Razor1Fish

Razor1Fish

As the WTI USOIL has already broke the critical support level, structurally, its in a strong bearish zone, hence, sell on every peak, as we expect now USOIL to target $55 as a result of technical breach.

Razor1Fish

WTI Crude Oil, is at the Critical Support level, prices could not sustain at this level and tried to breach on Friday with no follow through as it rejected towards the closing. We expect further testing at this level with further demand test towards $67 . However, mid term the oil prices is very weak and prone to further break down potentially towards $55. Next...

Razor1Fish Updated 

Gold broke the Descending channel, and its now positioned to go long ... back to 1,360 levels

Razor1Fish Updated 

EURUSD broke the support line over the longer term, and it can be considered now prone to much lower targets possibly to 1.12 area

Razor1Fish Updated 

EURUSD has triggered a long position, it bounced off the support level, and ready to take off

Razor1Fish Updated 

WTI US oil has to make a strong follow through to upside in order to consider taking long position. So far, its still under pressure below $69.5

Razor1Fish Updated 

Gold is resisting to break the downward channel upward ... we may see a strong move down , but no confirmation yet

Razor1Fish Updated 

I believe that GU is making a correction based on longer term upward move upward, area to watch is Wave 0-1 1-2 on Elliott wave

Razor1Fish Updated 

GBPJPY broke the weekly trend line, potential downside exceed 500 pips

Razor1Fish Updated 

Its important to watch out for currencies cycles, hence, DXY might be making H&S to correct against other currencies. Area to watch out is 96 level, where the shake outs could occur and major change in volatility in currencies occur.

Razor1Fish Updated 

USDJPY longer term direction is strictly downward, which coincides with our other USD pairs analysis which indicates potential upward bounce in EURUSD and GBPUSD

Razor1Fish Updated 

Within the larger Bullish Trend of Elliot ware 1-2, GBPUSD is making a bullish pennant, monitor the price action for a potential break out upward.

Razor1Fish Updated 

This is another view on US Crude Oil. It broke the trending up channel over longer term....

Razor1Fish Updated 

Watching this double bottom formation, oil might spike from this base , worth monitoring

Razor1Fish Updated 

WTI is likely making a retracement to the old support which is the new resistance, in preparation to move down to $62 area

Razor1Fish Updated 

Level 1.1550 will determine the direction of EU

Razor1Fish Updated 

One more day of testing is required to check how strong is this support line, any further breach to downside will compromise the support and will be followed by a strong move downward.

Razor1Fish

Now its becoming increasingly critical for BTCUSD to test the $5000 level to set the longer term direction.