BITCOIN BTCUSD Still grinding away towards this weekend's target at 2137-2140. Looks so strong now it's back in the main parallel
UKOIL: Brent Crude Spot: continues to grind higher towards likely upside target at $55
GOLD currently trading at a Key resistance and has previously made higher highs from failing to eliminate previous lows to continue down to 1200s, as the dollar makes lower highs looking for XAUUSD to proceed to a target of 1260, 1300s before coming back to retest its low. Look below for DXY outlook.
Drew an ugly Cup/Handle in light blue, Nice breakout from the red down trendline. Daily stoch turning back up. And winter is here ;)
Facebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls. Lets look at the daily time frame. Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98. Adding confluence there is also a bullish cypher...
bullish.still long...
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
After breakout of monthly high this pair consolidating first time so short term downside momentum possible at least to test broken monthly high. If that one fails next stronger support can be see at daily trend line 2015/09/29 low and 201510/30 low. Setup invalidates if recent consolidation will be broken.
The USDJPY has multiple times had trouble with the pink resistance level but broke through it yesterday and is now coming down to retest it once again! We look to long it when it comes back down into the 121.4s as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows (indicated by grey triangles). Other confluences...
The GBPNZD has multiple times had trouble with the purple box but has recently broken through it and is now coming down to retest it once again! We look to long it when it comes back into the 2.3s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. Other confluences are the .382 fib retracement, the...
The GBPCHF has multiple times bounced from the grey box but is now ready for a second retest. We look to long it when it comes back down into the 1.509s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. We can also see that we have confluence at this area as there are 2 fibonacci levels coming together...
We will see this Pair going very higher the next months... till 1.17000
We think 1120 may hold this GOLD prices and continue higher
Hi Traders, The RSI on the USDOLLAR 4hr broke out the trendline which held the last 3 highs. This gives us the alert that USDOLLAR MIGHT go higher from here, which means that currencies against the USD will go down if USDOLLAR really gets pace here. Also, my long term USDOLLAR is bullish which gives me a better view. Thank you for looking! Thiago...
The Doji marks the bottom of todays trading. Up, up and away gold soars. Expect a higher RSI than the last peak. $1202 is my target. The doji at the bottom on 6/5 saw Gold rise by $30 soon after. Good Luck