With Tuesday candle rejecting 140 and subsequent days with lacklustre buying volume, we might expect a minor retracement.
If 140 gap is not covered and is continuously rejected, we might see JPM retracing back to the 130 level or even lower.
Are we seeing a change of momentum in gold? If price fails to break above 1580, we might see gold going lower in the next few weeks. 1500 is a key support to watch out for.
In the weekly analysis, we are able to spot price closing with upper shadow. However, we are still in an uptrend, counter-trend traders should be cautious with their shorts.
In the broader...
Lower low made. 146 was rejected with an evening star at mid Dec. After which price fails to close above 145. And at the start of Jan, price was rejected to close above 144 with bearish engulfing.
JPY is expected to appreciate with the increased war tension between Iran and US. 137 area would be a strong support to watch out for.
Baidu has bottomed out in August with the low of 95.66. Accumulation footprints can be seen for the last 4 months. Big hands are accumulating between 100 and 120. As long as 100 is not broken, we should see this stock head higher.
8 Nov gap up was tested twice successfully, this give us more hints about the bullish sentiments. If price is able to close above the...
Technical looks pretty bearish with LHLL. 6.95 was well supported with heavy volume, we might see a temporary pull back to 7.05 area. Watch that area closely. Target price 6.9. Trade war update plays a huge part on the movement of this pair, so watch closely.
As long as 7.15 holds, we should see a further downside.
Will we see the sell off in US equities causing this pair to go lower? Technical wise, as long as 108 holds, we will look for a long. HHHL formation. Next resistance is at 110.6. Watch S&P500 closely. Long when there is confirmation candlestick.
Bitcoin bullish volume spike and resting well on 100EMA on daily chart. This should be a good time to go long. Going down to h4 chart, there are even more clues that it is bullish. As long as 9000 support holds, we should see a potential upside on bitcoin. The next resistance is 10320 area. Watch that area closely
28th Oct was able to close above the 6 month high, with a higher high and higher low structure . I am expecting USD/JPY to end higher by the end of 2019. Key important support 107. If it holds well, we will see a potential upside. Risk-off
Might head back to 1430 support area if 1500 is not broken. We should see a LHLL formation before shorting. Watch 1500 closely. Daily candle with upper shadows with bearish engulfing. If you look at the previous 3 weeks candles, you can spot the that price structure is pretty bearish.
With Chirstine Lagarde taking on as the ECB president, euro might see itself heading lower. She has made her strong stance on QE in many interviews and defending the low interest rate that ECB has set. We might see a lower euro by the end of the year. From the chart, with 1.11 holding as resistance, eur/usd might have a tough time going higher. Both Thursday and...
In the weekly chart, we have a shooting star formation. Candle has failed to close above 26 Aug bearish engulfing candle. We might see a stop to the bullish momentum. Watch 1.736 closely. A break down and retracement back to 1.736 would be a good short opportunity.