The EUR/GBP pair is currently in a downtrend in the 4-H chart making lower lows and lower highs.
It is currently consolidating below the critical resistance 0.87940.
Hence we expect the pair to be bearish for the short term.
* Short term (Few hours-26/08, including Sunday weekly closing candle and Monday reaction):
- We are right below the 4h and 1h clouds testing, also right below the sma200 - all this at the 10100-1215 zone, rejection will cause pull down below the symmetrical triangle which will mean that we are going to test the 9080-9480 again..
- Succeeding in overcome the 1h...
The counter is in a strong bearish trend making lower highs and lower lows consistently.
The recent surge in the counter can be attributed to a bearish flag pattern.
Now, the counter is in a confluence of resistance points - flag and trendline resistance.
Also, the RSI indicator lurking below the overbought zone.
Hence, we expect the pair to move down from here.
Crude oil ended its near-term bull cycle at the highs of $60.
It completed it 5-waves and also its wave a and b in the corrective structure.
Now the wave c which was on the cards has come to play with the formation of evening star pattern at the critical resistance.
Hence, we expect the oil counter to move down to the mark of 57.08.
Nike rebounded from a steep sell-off, to gap and run up. The support for the rebound is prior months’ highs. Stock indicators turned positive. However, resistance is stronger against the rebound candlestick pattern.
This market is full of uncertainty. It runs around looking for stimulus after the "trade talk progress" no longer makes it happy inside. It needs answers to the bad data, the contradictions found between fact and fiction; facts of economic slowdown coupled with the fictional, false narrative that the economy is strong. Market needs a strong daddy.
I expect more...
GBPCHF is back at price levels which previously provided strong resistance. This area is also near a round price level 1.3100.
This combined with the upcoming Non Farm Payroll for Switzerland coming out within a week, promises plenty of price action movement. RSI is also indicating pair is close to being oversold (was already but crept back under).
DNA has shown immense growth since 24th Dec.
0.050 --> 0.098
Showing strong resistance performance at 0.095, and a solid resistance at 0.084 on 28th Dec.
RSI still above 35
Volume is extremely attractive 40m+
There is a lot of indication that the price is way overvalued, great time to short.
Stop Loss: 0.090
It's dangerous to be in alts, until Bitcoin has decided on the direction of the move, a recommendation to close all active short-term and medium-term deals. You can only keep long-term assets that have been severely declined.
On a small scale, you can see the possibility of a rollback of the last growth: if local support does not keep market pressure, then we will decrease to levels of 6000 and possibly 5880. If the asset manages to enter the resistance range, which at the moment looks like a pretty strong barrier, its upper edge (6640) will make it possible to grow to higher levels.
Bitcoin broke out of a strong downtrend line and is attempting to start a breakout. However, it still has to break out of the ascending triangle and the 11.7k resistance level within the next day or so. If it does, Bitcoin could see a pump to the 13k region or more. If it does not, Bitcoin will likely test the 10.8k region and likely the 9k region.
On April 11, 2017, the Delta Airlines (DAL) 20 day moving average (DMA) crossed below its 150 DMA. Historically this has occurred 9 times and the stock drops a minimum of 4.371%. It has a median loss of 11.715% and maximum loss of 42.018% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at...