mariobillz7

mariobillz7

After finding support at a major demand area on the daily the Pound AUD is about to peak up bullish momentum to at least 61.8% of the entire drop. Looking at our MACD we can clearly see a bullish divergence while price kept coming down in the month of July, that is a sign that momentum is shifting and the bulls are now gaining control

mariobillz7

After doing a 61.8 of the fib starting from the top, oil has been ranging at the golden ratio while also creating a bearish divergence on the MACD which confirms we have momentum shifts from longs to shorts. Our target is down to the 38.2 where we have a broken structure waiting to be retested

mariobillz7

EURGBP has broken out of the 4hr/daily bearish flag which started from around April till July..We now await a drop back to the support 0.87000 (start of the flag) for 400pips

mariobillz7

After been on a mini bullrun since March 2020 we are now about to see some good retracement on this pair, at least a 61.8 which would align with the formation of an inverted right shoulder on the daily/weekly timeframe. Stops are 60pips for an overall target of 400+pips, first take profit is the support at 38.2 (0.6400) for a 200 pip target

mariobillz7

Looking at weekly chart of the NZDJPY we can see a 78.6% retracement off the drop that started 16 Dec 2019, and we can clearly see a double top formation with the first top formed 8 June 2020 and the second top formed July 2020. On the same weekly chart, drawing our fibs from the impulse move of 15 May 2020 to the 2 tops we can see price is currently slightly...

mariobillz7

The AUD has been taking the EUR for a ride since March 2020 with little chances for the bulls. On the daily time frame we have a downward trend line starting from April which has just been broken and retested. On the same daily we also have something like a double bottom as price has been trading within this range for about 8 weeks. With such a base been built...

mariobillz7

From the top of the drop down, Price has just done a 61.8 Fib retracement and i expect a retracement back to at least $25 in order to create some sort of higher high before continuing upward as the recent move has been very much over bought without a major pullback. On the MACD we have a bearish divergence indicating that the buyers are losing steam and pulling...

mariobillz7

The DXY is currently trading at around 96.62 just after breaking the bearish flag which it was in for almost a month after the drop from it's high of about a 100. With a break out of the bearish flag i expect to see the Dollar drop to around 93 which is equivalent to a -61.8 Fibonacci extension off the retracement Fib level starting from the high of the previous...

mariobillz7

Earlier last week (Monday and Tuesday) we saw the EURUSD broke out of the bullish flag, only to do a retest of it during the later days of the week. After successfully retesting the upper trend line of the flag, we can now look for buys to the upside and for new higher highs. It's only the start of the week so we need to see bullish momentum and volume for this to...

mariobillz7

On the 4HR of the EURJPY we have a Higher High and a newly formed Higher low which has also formed with an inverted head and shoulders. This is good setup with a nice Risk to Reward Ratio. I'm anticipating a new higher high formation which would also be a wave 3 off the initial impulse move that started around the 7th of May 2020. Our stop loss is currently below...

mariobillz7

Earlier last week (Monday and Tuesday) we saw the EURUSD broke out of the bullish flag, only to do a retest of it during the later days of the week. After successfully retesting the upper trend line of the flag, we can now look for buys to the upside and for new higher highs. It's only the start of the week so we need to see bullish momentum and volume for this to...

mariobillz7

After 31 days of consolidation, the EURGBP has broken out of it's bullish rectangle to the upside, next level is the upside resistance which is approximatly 175pips from current price. We may see a retest of the top of the rectangle but overall bias is bullish FX:EURGBP EURGBP

mariobillz7

The DXY has been narrowing up in the rising wedge pattern which can be clearly seen in the 4hr and 1hr chart since the previous drop.Technically, a rising wedge formed after a huge drop is a catalyst the sellers will be looking for to enter and continue their shorts from the top of the wedge while anticipating a break to the downside and a continuation of the...

mariobillz7

Gold did a 78.6% retracement and broke out of it's 4hr channel to the upside, which turned out to be a bull trap as it's back trading lower into the channel.. Support is at 1296 and i expect that to hold, if it doese't it could trade lower to 1260

mariobillz7

The week has been favorable for XRP as it found support at 0.44 and currently trading at 0.56. My projection is 0.65 which is a 61.8 retracement off the previous high. If the bullish moment persist we should see a move uptill 80 cents before the week ends

mariobillz7

Stellar Lumens coin XLM seem to have found a level of support at $0.18 and currently trading at $0.22. On the weekly we can clearly see two touches on the trendline forming into a double bottom formation. The Q3 of 2018 could see the price of XLM surge to $1 and above from the incoming bull run. My advice is buy some more and HODL...