djmitchb

rising wedge is very reliable, distance from WMA and DMA is very big, get ready for a big drop when this wedge is broken

bearish rising wedge looks ready to break for a large move down in USDCNH. This aligns with DXY topping out, the next few weeks should be interesting for this pair. Strong resistance was not able to be held on the daily and weekly ending 3/08. I posted before this big move up in USDCNH that I was long, it is now entering a reversal. see here ...

bearish rising wedge looks ready to break for a large move down in USDCNH. This aligns with DXY topping out, the next few weeks should be interesting for this pair. Strong resistance was not able to be held on the daily and weekly ending 3/08. I posted before this big move up in USDCHN that I was long, it is now entering a reversal. see here ...

There is a strong convergence of the daily/weekly and monthly trend lines, we had a second touch on friday 3/08 on the monthly (greenline) with a big bounce and strong volume. Could this be the start of a big move in Silver?

Silver bottom ending the week on 3/8 is very interesting, we see a convergence between the three lines plotted from daily, weekly and monthly . On friday we had a second touch to the monthly (greenline and a bounce with strong volume) it's possible for a major break in the coming weeks on silver.

Pitchfork, to 97, RSI supports

Pitchfork to 97. RSI looks good to take it there! GL

Looks like more pain in-store for silver. short term I see 16.2 and then a trip down to 15.2. GL

Continue short scenario for Japanese Yen. Expecting big reversal after touching a resisting some key areas as show. RSI continues to be weak. USDJPY 114.5 EURJPY 1.33 GL

short term long before big long, break of head and shoulders if it confirms. GL

Long on break of 1.1750. to 1.9800. Completion of H&S (right shoulder for downtrend). I see this pattern on many pairs today including the dollar index. Is it a coincidence that this level at right shoulder is also the daily 200MA? RSI confirms uptrend of EurUSD + Downward pressure of DXY back to 93 before a big run up on the dollar and drop in the EU back to 1.06 ...

Long...

USDJPY pair seems to be taking it's last breath, after many attempts to break the downward trend high established after the trump election in 2016 we have failed to make a Daily/weekly close above this trend, it broke above 2/Jul but a close above looks like it won't be achieved. The RSI seems to be topping out too. With this gold/silver are bottoming out and the ...

We are very close to starting the next leg down in the US dollar. We could not hold above the 95 area and we can see the uptrend since march is weakening quickly. Once we break the black trendline I am short and the first stop should be back to 93. There are two possible wedges I could see today however over the next few months we could see 80 in the DXY. ...

Silver seems to be bottoming out in this falling wedge, RSI is also moving into the similar wedge with a tight range. I expect a break to the upside 17.2 and then 19 if we can break the smaller black wedge. This is at a time where the dollar seems to be topping out at 95 and the trade war and other geopolitical problems are becoming more serious. Waiting for a ...

AUDUSD is extremely bearish right now, there is a rising bearish wedge on the hourly and the RSI is weak on all horizons and it is below all historic MAs H/D/M, it is very close to being completely oversold however my target is .71415 for the end of this trend. After a reversal on AUD upwards which coincides with a retest of the high from last week and bear wedge ...

We are likely to see a drop in the US dollar tomorrow, we could definitely see a rebound at 94 however the overall trend seems to be bearish today after the dollar was unable to pass the 200MA weekly. GL

Long, extremely bullish for this pair. Passed 200MA weekly last week without a problem and held. A major trendline from 2014 and March 2018 is established. it is breaking out of all main channels. If we break channel at 6.56 we should see a move further than the ATH at 7. this currency is not a DXY currency and I believe the chinese do not want it to appreciate ...