Fundamental: Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen.
Technical: I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm...
Second Technical analysis for me !
Today 10/07, actualisation of my ideas from yesterday for BTC/USDT !
On the chart on 1 day, we can see :
- BTC Dominance going higher
- Volume is going hiher
- RSI compare to yesterday
K 20 to 40 : + 20
D 12 to 23 : + 10
Ecart : +10
The MACD Cross again the signal line and we can see the first green...
Using Fibonacci retracement: SBUX next resistance is $85.75.
If we brake above this line with high volume, it confirms the extended bull trend; meaning we could spend some more time in overbought conditions.
RSI and OBV confirm strong uptrend since July 2018. Check weekly time-frame for a clear view.
Bounced off of monthly counter trendline. Went up to .236 weekly retracement level. Looking for price to bounce off daily trendline and continue to rise. Buy entries at 136.6 & 137.605. TP at 142.55. Long-term to D 61.8 extension TP 159.992.
We currently have a neutral view on bitcoin and are currently monitoring the next Fibonnaci level at around 6278. If Bitcoin doesn't rise above this level and consolidate we are expecting Bitcoin to fall towards the previous Fibonnaci resistance level at around 5522 which is now acting as support. Additionally, we are keeping an eye on the RSI which is currently...
Tron: Which way from here?
*If you find this analysis helpful let me know!
Taking away all emotion and looking at the picture from all time frames this is what I see.
We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure
We are currently in a broader triangle consolidation so...
Hi all, AUDUSD is looking very great for a short position to get into on Monday! EMA indicating a downtrend due to price cross, Fib retracement has reached 61.8 as well. Very aggressive bearish movement as well. Catch some PIP$!
ADA has made a great bullish move to the upside, filling out the entire equidistant channel in the chart
The parameters for a Bearish Deep Crab have all been met
Point D still needs to be verified by a reversal in price action in the next few days.
Bearish divergence on all time scales up to one day
Plotted targets are your shallow retrace (38.2), moderate...
- The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute dropped to -4.8% in March (Previously 4.3% in February).
- On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level.
According to the elliot wave theory, FX:NZDCAD. is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH...
Natural gas has recently fallen down to a confluence area of support. This support area consists of a long term trendline originating from the low in March 2016, a short term trendline, the 61.8 fib retracement of the March 2016 low to November 2018 high and the 3.00 whole number level. Price has been ranging around this...