In this Video I do a quick analysis of the current condition of markets based on the SP500 proxy index the SPY. I also go through a few weekly data points as I am hoping to publish this every Monday to summarize the week head, and behind. This video is a bit long as I go through all my tools and routines, plus we have a very hectic week this week with FOMC,...
Hello,Traders! GBP-NZD is going up now Just as I predicted before But a strong resistance level Is ahead so after the retest We will see a move down Towards the target below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Previous EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. Thing is that the price is now in the indecision area where we need to wait for a breakout. Next week we need to wait for the price to break out from this range. $1.05825 is the first target for the bulls that must be broken and retested to...
Busy week ahead as September kicks in. As New Zealand and the United States elections slowly approach, the Coronavirus pandemic will most likely be the center focus for many parties and how they handle the post Coronavirus world. Here is your week ahead. Tuesday, 1st September – Germany’s Inflation and Unemployment rate Like most of Europe, Germany is...
1998 PANIC LOW 12/26 LOW OR A SLIGHT NEW LOW
AlphaBet GOOG Defining Day Ahead This turned a little tricky on Friday. A mean/invisible gap on the 15 minute chart and not even there on the 60 minute completely arrested the decline fully 8 bucks above the 1180.85 target line. The stop was then lowered to 1201 to protect what was left of the profit from any shorts from the 1206.28 line - the original gap...
This is the daily BTC timeframe looking at the downtrend. We hit a possible reversal point which will lead us to the next Lower High (LH). If we manage to break the yellow line, expect bullish momentum. (This is not financial advice, this is a volatile market where anything can happen)
WTI USOIL: June 3rd Trade Points for Week Ahead Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week 1 pip below the next key support at 65.55 - and busted out...
ETHUSD Update and Key Levels Ahead Won't quit - grinding higher off a new little dynamic still forming - so far so good still. First support for day traders at 589. Then Near term support building at 564 with more important medium term support at 543. On the upside we can see clear congestion at 610 up to 615 - an eventual break and hold above here would be...
FTSE 100 Index UK100 Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse wave and chanelled down the smaller falling pair of parallels from the new high. Whist constrained within the channel FTSE remains vulnerable to further selling pressure back to the first minor support line at 7691. Failure to hold here will trigger a...
WTI USOIL Week Ahead WTI has fallen away in a straight line ever since the short triggered on Thursday and is now around 390 or so pips to the good. It should fall away a little lower still, towards the first support line at 67.22 and can spike down to 66.48 at likely lowest before it starts to bounce away to the upside again. Look to close out at least half...
Bitcoin Saturday Trades Bitcoin survived through the night by moving into a triangle formation off the lows before breaking into the weekend with a break above the uppermost parallel, followed by a sweet and successful retest of the same line from above once broken, before finally rallying again off the dynamic and triggering the first long for a while...
ETHUSD Still looks in good shape for a test of 741 and then 768 this weekend and further out in time looks likely to test the 896 level too. Right now it's waiting on Bitcoin to break higher - which it should do later on today. The overall trend remains positive and retests of the lower parallel are still buying opportunities as the rally moves higher.
Facebook:FB Life And Times This chart shows Facebook from it's IPO to the present. In less than 6 years FB has risen from an all-time low just under 18 to an all-time high at 195. Once or twice per year it usually makes a rough 20-24% correction - but, as with so many stocks, has not corrected properly for over 18 months now, ever since the election...
Bitcoin: BTCUSD Next Trade Points Saturday Yesterday's price action has created another bear flag, smaller in scale than the one sitting above it, but so far quite simailar. It looks to be better defined than the last one which hopefully will create a signal worth trading off when it comes... The overall pattern is still bearish so the break, when it comes,...
Bitcoin Bitfinex Happy Monday ! For once this hardly really needs updating. Should rally to first target at 10112 later today but is once more a little extended and can spend time consolidating - quite a long time if it wants - before rallying again. Just stick with it or look to add on dips. It should rally to 10448 and then 11590-11620 later this week.
Nasdaq 100 Index NAS100 The gyrations of February have created some interesting patterns on Nasdaq. After rallying to double top around 7000 it has subsequently fallen away to create a continuation pattern under the high, finishing the week by closing at the upper parallel of what may be a bull flag in formation. For that to remain the case Nasdaq has to...