 108.11, we’re closing 107.86. I don’t think 108.11 stands a chance on Sunday night. If any of the rumors we’re hearing are true, people are going to bail out of shorts here quickly.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

With the long term shift, we’ve got three main commodity currencies – USD/CAD, AUD/USD, and NZD/USD. I believe within a matter of days, weeks, or short months, all three of these currencies reverse to the upside. What will trigger this will be a further breakout in gold. I’d like to point out in the most recent breakout, between gold and the S&P, it was gold that broke out. The S&P is still within its range. Gold is not, it’s moved higher. Even though we’ve got that resistance at $1,434, there’s more money going into gold and bitcoin than stocks. That’s based on what we see on the charts.

If everybody is happy, we get a pop in the equity markets, that could be the last one. But if gold continues to advance, USD/CAD will move lower, while the AUD/USD and NZD/USD will move higher, based around its high correlation to gold. For now, we’ve got to be cautious with this particular pair is we can see the medium term crossing the long term predicted difference to the upside. If our Neural Index turns green, we’ve already got an oversold condition on the predicted RSI. This is pointing towards, if nothing else, a corrective move back towards the 132.57 area.

As I’ve stated in the live trading room, and with my own direct clients, I fully support longs at 130.55 and stops around 129.90. We want to put a tight leash on this thing, but reversal trades like this very often work. Just remember Canadian markets are closed on Monday. They’re not coming back in until Tuesday, so Tuesday’s the new Monday this week. Be very cautious with this pair, but watch your oil contracts and continue to monitor these indicators.

This indicator here from VantagePoint, is one of my favorite in the software, the medium term crossing the long term predicted difference, but I want the back support of the Neural Index. If I don’t have the Neural iIndex, a lot of times I’ll still go in, but I’ll pause and wait. In this particular case, when we look at the major support at 130.55, medium term crossing the long predicted difference, a heavily oversold RSI. It screams of a counter-trend long. But keep a tight leash on it.

Australian Dollar/U.S. Dollar (AUD/USD)

I’ve discussed the levels on AUD/USD and NZD/USD, and I’ll mention them again this week. If we can take out 70.50 and stay above it, more importantly the verified zone up here at 70.68, we could be looking at a much longer term reversal on the AUD/USD. Remember back in 2011, where the Aussie currency was when gold started to collapse. I can go back 10 years and you can see that the AUD was at $1.13 to the USD. That’s where it peaked; that’s where gold peaked back in 2011, 2010.

Let’s not lose sight of this. We don’t always want to play the short game. The long game can be very lucrative if we know what we’re looking for. If gold is getting ready to go into a long term reversal, as it’s been going down since 2011, then the AUD is to be on the rise. The indicators from VantagePoint, very good call off of here. The medium term, the long term predicted difference with the Neural Index, fantastic trade.

New Zealand Dollar/U.S. Dollar (NZD/USD)

We’ve got to break through this area. If we can’t break through that area, I think in the short term, we’re likely going to correct a little bit back towards the 69.55. But, towards the end of next week we should be looking for longs again. The same applies to New Zealand. We’re up, with the same formidable resistance, but New Zealand is a little bit stronger. Though the RBA and RBZ is going to be cutting interest rates, so is the US apparently. If interest rates are being cut globally, the US has the biggest at 2.5%, with the biggest room for cuts here. It could be another nail in the dollar’s coffin. But, I don’t think that will be next week.

Let’s see how things play out and go from there. It will be a very volatile trading week next week. So take good care. With that said, this is the Forex Weekly Outlook for the week of July 1, 2019.

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Vantagepoint Hot Stocks Outlook for the Week of June 28th, 2019

Forex stock trading

Hot Stocks Outlook for the Week of
June 28th, 2019

The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate, demonstrating how traders can improve their timing and direction. In this week’s video, VantagePoint Software reviews forecasts for SPDR S&P Metals and Mining ETF ($XME), Commercial Metals($CMC), Hecla Mining($HL), Caterpillar($CAT), and Public Storage($PSA).

 

This Week’s Hot Stocks Outlook

Good afternoon, traders. Welcome back to the Hot Stocks Outlook for June 28th, 2019. I hope you’re having an excellent week out there in the financial markets, and as always plenty to cover in this week’s outlook. We’re going to go ahead and revisit some stocks. We’ve got XME here. We’ve had some updated forecasts from that market as well as commercial metals and Hecla Mining, with a lot going on in this space. We’ll also take a look at Caterpillar and Public Storage. There’s a lot going on in the realty XLRE ETF, but we’ll take a look at Public Storage.

SPDR S&P Metals and Mining ETF ($XME)

Starting with XME, we have daily price action, so the daily bar is going back throughout June, and against those daily bars you’ll see that there is a black line and also a blue line.

The black line that you see against the chart, is a simple moving average, or just a regular simple moving average. You take the past 10 closed prices, add them all together, and divide by 10. It’s a good barometer of where prices have been in the past.

As a trader, we need to understand where our price is expected to move going forward, in order to get involved with the market at the appropriate time. What we see against that price action, as well as this blue value which has predicted moving average, generated via the artificial intelligence technology found within Vantage Point. What Vantage Point is doing is a very sophisticated type of analysis called Intermarket Analysis, so when it’s forecasting for an ETF such as something like the metal and mining ETF, it’s going to look at a unique set of intermarkets, known to influence and drive this target market. That can be other aluminum and steel stocks, other ETF groups, and other currencies, like the dollar index, Euro; it can be futures markets, including – platinum, palladium, copper, and steel; forecasting how those market relationships are going to affect this target market that you’re trading.

What that technology does is generate future prices. Those future prices that haven’t yet happened are worked into these indicators, so that they then become predictive. Once this blue line crosses above the black line, it’s suggesting that average prices are expected to start moving higher and you’d, therefore, want to set a directional bias really to the upside in this case on XME. In addition to that predicted moving average, the neural networks are also at work, generating this indicator you see at the bottom. This is a very highly accurate indicator, but it’s only looking ahead 48 hours at a time.

