Bitcorn has been Bullish since September and recent dumps have been quickly eaten up, it looks to continue on the daily. A powerful Bullish wedge break occurred last night with no signs of a re-test .
I see 780.00, 800.00 and finally 820.00 (ish) acting as resistance
Impressive rejection from 1.00 which has been a key zone and some room to the downside on the daily.
Needs to clear 200 MA and 99.00, targets around red lines.
Could fake and push back up for another crack at 1.00 , the trend is bullish
I'm Looking for XAUUSD to head down to the 55-50 area , Most bullish attempts have been capped around the 1280-90's last night and there is still some room to the downside IMO . The 1270- 1275 area May provide support and will need to be cleared .
T1 - 1274.50
T2 - 1255.00 ish'
Short term wedge looking to close soon , sell or buy the break .keep an eye on 'R1' & 'P' pivots
I'm Bearish on the pair and think it will break down
some support clustered around 113.50 - 113.00
Trade it as you will
As talked about in a previous chart , USD/JPY hasn't stopped falling since it got rejected from a weekly wedge/trend line ,
This confirmed the pair as longish term Bearish IMO .
might be a small correction soon
Solid run by this pair today , looks overextended but still being propped up by oil , there are some levels around 118.20-118.70 that should hold & a short back down looks good . Could poke higher and mess up some stops
Target 1 - 117.80
Target 2 - 117.50
A multi year USD trendline + supporting MA looks broken this could single a downtrend for the pair , a break of 116.00 levels would confirm this . The pair may also fall into a range between 116.00 & 119.00
After a crazy recovery yesterday to stay in it's range and not totally melt down, oil looks to be at the topping out running into a Gann fan level and high resistance area . A short looks tasty back down to the bottom of channel, Alot will depend on the open
1st target - 37.15
2nd - 36.90