DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The year long triangle is finally reaching its apex, will this sideways action end? Squeeze higher through the upper triangle & 100DMA @$6700 will be first signal of bullish momentum. The cluster of resistance betwenn $7400-$8500 has been capping gains since July, so any break through there would be significant and would likely see a further push to $12000.
After buying every dip to all time high's, last weeks slide puts us back at the January highs & 50DMA. A slide below here this week would be the first time a lower low was put in place since this rally began. Will this dip be bought, or will the inflation report on thursday shift sentiment in the market
Big move off median line support in late september pushed the DXY back to the 38.2% slope & 50% fib retrace which proved strong resistance back in August
After the surge in late September, further gains have been capped by the 200DMA, 365DMA & long-term parallel channel. Support on the downside comes in at ~@$0.44 which is the 61.8% retrace of the move higher, support throughout June, July, August & the 100DMA.
The re-test of previous support (trend line & 61.8% fib retrace) turned resistance provided a key weekly reversal bar and has set up a move to test the 61.8% slope of the pitchfork & 78.6% fib retrace.
Another test of the ~$5900 level and another strong reaction for bitcoin, and a similar pattern as we have now run into the key slope (triangle). Will there be enough momentum to finally cleanly break this pattern? Even with a break, there are a multitude of "key levels" (All "monthly keys" are the most important daily candles in that month) that have proven to ...
Another fail to break the 61.8% slope in this decade long pitchfork formation (also a re-test of previous trend line) has stalled the Euros incredibly bullish surge off the $1.13 level.
A very solid reversal off the level I outlined last outlook and the dxy has quickly moved back below the key 200 Weekly MA. Follow through will expect a test of the median line of the pitchfork & key pivot level @~93.8. NFPs on Friday is key data release, otherwise the usual Trump remarks on Trade or the fed will be what moves the market.
After breaking between 93.8 - 95.5, the $ has pushed into an interesting spot. Taking a parallel off the lows in 2011->2014 we get a slope that has acted as a good pivot in price. Along with the 38.2 slope in the pitchfork there could be some resistance here. Having squeezed through the 50% fib retrace will momentum push us through this spot too?
US inflation data about to come out, with EURUSD breaking through this long term channel support (purple) which has held consistently ever since the breakout in July 2017. Now testing the 50% retrace off 2017-2018 climb & 100% extension off the range in June/July
Following the interest rate decision in which the RBNZ held the rates, they announced they will push back their forecast hike to Q3 2020. The slide broke the low trend line (purple) and 61.8% retrace. Now pushing back to the median line of pitchfork & RSI approaching trend line. Keeping an eye on 50% slope for weekly close. Inflation data tomorrow for US will be ...
This formation has dictated price moves throughout July & caught the low on the 2nd
After a 4th consecutive weekly & monthly drop, gold has reached the 50% retrace off the 2015 low to the 2016/2018 high (using $1366 as the high). This zone has been a good pivot in price throughout 2016 & 2017 and with RSI diverging on this move lower & holding above 30 on latest close, will there be some hope for a bounce in gold?
After breaking the narrow range between the long-term trend line & the 61.8% slope, eurusd looks to be targeting the key purple channel support along with the 50% slope. The rsi is looking messy on this current break, perhaps indicating waning bearish momentum. US PPI on thursday and inflation reports on friday will be the key movers aside from any more trade wars ...
After a panic "crash" off news that a 2nd ETF proposal from the Winklevoss twins was denied, we retested the lower slope in the triangle & April key level. A strong reversal off these levels put in a very strong candle yesterday, and now puts previous highs and 200DMA as the target. Expecting a test today or tomorrow and a breach back above 70 RSI
Guess the insiders who sold $4.1billion worth of stocks saw this one coming.
200DMA and upper slope act as resistance now
After breaking back into "overbought" territory, first time since December, lets look back at other times this has happened. When first learning about RSI, it's normally taught that going above 70 is a good place to start shorting, but that's when momentum is the greatest as shown on the chart. Disregarding the anomalies, the average bullish advance is roughly 40% ...
After rocketing through all the "key" monthly levels & the yearly average, bitcoin is now residing on the long-term pitchfork/triangle slope & 61.8% fib retrace of the May-June decline. Most importantly, bitcoin has finally been able to penetrate the 70 RSI mark, something it failed to do since December 2017. Now people when learning about RSI are taught that ...