clance23

clance23

S&P500 seems to be forming the deadly Triple Top formation. If this is true, we probably have left around 3-4 months before it finish the pattern. By then will need to see if the neckline will be broken or not. Very dangerous time indeed. This is align to what I wrote 7 months ago on the GFC scenario.

clance23

USDJPY nearing key supports at 110 and 107, this will determine the direction for JPY pairs.

clance23

GBPUSD is at multiple year key support now, waiting for price action to confirm around 1.3600 level for lowest risk trade.

clance23

GBPCAD touched weekly uptrend line, now waiting for confirmation to go long. Wait for GBPUSD to confirm price action on GBP strength.

clance23

Key Level to watch: 1.) 156.00 2.) 149.50 Wait for GBPUSD and USDJPY price action to confirm the timing.

clance23

I seldom do local KLSE index analysis, but I can't help myself to notice the obvious patterns and highly potential direction for this index in the very near future which could affect a lot of KLSE stock investors who might still are unaware of the real situation. From the KLSE Month chart, we can clearly see the dreaded Head and Shoulder pattern that can...

clance23

It's hard to imagine that Gold had declined 50% even before any Global Financial Crisis happen during these few years, with the wake of another GFC looming around 2016 it's also hard for us to imagine that Gold will further decline deeper. With no clear sight of bottoming, we might just have to look at the 850-900 level where the Fib-R 61.8 is situated in...

clance23

Looking at the S&P 500 month chart, we can see that another Double Top (W-shape) is forming again just like the ones we have at year 2000 and year 2008. The entire world stock market tanked on both occasions during that two years and if S&P 500 is an early trend indication of major stock market direction then we should prepare for what is coming in the next 8 to...

clance23

S&P 500 is still supported at 6 year trend line support, but that support looks very fragile and might be penetrate soon in the next few months. Time to be very cautious in the global stock market, things might get very ugly soon.

clance23

Price is reaching the weekly parallel channel top around 1.5200 - 15300, it might extend to 1.5500 if overextend before it can come down to previous trend line support which it played fake breakout twice over the past few weeks.

clance23

WTI Month chart - Price seems unable to penetrate the 57.00 resistance level, current month candle might also be suggesting a further down move towards 38.00 if it unable to break higher. As stated months ago, 38.00 is the level that Oil must hit to indicate it has reach bottom. Any buying prior to the price level will be a Bull Trap for novice investors if they...

clance23

GBPJPY looks like a good short all the way to 173.620 area.

clance23

Waiting for FOMC to finish tomorrow then only consider short from the current below resistance level.

clance23

Price had reach a very nice wash and rinse condition, it worth while to see if is a short all the way down to 0.6900 area.

clance23

Waiting for price to retrace back to confluence area of 1.4168 - 1.4203 to consider short.

clance23

Waiting for price to retrace back to confluence level around 131.42 - 132.32 to consider short.

clance23

Waiting for price to retrace upwards before making a short.

clance23

Price looking good to retrace back to previous resistance level to resume downtrend later.