Today I will stay neutral; everything will depend on the elections. The trendline doesn't seem solid to me but it could act a bit on the price. Let's see how it develops!
USDJPY has formed a base just below monthly support around 100.052, recent price action would suggest that the pair is in early stages of reversal as a key trend line has also been broken. Price is currently testing monthly resistance at 106.131 a break of this level and we can potentially see this pair reach highs of 111.207 in the not too distance future.
I GUESS ALL TARGETS SEEN. IF GOES AGAIN THAT HIGH LEVEL SHORT LIKE NO TOMORROW FORMATION WILL BEGIN. HELL YAA.. LONG LONG TERM TOP IN PLACE I GUESS... WHEN RSI CRACK THE TREND IT WILL CRASH...
Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation.
Depending on when the D point hits, I have given both options for the C measurement on the graph.
They are differentiated by color:
Green = C:1.618
Blue = C:2.24
Also, I have high lighted in red where the...
If trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term...
Wait until this candle close. If it close bearish candlestick id like to say that will start melt. Otherwise we can see if it through the resistance level
After Trump election, XAUUSD Gold could rise up to 1375-80.
It has more fundamental reasons then TA.
For any questions, leave a comment. Thxs.
DXY could be short for this time.
MJNA did not perform this week like I expected it to. Admittedly I was one of those guys who thought we'd see 40 or 50 cents by now, but I will still be holding my shares hoping that in the next few weeks we can see some major moves being made with the stock.
Something that I think a lot of people are forgetting on social media is that Trump will be GREAT for...
There had been several models strongly pointing to a win of Donald Trump, as I had shared already 9 days ago:
www.tradingview.com
Currently we are now in a wide and wild trading range where anything can happen the next days.
American are still ongoing presidential, but judging from those that are temporary results Trump appears to be in the lead.
The US stock markets price the news with breakout of important levels of short-term support.
Analyzing the NASDAQ, we can witness the breaking of the support area in 4680-4700, an important area for the mid-term trading and the maximum year...
Potential #DemoBallers Harry Potter set up. U.S Elections will probably screw up the set up but what ever. Set up hasn't completed yet so will reanalyze after elections.
#DEMOBallers
I am switching my USDOLLAR bias from bearish to bullish for now. As we know November is a seasonably bullish USDOLLAR month especially against the Euro. The USDOLLAR Index has support right now and we're seeing gold sell off from the major $1300 area, which agrees with this. Clinton is currently leading the polls and odds are showing a pretty surefire win, which...
The AUD/USD shows clearly what are the key areas to be monitored. In previous octaves we saw resistance at 0.7700 always reject prices force. Despite all ,the market continues to be purchased every time prices from attempting a new descent, going to bounce on the long-term dynamic support.
It is important to watch what will happen with the US elections, as a...
Buying Opportunity - It broke through the 23.6% Fibonacci Line and its heading towards a Long term trend line and if it doesn't breakthrough set up an order for a buy.
Take note - Due to the whole situation with the US election, keep an eye on it with great focus.
