I'm long silver as of today, stop under the previous low in the 1h chart. This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here. Even more than a continuation in gold. In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here. We can profit from this Silver rally in...
Similarly to GBPJPY, USDJPY seems to have topped after moving past the vix spike 75% retrace support level. On the daily chart we can observe bearish rgmov signals and on the weekly we can see that price has gone under 123, and failed to produce new highs after testing a quarterly range expansion bar's 50% level. It seems like this is the start of a strong bear...
We finally have a new mode in ETHXBT. The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal. Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it...
On chart we have conflicting signals. It seems that the bears decided to book profits and this ignited a short squeeze rally, or at least that is what logic implies. Considering multiple variables, we can determine with a high degree of certainty that Bitcoin is set to rally off this juncture, as long as it remains above 228.04. We can expect realistically to...
Analysis on chart, we had a bearish trend signal that has been consumed, price hit the target and is starting to reverse. We can attemp buying above the 0.7061 mark if trading futures, or 0.70624 if trading spot forex, with the stop loss at 0.6905 and 0.69087 respectively. Rgmov in the spot chart looks really good, forming new highs, sharply, might be an emerging...
We have an interesting trade setting up in GBPUSD. The time at mode signal points to an intermediate term decline to 1.4222, that can extend to 1.39366. What's interesting about it is that the resistance above very strong and that the signal generates close to the expected Fed rate hike week. I think we might get a fill this week, and if the trade works, it will...
This is the followup to my previous USDCAD chart, where I boldly called the top. It would seem that I was right before and now we have an interesting setup here, with a clear mode, a very low volatility topping formation in price and new lows in rgmov ahead of price. We can place a pending short entry under the weekly pivot and update it on a daily basis (it's...
In this thread I'll study the relationship between the offshore yuan and other FX pairs. We have two signals here, a monthly one aiming at 6.72254, to be reached before August 2016, and a daily one pointing to a very vicious decline towards 6.23893. What's interesting here is that usdcnh seems to be a good leading indicator to trade the Aussie dollar and other...
If we analyze the 4h, daily, weekly and monthly charts, we will find an abundance of reasons to go long EURUSD in this region, to name a few: Dax is moving down, EURUSD normally correlated to it, lagging. Ichimoku cloud support between 1.113-1.103, and lagging line about to bounce from old price Time at mode 4h trend signals' targets about to get hit...
Will update with management cues. Idea was born out of a terminal pattern spotted by Tim West, at his Key Hidden Levels chatroom. Good luck! Ivan.
We have an interesting technical setup in gold, might start moving today with the US GDP news. Anything under 1143.26 is a buy, as long as above 1129.87. Aim for a retest of the high at 1156.65 initially, then for target #2 we can look to take some profits at 1170-1176, and for target #3 we get a lower probability move to 1220.38. You can split the entry in 3...
In this thread I'd like to discuss my current forecast for Argentina's Merval index. Price expanded range down and crossed below the yearly average last week, after the Government was forced to make speculators use the official dollar rate to valuate their assets in the local market, beause of the decline of foreign reserve currency. Instantly many big speculators...
This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal. Currently moving sideways, this pair is in a race to see who eases faster. Will the RBA or the ECB win the race to the bottom? Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it. Good luck, Ivan.
The chart is clear, EURAUD is in an uptrend after completing wave B of a an apparent ZIGZAG correction, which fits the fundamental landscape surrounding the gold and RBA situation, as well as Tim West's time at mode methodology. Buy now with a 2 atr stop, target is lofty but achievable in this timeframe. I'll post scale in opportunities. Good luck!
Based on my lower timeframe analysis and the fact that rgmov has put on a new 2 month high despite price not making higher highs yet, I think this uptrend signal will be valid very soon. I'll enter long here, and let it run, it's worth the risk, even if it's a long shot. As an extra for my pitchfork enthusiast friends, there's a close past the trigger line of that...
This is my time at mode analysis of this pair. Currently kicking off with a strong uptrend off a longterm mode. The horizontal lines map different areas of high volume from the past, which were 'fair value' at one given time. They are magnetic in nature and offer valuable clues as to where price will move, or where price will stop and reverse. In Elliott Wave...
We have a confluence of signals indicating a long is possible from this area. We got: Key hidden levels options expirations support Downtrend signal that probably won't be reached in time. (if not reached = bullish!) RgMov in an uptrend since the inverted head and shoulders in jangseohee's chart formed. Also showing fibonacci levels of support at play. (It...
Just food for thought. We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012. The Pound could start rallying well into 2016 if this forecast isn't invalidated. Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a...