DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC, SPDR S&P 500, BANK OF AMERICA CORPORATION, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
It seems like oil is finally running out of steam at current prices. Looking at the MACD divergence forming, i will definitely be selling ukoil. Expecting to reach 70$/barrel mid-term and 60 in the longer run.
As you can see on the graph, I am looking for a reversal in BTC after a new high. This type of reversal pattern works very well on big timeframes, especially when it has a divergence forming on MACD indicator. Based on the pattern, our target should be at least 5000, followed by a correction and then 4500/4000.
Nice short entry on BTC. Will be awesome if it falls for the longer term correction right from here.
As you can see on the chart, I think we had the top on Dollar Index at 103 and we are not going back there anytime soon. The entire Daily structure looks very much like a reversal to me (maybe a Head&Shoulders). With this being said, I also think we had the daily swing bottom set couple weeks ago at the price of 91 and we are not going back below until USD Index ...
The pair is forming a falling wedge pattern that usually breaks to the upside. Recommend buying at the break of the upper trend-line with a TP around 89.20-89.50. I personally don`t expect it to break the top. Once it gets to the 89.50 price level, I will be looking for sell setups for the longer term.
MACD divergence supports the idea of a break to the upside.
I think BTC is still in the corrective up move that soon has to give us another leg down. Looking at the structure on M15 and H1 timeframes, it seems rather bearish (MACD divergence + H&S pattern) and ready to fall. It might go down from the actual price or it might go a little bit higher before coming down.
Long-term if we look at the daily structure, I think the pair is going down to 0.82-0.84.
I don`t usually trade counter-trend moves but, this one here looks rather attractive for a short-term buy. As I see it, the price is consolidating in a flat (possible an expanding flat), and if my analysis is correct, we have to go up for a C wave.
I will open my position ...
There is a lot of selling pressure at these levels, and I don`t think the prices will be able to stay in this area much longer. I expect Brent oil prices to drop to 40-42$ per barrel by the end of 2017/early 2018, and go up from there to higher levels at 60-70$ per barrel by the end of 2018.
One of the factors being able to influence negatively the price of oil ...
There is a MACD divergence almost completed on H4 TF that most probably will bring the price below the green trendline, all the way towards the bigger red trendline support. From there I expect the price to keep dropping much further around 2017 minimum.
On a bigger Daily and Weekly TF's, I think oil is in a flat type correction with the B wave almost done at ...
I think the pair found the medium term bottom and we are heading up for a nice ride. We have a perfect double bottom. Expecting a retest and buy buy buy.
Expecting a flat correction on this pair with the C wave starting soon. We are in a longer term uptrend though, so i will be looking for buys if the price gets to the 1.23-1.235x area.
Swiss franc looks strong to me for the next couple days so ill be looking to buy CHF in other pairs like Eur/Chf or Chf/Jpy.
As you can see on the graph I think we have to have one more wave to the downside towards 1.05 and why not parity. We are trading close to the end of the wave B from the bigger ABC correction, an area with a lot of resistance that can be a good place to start loading short positions.
Was expecting a flat correction and a move to the upside, but it seems like the correction is not over yet. The pattern I am seeing now, is a Double Three correction with the middle wave in the making.
Will be shorting this pair at the break of the trendline. Fib retracement levels should serve as targets.
The Daily chart seems a little confusing as far as structure. Zooming out to the weekly we can clearly see that price wants to go up for one more move. I`m not sure how far it would go but I don`t expect it to go way above the 3rd wave top. After the 5th wave is over, we should see a deeper zigzag correction to one of the support levels (with yellow dotted line), ...
Price rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second.
I would place the stops above the previous high because i dont think twe are going higher than that.
General Electric retraced to support around 27-28$ and technically looks ready for a new impulse up.
First target - 33$
Expecting Euro strength for the upcoming 6-12 months.
Reason: expecting ECB to end QE and start its normalization process.
I thing short term there is a good chance we go down towards 1.05/06 but eventually i see the pair moving up towards 1.20.
Expecting a big impulse up towards 1.90 - 2.00 for the next 6-12 months.