One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...
Square, NYSE:SQ, hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL, NYSE:V, NYSE:MA, and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of...
We expect to see CHF continue its pattern.
CHF should see significant and reliable strength starting late this week.
CHF/XXX = / bullish
XXX/CHF =\ bearish
*Generally, (XXX) matters just as much!
Also as we see AUD, USD, CAD, potentially GBP weakness
CHF and these pairs would make good potential trades.
Next few weeks:
Bullish: CHF, JXY (JPY)(LongTerm),...
Monthly chart of Dollar index suggesting further upside. DXY bounced off 0.5 Fib with precision, broke 0.382 and now closed above 0.236 with a strong weekly candle. Retest of 102-103.5 is imminent in my view.
* Consider US stock market topping behavior as of late, strong dollar would push stocks and commodities under more pressure.
Although this is temporary...
as shown in the chart, after the topping early this month, Ltc has steadily recovered its loss, with a clear horizontal support around 29. In contrast, other popular cyrptos, like ETH, BTC , were severely battered by bears. Trading volume of LTC appeared active, which is good sign in this bear market.
Should cyrptos rebound in February , It's very possible that...
This coin is finally showing some strength after losing almost all of its gains over the last months,
Yesterday we had a big upward movement, The value has dropped down as expected and finding support at fib retracement.
RSI is turning up, TD sequential is starting to show upward momentum coming.
Measuring off of the last upward move and the retracement - 1st...
AUDUSD TRADE UPDATE
Okay so last week I had done analysis on the AUDUSD currency pair for a potential long opportunity. The market had showed me that this was a potential opportunity because on the daily timeframe the market failed to make a new low and that was followed by a strong momentum buyer strength. It had also broken structure on the 4H timeframe and...
We are now seeing strength come in on the AUDJPY pair. Still need one more confirmation before entering on a retrace. I would love to see sellers abandoning this pair at it's key levels so we can enter with high probability on a retrace.
As usual detailed explanation of the analysis can be seen on Youtube.
GBPUSD POTENTIAL SHORT
I had recently became aware that across the board the GBP currency dominant pairs had seen a sharp, heavy volume seller interest across the board. When we see correlation in the market it shows us that there is interest globally in that specific currency and in this case its displaying interest in a short for the GBP. I had seen that...
Again, as per my forecast of Sept. 3rd, URBN could go long up to resistance area highlithed.
Buy at market open and TP from 47.72 to 48.50.
Stochastic is supporting this idea and SCTR is high enough for a buy.
The overall market did not do so well today. Netflix, Apple and other large tech companies experienced significant sell-offs today as well. Despite all the red across the tech board, IBM managed not only to stay positive, but it has experience some significant buying pressure. IBM is also very close to the 200 sma and is making higher lows towards it on relatively...
This was the sequence I was waiting for all week.
Bears reclaim control with strength, the move slices through the entire zone, THEN price stalls....it's a beautiful thing.
Please refer back to the attached ideas/charts from earlier this week, you'll see my commentary. Specifically, it's the strength of the move through the level that put this pair back into...
*This chart is displaying that this pair is in overall downtrend
*When retesting structure the seller showed a strong interest for this pair
*Heavy seller strength came in resulting in a lower-low lower close on 4H candle (bearish engulfing
*This pair had come into structure on the 1H and been SLAMMED down by the...
EURUSD POTENTIAL SHORT
*On the daily time frame price had broke/breached recent significant structure around the 1.15300/1.15500
*The 1D chart is in a seller trend
*Strong and healthy momentum by the sellers to the downside
*4H chart is in an overall downtrend
*This chart will give us a good idea if price comes into significant structure,...