Let’s summarize the previous week. It began with the G20 summit outcome announcement, namely, Trump and discussed possible resolutions to the trade war that's dragged on between the world's two largest economies. The OPEC extends production cuts for 9 months, The non-farm payroll (NFP) released surprisingly positive figures in its report. But to say that,...
Prices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high.
Main Items we can see on the 4HS chart:
a)Using Elliott Wave Theory we can conclude that if we had ABC ( Bearish Movement) / ABC (Current Bullish Movement). Now we can expect a 12345 bearish movement following the idea of a Flat Correction
b)On every timeframe starting on the Weekly Chart we can see Divergences on MACD, (this kind of Signal is possibly showing...
Price Action (Technical Analysis):
(4H Time Frame) Following up our Mark Up phase completing at a key level of resistance, price is consolidating, as price is not breaking higher highs after 3 Impulsive Waves. We tend to anticipate a Seller momentum breakout as price is accumulating right above our Golden Fibonacci Level giving us more reason to anticipate a...
Directionless Trading to Continue into the G-20 Summit Weekend
With the interest rate cut hopes drying up, a trade war resolution is the next best thing to boost the markets. Until then, it would likely be a directionless, choppy trading in a tight range.
The chart shows the trading plans indicated for today by our models (for further details, please check our...
After a retest of the resistance zone that carries the high of the year and the all-times high as well, US markets are subjected to selling pressure. Volatility is to be expected at the end of the week with US major news like the initial jobless claim, the GDP annualized or the G20 meeting. NAS100 and its correlated pairs are likely to move to the support zone...
The last week was not that calm. The Fed on Wednesday it clear that they are ready to reduce the interest rate. Some of the analysts are predicting the dollar falls in the near future by 5 - 10 %. So, we are looking for dollar selling points this week.
On Friday the ruble buyers experienced an unpleasant moment when the ruble literary has collapsed and lost 1 %...
Since we have G20 and the OPEC meeting next week, I wanted to take look at the dollar during the last 10 G20 summits. The dollar's strength during this time could shed some light on those of us who trade the majors.
The DOW is nearing a new All Time High.
The Market needs 235 points give or take.
G20 will most likely Make or Break this pattern.
I personally think Q3 2019 will be painful.
THIS IS NOT INVESTMENT ADVICE, THIS IS JUST MY OPINION.
I think EURUSD will rise to the inverse head and shoulder neckline for a short upwards rally and then going back to the downtrend. For longterm prospect on the price of EURUSD we will have to watch for the actions of federal reserve chair powell, and as well the upcoming G20 summit on trade talks with both China and the EU.
Trade set up
Tactically buyers of NZDUSD can position to enter a buy trade either after a closing break of resistance 0.6883 (16 November high), or after a retracement and retest of the top of the bullish flag pattern around 0.6790. A break out of the flag pattern has given us the confidence to trade this from the long side. We are targeting 0.7100 in weeks,...
- G20 summit (markets been pumped prior to that event - dump on event)
- CME futures expire
- FED reduction
- 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event)
- notice very strong trend channel of entire correction since 6300$
- two gann fans supporting possible outcomes
- RSI bearish divergences
Consider the Data Difference between the first 15m of this Tradingview H4 Candle + Other Exchanges / Charts.
Price Trading below the 200 Hour EMA
Printing our 5th bearish H1 Candle as of right now
Order Book seems "balanced"
Expecting further profit taking to occur as investors move Cryptocurrency into Fiat Dollars with G7/G20 upcoming
If you like unbiased...
It is pretty nervous these days isn't it? So we will try to show you where we are and why it is not that bad as it looks.
Many of you complain about current situation but remember that patience and persistance are as much valued in this game as analysis and reflex.
First of all we decided to draw long-term support...
A wedge breakout, a descending trend line, Elliot waves theory, It all lines up. Bitcoin is going to 10k. Bitcoin has formed a descending trend line and has been kissing it about once a month. With it being 15 days since Bitcoin has toughed the trend line it is likely for Bitcoin to pump back up to 10k to touch the trend line. In January we saw bitcoin go through...
LTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500.
The following conditions have been met for the symmetrical triangle.
1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3...
Still believe brother!
This is an update on my previous G20 LTC chart,
We are following G20 and so far so good, Financial regulators of G20 reject efforts to regulate Bitcoin and other cryptocurrencies as of now, rumors has it.
If this is true, i believe we'll reach $180 by then. I will follow on the progress and see volume, read news do FA research to combine...