jamaldwayne

jamaldwayne

NYSE:SHOP is an opportunity to go short (after Cyber Monday) once the MAs complete forming death cross on daily chart, volume is already low and RSI has formed a bearish divergence

jamaldwayne

After the sell off in June the stock crossed into the oversold territory and is trying to reverse the trend upwards. The second long signal is the breaking above the downward resistance line, if it continues in the current course and breaks above 200MA this will signal a strong reversal.

jamaldwayne

TVC:DXY suffered a massive sell of earlier in the year just to snap the fall and bounce back up strongly. Looks like the greenback was supported by increasing interest US rates and the rising Treasury yields, but its hit the Oct 2017 highs. With the protectionist US policies and power and geo-politico-economic struggle between US and China, and US and the rest of...

jamaldwayne

Looks like the greenback is might be making a comeback with a double bottom reversal. Before going long I am waiting for a breakout, retest and confirmation at 90.

jamaldwayne

MOMO has finally broke out of the downtrend and is moving along an uptrend trajectory bouncing back above 50 Fib.

jamaldwayne Updated 

Looks like Euro strength is going to keep driving the FX:EURJPY pair up. The price has consolidated in recent week and has formed a bullish flag, it could either break out or breakthrough to the demand zone and then bounce back up. Timing is paramount.

jamaldwayne Updated 

XAUUSD has run well ahead of itself and is taking a breather! You may be able to take some profits shorting it, but it's very risky trading against the main trend upwards. Bounce against 1320 is going to signal an opportunity to buy and go long. Weakening DXY is going to continue keep the yellow metal rising and I see no reversal for either of these assets in 2018.

jamaldwayne Updated 

Violation of the right shoulder could send the pair falling off the cliff

jamaldwayne Updated 

Although my long term outlook for the DXY is negative, it looks like USDJPY it might breakout to the upside soon. Watch the trend line, and if it breaks through it will keep moving up further.

jamaldwayne Updated 

EURUSD bullish flag formation

jamaldwayne Updated 

The DXY has found some support following a recent dramatic fall. This seems more like a retracement in a primary downtrend rather than a reversal and I wouldn't go long at this point unless: 1. it breaks through the major resistance line and stays above it AND 2. breaks through and stays above the supply zone

jamaldwayne Updated 

USDCAD is moving in a primary downward direction and despite recent retracement is moving back to the demand zone. Past this area its further fall to the greenback.

jamaldwayne

Several indicators signal that XRPUSD correction is over: 1. Demand index formed bullish divergence whilst the price was making lower lows 2. RSI indicates oversold positions 3. The price bounced off the major demand zone 4. Bullish engulfing candle and confirmation candle on 4HR chart.

jamaldwayne Updated 

FX:USDJPY breaking below .50 FIB retracement. Next Target / Support 110.201 or .786 FIB retracement

jamaldwayne Updated 

BITSTAMP:XRPUSD saw a healthy retracement on the way up. 14 RSI on 4H chart suggests it was somewhat oversold, but it looks like it has found support and is moving back up.

jamaldwayne Updated 

FX_IDC:XAUUSD appears to be running out of steam and Friday closing shows two potential reversal signals. Waiting for confirmation.

jamaldwayne

USDCAD is nearing a major support line and FIB 236 convergence. At this point the pair could go either way, but RSI indicates that the pair is becoming oversold.

jamaldwayne Updated 

Although my previous BITSTAMP:XRPUSD forecast was bullish, I decided to look at other possible outcomes. If it breaks below the first or second support lines, it will still have a chance to break out to the upside after some consolidation, but if it falls below a major III) line, it will technically be a bear market confirmation.