Scenario A: The move lower looks more favourable at this level as the market is between 0.382 and 0.618 retracement levels for a while now. The price action is confirmed by breaking the Parabolic and the HMA crossover to the downside. Should the market break the 0.618 level, we could see Bitcoin go to 3578 and potentially 3472.
Scenario B: Price rejects 0.618 and...
Last week we discussed the possibility of the market moving towards and breaking the 2800 level which would confirm a 100% retracement back from the recent move lower.
Scenario A: The Linear Regression is still showing a positive moving mean, which is encouraging for the SPX. In Scenario A, we could see the market continue to move towards it's mean, which also...
The 0.618 retracement level held and the price broke the Parabolic SAR levels as discussed last week.
The market played out with Scenario A and continued to sell off towards the 1.3000 level. This week we have NFP data released which will give the EURUSD a push.
Scenario A: Continued strength in the USD could see the market move lower than 1.3000 and head...
S&P500 has enjoyed a strong upward move in 2019.
We see that it has continued to make higher highs and lower highs which is positive for the S&P500, yet we approach a trendline that was created by a sloping triple top which has held strong since October. Should the price penetrate this line, $2776, then we could see a continued move upwards for the...
FTSE 100 broke a major downtrend lend to the upside on January 30th 2019 and has continued to push higher. With Brexit looming over, it is a volatile time for the UK and Eurozone participants.
The recent fib extension indicates that the FTSE 100's move higher could continue to the 127.2% level, 7311, which can make further headway back to a full 100% retracement...
Bitcoin's recent surge upwards, which saw the 2019 trendline break, saw last week's trading stagnate.
With the surge, we can see a bullish flag pattern and as of Friday's session close, a small breakout had occurred.
This could mean that Bitcoin could continue to rise should it breakout further of the flag formation. This breakout also closed above a...
The week ahead looks positive for the EURO as Friday's close saw a Hammer Candlestick form on the support level generated from June 2017.
Near term, fib levels suggest that we will see some stalling or reversals between the 38.2% (1.1344) and 61.8% (1.1411) levels. Should we see price continue to rise opportunity lies ahead to run the course to the 100% level,...
