Dollar Index: DXY So far DXY is displaying precisely the kind of technical price action you'd expect of something in the process of breaking down lower...the tiny continuation pattern with a bearish upwards slope, every move contained within the parallels that control this inverted flag formation. The dollar will try to rally from the lower parallel of the...
BRENT CRUDE OIL UKOIL Stuff and Nonsene Brent is expected to move up to 68.06-69.47 range over the coming couple of weeks where it becomes a sell again with stop above 70.00. Buy dips to the lower parallel if seen at any point during this rally, looking to sell again when the upper parallel meets price in the 68-69.47 range in a couple of weeks' time. WTI...
Bitcoin: BTCUSD For what it's worth right now, and looking at the bigger picture and pattern developing in first moment of calm since rising from bed, believe that Bitcoin is most likely to bottom at 5098 - a long way down from here - that view will only change if Bitcoin continues to hold up around current values and then turns up and breaks through parallel as...
S&P 500 Index SPX500 The last short got stopped out at even - right idea, wrong double top. Now it's fallen below the parallel that's been guiding this impulse wave since summer lows...it's trying to make a feeble counter-rally back to kiss the underside of the lower parallel before it falls away again to 2566-2564 range where it should make a rally attempt...
Ethereum/Bitcoin ETHBTC Toxic Who is buying this? Why? It's still in a massive down-trend that shows no sign of waning soon. It's a short every time it touches the falling trend line from the high and will only ever become a buy if and when that downtrend is broken. As it stands now, it looks like it should fall further back to 0.0361 and then try to bounce...
Bitcoin Update The Shape this is Throwing So far, the parabolic shape Bitcoin is making remains very encouraging for the future. If it can now hold up today between the old high area at 7450 and the new parallel , now at 7425 between now and Tokyo and China opening we could see some spectacular gains...it just has to hold up now... Stops for day-traders...
Gold: XAUUSD Dollar weakness Monday has helped Gold to rally some. It should ideally rally a little further early Tuesday to 1281-1283 sell zone as DXY comes back to around 94 and then begins to rally strongly. Looking to short gold at 1281-1283 range if struck, with a stop above 1284, looking for a 20 point decline back to 1263-1260 at least if right and 3...
DXY: Looks like DXY should come back down to 94.28 at least and to 94 at most on Tuesday (well it could spike a few pips lower to test the lower parallel at lowest) before it and all Dollar pairs bottom out and start what should become a very powerful bounce...so get ready to start to building Dollar long positions across all Dollar pairs Tuesday as close to 94...
Pair was stretched away higher from the ma's and fell back to them and then passed through both. Now it is on it's way to the 800 sma. Watch for a retrace on the 15m chart for an entry point. A measured TP can be the distance above the ma's will equal the distance below the ma's. First TP is the measure TP @ 1.1814 and the second TP is the 800 sma @ 1.1746 but my...
**good fundamentals** **rounded bottom forming** **first coin to be added to poloniex in quite some time** **Consolidation period of 2 weeks after market cycle** **hyped and highly requested **
DXY: Dollar Index Update and confirming levels for shorting USDEUR. These two go hand in glove right now. Really helpful for identifying short term USD counter rallies and resistance points.
DXY: Dollar Index - was expecting support to arrive at 96.86 but looks like I"m 6 pips out as low was 96.80. Be careful of small reversal from here as per comment
UKOIL Brent Spot: Like WTI it will hopefully get sold sold off on open in Far East about 10pm Eastern US time - if it does it should present a good buying opportunity at 51.09 for rally to 52.53, then 53.50 - worth setting a buy order up and seeing if it gets struck - and if it doesn't do the ideal and rallies from here and not lower down, it's still worth...
Apple: Should rally up to 163-4 this week coming, at which point it will become vulnerable to profit taking - if we get there...if we do reach this level it's time consider flattening off longs and think about a near term short back to 154
i think its time now. to go down :)
Price @ Bottom Of Daily Channen .382 Tracement of 2nd UP AB SWING Major Pivot Point (marked with BLUE CIRCLE) First Target @ Major Daily Resistance (before UP boundary of the Daily Channel AUD - INTEREST RATE 1.75% SWISS INTEREST RATE -05%
We are in a delicate area for this pair, from here you can start a big raise - related to the NZDUSD in which we expect further falls
Two scenarios: start correction from end of the ABCD pattern or, if lower trend line downward channel hold, the descent to the level of 1.25 (fibo level) and from there upward correction.