Very short term strength or weakness in the market place, and round this out. Those neural networks are also picking out an intraday predicted high and low for you, so you can determine what prices you should be accepting intraday in the marketplace.

And when we take a look at how this all works together, we can understand if you’re going to be getting along the market, where you would be getting in, intraday. You’d looked towards those predicted low values. We’re not going to hit these values every single day, but there’s been plenty of opportunities where you’ve come in and intraday. It has been a fantastic opportunity to build a position, understanding that the trend is to the upside, and you’d only want to be getting long in a market such as this.

XME – last week we took a look at this, and all related stocks within the sector. So far we’ve got a nice opportunity to the upside. The market’s up about 9% in an ETF, and what that does when you recognize opportunities within an ETF; if you want to get a little bit more volatility in a bigger move, you can look towards individual stocks within that ETF.

Commercial Metals ($CMC)

When we look at things like commercial metals here, we have a crossover to the upside. The Neural Index is strong at a one here. We have a little bit of pullback in the marketplace, which gives you a little warning from the Neural Index. There’s a ton of separation between that prediction of where prices are heading, with the lagging moving average telling you where prices have been; letting you know this market is in a strong uptrend. You want to use that guidance from the predicted low to accumulate a position. Short term traders can look towards the predicted high to take some profit. Overall there’s a great opportunity to build a position in a stock such as this. It’s just a nice trade, and as we see this market moving higher, about 21%, it’s almost twice as much as the ETF that it’s included in.

 

Hecla Mining ($HL)

If you’d like to trade some cheaper stocks, it’s the same thing. You’ll start to see similar stocks doing similar things, letting you know there’s a real opportunity here, with an entire sector opening up some nice trades for you. Here again, we see this crossover to the upside. The Neural index up at a one here. There are a couple periods along the way, informing you to expect some weaker price action over the next 48 hour periods. That blue line is strongly above the black line, signaling you to be long here, and take profit on long positions. With the nice entry here at the beginning of the trade, the market is doing very well here. It’s a very cheaply priced stock, with another 23% rally in just the past 16 trading days, in shares of Hecla Mining. You can start accumulating that position.

We see at the predicted low here of a buck 44, the market is up near a $1.80. This is a great opportunity and there are multiple times along the way to add to that position. Understand that you only want to be long in a market like this. So act accordingly, understanding how these indicators work together, essentially generating the entirety of this forecast, which will change and evolve as the market moves forward. You can change and adjust that position as well.

Caterpillar ($CAT)

In shares of Caterpillar there’s a really nice crossover to the upside here. There’s a lot of strength from the Neural Index, suggesting you want to be long here. The blue line is well above the black line, meaning you wouldn’t want to short the market.

Again, using the guidance from the predicted levels, gives you and update of what’s going on every single day. So, a full market trading day happens. There’s information to be garnered not only from shares of Caterpillar, but also the 35 other related stock ETF futures and currency markets, sharing an important relationship. This generates future price data that’s used to build things like the predicted moving average, as well as, generate the Neural Index, and predicted highs and lows. This allows you to adjust and adapt your position over time. When the market environment has changed, you can either reverse course or take some profits, looking for a new opportunity. But, shares of Caterpillar are up 10% over the past 15 trading days, which speaks to the need to adapt your position.

Public Storage ($PSA)

There are interesting things going on in the realty space. Just like the XM ETF, we have the XLRE ETF, which includes companies like Public Storage. There’s a great opportunity going into the month of May, and also much of June, with a strong uptrend.

Over that period it’s clear. What would you want to do? Well, you should utilize the predicted lows, generated by the software, to accumulate a position to the upside. As long as those forecasts are still intact, the predicted lows are excellent levels to go ahead and add to a position. But, what we’ve seen here is some weakness set in. What I really like about the VantagePoint software is the ability to identify areas like XME and commercial metals, getting a great entry, and taking some profit along the way.

We have long positions in the market should things break out. But recognize there are some areas of weakness here. You can create a really nice hedge portfolio if you understanding that this environment has really started to shift.

If you’re going to do anything here, you’ll want to set short positions. Buy some put options after the market prices get up to this level. This can allow you to get a good entry on your put options , along with a great entry to the down side. Shares are declining pretty good here, over the past five trading days. The market’s already off over 4%.

There are great opportunities out there. There haven’t been a huge amount of things shifting around from last week, aside from things like PSA. Some of those realty things look a little shaky. You want to find the good areas to get long, trail your stops, and create a hedge situation. In a week like this one, we may run into significant volatility. There may be some news announcements in trade and G20 Summits. You can take on some positions with really limited risks. This is the idea behind trading, limiting our risk, while opening up the upside.

Once again, this has been our Hot Stocks Outlook for June 28th, 2019.

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Lane Mendelsohn, President of Vantagepoint AI, named Top 10 Most Influential AI Executive by Analytics Insight

Forex stock trading

Vantagepoint AI (www.vantagepoint.com) is the software company that developed the first artificial intelligence (AI) trading software in the world available to retail investors and traders.  Lane Mendelsohn, Vantagepoint President, has been name one of the Top 10 Most Influential AI Executives for 2019.

“This is really an honor,” says Mendelsohn, “My father, Louis Mendelsohn, was ahead of his time when he started to explore how artificial intelligence could be used for better information when trading in the financial markets. I am honored that I can become the second generation of leadership for our family-owned business and help it to continue to succeed beyond our family’s wildest dreams.”

Analytics Insight

Analytics Insight interviews Vantagepoint President Lane Mendelsohn after naming him one of the Top 10 Most Influential AI Executives of 2019.

Lane’s background is different than most AI executives; he literally grew up in the company. Even though Lane and the family business were “conceived” about the same time, he has always been deeply involved in it.  At 15, Lane began working for the company full time and he developed its first website before the internet was really a thing. Today, he has begun involving his daughters who are learning about the business and excited to be part of it.

