KingCoon

KingCoon

USDCAD is sitting on 50% fib level. Fed speeches next week should determine direction, but for now, there is no divergence in CCI or RSI so further downsides are likely. Comment your ideas! Trade with care!

KingCoon

Downsides should continue til 96.75.

KingCoon

Uptrend just beginning. May continue til June

KingCoon

Uptrend is just starting. May continue til June

KingCoon

Strong uptrend starting after bullish news out of Saudi Arabia and Russia

KingCoon Updated 

USDJPY is about to test its 2017 trading range. A break above 113.5 would be an extremely bullish sign, but rejection is likely as the resistance is strong and overbought levels have almost been reached. Wait for confirmation.

KingCoon

Watch for a break below 98.70. A break below would be bearish.

KingCoon

Broke past the 123.14 level yesterday. CCI has already shown divergence so a break back below this level would be extremely bearish for the pair. RSI shows overbought levels were reached a few days ago

KingCoon

After a huge crash in oil during yesterday's trading session, oil seems to have slipped yet again. With no support levels in the 44's downsides will likely continue until it hits fib resistance at 43.22 and support line resistance at 42.50.

KingCoon

The gold/silver ratio tried to breakout from the 75.1 resistance line but as of now it has be rejected. A break above this will lead to 76.6. A rejection tomorrow will lead to the 73.3 level. Wait for confirmation.

KingCoon

Gold closed below the 2017 trading range, but it has a chance of getting back into it today. CCI is still well below the -100 level so wait for confirmation before going long. A break below 1219 would be extremely bearish while a break back into the trading range would be bullish.

KingCoon

EURJPY is nearing strong resistance at 123-124. A break above these levels would be an extremely bullish sign since the 20day Moving Average will cross above the 200day Moving Average. Wait for confirmation before you trade.

KingCoon

Bearish data came out today, but the 47.02 resistance level held. A bounce from this level could lead CCI to cross above -100. Watch for confirmation but, oil could be a buy soon.

KingCoon

Twas a sad day for silver traders today. The 16.60 resistance line was breached and the 20-day moving average has just crossed below the 200-day moving average. The next point of resistance is at 16.13. If that does not hold, then the mid $15 range is in play. The large CCI divergence tells us that a turnaround will come, but it seems we will have to wait until...

KingCoon

At resistance currently. If broken it will test the upper 2017 trendline.

KingCoon

EURJPY is reaching a resistance trendline from January. Overbought RSI level and CCI divergence in recent days shows a reversal coming soon.

KingCoon

The gold/silver ratio continued past the 73.37 resistance line on Friday but bearish CCI divergence has formed over the last week. A hammer candlestick pattern also formed on Friday sending signals that rally could be over. RSI shows that the pair is overbought.

KingCoon

CCI Divergence in the last few days is a bullish sign. Just hit major resistance from trendline and 17.21 support level.