Implications and Outlook 1. Monero did reach a Mean Support $189 and Coin Dip levels in severely overbought momentum reading as the move above Mean Resistance $213 failed as projected. The coin started a correction off that level and dropped below the $200 once again. 2. Monero further bearish momentum is likely to hit Mean Support $189 and Coin Dip $184 once...
Implications and Outlook 1. Crypto currency investors and traders are an experiencing yet another annoying as well as slow-moving trading sessions, given that the major cryptos are trading in narrow and tight, ranges. Trading action decreased as well, as trading volumes are lower across the board. The lack of strength of Bitcoin and also the Monero tend to be...
Implications and Outlook 1. The US Dollar exploded higher during the Thursday’s session reaching higher towards the 111 handle and above. The 110 handle underneath continues to offer strong support and any pullback in the short term will provide value in the market. The wide interest rate differential will tend to favor this market and will keep the market...
Implications and Outlook 1. Price action is continually confirming the value of the intermediate-term bearish sentiment of Key Support $1291 and Gold Dip to $1283. 2. The violation of the intermediate-term Gold Dip will undoubtedly bring serious of the bearish implications, having downside targets to next Gold Dip $1269, while Mean Resistance is just above of...
Implications and Outlook 1. The bearish momentum has completed Currency Dip of 1.18810, by hitting Mean Resistance 1.19900 (Specified on 5/7 update) and it is in steady to lower mode by penetration of Mean Support 1.18510 on heading towards Currency Dip 1.17000, while Key Support is at 1.17340. 2. The Euro degradation of the intermediate-term Mean Resistance is...
1. Further Bitcoin bearish momentum likely to retest intermediate Mean Support $8390 and possible second Mean Support of $7900 level. 2. Price action is continually confirming the prevailing bearish sentiment of the intermediate-term Mean Resistance of $9000. 3. The violation of the intermediate-term Mean Support $8390 will undoubtedly bring serious of the...
1. Further bearish momentum likely to hit Key Support 0.68090 and all the way down to Currency Dip of 0.67850 level. 2. Price action is continually confirming the value of the intermediate-term Mean Resistance of 0.69850. 3. The violation of the intermediate-term Key Support and Currency Dip will undoubtedly bring serious of the short-term bearish implications,...
Implications and Outlook 1. Further bullish momentum likely to hit Mean Resistance 1.29500. The violation of the intermediate-term Mean resistance will undoubtedly bring serious of the short-term bullish implications all the way up to Key Resistance of 1.30950 level. 2. Price action is continually confirming the value of the intermediate-term bullishness....
Implications and Outlook 1. Second retest momentum likely to pass Key Resistance from here as Japanese Yen is coming from Currency Rally completion of 110.040. 2. Price action is continually confirming the value of the intermediate-term bullishness. 3. The violation of the intermediate-term Currency Rally will undoubtedly bring serious of the short-term...
Implications and Outlook 1. Bounce momentum likely to Key Resistance 1.00490 from here as Swissy is prone to drop to Mean Support of 0.98670 2. Price action is continually confirming the value of the completion of the intermediate-term Currency Rally 1.00560. 3. The violation of the intermediate-term Currency Rally will undoubtedly bring robust short-term...
Gold Implications and Outlook 1. The retest of Key Support in Gold (highlighted by Green arrow) targets $1,338 Mean Resistance. Another way of looking at this chart would be that it has evolved from the bottom of the critical range and may even end up back near the top of Key Resistance of $1,363, which is higher than three percent away. 2. Gold continues to be...
Implications and Outlook 1. The short-term bullish momentum completed DXY Index Rally $93.265 level, while Key Resistance lays way above at $94.070. 2. The break of the Rally by retesting Mean Resistance $93.100 will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of $92.430 and 91.770 respectively. 3....
Implications and Outlook 1. Further short-term bullish momentum likely to hit Nikkei Index Rally 22971 level, while Key Resistance lays way above at 23468. 2. The break of the Rally will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of 22412. 3. Current bullish/bearish bias is 80/20 4. The Nikkei Index...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 2746 level, while Mean Resistance lays at 2752. 2. The break of the Rally will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of 2672. 3. Current bullish/bearish bias is 80/20 4. Chat is that you will find there's...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 24895 and perhaps all the way up to next 25475 level, while Mean Resistance lays at 25326. 2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Key Support of 24200. 3. Current bullish/bearish...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 13075 and perhaps all the way up to next 13405 level. 2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12690 and Key Support of 12422. 3. Current bullish/bearish bias is...
AUD/USD Implications and Outlook: 1. Bounce momentum likely to go from here as Aussie Dollar is coming from Currency Dip completion of 0.74130. 2. Price action is continually confirming the value of the intermediate-term Mean Resistance as well as Currency Dip of 0.76200 . 3. The violation of the intermediate-term Currency Dip and Key Support 0.74530 will...
1. Bounce momentum likely to go from here as Pound is coming from Currency Dip completion of 1.34960. 2. Price action is continually confirming the value of the intermediate-term Mean Resistance $1.37630. 3. The violation of the intermediate-term Currency Dip will undoubtedly bring serious of the short-term bearish implications, having downside targets to next...