FoxTrading-Official

FoxTrading-Official

It's often a good idea to take some height and look at the market in a longer perspective. One of the unique strength of the Ichimoku System is the ability to easily do multi-timeframe analysis with a really strong level of precision. So let's just do that today with the BTCUSD. Looking at the Monthly chart here, we can see how strong was the level of resistance...

FoxTrading-Official

ETHUSD is trying to break its Daily KS. We will have to wait today closing for a confirmation. In that case, the next targets and level of resistance are formed by the Daily and then Weekly KS above. You can ask me in the comment below for my view on a specific pair, indices, stock, crypto. I'll try to oblige if times permit , but no promises ;) Glossary : TS...

FoxTrading-Official

BTC, the price is still between the Monthly KS and the Daily KS = Neutral. Breaking the DLY KS at @ 38730 will be positive signal for the Bitcoin. Next level of resistance are marked by the Daily KS in extension above (blue dotted lines). The Monthly KS is still a strong support level. You can ask me in the comment below for my view on a specific pair,...

FoxTrading-Official Updated 

GBPUSD is breaking two Kijun levels, the Daily KS and the Weekly KS (green line). The Lagging Span (orange circle) still has to cross a Weekly KS level as well. On confirmation, next logical target will be the recent high at 1.3750. GBP pairs in general have a strong potential for a durable bullish trend. Tomorrow BOE monetary policy, expect volatility. ...

FoxTrading-Official

DXY, after 3 red candles of correction, the price is bouncing on the double support formed by the Monthly and Daily Kijun Sen. The Lagging Span will confirm the rally by breaking it's Kijun Sen, along with the price that will also break the same level. Next potential target zone, formed by the MLY Kijun Sen and the previous high, marked by the green box on this...

FoxTrading-Official Updated 

After reaching a Monthly Kijun Sen level, the DXY we can expect a correction phase for this week. That would mean that all pairs in USD could be affected by a weaker US Dollar on the short term at least. Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit...

FoxTrading-Official Updated 

EURUSD is still bearish on the WLY Timeframe. Last week the price closed at the level of a previous Kijun Sen Weekly in extension, thanks to Ichimoku you can really spot this levels that otherwise would look like the price stoped in the middle of nowhere.. Now this level is worked and with a weaker DXY (see ) we're probably looking at some correction, maybe to...

FoxTrading-Official Updated 

Following the DXY analysis (), the Lagging Span is a it's SSB level on the Weekly Timeframe. If the Lagging Span is refused to pass, a correction to the Weekly TS or KS is likely. A breaking of that level and after confirmation, the next Target would be the Monthly KS as marked on the chart. Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging...

FoxTrading-Official

CHFJPY is still bullish based on the Ichimoku analysis. On this Weekly chart we can clearly see that the Cloud is still uptrending and the Lagging Span is well above the price. The price have been retracing last week and could retrace up to the Weekly Kijun Sen, from which we can expect a bounce to the upside to resume the overall uptrend. If the market breaks...

FoxTrading-Official

WTIUSD, Price are close to a major resistance level formed by a Monthly SSB in extension. OPEC Inventories this Wednesday, reaction is to be expected. Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF =...

FoxTrading-Official

The BTC closed the week with a Hammer above the Weekly Kijun Sen, it's always an important level. This week will confirm if this reversal candle is confirmed or not. ETHUSD has the same configuration, last week candle will need to be confirmed this week.

FoxTrading-Official

As I keep saying, the SOX is truly considered as the market barometer. And today, pre-US market open we have a clear engulfing candle that is also breaking the the Kijun Sen. Do we also have a double top? Of course, the candle still needs to close but nevertheless, it worth pointing it out for today's session. Trade Safe, Trade Smart! Glossary : TS = Tenkan...

FoxTrading-Official Updated 

I'm monitoring the potential breakout of the DLY TS, if confirmed, that will give us the DLY KS as a target. The Lagging Span has still space to go up. Breaking the that DLY KS level would be another bullish signal, but do note that the price are still in the DLY Cloud (=neutral) and that the Lagging Span will meet the price which will be a level of resistance to cross.

FoxTrading-Official Updated 

BTCUSD broke the WLY KS yesterday, giving us a bearish signal. Today the price is testing this breakout and we will have to wait until close of the weekly candle to confirm the breakout. In case of confirmation, than the next major level of support will be the MLY KS at around 36400. Glossary : WLY = Weekly | DLY = Daily | TS = Tenkan Sen | KS = Kijun Sen |...

FoxTrading-Official Updated 

GOLDUSD crossed the Cloud Twist on the DLY TF. On confirmation the next level of support is the MLY KS. Do note that the Lagging Span still has to cross the price and its KS. Breaking the MLY KS will open the way to a continuation of the downtrend. Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY =...

FoxTrading-Official

The SOX is often considered as a strong leading indicator, so monitoring its evolution is always a good thing to do. For the moment, the SOX is slowly but steadily retracing, the first level of support on the DLY chart is the TS at around 3846. Breaking that level may push the price to the KS. If the KS break, than we will have a clear short/medium term bearish...

FoxTrading-Official

The TL has been broken and being tested. Note that the Lagging Span could bounce of the same TL refusing to confirm the downtrend. Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe ** THIS ANALYSIS IS...

FoxTrading-Official

ICH is showing a clear downtrend. The next possible level of support and target level is the recent low marked on the chart. Breaking that level could give us a new target to the MLY KS (purple). Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit | SL/INV =...