Unique in the marketplace, Vantagepoint has continued to offer retail traders institutional level intelligence and powerful machine learning insights.  Lane has been leading the company for over a decade now, and he gets so much satisfaction from knowing that he took the foundation that his father built and expanded upon it. He has also blazed new trails to keep the company at the cutting-edge of technology.

Even more important is Lane’s leadership style.  He has created a cutting-edge company built on integrity, communication, passion, purpose, teamwork, positivity, innovation, and respect. “These core values guide our every decision,” says Mendelsohn, “whether it’s hiring, partnerships, or selling our software. Our mission is to Empower Traders Daily, but we can only do that if we are coming from the right place and serving our customers (and our employees) from the foundation of these values.  If we try to short cut any of these, our success will be compromised.  We, as both my family and as our bigger family of team members and traders, have worked hard to create something – we will never risk it by cutting corners.”

Vantagepoint AI is a worldwide leader in artificial intelligence software to empower traders in the financial markets.  Vantagepoint software provide trend forecasts up to 3 days before trends moves with up to 86% accuracy.  Traders and investors using Vantagepoint’s artificial intelligence enjoy an edge and insight into the market that allows them to make smarter trading decisions.  See how Vantagepoint works with a demo at www.vantagepointsoftware.com/demo

About Vantagepoint AI, LLC. 
Headquartered in Wesley Chapel, Fla., Vantagepoint AI, creators of Vantagepoint Software, is a leader in trading software research and software development. Vantagepoint forecasts Stocks, Options, Futures, Forex, and ETFs with proven accuracy of up to 86%. Using artificial intelligence, Vantagepoint’s patented Intermarket Analysis and Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence. Vantagepoint is also actively committed to giving back in the Tampa Bay community and to Shriners Hospitals for Children donating more than $650,000 since 2007.

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Vantagepoint Forex Weekly Outlook for the Week of June 24th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of June 24th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone, welcome back. My name is Greg Furhman, and this is the Forex Weekly Outlook for the week of June the 24th, 2019. Now, to get started this week, we’re going to begin where we always do, with that very important US dollar index. Now, this week has been a tough, tough week for the dollar. I think we all expected that, with the Fed. However, again in my respectful opinion only, the Fed is very, very confused as to which way they’re going. They gave the Bulls a little bit; they gave the Bears a little bit.

There’s a lot of talk and chatter throughout the forex market there’s going to be a half a basis point cut next month. I certainly am not in that camp. I’m not even sure I’m in the camp that warrants a single rate cut of any kind. But again, we’re going to have to see what the Fed does between now and the next FOMC meeting. But right now, the market is certainly taking it as a negative on the dollar.

What we can see here, the dollar is made a series of low or highs. We’ve had a major failure up here at this 97.80 mark. We’re moving lower. But where we’ve got to be careful right now, guys, is that we’re in these verified zones in this block. So right now, it would appear the dollar index is going to try and move towards our most recent low, our March low, of the 94.65 area, after losing this support here.

But I will point out again, I’m not sure if maybe the forex market is misinterpreting some of the things the Fed is saying, or adding words in there that aren’t there. And again, that’s only in my respectful opinion. So I will warn everybody that we’ve had a big push down, mainly on the Friday, down through this 95.89 area. But again, we’re very, very close. And we’ve got to be careful of bear traps down here. Because remember, globally everybody is cutting interest rates. I don’t think anybody’s talking about hiking.

So after the major market participants return to the market on late Monday or Tuesday of this coming week, they may have a very different view of what the Fed is doing here. So, right now, the indicators are pointing lower. We don’t have any signs of the dollar recovering for next week. But again, we’ve got to see how real money responds.

The Gold Market

With gold, the first thing I want to point out is that gold has been moving higher for a considerable period. But the main thing we want to understand here, guys, is that we’ve been here before. We’re going back to the September 2017 swing highs. We have not broken through this area. Gold looks very bullish. But again, a lot of different things have occurred this past week. We’ve had the Fed; we’ve had a conflict between the US and Iran that appears to be averted at this time, I’m not positive of that, but we’ll see. But right now, gold still has one more final hurdle to get above, which is to take out this 2014.30 area.

But I will point out also that we are moving in to somewhat of an overbought condition. And my optimism on a significant move higher in gold, prior to the fed actually cutting, I think the market may pause, and I would look for a retracement on gold, potentially back into this 13.65 area. And we can reassess there. But gold absolutely is bullish.

But I will further point out that this bullish move on gold, very accurately called on Vantage Point all the way back on May 30th. So anybody following the weekly outlook here or in the live training room has known that we’ve been positive on gold for quite some time now. That inevitably it’s likely the dollar is going to move lower and gold will move higher. That’s come to fruition. Now we have to see if this can continue.

S&P 500

In between all of this, we have our S&P 500 also coming up to a major swing high in this 29.64 area. We’re closing on a down day. The Vantage Point software, once again, the medium term crossing the long term predicted difference is warning us that this rally may not be what it appears to be. So we’ll look to see if we can break through 29.64, stay above 29.64, for at least a couple of days here guys. And if that happens, then and only then do we maybe have a shot at 3000. But my optimism on that at this particular time remains heavily guarded in an overbought condition near basically an all-time high and a yearly high.

Crude Oil

Without any doubt, oil, as I’ve always stated, the intermarket correlation there: if equities go higher, oil goes higher. Now, the conflict in the Middle East has assisted this to some degree, but in most cases the seasonality is that oil is usually strong in the summer months, during the driving season. So again, this is still the norm here. So I would expect oil prices to remain firm, as long as we hold above 55.34, then we should see oil advance next week. We are moderately overbought here, at 84.4 on the predicted RSI. Predicted differences, again, a little bit overbought. But we’ve definitely got room to extend higher.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

As we move into our main Forex pairs, starting with, of course, that very important Euro-US, one of the most heavily traded Forex pairs, when we look at the Euro, at first glance everything looks quite nice. Very comfortable, very cozy. As we break above this verified resistance, we have managed to close above it. But here’s the thing, guys: we do need to hold above this breakout point. Now, this breakout point, that’s coming in about 113.43. Again, we’re closing firmly above that. The medium term crossing the long term predicted difference, the neural index, once again, well ahead of this move. As it’s come to fruition, we’ve pushed higher.

