Nice fib confluence on Cooper for short. The 78.6 from the impulse leg down almost overlaps with 113 fib ext. (chart) and comes right into the upper TL of this ascending channel. Another bearish setup just a bit higher @3.19 on bearish bat. Both setups for a nice CT move.
GBPNZD is at 50 fib from last impulse leg down with RSI @50. This one requires waiting. The PA could go either way including sideways forming a CZ. At least we have targets fro both paths - the channel boundaries.
By making higher lows and higher highs Gold looks bullish at the moment and might regain 1300.
The very steep rally stopped at 113 ext. of previous high. NU going to test the breakout, or ret. all the way to supp. #1 at channel median line? But one thing my attract the PA to 88 level - the fib confluence of 161.8 and 113 ext. Very possible run to 88 on NZ employment data this and next night.
Nice ascending channel with a bullish cypher.
As seen in the daily chart, EURUSD has been bullish in spite of recent favourable USD news. Will EURUSD break the 1.39000 and keep the uptrend, or bounce off of it and return towards 1.38000? I think the bullish trend will not stop and at end of this month close even higher than at the beginning. For now, I would see a bounce off the major resistance line "1",...
Will ECB allow EU to rise towards the 40 even handle? The fib. showing levels around 40 to be reached. Bullish trend intact as well as the ascending channel.
1st Resistance on the upper level of the ascending triangle and the Resistance Line from week 9 Jul 2007 and 15 Aug 2007. 1st Support on the lower Line of the ascending triangle. 2nd Support on the Tentative Up Trendline. If price close above 6,860 , the next and the last Resistance Level is 6,950 from week 27 Dec 1999.
The gartley fits nicely in this ascending channel for a long on CJ
UJ is a really tricky customer. There seems to be quite a bit of long sentiment at this level which leads me to believe there is further weakness to come. I propose we are in the descending 4th wave of an ascending triangle with a downside target of +- 99.50, before the final 5th wave begins and takes us into the 108 handle. I would not be surprised if we get an...
I hate messy and overloaded charts, but this one seems too perfect. First off, we have been in an ascending triangle since February. SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence. We still haven't...