GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
There is possibly a new trend and channel developing for the south.
I'm watching this one carefully and placing alerts at key levels.
Opportunity to short.
Market full of buys.
Touch of weekly resistance.
Longer-term daily RSI divergence (slight one).
Potential for second target in the case of stronger move.
Lovely opportunity. Simple analysis. Sloping channel , bounce off 200 sma. Also check the daily candle. Could be a beauty.
Looking at the daily chart - price breakdown below wedge (in a downtrend). Target of the move down is equal to the height of the wedge at the widest point. target = about $1300
Strong EUR caught our attention on the daily chart , the Euro vs US Dollar is trading @ 1.17681 . This is below previous daily close . If we take in consideration the strong daily up trend as visible on the chart. as well as the fact that we received three consequent up bars the following result should be considered.
Result: according to our trading ...
Possible long term short, with a potential short term buy
Here's a detailed analysis of XRP on the hourly chart.
We clearly had five waves up ( 5 minor waves = 1 major wave up), then we saw an ABC type of correction (major wave 2 = correction). Next seemed like we are about to begin the start of the major wave 3, however, that's failed.
In order to attempt to form a major wave, we have to see another ABC correction. ...
Looking in to this week, Eurodollar daily chart. General long term uptrend, ranging since mid Jan between 1.22 & 1.2550. This market holding its major trendline connecting Dec18 & jan 11 lows. Last Thursday intraday, price looked as though it may break below its trenedline before the bulls pushed price back above. All the while this trendline holds I am bullish ...
Remember guys, keep it simple!
As you can see from the AUDUSD chart it is hugging the daily trendline tight. If it breaks and it is not a fakeout, buy that Aussie to the top! If it respects the trendline, wait, be patient and when the time comes it's time to short.
This doesn't work every time, but it can be a clear signal that the direction of any pair may be ...
XAUUSD rising waveform is formed. I look forward to a rising wave of dual wave motion. The ATR axes (purple line) are steep, so a definite increase can be assumed. The first wave can last up to 1341.45. Then I expect corrective action. Then from the 1316.88 level a second wave. Before the slope may be growing. Because the angle of the second ATR axis is steeper. ...
DXY forming inverse heads and shoulders on the daily time frame, looking to extend to 96.30
The overall daily trend is still in a major upward movement. Indicated by higher highs and the 200 day Moving average. The RSI is oversold, indicating some weakness in the price. Some profits can be booked now or held onto, though new long positions or buying activity can be put on hold until some retracement occurs. When the RSI is lower or if there is a good ...
My thoughts on GOLD
Formed a nice doubletop earlier on in the previous few months and broke through our yellow resistance line to form a new high for the year, before coming straight back down below our yellow support and resistance zone, based in technicals i think we will see a retest of our yellow resistance line and ...
Possible longer term here bullish opportunity on the Pound/Canadian.
The GBPCAD has recently broken out of a down trending 'channel' on the H4 chart, and coupled with the recent explosive move after the BoE's interest rate comments last month, we might be seeing an inverted head and shoulders pattern potentially forming as well. Looks like a little bounce at the ...
A longer-term bullish idea on the EURCHF - D1 - This pair looks to have recently broken out of a trading channel to the upside, I'd ideally like to see some sort of pullback to re-test the top of the channel & possibly the bullish trend line before looking to get long.
Ultimately there is some Fib confluence in the yellow area on the chart, which also happens to ...
It looks like we could be tracing out a head and shoulders pattern here on the Daily chart for the Kiwi/Dollar. I don't usually trade the pair on the Daily timeframe, but wanted to put this idea up anyway for anybody looking at more of a longer term trade (i.e. longer than intraday/intraweek timeframes).
Potential targets, if I were in this, initial target 1 ...
Since the beginning of 2017 this market has been on quite a rally. We started the year down around the $1120s price area and have recently tested that $1280-$1300 area a couple of times. You can see from the daily chart that the $1300 psychological level appears to have held for the time being as we put in a nice big double top back in June. We've since seen price ...