jamaldwayne

jamaldwayne Updated 

It appears that U.S. dollar fall is imminent. The DXY has completed the H&S formation.

jamaldwayne Updated 

Gold has been making lower highs and lower lows since 8 September. The recent rally lasted exactly 10 days and resembles the previous secondary trend we saw in October. GOLD is nearing a point of convergence of multiple indicators, both bearish and bullish.

jamaldwayne Updated 

Looks like EURUSD pair is forming upside down head and shoulders, which means we will see further slip to complete the second shoulder followed by a reversal to the upside.

jamaldwayne

After a dramatic rise and subsequent correction looks like XRPUSD has found a strong support and stopped the bears from taking over. The next 24 hours will be crucial for further price movement, the break above resistance will draw the bulls back into action, but if it will confirm that we're in the bear market.

jamaldwayne Updated 

A few more days will show us if FX:USDOLLAR completes the right shoulder and tumbles through or continues to trade upside.

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TVC:GOLD continues to trade within an upward trend sending bears into winter hibernation. As the FED interest hike is baked into December, and the Global stocks markets catching a cold, Gold trend up seems to be gathering momentum. It broke above the channel and hit 78.6 Fib level finding a support at the upper channel line. We might seem a sideways movement and...

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BITFINEX:BCHUSD broke above 61.8 Fib entrancement and is sitting comfortably above it. Although the volume is light and MACD is difficult to read the Moving Averages are lined up in a bullish trend and the price is moving up. The first TP is 1545.

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MOMO broke above the trend line. If it stays above the 38.2 Fib at USD 31.39 level this could be the long awaited reversal, but the MA's are not lined up yet. It's also likely that the price will fall through the new found support and keep going lower, or even fall back below the trend line, which is the least likely case.

jamaldwayne

NASDAQ:JD is the stock I hate to love. The company's stellar revenue growth doesn't seem to be translating into the price. JD will remain trapped in a downward trend until 50 MA moves above 100 MA and the price breaks (and holds) above the trend line . MACD is looking positive, and the trading volume is picking up indicating an exhaustion, but it's still too...

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Up until September TVC:IBEX35 and DAX were moving downwards in a tandem, but DAX then made a sharp and quick reversal leaving it's Spanish peer behind (see 4 hour chart) . Fast forward to the end of October and the Spanish bulls have returned with vengeance reversing the long term trend. The market moved fast, way too fast and it's not surprising that it...

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Strengthening dollar and ever rising stock markets have been depressing TVC:GOLD . It's still trading within the upward trend, but the signals that bears are making a come back are everywhere. First, 10, 20 and 50 MA are aligned in a downward trend order. Second, looking at the support and resistance levels GOLD has failed to stay above the Support level 1 and...

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EURUSD pair has developed some very interesting and mixed signals. The upward primary trendline has been broken, which is the first reversal signal, CCI and RSI are also pointing towards trend reversal. To confirm the bear market the price needs to break below 23.6% fib 1.1720 level. BUT I have also noticed a bullish pennant developing and MACD has no clear...

jamaldwayne Updated 

EURUSD has recovered from the lows and appears to be forming a bearish flag formation.

jamaldwayne Updated 

GOLDUSD Bull market has lasted 260 days from mid December 2016 thru to September 2017. We saw Three full intermediate up cycles and probably the Bull market reached its peak in September. Had it not been for Geopolitical concerns and military tensions between U.S. and NK, the Bull market would have finished in July. CCI and KST are pointing towards a bearish...

jamaldwayne Updated 

Gold has been trading within an upward moving range-bound channel since the start of 2017. The primary trend remains upwards, with secondary corrections. Whilst investors Globally have turned towards riskier assets amid sustained economic growth low interest rates and low inflation, Gold is likely to see another correction. In previous sessions prices formed head...

jamaldwayne Updated 

NASDAQ 100 tested new highs touching 6000 mark twice in the past week, but failed to break the Fib resistance. RSI developed a bearish divergence trend suggesting another dip might be coming. Meanwhile CCI is sloping down and touched 70 mark, in previous sessions this followed with a correction when breached. A small correction towards 0.786 Fib support is not...

jamaldwayne Updated 

BTCUSD is trading in a clear primary downward trend. Looks like we are seeing a developing head and shoulder pattern; today the price fell below 61 fib retracement and is struggling to break out. If it completes the right shoulder it will fall further towards 78 fib retracement. 50 MA is above 20 MA and RSI bearish divergence is consistent with the forecast of...