USDCAD H4 - Looking like support is threatening a breakout. Ideally want to see a pullback to 1.35 after breaking support to see if we can jump in with shorts. Just need to be mindful of fib pullbacks for when we look to set a new LH, because this could end up in the 1.35500 region based on the sequence so far.
USDCAD H4 - Super strong bounce from that 1.35 handle, played out really well, incredible RR, one of those zones we said to definitely wait for. As we approach 1.36100, we want to look for possible resistance and short setups.
USDWTI H4 - Plenty of time left on the H4, still an hour to go, but a break would be nice, we have been ranging far too long on WTI and some other pairs. Sideways markets are horrible. A break of $41.00, retest and then break of $41.50 should clear some space. Wishful thinking though, given the fact we have been moving sideways for over 5 weeks
Fundamentally this AUDUSD been down trending due to slowdown in growth in China. Some of the slowdown in China is due to confidence collapsing due to trade tensions with the US, but yet to see any hard evidence of tariffs impacting Chinese companies. Interestingly in Q3, tariffs have boosted Chinese manufacturing and exports as companies front run the effects of...
Since April Gold -0.50% has sharply declined and is now horrendously over sold. In fact, the weekly RSI is the lowest in almost 12 months, right before the market rose back towards the highs.
Short sellers have battered this market, and there hasn't even been any meaningful profit taking (intermediate retracement), which means the vast majority of the short...
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Two ways for BCH to the USD this time, strong support is showed around 1200, if it breaks that we could potentially see BCH falling down to around the 170 mark in the long run. Otherwise, it could follow the previous trend of a short bullish move, back to support, back to short bullish move and so on.
BCHBTC just broke bearish from its triangle and altcoin-Bitcoin pairs generally look like they're due a sell-off with Bitcoin appearing like it might be in a position to rally again soon. However, if/when BCH returns to the lower trend line indicated above, around the psychological 0.1 BTC level and .786 fib retracement, I would regard it as an attractive buy....
I applied Fibonacci Retracement to the Elliott Waves (which all follow the rule to my knowledge), with Wave 5 being the exception as I predicted that with that last time BCC got listed on Coinbase. The support and resistance is calculated from the behaviour of the coin in the last few weeks. The timing is based of an average of a-lot, and I mean a-lot, of...
Political tensions between US and Russia and the uncertainty in the Eurozone affected global markets yesterday. Investors were seeking long positions on safe havens such as Gold and the Japanese Yen.
Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting...