The USDCAD still my favorite BUY strategy. We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive. It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657. OIL is overbought, and any correction there would make USDCAD move...
The ETHUSD is interesting chart. The negative divergence seems clear on the chart. We have lower RSI and higher price action then previous period of high RSI and price. The regression channel has shown that ETHUSD move well within this channel. The strategy is suggested: sell between $ 4,300 - $ 4,500 with stop above $ 4,800 and take profit at lower channel boundary.
As mentioned before on a two occasions, room to the upside existed. My preferred view and still is, the stock is way over done. The Daily RSI 93.0 and weekly one is 83.0. The last time we had such levels, the correction was 50%. The current state is not an exception to that rule. We will see a large decline to correct this strong upward move, as it's to steep and...
The USDZAR always one of my favorites. It behaves well within boundary. Current short-term strategy is a SELL at 15.45-15.50 area. This would show a slightly higher RSI at that point in time. The objective of the trade will be 15.03 and 14.46. Best is to take profit 15.03 and re-sell in rally for the move towards the lower channel. Set stop-loss at 15.89, but...
AUDCAD is a nice cross to trade. The current price 0.9328 is slightly above a well-defined upward's sloping channel. It also is above the BB or into the top of it. Further, from a historic perspective, the RSI is high, and based on past price behavior, the corrections were usually around 150 points. it is my personal view, we may therefore see a decline back...
USDTRY is an interesting currency pair. It had a long run upwards and for good investor reasons. The thing is, it can really be a profitable SELL when it has reached a maximum overbought situation. My personal view, is the current very overbought RSI, and the move above the BB TOP, provides a strong basis for being short at the current level of 9.6200. The top...
The GBPCAD is developing a nice inverse Shoulder Head Shoulder pattern. The neck-line break is around 1.7055. MACD is positive, and we have ample room on the Ichimoku for upside potential. The strategy is to buy current and place stop let's say 1.6957 for an objective 1.7330.
I am still maintaining the view that we may see a move towards BTCUSD 77K. Buy current levels with stop below 58,235 and re-buy above the next stop level below. The overall potential up move calculated on the breakout inverse SHS at around 50k (rounded) remains valid. Medium-term sellers should sell into rally between 63k and 79k for a move back towards 25k.
My mind has not changed for the medium-term direction for TSLA. The current price 1025.00/share is way above the BB and it is kind of a break away GAP. The RSI is extremely high 80.9 (even though we had higher). We further have a case of negative divergence whereby the previous high is much lower than current, whilst the RSI was higher previously compared to now....
Some days back I have been suggesting a sell of GBPUSD. This is a further update on the SHORT sell strategy GBPUSD. we are in a small uptrend channel, and the current support is 1.3736. The Stochs and MACD are still in positive territory, and we have wide BOLL band. The latter suggest sell into rally. The 5-Day MA and 14-Day MA are still positive as well....
Even though I am a medium-term seller of BTCUSD, the short-term picture suggest we may see higher. The inverse Shoulder Head Shoulder pattern witnessed, suggest that the break above USD 50,718 should translate by a USD 27k (rounded) increased price short-term. In other words, for those interested in short-term play, buy in to pullbacks above USD 50k for a profit...
Since we see OIL moving lower in our SELL Oil strategy, the USDCAD very likely will move higher. The weekly chart shows clearly being below the DARK CLOUD cover, but as observed it has been for some time. The STOCHS are showing that we may turn the tide, and MACD seems deceiving showing a SELL SIGNAL. The good thing about technical indicators is, never look at...
Oil has had a good run up for months now. Looking at the weekly oil-chart, and the channel drawn and using a few tech studies on hand, I get the feel that we may see a good correction coming up. The top of the channel is near $ 90/barrel and the support of the channel is currently $ 68.71. The weekly RSI is 72.0 starting to become quite overbought, and adding a...
The level is increasing by day for many months and weeks now. My previous write-up has not changed. In fact, when markets are overdone, they usually run a bit further. After all, we are looking at a medium-term short, and now we are breaking carefully the last high, which was USD 910 (rounded). we may see a spike above it, for the reason it usually does. The...
The daily chart currently shows NEW MOON, indicating a move lower in time. Further, the stochastic is negative, and we are at the top of a regression channel. Sell strategy @ 1.3800 current and stop loss 1.3888, or above 1.3900 (depends to your pocket), and profit objective 1.3600 handle.
Looking at the DAY-chart, it appears that we start to have good reasons to sell ETHUSD at current market levels. The RSI is 70.0 and we further have a NEW MOON, which is the concept of financial astronomy, indicating a decline may happen soon. The weekly-chart (for you to study) also show potential negative divergence, and suggests a much stronger decline is...
The market is still willing to bring the Bitcoin higher, however, there should be extreme caution now. The RSI is much lower currently compared to a previous registered high BTC USD on 12th April 2021, which is negative divergence in development. We are attempting to break beyond 67K, and if so, it will move above 70K. The most likely strategy is, to sell at...