Gold will start bulling soon especially as people realize how low the price is and invest! I've drawn two very rough graphs showing possible scenarios. Again, these are really rough and should be taken with a grain of salt. Make sure that you see a bullish trend before investing though investing at this point might also be a smart idea (downwards trend is...
After yesterday’s dovish Draghi and strong retail data from US, we saw the dollar index sky rocket. After briefly retesting support yesterday, it shot up to test the 95 level again, a very strong resistance now. Today could be a day for retracement and some price action stabilizing. Mario Draghi seems happy to with weak euro, perhaps in preparation for trade...
After OPEC' announcement about global demand decreasing yesterday, it put downward pressure on oil. Canada being a major oil exporter have a very oil-affected currency. Decreasing oil prices usually weaken the CAD. ECB is expected to start decreasing their stimulus programme tomorrow, while keeping rates unchanged. Press conference after the rate will be the key...
Today despite the historic event in Singapore, with Trump and Kim signing the agreement for cooperation and denuclerisation. Sanctions remain so far for North Korea but it is a start. Market reaction has been muted so far, since we are waiting for FOMC interest rate decision and ECB as well in the coming days. EURUSD formed a symmetrical triangle after executing...
Hi Guys, I posted the same thing before but I guess you people were not able to see the waves clearly so that's why I am posting it again so that you can see waves clearly. My apologies for that. Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the...
After a big sell off in cable, due to poor economic data in UK and cancelled rate hike in May, as well as, dollar strength, GBPUSD hit a major support and is currently having a pullback. Next potential sell off continuation is with a break of 1.32 level, which is also the 50% fib retracement, targeting the next support area above 1.30. The pair is very...
AMD has had an awesome run but is currently testing levels that have so far been crucial in beating down price... What price will do next nobody knows but knowing AMD it will probably be interesting! Looking at the weekly chart shows very clearly the two peaks at the higher level and the multiple times price was rejected off the level below that. Going short could...
Time to go Long now! Short around 8500 USD!
After completing the MPO of the H&S pattern, daily 200 SMA and 50% fib level now provide a strong level of support. A break or the bounce from the level can provide good risk-reward opportunities. No significant economic data from Canada, while inflation data and several speeches from BoE's Mark Carney will affect the sterling this week along with Brexit...
Currently $btc holding on strong support zone at $8400, a healthy much needed retrace. Hope, it will hold and continue marching higher, otherwise another leg down to $7800.
I think I have a good count on TRX and if all goes well could reach 1250 sats Main reasons for a long position We are bullishly diverging on the RSI We are upticking on the histogram and MACD We found good support at 850 sats where the ABC count completes and is bouncing between a fib area If the count is correct then we should be starting the fifth wave...
STORM/BTC forming a cup with handle pattern. BUY: 685-700 SELL: 774-880-935
I was looking at different FX charts last night when I found the Daily tf of the CHFJPY.I had a look at its chart to investigate the development of price action so far. What I found that jumped at me from the screen was this monster double top pattern. The first top of the pattern formed on July 11, 2017 and what is interesting to see here is that the first top...
Look at the trend-lines, they tell the story here!!!! This is not a place to predict the future; this is a place to watch, see, analyze and be re-active in a pro-active manner. RSI and MACD Bullish Trend-line are still in-tact and so is the Price Trend-line so for now all things are in favor of the bulls... I think .713 - .74 area, which is in the Triangle...
Probability For long positions by wolfe wave patern continuation on btcusd h4 chart.
ATH High For Ethereum At 1400.00. We're currently taking strides to penetrate our support zone at the 400.00 Zone We have another support zone near the 150.00 Region. TP: 1900.00
COULD GOLD PRICES VIOLATE OUR RESISTANCE ZONE? I think that a bullish movement on this metal is in the works, we could see GOLD appreciate to highs of 1350.0. ULTIMATELY eliminating our current resistance zone , and smashing through our ceiling at the 1360.00 Region! Lets wait and see!