Once again, we’re waiting to see what the ECB is going to do here. So this is really all about interest rates. But I will point out that the European economy is far from booming, to say the least. So once again, when we’re talking about some of these currencies, we don’t want to count the US dollar completely down and out just yet, when you’ve got the UK’s got issues, the Eurozone, Australia, New Zealand, Canada. All these other countries have the same issues or worse. So we don’t want to hang our hats solely on interest rates and whether the Fed’s hiking or cutting. We also want to look: is there real-world demand for the Euro? I would say yes and no. There’s demand for Euros at certain times of the month, the same as the US dollar. So right now, we’ve got some demand forming.

But again, I believe that a lot of this is going to be determined by gold. If gold continues to advance, the Euro will benefit from this. That is the main thing right now: we have a clear buy signal on this. So again, watch that 113.64 area very closely to see if we can hold above it in this coming week.

U.S. Dollar/Swiss Franc (USD/CHF)

The additional pairs, US-Swiss Franc, nine times out of 10 here guys, when gold strengthens, the Swiss Franc and the Japanese Yen also strengthen. But it’s rare that gold and the equities would be going up at the same time. So one or the other has to break free and clear here. What I will point out is that gold has broken out of the range, where the S&P 500 has not. So this would suggest that money will keep going into the Swiss Franc and the Japanese Yen, particularly while we’ve got a conflict in the Middle East. But if that conflict dies down, money will very quickly come back out of the Swiss Franc and the Japanese Yen. So we want to watch these areas very closely.

Right now, we are in an oversold condition. We’re approaching a major level of support. That level coming in at 97.16. Our RSI is already starting to flatten out, but our predicted differences and neural index are still down. So we’ll watch this one very closely, and I would definitely hold off until at least Tuesday before trading this particular pair.

British Pound/U.S. Dollar (GBP/USD)

With the Pound-Dollar, the Pound-Dollar has a very, very significant resistance area at 127.50. Now, another unique part of the 127.50 area is that’s also the yearly opening price. So if the Pound-Dollar can retake 127.50, close above it, then we’ve got a real shot at breaking free and clear of this area. But I would like to see us break free and clear of 128.10. Right now, our main indicators from Vantage Point very accurately calling this reversal off of this verified support zone. We’ve got our medium term crossing our long predicted difference. That followed, also, by, again, the neural index, with a rising RSI.

To begin the week, the area that we need to clear, to be very specific, is 127.50. And I don’t mean poke above it then close below it. I mean close clearly above this thing, break higher, come back, and retest 127.50. That will confirm a reversal, and we’re going higher. We don’t have that just yet here, guys. So, again, watch that area very closely. The Vantage Point indicators are supportive of additional longs while above 126.79.

U.S. Dollar/Japanese Yen (USD/JPY)

As we look at the US-Japan for next week, once again money is still going into the Japanese Yen in a quasi risk off scenario, with that Middle East conflict and of course the Fed. So when both of these things hit, it really is problematic for the US dollar, but very positive for currencies like the Swiss Franc and the Japanese Yen. So we’ll continue to monitor this one also, but again, we are in an oversold condition. It doesn’t mean it can’t go lower. But that’s why we back our charts out. And when we back our charts out, the most recent swing low past here is all the way down at 104.80. Now, I’m not saying we’re going to 104.80, but if a conflict between the US and Iran continues, it’s extremely likely.

Right now, we don’t have any real strong buy indicators to begin the week. So shorts, in my respectful opinion, still carry a slight edge, while below our T cross long at 108.43. So all eyes are on 108.43 so see if we can hold below this. But, looking at these key Vantage Point pivots, 107.55, 108, 108.43, watch all of these. But the first main level of resistance would be 107.55.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

As we come into our three main commodity currencies in forex: US-CAD, Aussie-US, and New Zealand-US, a very similar picture. We’ve got US-CAD being pounded lower, while Aussie-US and New Zealand-US have aggressively moved higher, off the levels that I talked about in last week’s Forex Weekly Outlook.

Now, the minor issue I’ve got here with the US-CAD specifically is that we have been down here before. So when we look at this low, this February low is coming in at 130.68. Only a sustained break of that area will really send the CAD into a trending move. And I’m not convinced, at this time, that there’s enough meat on the bone from the Fed to push this thing lower. And I’m not convinced that gold is going to break above 14.30 if we no longer have a conflict in the Middle East.

So a number of different things to think about on the fundamentals side. But on the advanced technical side, we can already see that the RSI is starting to turn a little bit. Now, be very careful with this pair on Monday trade. Very often what it does is it continues its move from Friday and then reverses on Tuesday. So if we’re going to see a reversal on US-CAD, it’s going to be Tuesday morning. Don’t get too excited with going in on shorts per se on Monday, because again, be cautious of that.

One of the major advantages of the Vantage Point critical pivot areas like the T cross long at 133.47 is it gives us a retracement point, which is far superior to Fibonacci or any of these things. So we want to utilize that. If we click on our F8 and our Vantage Point software, an additional main pivot area, the long-predicted 132.84. If we hold below 132.84 by Monday and midday Tuesday, then US-CAD will likely make another leg down. But we need to hold under this particular level.

Australian Dollar/U.S. Dollar (AUD/USD)

With the Aussie-US and New Zealand-US next week, again, we discussed this in last week’s Forex Weekly Outlook. And I basically warned everybody of a bear trap down here down at this 68.63 area. We poked about 30 or 40 pips below that and then did a complete reversal. But you’ll also notice that the Aussie is stalling for two days in a row, despite the Fed and everything else, it’s having a great deal of difficulty closing above 69.26. So the indicators from Vantage Point have clearly warned us, before this upward move with virtually zero lag that this was going to happen. That’s come to fruition. But we’ve got to break through this particular area. If we can break above 69.26, our next upside target will be of course the 70.22.

