NXT is looking to make a decision. We should see a bounce off of .000021 and a test of the down trend channel in the next 24 hours.
Could be a good consolidation support for a reversal.
Bitcoin: BTCUSD So far every move it makes is positive, still. To stay that way and support the next phase lift-off it must continue to hold the line...
USOIL: WTI The chart pattern is still negative but WTI is putting up a fight here at critical support levels - but it's likely to break down further soon
XAUUSD: Gold Friday was a very special day for XAUUSD: it broke above a six year long down-trend that's been in play ever since the high was reached in 2011. All it has to do on Monday is hold above that line and not get sold off - gold should then rally to 1301-4 range. But it also looks as if it could well push higher by about $90 or 7% from here once it's...
BITCOIN: BTCUSD Testing key near term reistabce at 2595 with an intraday high right on the nail. Now consolidating again. Trigger for next long is a move above 2600 for re-test of highs at 2752
Dow Jones industrials and commodities have a long term inverse relationship shown - very sketchily - on this 110 year chart of Dow. Sorry about hand-drawn CRB index - no data on Tradingview pre 1994. Shorter term 10 year study to follow
DXY: The dollar index has slipped into near term neutral as markets decide the next break. When it makes up its mind the move should be followed on USDEUR
USDEUR: USD in short term neutral, consolidating losses in a continuation pattern that signals more weakness to come. Trips and triggers for day-traders and swing traders
USDEUR: Today has seen a key day turnaround with massive dollar failure at highs marked by mass of heavy bear engulfing red candles: this is heavy rejection, no messing. This price action heralds the beginning of the next dollar down-wave. Catch it fast. Two shorts, from here to 0.8874 and from 0.8863 to 0.8807.
BITCOIN: Bears can't win yet until they can break 2225-2215 and then 2180 below there. But neither can the bulls unless they can take 2350 out. One way or another, if you're patient enough, this is going to break and if it happens to be to the upside it should be worth following
USDEUR: The dollar is looking perkier today, but has some serious overhead resistance to deal with still. Once it can break above here it should open the way for the next worthwhile long $ trade
UKOIL: Brent Crude - Brent has moved to within 1 pip of the next upside target at 54.60 and is consolidating recent gains. So long as it holds up off the lower parallel the uptrend remains strong and there should be more to come in near term up to 55.15 and potentially higher still as per comment. So stay with it but be ready to short from higher up tomorrow if we...
DXY: Dollar Index DXY has just hit the target at 97.43 and has come off since but still looks OK to buy at these lower levels again around 97.33 and so long as it doesn't come back below 97.29 (stop for longs) it should go on to break above 97.43 - 0r you can wait and once it gets above 97.45 go long again for next burst of USD strength, as per last DXY comment....
DXY: Dollar Index Approaching the target at 97.43. Get ready to close out all USD longs to lock in maximum profits as 97.43 is tested - but be ready to go long again for second burst of $ strength as per comment
WTI: USOIL Pushing up against resistance again so am locking in profit - it still looks strong - but you never know - so am locking in now and looking to go long again 15 or so higher once overhead resistance is cleared
