Observing how previous bubbles have popped, I don't think we're just quite done with the overall bearish trend of BTC yet.
Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering.
Going long right now and not having the patience to wait out the trap could mean losses.
Volatility is currently low within EURGBP and we've seen the price ranging for some time now. We should witness a bearish breakout should fundamentals and reports back it up.
If Bollinger bounce occurs, we will see price go bullish up to the 0.87900 region.
SHORT setup for the Canadian and Yen pair. Economic reports suggest that the Yen may gain strength over the Canadian Dollar later today. If so, this will support the TA suggesting a ranging pair moving downwards.
Wait for a good entry point! Confirm that price is not breaking out of the channel. Best entry would be to call a fakeout early.
After weeks of power from the US bulls, it seems that they're finally running out of steam.
Could we now be witnessing the turn of the bearish trend? Or do the US-backers still have some strength left in them for one final push down to the 1.17000 support line?
Looking for entry points, if we complete the oval (or lemon, in this case), we get an ultimate bearish point of 1244.00.
We can also see that there's an intersecting support line with the 78.6% Fib line (1295.00). I believe this to be a good first bearish point.
Or I could be wrong and the Dollar could fail us all, war could break out, and Gold could jump up...
In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line.
I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.
Some people may call me obsessed over this rare, precious metal - I like to think of myself as a modern-day GoldRusher.
XAUUSD is currently ranging, perhaps because of political uncertainty, perhaps because it's just the way GOLD works. Not taking into consideration the fundamental side of the market, I would tell everyone to go long on XAUUSD right now and ride...
Taking a a look at previous price action of BTCUSD we can see a clear symmetry between the current price and the price when the ICO initially was launched. The 120 EMA is a clear uptrend converse to the bearish action during the March - April EMA.
Taking into consideration BTC has continued to follow this consistent pattern of rising to the next fib line,...
USDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region) .
Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards.
Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and...
Technically speaking, if everything aligns, we should see a very decent bearish move from GBPCHF.
Expect movement down to the 38% Fib line (at very most).
Historically speaking, EURUSD should move upwards to the 0.93000 region (or 100% weekly fib line).
Thereafter, Bulls will most likely run out of momentum and have to back off for a while, letting the bears pull the price back down towards the 0.88000-0.89000 region.
After the Bulls' rest, price will continue to move upwards along the natural trend of the...