But this area up here is the one that really has my attention in forex, up in this 70.40, 70.60 area. I believe if we can break above that, we’re going to have a complete and utter trend reversal on this particular pair. But again, we’re not there yet. Right now, we’re moving towards that, but we have a number of obstacles in our way.

New Zealand Dollar/U.S. Dollar (NZD/USD)

The exact same applies to New Zealand-US. You can see that we’ve got almost an identical signal, the medium term crossing the long predicted difference with the neural index, a rising RSI. New Zealand I would say slightly more bullish than what Aussie is, but the fact is, both of these have to get moving here very quickly, or the sellers are going to step back in.

Next week, we’ve got the US GDP, that’s going to be a big one to determine growth in the US, and it’s going to fuel further speculation on whether there’s going to be a rate cut or whether there isn’t going to be one. I think that a rate hike is off the table, even though in my respectful opinion it shouldn’t be. The Fed is, again, a very strange animal. So we want to make sure that we’re not hanging our hat totally on what we think they’re going to do.

With that said, this is the Forex Weekly Outlook for the week of June the 24th 2019.

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Vantagepoint AI Helps Veterans Who Need Service Animals

Forex stock trading

There are a few things in life that are free – but freedom isn’t one of them.  This past Memorial Day, the team at Vantagepoint AI stopped to remember the men and women that gave their all for our freedom here in America. In honor of Memorial Day, Vantagepoint not only provided a discount to new and old customers but it gave a percentage of its revenue from the holiday weekend to Train a Dog, Save a Warrior (TADSAW).

Vantagepoint AI (www.vantagepointsoftware.com ), is the software company that developed the first artificial intelligence trading software in the world available to retail investors and traders. With a mission to empowers traders daily in financial markets, Vantagepoint provides trend forecasts up to 3 days in advance with up to 86% accuracy.

 

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TADSAW is a small non-profit organization that helps veterans pull an animal from the shelter and then pays for the training and service animal certification process.  “While most service animals come with a hefty price tag for veterans who need them, TADSAW is a good investment – they cover all of the expenses of certification and work with certified trainers at a dramatically reduced rate.  Veterans have no cost in the certification process. Rather than $25,000 for a service animal, TADSAW’s average cost is between $1,200 and $2,500.  That makes moral and financial sense!” said Lane Mendelsohn, President of Vantagepoint AI.

You Can Help Too!

Vantagepoint regularly donates a portion of its revenue to charitable causes.  “We’ve been supporters of Shriners Hospitals for Children for a few years now, and we’ve donated to local food banks in our community – we’ll continue to support those programs and now we are pleased to add helping veterans in our community who are working with TADSAW,” added Mendelsohn, “now we can help underwrite the cost of service animal certification through our donations.  It’s because of our Vantagepoint family of traders that we are able to do this.”

You can help make a difference when you become a trader using Vantagepoint’s artificial intelligence software to trade better and profit more.  As your trading profits grow, you too can pay it forward with your own charitable giving as the team at Vantagepoint continues to donate too.  Visit www.vantagepointsoftware.com/demo for a free lesson and complimentary market forecast. Or call us directly to speak to an Artificial Intelligence specialist at 800-732-5407.

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About Vantagepoint AI, LLC. Headquartered in Wesley Chapel, Fla., Vantagepoint AI, creators of Vantagepoint Software, is a leader in trading software research and software development. Vantagepoint forecasts Stocks, Options, Futures, Forex, and ETFs with proven accuracy of up to 86%. Using artificial intelligence, Vantagepoint’s patented Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence. Vantagepoint is also actively committed to giving back in the Tampa Bay community and to Shriners Hospitals for Children donating more than $650,000 since 2007.

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Vantagepoint Hot Stocks Outlook for the Week of June 21st, 2019

Forex stock trading

Hot Stocks Outlook for the Week of
June 21st, 2019

The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, VantagePoint Software reviews forecasts for SPDR S&P Metals and Mining ETF($XME), Commercial Metals($CMC), Nucor($NUE), Freeport-McMoRan Copper & Gold($FCX), Newmont Mining($NEM), Ruth’s Hospitality Group($RUTH), and Kohl’s($KSS).

 

This Week’s Hot Stocks Outlook

Good afternoon traders, and welcome back to the Hot Stocks Outlook for June 21, 2019. I hope you all are having an excellent week out there in the financial markets. And, as always, plenty of great opportunities to go ahead and cover.

We’re going to start out here and do things a little bit differently in this week’s Outlook, in that we’re going to take a look at the XME ETF here. We got the metal and mining ETF, and actually a lot of stocks within that ETF to really highlight an important point of how these intermarket relationships work and how the software here can really clue you into some good opportunities to take some positions in the market. Then we’ve got also Ruth Hospitality Group and also Kohl’s, so definitely, a lot to look at today.

SPDR S&P Metals and Mining ETF($XME)

But I want to go ahead and start out here with the XME metals and mining ETF, which is really exposure to steel and aluminum, also gold, even a tiny little bit of coal there. So it’s a very diverse mix of different types of assets here. Regardless of which market you’re trading though, the vantage point indicators here all work the same. So whether you’re trading coals in the S&P or this metal and mining ETF, all the indicators you see against the chart here are all going to work the same regardless of the market.

But what we have here in XME is the daily price action. We can see going back really to the beginning of June and there’s a black line and a blue line against the chart there. Now the black line that you see, that is what you refer to as a regular or simple moving average. Now in the software here we refer to this as the actual simple moving average, but a very common technical indicator. It just plots previous prices, adds them all together and then divides by a number and only looking at the past close prices of XME.

But what we’re able to compare that value to is this blue line that you see on the chart. That is the predicted moving average. Now, for that value to be generated Vantage point is looking at not just XME but it’s looking at well, a lot of other steel and aluminum companies. It’s looking at ETF groups, it’s looking at the dollar index, it’s looking at metals futures markets. So it’s looking at all these diverse markets and using that information to develop future prices, so price information in the future that hasn’t yet occurred, and actually build that data and work it into this moving average, turning it into a forward looking predicted moving average.

