Are we nearing the end of the CAD correction? Ready for a next leg up?
Monthly is far from oversold on both stoch and RSI. We had a bearish divergence which is at work now.
The bearish candles are large and solid so it would take a some serious bull power to stop the bear attack, but who knows, maybe this month we will get a first bullish candle or some...
USD had been sideways for about a year and in minor down trend since it reach high on November.
But looking at the long term picture, it seem that an up move is looming for the next 2 years.
Overall sentiment is short on GBP and Bullish on NZD this makes it a great combination to short GBPNZD.
Pattern has been Identified and will enter at the top with a stop loss right around 2.08000
Good Luck!
USDJPY appears to want to continue down
However, we might have some momentum early in the week for a strong dollar. NFP will be out this Friday and it could be negative for the USD
We also might have some negative news coming in from japan on Thursday that could weaken the yen.
I will wait for a break of structure to the down side and then look to short.
Refer to my previous Monthly analysis on January, 2016, We slightly changed in our short term view. red wave 5 of green wave iii of blue wave 1 has not been finished yet and we expect one more upside rally to finish red wave 5.
Once this red wave 5 finished we will see correction in green wave iv towards 40-41 area where we expect that this share placed long...
Spotted 2 supp areas the third one will work i think 80%. its Down trend on every chart 1W,1M! i think it will come to the bottom area where i have marked my TP line. Good day everyone and good luck! hope this will be lucky trade!
Display: FX:AUDJPY
Description: As shown above we have FX:AUDJPY . Currently this pair is
Bullish , Since breaking out of consolidation early March. As explained in the post before this we have 2 scenarios present, There is a possiblity we could close above monthly Resistance 86.40 - 86.70 we would likely wait for a pull back to that zone then LONG to 87.000...
we can easily see the price reaching the limit of a daily bearish channel conditions are in sight, to keep the channel price has a long road ahead, ((effected this movement, this doubt that transferred the super lower cluster ,, and break the channel, the price will have a big fight super top cluster))
Buy around the break of 1.1330 and close position around 1.1450 because there is a strong resistance at 1.1462.
Still need to confirm this but around the 1.1462 zone look for a short sell to 1.1333 - 00 before a long continuation to 1.1583
Company Name: Takung Art Co., Ltd.
Stock Symbol: TKAT Company Website: www.TakungArt.com
Trading at approx $3.60 Per Share (03/29/2016)
Several reasons I like this company. TKAT has a very attractive valuation, fast revenue growth rate, high profit margins and a truly innovative business model. Overall the company appears to be in a great position after...
Is that a rhetorical question? ;)
Even if price retraces to the downside in the near term, I am a Bull over the long-term plus it looks like a bullish Inverse H&S formation which are extremely powerful and reliable even before breaking the neckline as you can clearly see the increasing momentum.
If you trade the Kiwi/CAD then for the long-term look for the exact...
Making the chart again in ETH/XBT this time instead of ETH/EUR. We might be looking at a classic example of elliot wave theory. Interesting to see how this plays out.
Reasons for
-Daily we have Had a nice up move now we have had a to a key level at 1.0000
-Also we have had 3 Dojis in a row
-Showing obvious Rejection from our key area at 1.0000
-On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level
-Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
Reasons for
-Firstly we have broken key trend line
-We have had an area of consolidation
-And now we are getting a impulse move to the downside
-We also broke constructive structure !
-So selling the impulse to the downside would be a good idea !
-Previous four hour candle was a engulfing that took out Almost a day worth of Price action !
-Altho this is a...
![AUDJPY: AUDJPY - [LONG] Second Scenario](https://s3.tradingview.com/3/3EjMDAEc_mid.png "AUDJPY - [LONG] Second Scenario")
