2 weeks ago, the S&P make a high of 3945. Last week it has crept up to 3915. It is being resisted at this level for almost the whole of Friday and we are seeing the few tops being created. There is RSI divergence being shown and likely to have a fall. We won't be taking this trade as AUDCAD would fall at the same time, but would watch this closely.
Against the H4 trend but M15, M30, and H1 are overbought There is resistance to this week's high Stop loss is above 1.1719 1st target is 1.16056
NZDUSD is still on the downtrend. M15 and M30 is showing divergence. Hoping USD will strengthen further. Have exited USDCHF.
Even though this is counter trend M15, M30, H1 and H4 is all overbought There is a triple top on M15 with divergence Stop loss should be 50 or more pips away 1st target is 0.96374
EURCHF has fallen to all time lows. Based on our analysis, we are seeing H4, H1, M30 and M15 oversold. We see M15 and M30 divergence. The stop loss is very tight as this is a counter trend.
This pair is still in a downtrend. We are seeing the high of yesterday as a resistance. There is a small pattern to sell. And a big pattern to buy right at the bottom.
There is a pattern on the M15 chart M15 and M30 are overbought, now waiting for a double top on M15 Stop loss should be above 0.6919 First target is 0.68295
There are 3 tops on M15 with divergence H1, M30, and M15 is overbought There is a deep crab as well. BTC also looks toppish. Target is around 1092 for first level.
This pair is on a downtrend. The EURCAD has hit OB on M15. There is divergence on the charts. Looking to protect at 1.3455 or hold until it falls further.
Silver has come to a support level and a bat pattern. I see yesterday's low as a good support. There is M15 and M30 divergence. Stop loss below 20.50.
BTC has been hammered but there is a lot of buying interest now. This is the 3rd week it has found support at the 18,000 - 20,000 area and we feel this will be a big move upwards. M15, M30 and H1 is oversold. There is nice divergence in M15. Time to finally BUY BTC!
This is a counter trend. However I see this as being overbought on every timeframe. Looking for a quick counter trend for about 50 pips and then go long again.
There is a triple bottom on M15 with divergence This is inside the H4 moving average There is a double bottom on M30 Stop loss is below 50 pips 1st target is 1.5252
Gold is approaching good support. We see support at 1800 to 1820. There is a nice divergence and a double bottom in M15. Targeting the high of yesterday for the first target.
The pair is in a Downtrend. M15 and M30 is overbought with divergence. The only danger is the H4 double bottom which is also at the week low However the trend is so bearish that we will take this with a tight stop loss of 30 pips.
Last week we saw a rally in all the stocks. Looking at the indexes, we are seeing all of them being overbought on H4, h1, m30 and m15. We are seeing the weakness in H1 and M30 and M15 on Nikkei. We will sell with 500 pip stop loss and target close to 2000.
All risky assets have been sold off since last night and I am seeing a consolidation now. Awaiting a final test of the 94.15 - 94.20 zone to buy this pair. Following the trend and aiming for 95.
A few weeks back we sold BTC at 31,500. Little did we know that this will trigger a 14,000 pip move to the downside. Sadly we did not catch all of it, but our analysis was spot on. WHY? Well first of all, we have no vested stake in BTC. Most peeps don't like to sell anything because they feel buying is their only option. Many people still try to buy the dip,...