Now in addition to that indicator against the chart, you also see this green a bar at the bottom of the screen. It can go from green to red and back to green. Also utilizing that predicted information to forecast very short term strength or weakness. So it’s only looking ahead 48 hours at a time. It can help guide you over short term strength or weakness in the market. And lastly, your given an intraday. So an intraday predicted high and predicted low ahead of each and every trading day. So you know not only where you want to get into the market, but where to go ahead and take those short term profits.

Now once that blue line or that predicted moving average is moving above the actual, it’s suggesting average prices are going to start moving higher. As a directional trader, you know, hey, it’s time to go long the market.

Now once you have that information that says okay, well you want to be long, you can use these daily predicted high and low levels. We actually see this shadow candle that you see here. Well, it will be filled in by an actual candlestick there. So we can see how accurate all of these have been going over the past price data.

But what I really just want to point out here is that you tend to see very similar conditions across similar markets. And right now we’re in a very unique market environment and there’s been very few places where I’d really want to go ahead and actually start taking long positions, this being one of them here in the XME ETF. And we’ll go ahead and take a look at all these correlations and how close these things look as far as if you develop a process here with VantagePoint, you can really identify these great opportunities in a lot of these steel, aluminum and gold market stocks over the past just 11 trading days. You see this market up over 10%.

Commercial Metals ($CMC)

Let’s go ahead and move over to CMC though and you’ll see how similar these charts look and that they really send a lot of signals to you. So we actually have some software that can scan through these opportunities and identify these fresh crossovers and the start of a new trading opportunity. But here in commercial metals, new core, we’ll take a look at both of these really quickly as they’re going to be highly correlated here. But again saying okay, well look, if you want to go ahead and get long, focus on these markets and really look towards getting in certainly at the lower part of these predicted ranges, be a great time to take a position. And you see that 48-hour forecast just continually to the upside here.

 

Nucor($NUE)

So we’ve seen the markets do a good job recovering. But I’d be pretty cautious there has been being very selective on where you want to go ahead and try to exploit that strength in the market. Here are short shares of Nucor and a good example of how you get these opportunities where there’s going to be some volatility, but you see still a lot of separation between that blue and black line letting you know that look, the trend is still up. And of course, you can get that information from them, these other markets and see how strong some of these areas are.

So if we go ahead and look at CMC, it’s actually a good example of how the neural index here at the very bottom, it’ll indicate some short term strength or weakness in the market and you see that we certainly trade lower than the low here, but the trend is still very much to the upside. So if you can anticipate that weakness, understand to not have your stops tightened up to where you’re just going to get stopped out of the market, but be able to deal with that, expect this market to trade around this predicted average and certainly directionally stay on the right side of things.

Freeport-McMoRan Copper & Gold($FCX)

Now gold, we’ve seen moving pretty substantially higher here very recently. And again, you get these crossovers in these gold and silver mining ETFs, here this crossover to the upside. And go ahead and take a look again at those predicted low levels coming through, and we can see it how accurate these forecasts and predictions are, where if you can really deal with the volatility over a couple of trading days, you’re going to have a good opportunity to get that entry into the market. And then you get these intraday levels, which are good levels to go ahead and take profits.

So imagine if you set a limit order at this predicted high before the trading day, you get filled here and have the opportunity to buy back at much lower prices, again, taking some profit here, chances to buy back at lower prices and some really great opportunities just all throughout this sector.

Newmont Mining ($NEM)

But I would be very cautious in some of the more traditional sorts of stock areas. We want to look for those areas where there’s a lot of correlation between things and you’re getting a very strong signal here in Newmont Mining, of course, I think we covered this a few weeks ago, but really great opportunities really over the past month here as gold has done well. Well, so are markets like this. So whether you have the exposure to trade in those actual futures commodities or you just want to get that exposure, well a great place to get that leveraged exposure is through stocks. And we’ve had some really great rallies really all throughout this area.

So again, I just want to highlight, we’ve had a lot of market volatility and there have been some few places where it’s like yeah, if you want to go ahead and get long, focus on these areas. And we’ve just had tremendous rallies and great entries to start getting involved at the right time so that you can trail stops and really not set new exposure to the market, the chance of actual fresh losses.

But then we have these other areas.

Ruth’s Hospitality Group($RUTH)

So Ruth Hospitality Group, this is actually a chain of restaurants and steak houses, exact opposite where we’ve seen over the past couple of weeks even where there’s strength in the market, this is not an area where you want to be getting long and actually an opportunity where you can add to your short positions. So again, using that guidance from these predicted high levels. And you see, in a bearish trend here, you’re going to get these kicks and rallies and moves higher in the market. But notice how quickly the market continually closes below that level. So you trade a little bit higher, but by the end of the closing day you’re back below those levels. So if you can deal with volatility really over a couple of trading days, I mean one two three four, five, six, seven, eight, nine, 10, 11, 12, 13 opportunities to go ahead and get short this market here, just adding in with profits all along the way there. So really nice move to the downside here in Ruth Hospitality.

There are some great areas in the market to go ahead and buy some put options, to buy some of that downside protection and possibly get long. Some of these other areas like the gold miners and the aluminum and steel sort of areas, good opportunities to get long trail those stops. 13% decline here in Ruth Hospitality Group.

Kohl’s($KSS)

We’ll also go ahead and revisit Kohl’s and we see just over the past month here now things have not recovered. So if you’re still trading that market to the short side, which you would still be doing because the trend is still forecasted to move to the downside, well how would you want to manage that opportunity? Well, stay involved over that 33%, have sort of a core position on, but great opportunities day to day to come in and say okay, well where do I want to be adding to this position? Short some here, take some profit and just keep shorting and targeting these predicted low levels in the market. There are just plenty of opportunities, much similar to Ruth Hospitality Group here, plenty of opportunities along the way to be shorting the market, taking profits, adding to that position along the way, and really making money pretty much every week as this market continues lower and you see a tremendous amount of weakness from the neural index.

