SEI continues to drag in buyers to hold higher levels with clear skies up to the 0.10 Zone. Price oscillated around the 0.03 level before building a head of steam and cementing the trend higher. We expect the move to continue with a push through 0.06 in the coming days. ** If you enjoy our free content, please follow our profile, by hitting the Follow button, at...
The USDJPY is holding up at resistance but may be building to extend the move to higher levels around 110.570. We are watching for a reaction lower off 108.890 as buyers get squeezed out but are also open to the idea that price could easily extend through the level. Any short setup will need confirmation from a shoulder setup (lower high)....see how this plays...
The AUDUSD trade action is set to heat up as employment data is due out at 11:30am AEDT. If the numbers come out stronger than expected, buyers will dive into the action to lift price and squeeze out recent shorts. If numbers are weaker then expect further pressure lower from sellers. Either way expect some chop both up and down as the big boys reset the...
The GBPUSD has kicked on to the OfferZone where we expect to see some heat come out of the rally and a reaction lower for a long squeeze. The question is in what form...will the price pop and washout stops above the zone and then fall back below to trap some longs or will we see a correction lower from current levels to reset and build for another run higher. If...
The EURJPY has pushed headlong into resistance around 119.95 (previous daily high) and cleaned out a few stops above the level. We expect to see some sellers jump into the action for a move lower to test and potentially break the 119.150 higher low zone. Time to set the trap and squeeze out some buyers so watch for a shoulder entry short for confirmation. * If...
Ripple has kicked on nicely and continues the march higher since the break through 0.2566 highlighted on the 7th Oct. We are happy to watch this continue higher into the OfferZone around 0.3200 where we may see a reaction lower from the sellers. The key minor anchor to the current move up is around 0.2862. ** If you enjoy our free content, please follow our...
The Pound looks set to kick higher as the pressure mounts for the EU and the UK to do a deal. This means that the bias for the GBPUSD is to the upside for an extension into the OfferZone and potentially further if the short squeeze persists. Watching now for a washout lower to clean out some longs and then the action to heat up with a push up through 1.2638. **...
The EURO has had a good few sessions and the party does not look like it is ready to stop. Buyers remain in charge and targeting the OfferZone around 1.1094 so like the action for a BUY ENTRY through 1.1037. May expect to see some washout of recent buyers before a move gets underway. ** If you enjoy our free content, please follow our profile at...
The Pound has recently spiked higher thanks to some positive news on Brexit and the USD falling. The price action suggests another run higher and extension into the OfferZone around 1.2800 as there is more than enough fuel built up for a short squeeze. ** If you enjoy our free content, please follow our profile at www.tradingview.com to get further high quality...
BITCOIN continues to show uncertainty from the buyers on the Daily timeframe as higher levels continue to be rejected. We expect to see some short term volatility until traders build a clearer picture. A move through 7430 will not lead to a happy place for buyers as the contraction lower continues off 14000. A push up out of contraction (holding above 7430) will...
Everyone's Favorite Crypto - BITCOIN - is attracting some buyers looking for a run higher. Price action still has some work to do and is extended on the current timeframe so will need to squeeze out some buyers to build another Shoulder (higher low). The Shoulder will ideally be around 8300 to drag in further buyers for a run up to test 9100 and potentially...
The AUDUSD has been hit lower again on trade concerns between the US and China. We expect this theme to continue as the likelihood grows that there will be no deal over the coming days. The chart has two scenarios marked up...continuation lower as sellers pile into the action and the groundwork the bulls need to lay to build the higher low and major shoulder for a...
Ripple has kicked on higher since the original alert and price looks set to continue on higher. A break up through 0.2837 would trigger a continuation move up with longer term targets around 0.3200....for now. There is also the potential for a deeper correction through 0.2790 to clean out a few late buyers. Either way the action is signaling higher levels for us.
GOLD is showing strong signs of holding above previous support around $1480, after washing out some buyers with the spike lower, as safe haven buyers step up the pressure. If the trade war continues to escalate, we expect the bulls to come out and play and send Gold running to new highs. A push above the $1519 zone on the daily timeframe would be just the trigger...
The USDJPY is on the move up from the previous entry zone and looking to continue its way up to the OfferZone around 108.400 in a bigger move. Watching for another squeeze of the sellers and an extension up with the risk area now below 107.200 just to lock in some gains.
Ripple rallied up and out of contraction as buyers dived into the action. The move up is getting extended which will eventually lead to some profit taking. Risk is below the recent low around 0.27200 as a move to this area will trigger a deeper correction so we would then be happy to be on the sidelines. If the action continues higher from here then happy days and...
The USDJPY is set to rally if buyers start the squeeze on short sellers. A push up through 106.920 will drag in the buyers we need for the move as higher lows are holding.
Ripple is at a point where bulls and bears are in agreement but which way will it move next? We expect to see Bitcoin come under further pressure so the Ripple bears may start to come out in force and run price lower to test support around 0.22400. Looking to sell off a shoulder for the run down. If we see the spike, happy to join in the action on the upside on...