Busy week ahead as September kicks in. As New Zealand and the United States elections slowly approach, the Coronavirus pandemic will most likely be the center focus for many parties and how they handle the post Coronavirus world. Here is your week ahead.
Tuesday, 1st September – Germany’s Inflation and Unemployment rate
Like most of Europe, Germany is...
AlphaBet GOOG Defining Day Ahead
This turned a little tricky on Friday. A mean/invisible gap on the 15 minute chart and not even there on the 60 minute completely arrested the decline fully 8 bucks above the 1180.85 target line.
The stop was then lowered to 1201 to protect what was left of the profit from any shorts from the 1206.28 line - the original gap...
This is the daily BTC timeframe looking at the downtrend.
We hit a possible reversal point which will lead us to the next Lower High (LH). If we manage to break the yellow line, expect bullish momentum.
(This is not financial advice, this is a volatile market where anything can happen)
WTI USOIL: June 3rd Trade Points for Week Ahead
Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then
reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week
1 pip below the next key support at 65.55 - and busted out...
ETHUSD Update and Key Levels Ahead
Won't quit - grinding higher off a new little dynamic still
forming - so far so good still.
First support for day traders at 589.
Then Near term support building at 564 with more important
medium term support at 543.
On the upside we can see clear congestion at 610 up to 615 -
an eventual break and hold above here would be...
FTSE 100 Index UK100
Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse
wave and chanelled down the smaller falling pair of parallels from the new high.
Whist constrained within the channel FTSE remains vulnerable to further selling pressure
back to the first minor support line at 7691. Failure to hold here will trigger a...
WTI USOIL Week Ahead
WTI has fallen away in a straight line ever since the short triggered
on Thursday and is now around 390 or so pips to the good.
It should fall away a little lower still, towards the first
support line at 67.22 and can spike down to 66.48 at likely
lowest before it starts to bounce away to the upside again.
Look to close out at least half...
Bitcoin Saturday Trades
Bitcoin survived through the night by moving into a triangle
formation off the lows before breaking into the weekend with
a break above the uppermost parallel, followed by a sweet
and successful retest of the same line from above once
broken, before finally rallying again off the dynamic and
triggering the first long for a while...
Still looks in good shape for a test of 741 and then 768 this
weekend and further out in time looks likely to test the 896
Right now it's waiting on Bitcoin to break higher - which it
should do later on today.
The overall trend remains positive and retests of the lower
parallel are still buying opportunities as the rally moves...
Facebook:FB Life And Times
This chart shows Facebook from it's IPO to the present. In less
than 6 years FB has risen from an all-time low just under 18 to
an all-time high at 195.
Once or twice per year it usually makes a rough 20-24%
correction - but, as with so many stocks, has not corrected
properly for over 18 months now, ever since the election...
Bitcoin: BTCUSD Next Trade Points Saturday
Yesterday's price action has created another bear flag,
smaller in scale than the one sitting above it, but so far quite
simailar. It looks to be better defined than the last one which
hopefully will create a signal worth trading off when it
The overall pattern is still bearish so the break, when it
Bitcoin Bitfinex Happy Monday !
For once this hardly really needs updating. Should rally to
first target at 10112 later today but is once more a little
extended and can spend time consolidating - quite a long time
if it wants - before rallying again. Just stick with it or look to add on dips.
It should rally to 10448 and then 11590-11620 later this week.
S&P 500 Index SPX The Trump Rollercoaster Ride in 2d -
The post-Trump rally in the S&P has been a text-book affair,
with 4 clear phases and speeds, like a car going through the
gears. First gear is the lower parallel with a direct hit on the
day after the election in November 2016. It rallies and then
drops in gear/speed, the technical equivalent of...
Nasdaq 100 Index NAS100
The gyrations of February have created some interesting
patterns on Nasdaq. After rallying to double top around 7000
it has subsequently fallen away to create a continuation
pattern under the high, finishing the week by closing at the
upper parallel of what may be a bull flag in formation. For
that to remain the case Nasdaq has to...
Bitcoin BTCUSD Decisive Night Ahead
Bitcoin is now approaching the last major dynamic resistance
potential between here and the highs on both Bitfinex and
Coinbase charts - though not on Bitstamp. We've seen it just
under double so far, gaining 5250 points on Bitfinex from the
6000 low. It can go one of two ways from here:
20:13gmt/15:13est Update and Bull...
FTSE 100:UKX Critical Support and Key Day ahead for FTSE
At the beginning of the year FTSE was forecast to hit the
upper parallel and a maximumhigh at 7818 before coming off
again. It duly hit the upper parallel spot on butthe high was a
few days earlier than anticipated and the eventual high was
reached at 7778, some 40 points shy of maximum likely...