adriel.arrasmith

adriel.arrasmith

On the weekly we're sitting on a trendline from over 2.5 years and the 200 ema, which the last two times we tagged it the price went up afterwards. Also, we have a major support area around the 1.87 area. On the daily a daily pin bar closed, with a MACD crossover and also we broken a minor counter trendline, which triggered my long. The AUD is at a major...

adriel.arrasmith

USOIL, COPPER, and the CAD are all at a major resistance right now and selling off. I'm expecting a small bounce in GBPCAD into 1.95, which is a big resistance area, retest of the trendline and the .382 fib area. Also, the MACD has just crossed over and flipped showing bullish momentum. Now that we've also broke the counter trendline I'm looking to buy at 1.90...

adriel.arrasmith Updated 

The Yen is at major resistance and the Cadjpy is in a symmetrical triangle. Once we break I'll be long to 87.

adriel.arrasmith Updated 

GPRO has traded quite nicely and quite predictable as it's a very technical following stock. I've been watching for a while now as GPRO is rippening. It's almost time to pick it. So starting on the weekly we do have a confirmed weekly MACD crossover, which is confirming what I'm seeing on the daily. On the daily we're diverging while staying in this slightly...

adriel.arrasmith

This is short term bias, but medium - long term I'm bearish USDCAD. Currently, the USD has held a major level at the 200 ema, channel floor, and support of around 12000. CAD alternatively is showing a bearish signal across oil, copper, etc After todays pin bar in usdcad I am looking to buy at the break of the trendline/previous days high. I am targeting around...

adriel.arrasmith Updated 

The USD has been selling off quite a bit and at the make or break for a new trend. The DXY is in a free fall currently pointing to further downside. The CAD on the other side is still bullish at the moment, oil also held the key $28 level today, which is quite important. As far as the USDCAD technicals we are testing the key level of 1.40, where a trendline is...

adriel.arrasmith Updated 

Copper is in a very obvious wedge and a break would indicate a significant move into the 2.90 area. Copper has a strong correlation with $cad and $usoil as well so if we break the wedge we will be able to find long and medium term opportunities. I used the ghost bars just for fun and to possible show the projectory of copper.

adriel.arrasmith

The Euro has got a huge increase lately of euro longs based on the COT report and that technical break via EURUSD is apparent. Also, the retail crowd is strongly short, which helps piece things together even more. From a technical perspective I really like playing the Euro against the NZD because we are in a huge bull flag pattern that points to the next major...

adriel.arrasmith

Fundamentally, I don't really care CREE, but it has been severely sold off the last few years. Now we came back at value at $22 we held a major area, with a symmetrical triangle/divergence. We broke out and then retested that broken trendline. Now that we are making new highs everything points to $40 and then onto $53. $26.50 should be a great spot to also have a...

adriel.arrasmith

Fundamentally, Oil is severely oversold and price is pointing to a rebound. Technically, COG had a perfect AB=CD correction that also lined up with a huge supply level at $15. We then put in a double bottom. The next major resistance area I see that we should certainly hit is $27.

adriel.arrasmith Updated 

As obviously noted before the market is due for a correction. The Dow Jones and the correlated USDJPY are evidence of that. LNKD is in a great spot to sell with a major head and shoulders in play, a completed shark pattern, MACD crossover, and break of the recent trendline. As far as fundamentals go LNKD has been losing money all year with a market cap of $25...

adriel.arrasmith

Currently, the US Dollar is facing some resistance as it's staying in a triangle pattern, which will more than likely turn into a correction based on DXY, Gold, etc. At the same time XAUUSD has completed a weekly bullish engulfing candlestick from last week at a critical area, which is in a long term wedge. Currently, XAUUSD is at $1190, which is a retest...

adriel.arrasmith

We have been in a consolidation period before finally breaking the recent triangle. If you refer to the DXY and Japanese Yen the technicals are looking for a USDJPY decline. Also, stocks are at some major resistance levels, which are correlated as well. I'm ultimately looking for 110 where a major level of support is and the 1.618 fib extension level.

adriel.arrasmith

1. Oil is breaking out currently 2. gbpcad broke the major trendline/retest with another break of a counter trendline/retest. 3. the emas have crossed over showing bearish momentum 4. we also put in a weekly bearish engulfing pattern. Targets are 2.00 then the 1.945 area. I am short from 2.048 sorry if my writing/image isn't clear i'm using a new chromebook at...

adriel.arrasmith

The Swiss Franc has been sold off quite a bit recently now finding critical support that potentially shows signs of a strong rebound. The GBPCHF specifically is a great way to play this strength. My reasons for entering this trade. 1. Break of major trendline/retest 2. Tweezer tops at .618 fib level 3. Swiss franc at critical support 4. Rejection of major 1.55...

adriel.arrasmith

This is my 2nd shot at the trendline retest and .618 fib. Targets are the highlighted areas and fib extension levels.

adriel.arrasmith

Obviously as most know the USDJPY follows US Equities, which has seen a nice sell of that certainly shows targets a lot lower (ex. DOW support not until 14000). Also, DXY has clearly broken down repeatedly after lower highs to lower lows, which points to a new trend. On the other side of things this is creating a very strong YEN so I prefer selling the USDJPY more...

adriel.arrasmith

I covered XGYO originally at 4200 with a sell target at 3600-3200. We have now held the major support area at the 3600 area, 200 ema, and closed as a daily bullish engulfing/morning star depending on who you ask. Also, there are some strong patterns in the RSI that suggest support.