British Pound and the USD on parity? It could well be happening in the longterm as a big picture 3 wave structure to the downside stays in tact. The key levelis highlighted in blue. Should we break under this support we will have further confirmation that this setup can well play us. It will defenitly interesting to watch this pair over the next couple of session...
EURGBP Emerging Price Pattern.
EURGBP price is consolidating in this tight and tightening parabolic support/resistance line formation. Price has been very consistent bouncing between the flanks of the sterling salmon.
This pattern, as you can imagine, is not a common pattern and it is not clear whether it will be yanked up with the fisherman or flounder down...
Bitcoin Sunday Update
Nothing has happened over the last 24 hours of trading to
improve the technical picture - after breaking the bear flag
formation all remaining longs closed out and those day traders
who then sold did well from the highs of the new day at the
9900-9917 range. Since then it's carried on drifting lower, still
falling away out lack of...
Bitcoin: BTCUSD Update into the Weekend:Scenarios
The battle continues and finally the bears have made an impression on the upper parallel, pushing price down to 7800,
where pin bars from earlier show some demand (not shown on chart, but significant to the very near term now). There is no
winner yet, though. It can move sideways from here, meeting demand off the...
Bitcoin: BTCUSD Bigger Picture and Clean Chart
We are long from 3 buy points today:
!st was the break and hold above key resistance at 6950
(after closing out a 230 point gain as this level was hit and then
losing 50 points on the ensuing short from the same level)
2nd on first touch of the lower parallel at 7090 (stop 50 points lower)
3rd on the break above...
take a look at gbp usd here ...looking for a push lower to enter a short in direction of the bigger picture
rsi divergence in play as well ..could be a good confirmation
waiting for a break n close to enter
This is how I see LTC panning out in the next few days.
Unless we get some news from Coinbase or more miner manipulation, we can expect a rise from around 0.0088 to 0.009 as entry.
Not sure about TP yet.
The pair was supported in 1.03200 area, where we can find a strong demand zone. Even though upside move is expected since the AUDNZD 0.15% is oversold, we can see a major support line becoming resistance all the way back from December 2005 lows. On the other side, many support lines and fibos are covering our last bounce area, so if the pair should continue and...
ANOTHER POST TO SUPPORT MY PREVIOUS BIAS ON GBPUSD AND THIS BREXIT AND HOW ITS PAINTING THE PICTURE BEFOREHAND
GBPUSD LOOKING SET TO MAKE LOWER LOWS AND ULTIMATELY SHOOT ENGLAND IN TO A RECESSION
PRICE HOLDING FIRM BELOW 1.4710 WITH WEAKNESS AND MACD DIVERGENCE
1.35000 WILL BE THE FIRST TARGET
Looking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top.
If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD.
If price breaks through the upper trend line, higher...
At the beginning of the 2008 while the sub prime crisis start to be feared by all the wheat touched peaked, since then until mid 2010 the price dis-inflated severely (lost around 65% at the time from the $1320’s to a very better $480’s the contract.
But as the recovery geared traction from 2010 it reduced the lost of price more than half when made at end of 2012...