As the trade war between the United States and China de-escalates the USD is trading bullish against the Japanese Yen. The pair has been seeing gains since the beginning of September and is currently trading at approximately 108. Last week the worlds two largest economies announced that they will resume high level negotiation talks in early October.
Next week we...
The Euro has been on a steady decline against the USD since mid-February of 2018. The pair has reached a new low of 2019 on September 3rd at 1.09259 and then rallied on Dollar weakness following worse than expected ISM Manufacturing.
On a 4HTF, we have a strong bearish candle that engulfed all of yesterday. This is following a TK cross to the downside. The Chikou...
On a Daily TF we see the price has stalled at the local 61.8% Fibo around 107.345 which is at the same level as the bottom of the Ichimoku Cloud.
On a 4HTF the pair is showing a slight retracement. We have to keep our eye out on news Headlines about the trade war if we want to trade pairs with the USD.
As a result:
If the price breaks this 61.8%...
DTF – Price broke local trend line up. Price is attempting to breach the Ichimoku Cloud. The Base Line and Conversion Line are intertwined.
4HTF the bias is Bullish. We may see a retracement with target areas at 23.6% Fibo 1.22829 , following that 38.2% Fibo 1.22209 and then our 50% Fibo which is close to our Base line at 1.21707 .
For further movement u...
Today we had the release of the anticipated US Non-farm payrolls. The forecast was slightly above the previous fact at 160K. Investors had mixed signals from previous reports, such as the ADT NFP rose by 195K in August, but on the other hand the ISM indicator showed a regression in employment activity.
Looking at a 1H TF on USD CHF we see that traders were more...
another cycle of "sell in May and go away" with Sept / Oct being the worst of the returns that make this axiom a solid and trustworthy one. Ichimoku Cloud and RSI divergences support this idea too.
Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely.
Going into the autumn seasons when traders...
More consolidation happening at the resistance, forming the bullish gartley and the bullish pennant flag pattern. More concern is focused on
the bearish divergence which i talked about. We still need to keep an eye on the near support level at $5800 down to $5676.
On the daily time frame, the ichimoku cloud metric(default settings) is calling for a pull back to...
XRP looking good on all timeframes, RSI is up need volume to push the price up, Ichimoku aligning nicely, should be a bit of a run, I'm long this evening
Hello folks! I did a small demo of the Ichimoku cloud in my analysis today. Hope you guys enjoy and learn something! Below is a post I wrote up of how I think the next bull run will start.
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The formula for the next bull run:
1. Make exchanges safer for investors
2. Regulation needs to come in
3. Strong catalyst such as starting ETFs or...
My views on the Dow from an Ichimoku perspective.
EDIT: **I mentioned the span B was devised from last 26-periods. This was an error, it is the last 52 periods.**
Hi everyone, here’s another late overview of what I’m looking at on the charts. Person the exhaustion, I’m still getting used to these night shifts.
BTC-USD Coinbase | BTC continues to find equilibrium and is finding trouble breaking above 9700, but if the RSI cools off on most timeframes then we can see a climb to around 10100 where I expect a new equilibrium...
Hey guys, I wanted to get a video out today, despite the technical problems earlier. I just wouldn't be able to sleep tonight if I left you guys hanging! Here's a highly condensed version of what I recorded earlier, and I'll elaborate on it all as we move forward. You can ask me questions as well, of course. I'll provide relevant links in my status updates ;)
I quickly look at the risk potential going into tomorrow markets. I am 98% Cash with a small position in CVX calls. I am also not trading tomorrow. I see lots of potential downside risk.
Here's a quick video on my perspective of Ethereum Classic (ETC). I'm new to Elliott waves and video-making so apologies if I'm unclear about my definitions and I know I butchered the history behind the DAO and the fork.
For the coming weeks, I expect ETC to complete its correctional wave before seeing continuation to the downside before finally entering a...
