MrRenev

Broad Market TA. 26 May 2019.

MrRenev Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Oil

> Not in an uptrend anymore
> Expecting it to go down but not in a straight line
> Not biased towards holding past the next resistance
> A buy but not yet, maybe in a few days

Price would decline like this:

Gold

> In a downtrend but a weak one
> Wall street cheat sheet
> I do not want to touch it yet
> Wait, and look for a buy around $1200


Copper

> In a downtrend
> Do not want to short
> Close to support area & almost full retrace


Grains

> I smell fear
> Absolute bubble starting (again)
> Can end at any time
> Not sure how to enter right now



USDJPY

> Waiting for the downtrend to continue before I consider entering
> I see no buy. Chart is just not interesting just like EURUSD
> If we start going down it will be interesting


Brexit

> I smell fear...
> In a downtrend but extended way past its moving averages (emotional move)
> Waiting for things to calm down before shorting


AUDUSD

> Reached multi year lows
> Waiting for a pullback higher and then I short it
> Big downside potential but also at a support level bulls might defend it could spike higher
> AUD minor pairs same story


USDCHF

> FOMO crew is trapped after the fake break & in complete denial
> Expecting a flush of bulls that cannot admit they were wrong
> Probably V shape recovery after a large dump, around the lows of the running wedge


EURJPY

> Missed it, now I have regrets for the rest of my life (jk I am not a crypto investor)
> Expecting the downtrend to continue
> If the selling continues a while and we extend, I will short on a new pullback


EURAUD

> Euro not convincingly going down, australian dollar down down down
> This could be the start of a beautiful uptrend
> Will buy a leg down, if the FOMO community will let me


GBP Minors

> I see only red except GBPAUD
> GBPCAD bouncing, rest all down
> Interested in going short


NZDUSD

> Another sucker's rally potentially
> Wait for it to stop for a day or two
> This could be a big bounce, so patience is key


EURCHF & EURNZD

> Just a little lower and I buy



S&P 500 & Bitcoin

> Still keep going down, the FED I think has hopes they can contain things until the economy catches up
> Good luck with that
> The uptrend is DONE. Trade war news are awful.
> Bitcoin big FOMO rally "quick I have to buy as fast as possible" has calmed down
> Bitcoin went up because of some MA cross & trendlines. It's now priced in.


Comment:
We might be able to predict the future here... o.0


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