Now Reading
2018 First Impressions

2018 First Impressions

by The MoleJanuary 2, 2018

Welcome back! I hope some of you enjoyed a quiet and relaxing time away from charts and the never ending drama of our financial markets. I wish I was that lucky but as almost every year I somehow find myself stuck catching up on a myriad of chores, reading assignments, and various project related tasks. That’s right, the action (and the screaming) never stops down here at the evil lair. Now I was actually planning on ripping the lid off a major new initiative I have planned for you guys but I’m running a bit behind so let’s just take a gander at some of our key markets.

Which actually can be summed up by this chart – the U.S. Dollar (shown here are the futures), and it’s heading for a world of hurt. That formation on the monthly panel is looking extremely troubling and unless we are seeing buying interest here and that soon we will most likely see a drop to the 90 mark. Should that psychologically important support zone fail then it’ll launch a sell off of biblical proportion.

In some ways this is already happening actually, and the ongoing goldrush into crypto currencies is just one symptom of the overall disease (i.e. a systematic destruction of the greenback largely fueled by a decade of quantitative easing). Without doubt 2017 will be remembered as the year in which crypto currencies transitioned from the early adopter phase to early mainstream. And I have little doubt that 2018 is going to be the year in which consolidation in the number of markets, standardization on the exchange and trading front, and yes regulations by governments and international bodies will establish crypto as a force to be reckoned with. Currency markets will never be the same and despite all the growing pains it will most definitely for the better. More on that in the near future.

Over in the dinosaur forex pit the EUR/USD is looking bullish as heck right now and if I had any common sense I would double my subscription fees post haste. It’s in a clear break out pattern right now and a target of 1.26 by Eastern is in the cards.

One more freebie but there’s quite a bit more looming below the fold (so sign up now). The USD/JPY is still hemming and hawing, but a if it can hold its 25-day SMA I think we’re off to the races here. I would love to get a more thorough retest as to justify a long term long for a ride into 118.


It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c