I did some analysis on DXY and EURUSD this morning and realized that we are likely to see another swing high in EUR, which is supposed to start may be next week.
Since Crude is extremely correlated with EUR or DXY it will make sense to suspect that Crude will also go higher once EUR reverses in Y wave.
Please check EURUSD as a grey line on the chart - the...
Watching this pair closely since I spotted what looks like a very significant top area, both in time and price.
It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July.
It's also interesting to note that...
I changed my view on this pair and I think we're witneseeing the start of a very strong rally, which could reach the 1.74 to 1.84 zone in time.
Analysis on chart.
I will update with my long entries, looking to establish a longer term position trade in this pair if my analysis proves to be correct.
Good luck,
Ivan.
Interesting observations about EURNZD, if you are long from the bottom, good for you!
But where do you take profits? Where do you scale in or how do you trail stops?
Good questions that depend on your own methodology.
Here, I'm seeing multiple hints for a possible top in this relentless rally. Everyone's pessimistic about the New Zealand Dollar, which makes me...
Simple setup, initiate a short when the support is breached.
We have a very strong decline after completing what looks like an expanding ending diagonal triangle in the 4h/daily charts.
If price moves below the support level outlined in the chart, it will accelerate down, probably moving 430+ pips to the downside.
As a bonus, crude oil seems to be moving up, while...
EURUSD is one tricky chart, compared to the other euro pairs I'm trading.
I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside.
The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786...
THE OPEP MEETING EARLIER TODAY GAVE THE WTI THE BEARISH KICK WE NEEDED FOR THIS TRADE. THEY DECIDED TO KEEP PRODUCTION UNCHANGED, THAT IS A BEARISH FUNDAMENTAL FOR USOIL.
THE TECHNICALS SHOW US THAT THE OIL HAS A VERY STRONG AREA ARROUND THE 58-60S. LAST MONTH WE HAD AN EVENING STAR CANDLESTICK PATTERN, CONFIRMED WITH TODAYS FUNDAMENTALS AND TECHNICALS.
JP MORGAN...
Downtrend failure inminent, I suspect the OPEC meeting outcome will seal the dollar and crude oil's fate here.
Analysis on chart, we have what looks like the beginning of a fifth wave here, after the current daily downtrend signal was reached ahead of time.
Price is about to cross above the mode after two strong daily bars, where buyers were in control.
I'm...
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I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro.
Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy.
I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...
CADJPY has been in a consolidation for some time, before launching a fierce uptrend, in what I consider to be a wave C impulse in a larger flat.
I considered the move complete, but looking at how it behaved after topping, I suspect that the uptrend isn't complete yet.
We can observe a series of smaller timeframe trends briefly putting the bears and the bulls in...
Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support.
Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as...
Not much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom (bearish) or top (bullish). It's any mans guess at this point.
The move off the lows here has been really strong, but after closer inspection it might be comprised of 3 waves.
In any case, there's a time at mode target in the daily that has been exceeded, and time will expire soon.
Watch that date for a reaction, and a possible retracement or reversal.
It'll be key to sync the entry with a fundamental event, in order to have...
As you can see in the chart, we have had a strong bullish move from the lows after breaking a highest low trendline.
Right now, there's risk of a broad depreciation of the euro vs stronger currencies, in particular vs the higher yielding Kiwi and the dollar, naturally.
After crude oil started correcting, most euro, chf and gbp pairs started strong bullish legs,...
This is my trading plan for the Crude Oil.
As far as I can see we just broke the blue trend line, looks like a good place for a correction.
The plan is very simple, buy at the green support lines when they break, sell when you start a correction.
Good luck to us all!
We have a very bearish shooting star on the previous candle session which is then followed by a large bearish engulfing candle creating an evening star. We also have a close below our shorter term trend line. Our two moving averages are also about to bearishly cross over. We can predict this will be the case on the daily chart as they have already crossed over on...
Stops popped at 59.84, we can either fail here and move back into range... A typical entry would be a LTF orderblock up here. More likely scenario is we keep moving higher into the 62 daily orderblock, as soon as it touches the red line i will be looking to short for a resumption of the downtrend.
