Political pressure no longer exists. JPY plunge a main priority for Abe now.
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones. Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. ...
We have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764) Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i...
AUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time: 1- We have seen Monthly Trendline reached and had a reaction upward fomr here. 2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270) We...
Breaking through the support -> Short . By taking a close look at the candle stick chart, you can see "Hang Men" Candles, which signals a trend change. USDJPY will first run out and than will change to a downward trend . If it than going break through the resistance, which originated in October 2015, downtrend will be confirmed!
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GBPAUD currently hitting resistance line of a bearish trend since September last year. Taking Fibonacci from the highest point of the current trend (in August last year) and lowest point from April this yea), it hits 0.3 Fib level. Structure + 0.3 Fib + Over-bought daily chart, all indicate short. Good luck!
Either Bitcoin is about to soar, or stocks are about to drop, or both.
Bearish Harmonic with PRZ @ 1.1495-1.1510 for target 1.14-1.1370. The pattern fails on the breach of 1.1530 levels
I predicted the reversal at point C and if this follows its pattern there should be an option to sell around 1.13800 and it may be a good idea to hold this a while. we are nearing a very popular resistance point as well. let me know what you think of this. its one of my first attempts with Fibonacci.
The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.