So you have these days where you get a little 48 hours of sideways strength, you move up towards these predicted highs, again going sideways here. But then you get all this weakness in the neural index, the great opportunity to go ahead and set those shorts and expect some lower prices there.

So really great opportunities here. Again, 33% decline here in some of these names here, in Kohl’s.

Ruth Hospitality also down 13, probably down 15% by now. And these other areas which traditionally haven’t done extremely well recently. I know that XME ETF’s trading at a low. Some of these markets have been really pushed lower. But great opportunities in this market volatility and say okay, here’s an area of some strength. Let’s focus in, use those predicted levels on a day to day basis and really guide that position forward. Really manage the position as it trades forward, whether you’re, again, on the long side, like commercial metals or XME here or on the short side, like Ruth Hospitality or Kohl’s here.

So just a great example of how these tools can work to help you be a better trader, make those better management decisions on a day to day basis, and keep improving that position as the market trades forward so you really adapt with the changing market conditions that we’re seeing and not get swept up and surprised by them.

So this has been our Hot Stocks Outlook for June 21, 2019. Thank you all for watching. Best of luck and bye for now.

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Vantagepoint Forex Weekly Outlook for the Week of June 17th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of June 17th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello, everyone and welcome back. My name is Greg Firman and this is the Forex Weekly Outlook for the week of June the 17, 2019.

Now, to get started this week, we’re going to begin where we always do, with that very important US dollar index. We are going into Fed week; we’ve got the FOMC on Wednesday, and it is going to be a big one. The reason I say this, guys, is there’s a heated debate over whether the Fed should hike, or whether they should cut. In my respectful opinion only, they should do absolutely nothing. But we know that the Fed is unlikely to do that. The Fed is going to send the markets into a tailspin like they normally do. We don’t want to try and predict what the Fed is going to do, because they’re extremely unpredictable.

Now, right now, surprisingly, money is going back into the U.S. dollar, not out of the dollar. That is very, very strange. But the main thing we want to understand here, is that we are still well within the overall range of the dollar index. Now, the lower part of this particular range, is 9584 on the downside, and on the upside, we’re looking at about 9774. Any substantial break of this particular area, I believe we will get that after the FOMC, once we know what their game plan is. So, I would trade very, very lightly up until Wednesday, until we see what this Fed is going to do.

But right now, despite this strange move of the dollar getting stronger, VantagePoint once again was clearly ahead of this move. The medium term crossing the long-term predicted difference, combining that with the neural index, in a rising RSI, clearly told us that the dollar was strengthening. Now, we have closed above our T-cross long 9669, that is the area we want to watch to see if we can hold above that going into the Fed announcement.

The Gold Market

Now, the Fed also is wreaking havoc with gold. Gold looked like we had an easy bull market forming with the predicted rate cut and everything else, and just like that, we got a false break above our key verified resistance zone; that coming in at, at or about the 1352/1356 level. We poked above here and then we were slammed lower on that very strong US retail sales number on Friday.

Now again, as I had stated last week, I believe that a number of the analysts and the pundits got the US unemployment numbers wrong. The U6 was very strong at 7.1, so when we look at 7.1 and we combine that with the retail sales and some of the other data, I think it’s going to be very difficult for the Fed to make an argument to cut rates on Wednesday.

So therefore, we could actually see extended dollar strength, or at the same time, extended weakness in gold. So we could have a premium short on gold. Now, I think we will have a good long once we break above 1360, stay above 1360, then we can make a run higher. But right now, any move lower in gold to be clear, is corrective, while above 1323.

S&P 500

Now, with the global stock markets, they’ve also paused too. We can see, again, the benefit of using the verified zones, combining that with the VantagePoint software, very powerful indicators in the VantagePoint software. We can see that at this verified zone high at 2915, shortly thereafter we had the medium term crossing the long term predicted difference. Now, this is providing somewhat of a safety net for short sellers so we’re going to continue to monitor, but right now, we are still holding above that critical T-cross long at 2862. While we are above that area, guys, longs still are slightly favored. A number of analysts, also last week, have thrown the towel in with conventional indicators and they’re basically stating that the path of least resistance is to the upside.

That, in my respectful opinion, is not analysis. That is not taking into consideration all of these other factors. So, when we do this, right now we’ve had rather a steep increase on the S&P, but that’s largely because everybody is convinced that the Fed is going to cut on Wednesday, or they’re going to cut two or three times in 2019. I am not in that camp at all at the current time, based on the data that I’m seeing, I will concede that there isn’t a lot of inflation, but there is still some. It’s below the target, but that doesn’t necessarily mean we have to run in and start cutting rates all over the place. So, we’ll see how this one plays out. But right now, I feel we’re going to trade between 2862 and the top of the verified zone at 2915 until after the Fed.

If there’s any significant spike in equities, gold, or the dollar index, that would tell me that basically somebody’s leaking the announcement or somebody knows exactly what the Fed is going to say on Wednesday. And I suspect that that could be in play right now, and that would be a very good example as to why the dollar is actually rallying because somebody knows the Fed is not actually going to cut, and they’re not even going to hint at a rate cut on Wednesday. But again we’ll, we’ll see.

Crude Oil

Now, with light sweet crude oil, clearly following oil, not as strong, and oil is staying lower, we’re hugging this vantage point, the T-cross medium level; the medium predicted moving average, we’ve been banging into it all week, guys, and we have not been able to break above it. So for now, oil still remains … it still remains bearish while under 5532, but I’m pretty confident that oil is going to rise in the next two to four weeks with summer driving season.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

Now, as we move into our main Forex pairs, starting with, of course, the most heavily traded pair in the Forex market, which again, is the Euro/US pair. The Euro remains locked in a very long, sideways market here … excuse me, I’m just moving along here so we can find this.

Now, when we’re looking at the Euro/US pair, again, we can see another verified top, which is again what I warned everybody last week that we’ve got to be careful around this 1348; we’ve actually made a slightly lower high here and down we go again. But again, when we look at the medium term crossing, the long term predicted difference, combining that with the neural index, we have a very powerful signal here to the downside.

