As long as the "Key Level" at 142.50 holds we should see upside to the 143.500 target. Stops can be placed under 142.50 for buys at the current level.
When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce. Daily MACD confirms further bearish momentum. RSI turning against. Further fall is imminent to 2400 points. Important thing to say which is subjective opinion, but previous results add weight to expertise: * S&P500 suggested retracement at the Ocotber 2015...
Possible sell on GBPAUD as long as the pair does not close above 1.8100.
Here we have a potential head and shoulders pattern with a neckline at the 38.2 fib from 52-week high and low. I bought in at 1.6700 with a S/L at 1.6693.
As predicted Eur/JPY held up support at 124.90 and closed a daily candle above the key level of 125.00 this is a bullish sign in my view and we could go higher to the 38.2% Fibonacci.
Blue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will...
Stocks crashing, media pushing fear on the hourly - like always - so in short, bought gold. I anticipate a bit of a correction from recent resistance breaks but overall ...I am long.
Our CFTC prop research points out the Bloomberg commodity index is headed lower. This has a wide ranging effect on global indices and sectors that are heavy weighted trading or using Metals, Natgas and Oil.
Apple took a major hit, along with many other companies, from the allegations of hardware infiltration. I believe AAPLE will rebound back to 225-227 before 11/16/2018 if the allegations are false. My diagram is just a visual of what I just said. I have included Time and Date Bloomberg released the story and you can see soon after that AAPL took the dip Time and...
I like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit: data.bloomberglp.com Please take the time to follow Cryptorae on Twitter if you like this chart :-) TradingView chartsetup: Credit @Cryptorae on Twitter This week is really important...
Bloomberg stated that 1/3 of investors are expecting announcement of 4 rate hikes instead of 3 for the upcoming year. Therefore, markets may be a bit overpriced, in the case of 3 hikers. IF only 3 rates hikes are announced, we can expect a bearish US dollar. Trend confirmed when price will break the channel, multiple strong supports to watch for, depending...
In the previous post about EurUSd -0.23% , we were expecting EurUsd -0.23% to make a mid-term high in October and tread lower from there onwards to a short-term low in the first week of November, thats already in place and we are now expecting Euro -0.23% to keep trading lower against the Greenback till Feb 2018.The intermediate low has been marked on the chart @...
Price dynamics have changed. Now the price target for bitcoin bubble burst stands @7000 (+/-400). Time target is still the same - 3rd or 4th week of November.
Last year in June, United Kingdom's majority chose to leave the European Union. This year on March 29th Prime Minister Theresa May invoked Article 50 of the Lisbon Treaty, officially stamping the process to sever ties with the bloc.This brings to end a 44-year-old relationship that always had National political parties at odds, will the UK be better off...
Gold broke this low , Now the high that we were expecting 2nd week of October will be lower high instead of higher high.
U.S Federal Reserve hinting another possible interest rate hike in December has changed our time target for Gold. Earlier we were expecting the yellow metal to halt the uptrend in last week of September, instead, we are now looking for that High to come in late by almost two weeks. The current drop should terminate here and Gold should resume the uptrend. Going...
Quoted from Bloomberg Bullion has climbed 8 percent this year as a weaker dollar combined with investor concerns over Trump’s presidency. Gold’s rally this week took it above its 100-day moving average, a sign to some traders and analysts who study chart patterns that prices may rise further. Traders are “seeking some safety in gold,” Jeffrey Nichols, a senior...