EURGBP looks as though its going to have a volatile downtrend before we get a substantial pick-up. Position wisely if you want to trade this band.
We are in from 119.996 to the long side, 120.400 will clarify whether this continues in the longterm or its just a retracement do the previous bearish move.
A break to the upside presents a good buying opportunity and a break to the bottoms presents a good future buying level. This is one to watch.
Bitcoin really got a boost from the dollar weakness and according to our volume analysis, buyers are still quite invested so my guess is we get another push to the upside.The $1047.00-$1060.00 provides an excellent shorting opportunity. Keep an eye out for seller volume.
Bitcoin has really pushed above everyones exceptions and I'm sure this has turned plenty of sellers into buyer. However, I'm not convinced that this goes on for too long. I think we are setting up for a selloff.
I think we get one more push to the top. Sellers are really showing their hand and buyers have weakened quite substantially.
Gold looks to be pushing up once again after a bit of consolidation. Volume declined as we dropped so i don't think we are ready for a sell-off quite yet. watch out for $1252
The dollar has seen a very steep selloff during the past two days and has now entered the attractive buy-area...Stops at 97.550 and multiple take profits. There could be one more dip to the downside but I think this price area is very attractive for a long term play to the upside.
I still think that the dollar may appreciate against the yen. Sellside volume is declining as we get lower
The dollar's had a great bull-run, but it looks like we may have reached the top. If we begin to consolidate strongly, look out for weakness at the bottom of the dip as that may present an excellent buying opportunity.
I think it may be time to start considering a dip, we have had a great bullish move but its starting to get extended.
This wave up is proving to be really complex, which is usually the case as the market clears weak buyers and sellers before finally breaking. short-term long before a violent short that should rest below 900
The dollar looks to be showing signs of a turn around. There hasn't been much volume from the buyers, and if we haven't already bottomed out, we should be able to comfortably find a bottom without hitting our stop losses. This is a longterm play, which is why why we have multiple take profit levels, enabling us to get out if the longer term view becomes less likely.
The dollar may have one more leg to go, nothing too big, but it provides a more optimal shorting opportunity.
The Euro is looking very nervous. If we fail to go over the 1.0819 handle it could spell a selloff for the Euro. I personally think we are going down because the Dollar is looking like it wants to show strength across the board, but there is still a case for a test of the highs. Next week will definitely provide some perspective.
Looks like we may have completed or are about to complete a cycle. Short until the next great buying levels.
Very interesting picture. On the larger timeframes EURJPY looks bearish. We look to have completed a 1st wave down and are now consolidating into a complex 2nd-wave. If the picture we have developed is accurate we are setting up for one HUGE sell-off.
Bitcoin looks like its got some more upside to do before selling off. It successfully drew in early sellers, now we watch to see how it behaves after $1030 if it gets there. Long to $1035.00 and then short!