Now once again, our T-cross long has been breached, but we can also assess, we’ve got a good support level here, coming in about the 112 area. So, if we lose 112, we’re probably going to go to a 111 fairly quickly, but I still do not think that will be until after the Fed. So right now, we’re still moving lower. We want to see if we can hold below 11241 going into next week. If we’re holding below 11241, then the biased is clearly lower. The Euro, still very much negative on the year based around the yearly opening price. So we’ll continue to monitor this, but right now, the euro still has a bearish tone to it despite all of this talk of rate cuts.

U.S. Dollar/Swiss Franc (USD/CHF)

Now, with the US/Swiss Franc, we are moving higher but we’ve stopped dead in its tracked at … this pair has been stopped dead in its tracks, excuse me, at the 9995 level; our T-cross long, our key vantage point, long term pivot area. Theory is, we’re below it, we’re short; we’re above it, we’re long.

Now, we play these counter-trend positions when we have confirmation from VantagePoint, and we did with the verified zones, and we can even assess here that our short term crossover taking place off of this verified support has caused it to rise. But going into next week, guys, we must clear the parity level on this pair. If we can’t, then that would signal that the equity markets are going lower, the dollar’s getting stronger, and ultimately this pair moving lower. So, very much dependent on the Fed.

British Pound/U.S. Dollar (GBP/USD)

Now, with the pound/dollar for next week, guys, we had a very, very good discussion about this, this past week in the VantagePoint live training room, using the yearly opening price and the verified zones in this 12750 area. That led to a very, very good short trade here. Once again, the market unable to breach this critical vantage point T-cross long; the T-cross long, a very, very powerful short, medium, and long term pivot area.

The theory is, we’ve got to break through this. If we can break through 12701 and stay above it this week, probably if that’s going to happen, it’s going to be after the Fed, then longs will be very good. But right now, shorts are still heavily biased.

Now, we must watch this area at 12559. You can see we’ve got a verified zone here, so don’t be too quick to pull the trigger on shorts here guys. Watch this support level very closely and be very mindful of the neural index and the predicted differences or a rising RSI. If the RSI turns and starts to rise, that’s likely it on the downside, and meaning the dollar is going to … you know, is going to be … it will be weaker across the board. If that’s the case, even with Brexit and everything else, Great Britain, US, will still be a decent long. So, 12559, and again, be very mindful of that neural index.

U.S. Dollar/Japanese Yen (USD/JPY)

Now, with the dollar/yen, despite the equity rally this week, the dollar/yen is simply not interested. It’s not willing to take the carrot here and the carrot being higher stocks. This here, tells me that the stock markets are going to continue to struggle unless the dollar/yen can get above 10886, and stay above 10886.

Now, the predicted differences are telling us here, our medium term crossing our long, telling us we’ve got a shot at this, our [inaudible 00:10:25] is turning higher, and we’ve got a rising RSI, but we’ve got to get above 50, and more importantly, get above 60 on the RSI to take the pressure off the downside. But the catalyst here, guys, will absolutely be the Fed and the global stock markets. If the global stock markets continue to move lower, dollar/yen will do so also.

So, our first level of resistance, 10850, 10850 on the medium, and 10886 on the long, T-cross long. That’s the one we want to watch. We also, again, have a verified zone sitting just below that, right here at 10880. So, everything is about the 10880 area. Guys, if we can break through that, fantastic. If we can’t, shorts will clearly be in favor.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Now, with US/Canada responding again to lower oil prices, gold failing to break out of the overall range. When gold failed to break above 1360, as I had discussed in last week’s Forex Weekly Outlook, the Aussie, the New Zealand, and the CAD reversed all of their gains. What I can tell you over the 17+ years that I’ve been using the VantagePoint software, that a direct inner market correlation will trump the best of the best indicators out there. That includes Fibonacci, Elliott wave, any other types of systems out there. If real money pours out of one market, they’ll pour out of another one also.

So very quickly, the CAD, the Aussie, and the New Zealand, as soon as gold failed, these currencies started to reverse. So right now, US/CAD appears to be set to move back towards our range top, that coming in at currently about 13565. But we must hold above this T-cross long at 13390. 13390 would be the area to look at longs, this was confirmed yet again, guys, by the medium term crossing the long term predicted difference in combination with that very powerful neural index. So, if we’ve got all these indicators lined up, we can even cheat a little bit and come down to our short term crossover from vantage point, combine these three indicators in this particular setup, guys, and you’ve got a winner.

Australian Dollar/U.S. Dollar (AUD/USD)

Now with Aussie/US and New Zealand/US, a little bit of concern that I have here, the newest indicator that’s been added to the VantagePoint software, that I’ve worked directly with them in collaboration, are these verified zones. We do not want to take these zones lightly. Right now, major support between 6865 and 6820. If gold continues to advance higher, the Aussie is likely to reverse with it. So, we’re going to watch gold very closely. Right now, appears to be further downside, but the RSI at 16.4, we’re in a heavily oversold condition in a verified support level. Watch this level closely. If price stalls here and starts to slowly rise, longs definitely will work. Okay, guys? So just watch the levels that I’ve discussed.

New Zealand Dollar/U.S. Dollar (NZD/USD)

The same thing applies to New Zealand and bear in mind, it’s almost the exact same trade as the Aussie, but the New Zealand’s been under a little bit more pressure than the Aussie this past month, so far this month. So, we’re going to watch this support zone here, that’s coming in at 6481. If we can hold here and we don’t advance lower, this pair also will follow Aussie/US higher and US/CAD potentially lower, but that is going to be determined again probably after the Fed, not before.

The key thing, guys, watch, know your levels. If you know your levels, then you’ll always be taking a trade on your terms, not the broker’s terms, not on some of the other pundit’s terms, or on some other trading system. If you know your levels, then again, you will always get the trade on your terms.

So with that said, this is the Forex Weekly Outlook for the week of June the 17th, 2019.

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