DXY Dollar Index DXY has rallied from lowest blue line (just out in fact, but close, considering how far it has fallen now) and rallied to the next line pretty much spot-on. So it's now vulnerable again at this point....it has to push up through this next line right here at 89.42 and hold above here for the dollar to go up any more and therefore for EUR and...
Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple,...
As we head towards the middle of December we see that the USD/JPY is experiencing possible trend exhaustion as the last 8 hours of Friday's markets ended with a strong bearish dip. Keeping a close eye on everything JPY at the minute as it seems like the pair is creating some extremely interesting volatility. My overall bias is for the USD to lose strength against...
ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes. Potentially more sideways price action today, coiling inside of the triangle for a breakout. Levels to watch: Fib 0.5% level: $272 Psychological level:...
BTCUSD possible death cross forming as traders take profit going into the new week. Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7200 to a swing low of the $5800 range, a potential play ahead of the fork could bring high...
Entering in a short position at EURUSD after rectangle break. A pullback is expected, so we are entering at 1,16238. I am not closing the trade at 1,1500, it is just a minimum profit for the trade. I expect to follow the break of the daily H&S.
DOWG: Dow Global This index is extremely useful as confirmation/back-up for all other major market trades as it's so free of false signals compared to Nasdaq for example. It's just tested and bounced from near term support at 2950 today. Whilst above here major markets across the world will remain positive. It's that simple on this index. That's why it's so damn...
The price action broke the channel here. Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel. We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.
USDSGD LONG term (major trendline breakout+reversal pattern+61.8% fib rejection)
USDSGD LONG term (major trendline breakout+reversal pattern+ 61.8% fib rejection)
So, the eurusd is making a higher high and higher low sequence in the short-term. Structure wise we expect the market to test the 1.1150 levels before the weekly downtrend could resume. If the market breaks below 1.07775 we wouldn’t be looking for more upside anymore. The reason for that are intermarket relations, structure and correlations reasons. We don’t want...
Bitcoin is caught in a major battle now between Bull and Bear with Bulls looking favourites to win in the end - so long as 1689-1679 can continue to be defended at all costs.
Stochastic overbought on the daily. Trend has reached a strong resistance zone. If the trend continues to move up and passes the box consider the harmonic pattern invalid. Wait for your sell signal. Always use risk management. :)
EURCHF SHORT term Major trendline Rejection
USDCAD SHORT term MAJOR trendline Rejection expected Wait for a good risk reward
GBPNZD SHORT term major Resistance rejection & harmonic pattern
Failure at 1.0767 earlier today followed by a drop below 1.0739 (previous session’s low) adds credence to the failed bullish inverted head and shoulder breakout and a bearish break from the rising channel and has opened doors for a sell-off to 50-DMA support seen at 1.0676. On the higher side, only a daily close above 1.0828 would abort bearish move.