Gold advanced higher last week within the 1D Channel Up (RSI = 60.404, MACD = 7.590, Highs/Lows = 0.0000) due to further volatility and decline on the equity markets. However, with DXY almost reaching its 97.00 annual high, Gold's rise remains non-technical and continues to represent an excellent long term short opportunity. The current pull back has to succeed at...
Bitcoin remains within a downtrend and the Channel Down on 4H (RSI = 42.334, MACD = -21.700, B/BP = -10.8404) has extended to 1D also (MACD = -8.900, Highs/Lows = -45.5073, B/BP = -78.5621). The downside is however on a slower pace and if 6,550 breaks to the upside, then the pattern may turn neutral on the short term and consolidate more. The optimal approach is...
Silver is trading within a 14.500 - 14.800 1D Rectangle (RSI = 52.138, STOCH = 53.739, ADX = 17.520, CCI = 1.5082, Highs/Lows = 0.0000) that is dictating the movement for the better part of the month. However as long as the 14.895 Resistance holds, the downside potential towards the 14.220 Support will be greater. Short TP = 14.265.
The previous TP = 0.99691 was hit as the 1W Channel Down (RSI = 33.366, MACD = -0.011, Highs/Lows = -0.0118) even tested our maximum (at the time) downside spot of 0.97295. A new Channel Down on 1D was developed (RSI = 37.323) that is aiming at a near 0.9555 Lower Low. Short, TP = 0.96100.
The pair has been trading within a very long term Channel Up on 1W (MACD = 0.240, B/BP = 0.1340) since mid March. The neutral RSI = 52.280 and Highs/Lows = 0.0000 indicate that a new Higher Low is near but on pure Fibonacci terms we have a downside limit to 84.300. Even on the current levels, CADJPY constitutes a solid long term buy and since the previous Higher...
Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214,...
Natural Gas has recently hit a near Lower High sport on the 1W Descending Triangle, whose first Lower High dates back to December 2016. This bearish long term pattern indicates that the price will reverse with the first test being the Higher Low supporting line (red line) near 2.830. 1D is already neutral (RSI = 52.515, ADX = 34.377) and the bearish Highs/Lows =...
Copper (XCUUSD) is trading within a 1D Channel Down (Highs/Lows = -0.0144, B/BP = -0.0590) after having made a Double Top at 2.8400 (late Sep, early Oct). If the previous 2.6887 Lower Low and 1D support is crossed then HG1! should make a new 2.6600 Lower Low and attempt a break out. Otherwise the Channel Down will make a new Lower High near 2.7800 before it...
Omisego is trading sideways within a 1D Triangle (RSI = 53.725) under High Volatility (ATR = 0.2020) that keeps the price within a 2.9590 Support and 3.8740 Resistance. Due to the underlying long term bearish trend on the 1W chart (RSI = 37.359, MACD = -2.090, Highs/Lows = -0.1851, B/BP = -1.9305), shorting every move near the Resistance is better suited than a...
TP = 0.0045 hit with DOGEUSD delivering a standard bearish leg within the 1D Channel Down (RSI = 25.607, Highs/Lows = -0.0007). It is now near our final TP = 0.003820, which would be a technical Lower Low to the Channel. Since it is also on oversold values (STOCHRSI = 0.000, Williams = -96.039), a Lower High either at 0.0046 or 0.0050 is expected before further...
The Binance Coin is on a flat variance both on 4H (RSI = 47.049, STOCH = 46.766, CCI = -10.4198, Highs/Lows = 0.0000) and naturally within the 1D Triangle (RSI = 47.030, Highs/Lows = 0.0000). The long term bias though remain bearish as the 1W Channel Down weighs. We are expecting a bearish break-out by the end of the month towards the 8.8857, 8.2522 support...
The price is approaching the Lower High limit of the 1W Channel Down (RSI = 37.875, MACD = -0.079, Highs/Lows = -0.0014, B/BP = -0.0321) and if the 1D candle breaks 0.09500, it is a confirmation of a break out towards the 0.0777 1D support. 0.088 can be your first TP but we are still looking for 0.060 on the long term.
ETC is extending the 1D Channel Down (RSI = 43.222, MACD = -0.260, B/BP = -0.1666) and based on its neutral Highs/Lows = 0.0000, it has priced a Lower High. This technically suggests that a Lower Low is imminent and should be on one of our target levels: 8.500, 8.000 and 7.700. Even if it breaks upwards, the 1W Falling Wedge (Highs/Lows = -1.2380) should reject...
DASH is still trading within a 1D Channel Down (RSI = 40.288, MACD = -7.520, B/BP = -5.7319) that has just priced its technical Lower High (Highs/Lows = 0.0000). The next Lower Low is concurs with the 1D support at 126.5510, which is our first TP. The long term bearish trend provided by the 1W Channel Down (Highs/Lows = -7.9541, RSI = 37.589) should then apply...
NEOUSD has been flat for the past 5 sessions on 4H (RSI = 51.700, Highs/Lows = 0.0000, ADX = 18.006) as the 1D Falling Wedge (MACD = 0.300, B/BP = -0.1313) is consolidating before making another low (possibly at 14.500. We are still expecting a break-out and a test of the 13.55 1W Support. Our long term TP is intact at 8.78.
XMR has resumed the sideways movement within the 1D Triangle (RSI = 50.506, ADX = 31.310, Williams = -48.896) as it failed to deliver a Lower Low below 100.000. We expect a rejection on the 115.780 Resistance and a break-out test at 104.000. Breaking the 96.190 1D Support will pave the way for our long term bearish targets (75.792, 64.104).
TRX has kept the 1D Channel Down intact but remains near the Lower High trend line and as a result on slightly neutral terms (RSI = 48.221, MACD = 0.000, Highs/Lows = -0.0002). The Channel requires a break out below the 0.02071 support and a new Lower Low at least near 0.01800. Given the symmetrical Channels on 1D we expect the 1D support to be tested, hence...
The previous Descending Triangle on 1D has been discontinued as the price broke and remains below the 0.4978 support. As a result a Falling Wedge has emerged on 1D (RSI = 39.630, MACD = -0.018, Highs/Lows = -0.0063, B/BP = -0.0270) which should break towards the end of October and test the 0.4040 1W support. With 1W though still on a long term bearish pattern...