$USDCAD still didn't reach my focus zone near 1.34. Despite it recent strength is hasn't climbed enough to complete the pattern and with the $DXY showing signs of reversal, I have to consider possible pullback before further climb. In the chart you see two different scenarios to monitor over the next few days/weeks: 1. Pullback towards 1.28 - If the price will...
$SYMC is about to report next week and from the weekly chart analysis there are interesting patterns on both sides: Starting with the the general stuff: 1. There are three major structure zones I see in the chart (naturaly there are other, but the ones I mention here could be also targets for the different scenarios I'll mention below): 18$, 22$ and 25$ 2. Two...
Just few ticks away from initial target level. I guess its a good time to take profits
Yesterday's winner was the bearish Bat I posted here that sent $SPX from the trading range top (2110$) to the bottom of the range today (near 2070$). Now we have a bullish pattern towards tomorrow's NFP. Completion near 2070$ and potential targets are 2080$, 2088$ and 2100$. Notice that we are really close to the 200 SMA line (see on daily chart). Notice -...
Since $USDJPY broke out of a daily Triangle above the 120 resistance zone (now support), it rallied 600 pips, decline back to broken structure and bounced back from it, proving that what was resistance is now support. On its second upward wave, $USDJPY formed a bearish Cypher pattern that its PRZ caused a 150 pips decline. The price found support on the 50 SMA...
Posted earlier before ISM data and since completion it has reached both target level. A close below 2100$ will be a bearish signal for tomorrow's trading session
Top of the main trading range.
$TSEM is going to report today and it is sitting on a minor support zone - 12$-13$ As you can see, $TSEM is still in a daily uptrend (see green uptrend line) and as long as the price remains in this trend, $TSEM could be heading towards another attempt to breakout of its Weekly Triangle pattern. In case that the trend line will fail following $TSEM earnings, the...
$HD is showing strength in a consolidating market and making its third attempt to break the 118$ resistance zone. Right now, 118$ is a strong resistance that may hold and send the stock back down to test the bottom of the rising channel you see in the chart. If $HD breakout attempt will be successful and the price will close above 118$, it may rally towards its...
Two bearish harmonic patterns present short term bearish opportunity in $AUDJPY. Earlier, before RBA's rate decision, I actually took a bullish trade based on a setup (aggressive C entry) I sent to the Elite Zone members, with entry near 90.3. That trade is up about 150 pips right now and I'm looking at possible short term pullback towards the 91 zone. We have...
In the chart you can see two harmonic scenarios for $AUDJPY that could present short term bearish opportunity on this pair. Earlier, before the RBA trade decision, I took a bullish trade that I sent to the Elite Zone members based on Aggressive C entry near 90.3. That trade is already up almost 150 pips and now I'm looking at possible short term pullback towards...
Now that $AAPL broke below the 200 SMA line (daily) as I thought it will, the 50 SMA line is what holding $AAPL from falling towards the 38.2 Fib near the 100$ zone. If you are bullish (still??) I would target 125$ as potential target level and there to be very careful as it should act as strong resistance now. Subscribe to the Weekly Markets Analysis - goo.gl
Top of trading channel and hourly 200 SMA line Addition information for my previous post
I'm not sure that it can, but if $DAX can continue higher and close the week above 11400, it could be a longer term bullish signal for stocks with possible breakout from a descending trading channel. Although I'm talking about a weekly close, I'd be really interested in seeing today's close. A close below 11,400 will support my assumption that all we seeing...
$EURUSD opens above its daily Fast SMA line but still below 1.1 In the Weekly Markets Analysis (press here to read - goo.gl ) I explained and showed how 1.1 should be your focus zone. If you are bullish, you should wait for a close above 1.1 and than probably target the downtrend line and the 50 SMA line (nearest resistance). For extended target you can aim for...
Earnings analysis for $PCLN: $PCLN broke out of a weekly trading channel (red dashed lines). but it did it with a gap that closed as a bearish Pinbar. 1260-1280$ is a strong resistance zone with the figure level of 1300$ coming on top of it so there's plenty of resistance ahead if $PCLN intends to reach new record. As long as the price remains below 1300$. the...
The cable settled above its 50 SMA line after a volatile week. The rate hike talks cause increased intra-day volatility as we approach decision date and as long as the trading channel you see in the chart remains valid, I see bullish potential in $GBPUSD. The question is where will the price rally from? Will it rally from the 50 SMA line towards the bearish...
$AUDUSD suffered a 3700 pip decline from its 2010 peak and it seems like the end is near. Why am I saying it? Two reasons: First - 0.7 Is 200 pips away and its the 78.6 Fib and also a major monthly support zone. Second - The bullish setup shown in this chart: AB=CD pattern, Fibs extensions confluence zone and daily Outside bars can play out to be a nice...