Emrut

Emrut

When we look at XAUUSD 15 min chart, we can see 7 different pattern/formations. From beginning in purple; we can see double bottom and than jump up. Right after that in red; descending triangle forms and than decrease in price. After one and a half day, bear flag forms in yellow. When the bear flag completed, pink cup formation happens and price jumps...

Emrut

DE30 Index completed the reverse head&shoulders formation and now going for the target of this formation. 13230 is the last target for this movement. After that we have to watch carefully if it can break the resistance of 13230. This resistance is coming from May 2018, it tested two times but couldn't break. My probable scenario is to bounce back from the...

Emrut

Last Friday DE30 went up like a rocket. It is very possible to see some bounce back on Monday.

Emrut

We can see the head&Shoulder formation hapenning on Turkish Index 100 (Bist100). Targets of this formation is; - 99840 and than 99110 relatively. Increase in the USD/TRY ratio is approving this formation.

Emrut

Although the USD/JPY ratio is increasing last couple days. RSI is not supporting this increase. It seems that RSI is weakining day by day. This might take the ratio down a little bit. Target would be around 107,2 a new rally may start after this reaction.

Emrut

Turkish stock index BIST 100 seems like forming a reverse head and shoulders formation. Target of this formation is first 88.500 which is the height of shoulder, and than 86.000 which is the height of head. After completing this move, a great opportunity is to buy this index because prior to this correction, prices were around 120.000. For the last 20...

Emrut

Clearly visible RSI divregence (purple trend lines) on Gold's daily chart. This may not be the right time to invest in Gold. Correction has 2 targets initially and these are 1486$ and 1454$ relatively. Due to many people invested on Gold at 1200's and 1300's, once the downtrend will start, these people wouold close their positions and take their profits. As a...

Emrut

We may have missed the beginning of long move but the moves target seems first 0,913 and than with another breakout 0,920. We also should watch the news about the Brexit details. In case of a possible agreement between UK and EU, we can see some steep downtrend as well.

Emrut

There are 2 downtrends to be watched for BTC. First and big one (thick orange line) started on26th of June, this downtrend is still active. Once this trend will be broken, I'm expecting another steep uptrend going higher than 13.000$ Second downtrend started on 6th of August (thick purple line) which is a steeper downtrend. Right now we are about to break this...

Emrut

When we look at the Bitcoin's half hour chart, we can see the reverse pennant formation clearly. Steep fall on August 29th started the bearish pennant formation. After that move, price of BTC seems forming the pennant pattern. Now we are almost ending the formation and getting ready for another steep downtrend. Target of this move is around late 8700's or...

Emrut

Bollinger bands narrowed down for a steep move on S&P 500. Target of this move will be the resistance of decreasing triangle which is around 2905's. MACD blue line is also started to turn upwards for a long sign.

Emrut

Due to short of cash in Turkey, USD is gaining power against TRY day by day. We can see some small corrections to support of chnanel like 5,78 - 5,80 but the trend is going upwards since 5,50's. Uptrending channel will meet with the resistance at the end of August and than we can see some steep movements probably upwards or maybe some corrections. Until than, I...

Emrut

We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this...

Emrut

When we look at the hourly chart it seems that the price of BTC returned from the resistance of downtrend started at 12300 USD. We can see the RSI side which also broke the uptrend. And than moving average line is crossing the bollinger middle band downwards. Last but not the least BTC is losing volume. Volume is the most important indicator on Bitcoin . These...

Emrut

To analyze the values better let’s look at the weekly chart; Weekly graph Downtrending value started in 2007 and still going. GBP has one of the lowest value in last decades. So these times might be a good chance to buy GBP. But for the timing of trade, we have to look closer to the price. Daily graph & double...

Emrut

In daily chart we can see the GBP/USD is forming the 5th double bottom/top movement. This time 1,193 seems like the support line of this movement. After the second dip on support line, uptrend may start towards to downtrend channel’s resistance which is ~1,26 Strategy: trade long on the second dip time. Stop loss will be the just below 1,193 support line....

Emrut

When we look to the 4 hour chart, we can see a head&shoulders pattern is forming. First shoulder started July 17th and ended in July 28th. And than head formation started in July 29th and ended in August 15. Seems like second shoulder has also started in August 15th. We can guess that the second shoulder formation would also take around 11 days as well, and the...

Emrut

Let's start with daily chart; Downtren started in January 2018 still continues. Value tested the resistance 3rd time on July 25th and than steep fall has been started. Now when we come to 2hours chart, we can see steep fall trend line started on July 25th better. Today the price is going up and seems like that it will...