MicKi

MicKi Updated 

The pair has posted an engulfing bearish candle yesterday respecting perfectly the 50MA and confirming the downtrend. It is at the moment sitting at support but if this is broken I can see a strong case for the pair to go all the way down 0.6775 area where I would expect a double bottom as this has been an area many times respected in the past (2015 and 2016)....

MicKi Updated 

Pair reacted to the 50MA and continue its way lower. Since the 24th of June it made a big move upwards breaking he 0.659 area and that makes me be careful, the pair might gain strength again at the 0.651 area. If so we can trade both the corrective move and then the continuation to the upside. MACD weakly supports the correction move . 4H chart shows both a H&S...

MicKi Updated 

Two different scenarios in this pair. A) The pair reacted perfectly to the trendline in place since the 17th of April. Yesterday it made a engulfing bearish candle right into support. If the lows of yesterday are broken it will be an indication to go short. At the moment a very normal pull back is happening B) If we look at the 4H chart we can see a somehow...

MicKi Updated 

I find USOIL interesting but I WILL STAY AWAY FROM IT. We have reached an area of resistance, both horizontal resistance and trendline and it has formed an inverted hammer, meaning the higher prices have been rejected. MACD continues to lose strength what makes more of a valid point to short it with a profit target of around 54.5. Now, if we look at 4H we can...

MicKi Updated 

The pair has reached an area of resistance and looms ready to continue its downtrend. We see the formation of a Doji/Hammer candlestick yesterday. The next area of support is the 1.673 area. If we look at the 2H timeframe (or 4H but it looks more clear in 2H) we see how the pair has broken the trendline of a very weak recovery right at the resistance area.

MicKi Updated 

The pair has reached a somehow interesting area. On the one hand it broke a long term trendline on the 3rd of July but now seems to have found support at the 1.468 area. I believe the pair can rally to retest the resistance at the 1.4915 area. Reasons for believing this are : 1) Support area at 1.468 has been respected 2) We saw the formation of a pinbar...

MicKi Updated 

As we can see EURGBP has reached a strong area of resistance where both a weekly level and a long term trend line have confluence. We can see a daily rejection, RSI divergence on D and MACD confirms that the trend is losing strength. All this combined to the fact that the pair has rallied since May gives us confidence that it could drop at least to the 0.8850...

MicKi Updated 

Brent Oil has reacted to a support area making an engulfing candle on D timeframe and it is supported by an ascending trendline. MACD confirms that it is gaining strength and it could easily reach the 67.5 area where both resistance and the descending trendline since April confluence. Trade safe!

MicKi Updated 

The pair broke below an area of support but quickly recovered. Now it has broken a Daily trendline and recovered above the support area. Ideally we want to see a correction to the area marked with a circle near the support and where the 4H MA50 will confluence to go long forming a somehow cup and handle pattern. It could rally all the way up to the 110 area. Trade safe!

MicKi Updated 

The pair has reached an important level of support and it is very near a long term trade line. It rallied on Friday and made a pullback. We can see that there is an RSI divergence and that makes us think that the pair could be up for a correction. Trade safe!

MicKi Updated 

The pair has reached a very interesting area where it bounced on Friday from a long term trend line as well as the MA200 on Daily. Both RSI and MACD confirm that the pair could recover but it could be capped by a downtrend trendline happening since the end of May. We see two scenarios: 1- The pair reacts to the trendline and drops to find support again before...