Hi, September wasn't exactly the best for Silver but I like the price movement that makes prediction a bit easier. A possible short-term (1-5 days) reversal should occur around 16.500: Some of the criteria: 1. EMA's from the Weekly and Daily timeframes should act as support levels. 2. Previously worked resistance becomes support 3. Fibonacci 4. Trendlines 5....
EURUSD retains its medium term downtrend as it looks for more weakness in the new week. Support comes in at the 1.0900 where a break will turn risk to the 1.0850 level. A breach below here will target the 1.0800 level. Further down, support stands at the 1.0750. Conversely, on the upside, resistance comes in at 1.1000 level with a violation of there opening the...
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Hi followers, traders, investors. It gonna be a pretty long, hopefully helpful, analysis. The Descending Triangle has broken. It worked as it should be because it is considered as a bearish chart pattern. The support got cracked with a very powerful candle, which is also logical because the lower orange support area has previously worked as resistance and...
GBPJPY looks to weaken further lower as it retains its corrective pressure. On the downside, support comes in at the 132.50 level where a violation will aim at the 132.00 level. A break below here will target the 131.50 level followed by the 131.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the...
Bearish Case: Throughout this year, almost every Alt Coin has under performed Bitcoin. Some pulled out of the gate very strong, but most have sold off all, but some of their gains. With the ICO craze over, many people are emptying their alt coin bags and buying BTC. Bad publicity and lawsuits have plagued the alt coin market, although most are useful, a select few...
Bullish Case: Judging by the total market cap in Alt-coins, id say its trading relatively strong. Many new projects, coins, and capital have entered the market within the last year. Although not every alt-coin is valuable and many are subject to hyperinflation, there is still many great contenders with solid use cases. Judging the alt market in general, I think...
Hi, Again, the risky GBP pair but I have to repeat myself, the trade is triggered only then when you have seen bearish candlestick pattern around the marked area! Criteria: 1. The blue trendline should act as a resistance 2. Blue dotted minor trendline 3. The round number 1.85000 4. Fibonacci Extension 5. Channel projection 6. AB=CD 7. Previously worked...
AUDUSD threatens further weakness towards the 0.6700 level in the new week. On the upside, resistance lies at the 1.6800 level. A cut through here will turn focus to the 0.6850 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6950 level. Support lies at the 0.6700 level where a breach will aim at the 0.6650 level. Below...
Hi, AUDCAD has made a breakout from the chart pattern and it has managed to break above the down-trendline (pulled from 17. April) Usually, we have to talk about possible patterns. Now, we have a valid pattern and the marked area is the retest area. Bullish chart pattern called "Double Bottom": The pattern is valid because the price is above the neckline. The...
EURUSD faces further upside pressure following its past week higher close. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation of there opening the door for...
EURJPY rallies on further upside pressure with eyes on 120.20 level. On the downside, support resides at the 119.00 level where a break will aim at the 118.50 level. A turn below here will turn focus to the 117.50 level and possibly lower towards the 117.00 level. On the upside, resistance resides at the 120.00 level. Further out, we envisage a possible move...
Hi, This idea post is meant more for my Estonian followers, if there are any, but if you are not from EST then don't be afraid to invest in the Estonian economy ;) AS Tallink Grupp is the leading European ferry operator, offering high-quality mini-cruise and passenger transport services in the Baltic Sea region as well as a leading provider of ro-ro cargo...
GBPUSD resumes its corrective recovery strength with eyes on the 1.2459 level. Support lies at 1.2300 area with a break below that level turning attention to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will shift focus to the 1.2150 level. Below here will open the door towards the 1.2100 level. On the upside, resistance is...
GBPUSD declines on bear pressure with eyes on 1.2014 zone in the days ahead. Support lies at 1.2014/00 area with a break below that level turning attention to the 1.1950 level. Further down, support lies at the 1.1900 level where a violation will shift focus to the 1.1850 level. Below here will open the door towards the 1.1800 level. On the upside, resistance is...