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
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...
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...
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...
I believe silver will continue to coil in this wedge, I don't see any big breakout in the very short term. Only short term scalps to be made today, we touched the bottom of the wedge last week so I am long on monday 25/06 until target 17.2. When we get to the end of this wedge the price action will be aggressive but at this rate it might not be until September/October GL
I had posted recently that the DXY had made a tripple top at 95.5 which is a resistance point coming from Oct 2017. it remains in the upward channel for now, I will be waiting for a break of this channel it will be a great short opportunity for XXXUSD pairs. As the RSI on daily and 4hrs is still intact there is a small chance to continue up the channel to the...
There is little doubt that BTC will return to fair value on MA levels, it is below the Hourly/4H/Daily 50/100/200 Ma's. It is below the 50MA on weekly and only the 100 at $4500 and the 200MA weekly at $2450 Stand in the way, as in any chart eventually the trend will revisit these averages, BTC will be no different, only question is how long, I imagine the next...