motleifaul

motleifaul Updated 

It took over 3 months to build a new high. Now we got it and may face more new highs.

motleifaul Updated 

We are still below the cloud and very close to it. Thus I am expecting now another correcting attempt down.

motleifaul Updated 

The drop sinve October 4th has been retraced now so that the fall may continue now.

motleifaul Updated 

We've passed the rising resistance and continue an upward correction. As the 38 % correction had been reached already we are facing the 50 % now.

motleifaul Updated 

Anyhow there seems to be some more room to the downside at least. Let's look whether it manages to fall below the declining former resistance line.

motleifaul Updated 

50% of the rise since April are retraced now. As the trend is intact we may expect a further rise.

motleifaul Updated 

...to the downside.

motleifaul Updated 

The bottom is holding and the rate is above a rising support. The previous risung support that had been broken may serve as a limitation of the speed of the rise however.

motleifaul Updated 

The chart is continousely rising. I can't see any sign for an imediate correction here. If any it shall be limited.

motleifaul Updated 

The rising support may let the Kiwi rise further in the existing uptrend.

motleifaul Updated 

Technically we see a correction of the rouble strength.Finally the fallen oil price will be reflected in the price of the rouble. Insofar I can imagine that there is still room for a further decline.

motleifaul Updated 

The trend is just pausing and it seems that there is not enough pressure for a correction.

motleifaul Updated 

I am still aware that all we have seen meanwhile is a correction in an uptrend only. Medium term I don' doubt yet.

motleifaul Updated 

We went a long way up an now we are facing first signs of weakness.

motleifaul Updated 

We are close to the weekly risig support and seem to have found the bottom short term now, so that it is worth to try another long position the more that the uptrend is intact.

motleifaul Updated 

After the large drop we got a new high within the retracement. I can imagine that we will see another attempt tp regain the losses. Trading here requires stopp loss orders ultimately.

motleifaul Updated 

As promised there has been a retracement now and we found another reason to re-enter our long position.

motleifaul Updated 

I'd been stopped out, however the support held. We are in a non violated uptrend. Let's go again then.