jasperlawler

jasperlawler

Crude rounding out and putting in a bottom ? Technicals - $76 is the old peak from 2018 before the crash into -ve territory in 2020. Price has fallen heavily from the highs, looks due a bounce Fundamentals - Bullish arguments include China's economy coming back from zero covid, inflation lower but still high, US recession risk priced in

jasperlawler

Interesting moment for the buck. Technicals - the leg down from 14-year highs has been fast-moving and now looks oversold. We've just nabbed the 50% Fibonacci retracement. A move back over the twin peaks could confirm a lot more upside Fundamentals - Expectations for a Fed pivot combined with a 'soft landing' in the economy have sent the dollar tumbling alongside...

jasperlawler Updated 

News shows Putin's party probably won parliamentary elections in Russia The Russian MICEX index rallied from 200K at the bottom (March 2020) to over 400K (Sept 2021). The index put in a small bearish shooting star last week. Confirmation would be if it broke the rising uptrend connecting lows of past few months

jasperlawler Updated 

The bearish combination of a possible double top and broken rising trendline suggests GBP/USD will test the neckline of the pattern. If the double top completes, the price objective is 1.3120

jasperlawler

The monthly chart of Brent crude oil is breaking out from a downtrend line that began at the 2008 peak. Is this the beginning of a multi-year uptrend in oil ?

jasperlawler

The DJIA just broke an uptrend line that's been in place for over 6 months and most of 2021.

jasperlawler

A look at the following downtrend in the AUD/USD currency pair shows 3x 300-pip swings that start and end close to round numbers. The swings in the price sometimes stop almost perfectly at the round numbers, but sometimes they fall just short or runover them before reversing. Which one happens doesn’t matter for the purposes of a swing trader. If you are...

jasperlawler

XAG/USD dropped alongside XAU in June but the price is consolidating rather than falling off a cliff. Is this accumulation before the next big rally?

jasperlawler

USD/JPY is in the midst of a possibly very meaningful breakout - scratching a possible double top - and continuing to move higher after breaking a 4-year down-sloping channel. The implication is a new long term uptrend

jasperlawler

Bitcoin is moving below $30k and to new monthly lows after a death cross. What is the death cross? its the 5 day moving average crossing below the 200 day moving average. It suggests the longer term trend has turned bearish.

jasperlawler

Using the 54% decline that has occured to current levels, and projecting them down from the current H&S neckline takes us down to $13,500 for BTC/USD

jasperlawler

This correlation is a bit of a stretch but you could say Bitcoin has been topping this year while dollar has been bottoming... ? Conclusion: If (post-Federal Reserve meeting) USD rally continues, BTC could be in deeper trouble

jasperlawler

The Breakout over 0.73 is not yet confirmed by a daily close - but if/when it does - it could set up a new yearly high and test of the 0.75 handle.

jasperlawler

Switzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days. A new taste from investors for value stocks outside the US has contributed to the strong performance. If the breakout holds, it suggests new bullish phase for Swiss blue chips

jasperlawler

When the fundamentals are inexplicable, sometimes there is some sense in the technicals... The drop in BTC/USD over thep ast 5 days is a near-perfect measured move below the rising channel it had been in since March. The $30k level where the priced bounced yesterday found support from the February lows. The price is now back at its 200-day moving average, which...

jasperlawler

We learned in the news today thanks to a 13F filing that Michael Burry of 'Big Short' movie fame placed a huge short postion in Tesla somewhere between Dec 31 and March 31. Hed did reveal in a tweet that he was short in early December, presumably with a smaller position "So, @elonmusk, yes, I'm short $TSLA, but some free advice for a good guy ... Seriously, issue...

jasperlawler

The price of gold has now risen the hight of the double bottom pattern above the neckline of the pattern. It even produce a nice re-test of the neckline for a confirmation buy signal along the way.

jasperlawler

It can be seen that the GBP/JPY forex pair has broken above 150, pulled-back and tested the area and is now moving higher again. This comes after potentially putting in a long term base at 125