OmiFX8

OmiFX8

Gold's monthly chart shows the yellow metal is probing with the upper end of the bull flag breached to the higher side last month. In other words, the metal could be shaking out weak hands before rallying. I would buy here at the current price of $1,858 for target of $2,100 with stops under $1,800 If Powell turns out dovish, gold will fly.

OmiFX8

Index looks heavy on the daily chart with RSI diving out of an ascending trendline. Stochastic bearish cross above 80 Sell @ 4235 target 4000 stops above 4300

OmiFX8

Crude is currently consolidating within a symmetrical triangle, as seen on the 4-hour chart. A breakout looks likely as repeated failure on the part of the bears to keep prices below $59 since March 18 indicates the pullback has run its course. A triangle breakout would open the doors for a move above $62. A triangle breakdown should be viewed with caution due...

OmiFX8

Bull flag seen on the daily chart. A breakout would imply continuation of rally from Jan. 25 lows and open up upside to Rs. 600. Stock is on the rise today.

OmiFX8

BNB's 12-hour chart shows a symmetrical triangle breakout. The cryptocurrency trades in the bullish territory above the rising or bullish EMA band. RSI is also biased bullish. BNB appears set to re-test the Feb. 19 high of $347. Trade strategy: buy above $295 for target of $347 with stops below $270

OmiFX8

Bitcoin has managed to establish a foot hold above $50K despite the DXY strength and not-so-steady stock markets. The cryptpucurrency's quick recovery from below the 5-week SMA, validates the bullish bias signaled by that ascending technical line. As such, a move to fresh record highs above $59K looks likely.

OmiFX8

EUR/USD looks like a sell on rise Last week's close violated 1.1945, the 23.6% Fibo retracement level of Nov-Jan rally. Area around 1.1945 also acted as strong resistance in late August/early September 2020. More selling likely, albeit after a minor bounce. Risk assets could open higher, pushing USD down during Monday's Asian hours. President Biden's $1.9...

OmiFX8

Bitcoin's hourly chart shows a bull flag breakout. The pattern usually accelerates the preceding bull move, which is the recovery from $43K in this case. The breakout validates the big green bullish mzrubozu candle created on Monday and suggests scope for a re-test of record highs above $58K.

OmiFX8

Dollar index’s weekly chart shows a falling wedge breakout and bullish divergence of RSI The bullish reversal setup is bad news for the bitcoin, stocks and almost all Fiat currencies. BTC and all other assets have pretty much moved in opposite direction to dollar since March crash as Fed pumped liquidity to inflate markets.

OmiFX8

Bitcoin's 4 hour chart shows H&S breakdown. The previous 4H confirmed the breakdown. The current 4H candle is most likely shaking out weak bears. The pattern has strengthened the case for a drop to $40K and below.

OmiFX8

Bitcoin's has erased the spike from $50K to $52K seen early today with stocks feeling the pull of gravity amid continued rise in the U.S. treasury yields. The hourly chart shows the cryptocurrency is again looking to dive out of a rising wedge-like pattern. That, coupled with a potential sell signal by EMA ribbon would be a strong sell signal. Looking at the...

OmiFX8

Bitcoin's backed a symmetrical triangle breakdown on the hourly chart early today and has now risen back to $51,300 Its best to exit the short trade recommended yesterday and sit on the sidelines. 5- and 10-day SMA crossover still paints a bearish picture, but Coinbase Pro outflows + Coinbase IPO + news of CGI filing for ETH ETF could bring buying pressure,...

OmiFX8

Bitcoin looks to be diving out of a symmetrical triangle pattern on the hourly chart amid rising bond yields. The breakdown would indicate a continuation of the sell-off from record highs. Powell tried to talk down bond yields on Tuesday and Wednesday, but that has not worked. The 10-year yield has risen back above 1.4%. Looks like bitcoin is going to be hit...

OmiFX8

Sell at $49,700 Target $45,000 Stop loss $51,500

OmiFX8

BTC bearish RSI divergence on 4H. Massive inflows onto Gemini yesterday Saylor bid possibly absorbed (Coinbase saw big outflows yesterday) Crypto looks set for a pullback, unless we get a news that another big corporate has bought BTC $50K is key support followed by ascending 5-week SMA below $47K A move above $58K would open the doors to $63K

OmiFX8

Last week's hanging man candle is further evidence of bull fatigue. Sell at current prices of $19,100 for target of $17,700 with stops above $19,500

OmiFX8

Bulls fail to sustain and capitalize on the bounce from sub-$18K seen on Wed and The RSI dips below 50 for first since October. All this validates the downside break of narrowing price range seen earlier this month. In my opinion, we are going down to the two-month bull market trendline, positioned near 17K right now. IF that is breached, a drop to $15K may...

OmiFX8 Updated 

Bearish divergence of RSI on the daily validated by Monday's hammer-like candle. Sell at CMP with stops above $19,431 and target of $18,500.