week

Next week will be decisive for AU to continue as the huge weekly hammer predicted three weeks ago. Because the same hammer also formed a double bottom we would tend to feel secure about our bullish choice. However, this was exactly what happened back in June and the same outcome could follow again, and back then we also had UJ seasonality to back up as ...

BTC wants to go to overbought again on weekly timeframe. It would be ultra weird if not. Weekly stoch RSI has not been on overbought since a very long time, probably the longest time in BTC history. It needs to be overbought again on weekly, so that it can prepare for the next dump, which hopefully will be the final one. At least there is a high probability it ...

As we see the long wick from the week of Dec 31st, it shows strong support for a long on USDJPY. In addition, the momentum of USDJPY's long is rallying up.

In spite of all the major banks forecasting higher EURUSD rate for 2019, I believe there is more risk in the eurozone than in US. Namely: - Eurozone industrial production falling - Germany close to technical recession - Brexit, EU parliamentary vote - Mario Draghi admitting eurozone growth slowing down -> rate hike far away. Technicals: -Weekly 61.8 support - ...

Weekly trend lines starting to make sense now. It wasn't until the recent drop from 5.5k down that the overall trend became very bearish. Bullish sentiment was plenty at 6k despite a large correction. I drew my trend lines through the bodies of noisy events, gfy and ur wicks. Point where price broke down from 5.5k and where price failed to hold above 4k in ...

The main chart represents the EURNZD weekly chart where it shows that the price has been stuck in a range. The red horizontal support and resistance are the crucial nearby levels that needs to be broken for the pair to start a new or continue the old trend cycle. Depends on what level is broken first then and only then it is advisable to trade this pair LONG OR ...

These forecasts are based on interesting patterns found in Weekly charts , i will be updating such forecasts on different pairs after weekly candle close on sighting of opportunity , Please like share n follow me for updated trades during the week

Hello to all, this is my first chart that I share and I would like to share my thoughts on the DJI index. The trendline is drawn starting by the lows of the 2008 bear market and I also use the 200MA indicator. Chart is in the log scale and the timeframe is weekly.

Interesting confluence here as I've noticed that the 4hr chart has a bearflag with a long enough pole that the exact drop target would be almost identical to where the weekly charts 200ma is currently residing in the lower 3.2ks. We all know the weekly 200ma provided the ultimate support for out last big bounce around this region...and it also has a high ...

Numbers elliot wave points everything random, this is just round estimate because do not know much about detailed charts. But to me it is building 1st wave on monthly chart, getting ready for 3rd wave on weekly, daily I think we just did dump :) Professional will know better, I save these patterns for me to look up later and to see how btc going to be shaped from ...

We have followed the recent lower high with a lower low putting the bears fully in control after hitting my last ideas drop target with exact precision...we have seen a decent bounce since hitting the target but probability highly favors this as nothing more than a dead cat bounce. There is a possibility of forming a lower high here but I don't see much more being ...

EURAUD at the moment is providing us with both a swing and day trading opportunity which is still developing and might be complete soon. After hitting the strong crucial resistance of 1.63500 level not once but twice in a span of months the pair seemed to be headed towards the next support level that lies in the region of 1.55000. Have a look at the main chart ...

Buy on the break and retest of the bullish flag formation

The reason why we believe this pair is bullish Strong weekly zone rejection and Daily strong bullish candle Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes. We will be looking for a pullback and an engulfing bullish candle to confirm our entry. We will keep ...

Hi everyone, this chart is by no means original, but still a fascinating development to me, and I'm sure some of you have seen already. The SPX weekly closed yesterday above its 200-day moving average, considered a major support between a possible counter-trend or a complete collapse in the price. This is positive news for bulls out there, as this could be the ...

28.12.2018 @ 4:22PM Marked out where price may in the future move too.. I dont see price breaking the 1.14858 mark and making a new high. This train of thought is influenced by the fact that the economic outlook is rather bearish on the EURO but also the fact that we are touching a downward trend-line influenced on the weekly charts. There is clear resistance ...

I expecting the EURUSD to take a tumble down to around the 1.105 mark over the first quarter of the new year.. possibly not until April.. Will be watching closely for shorting opportunities over the coming months

This is my analysis on AUD/JPY As you can see, this pair broke the daily trendline which now is a support trendline instead of resistance. This pair is at a crucial and major support region right, it should go up really quick. It recently sligthly broke the Monthly Trendline, but jumped up again quick, this is why it think this was a false movement (fake out) ...