GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UNION JACK OIL PLC ORD 0.025P, LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI)
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
USDNOK recently saw downside after coming into a key weekly trendline resistance combined with the Norges Bank (the central bank) talking about the potential to hike interest rates in 2019 as their economy continues to grow. Looking to the USDNOK pair technically we can see the market created new lows after rejecting the weekly trendline resistance. Using our ...
-on weekly quite strong resistence almost reached ( order for sell already prepared)
-on daily little bit of a move needed to trigger the trade
-stop based on fibs
-take profit based on structure mixed with fibs
- quite good risk/rewards ratio
KEFI breaks it's downward channel but will it
lead to a trend reversal.
Needs to break 11 to do that.
Wait and see?
IMM matches the adage, "Markets take the stairs up and the elevator down".
- a 15min downtrend in motion if you trendline from the bodys of each candle, price action is now retesting this trendline.
- a fibonacci proves that price action is now retracing off the 61.8% level
- break of countertrend line shows downtrend is confirmed
USDCHF Short Idea. Descending channel, Reached the upper trendline and a resistance area.
Break of 4HR / 1HR Support, retested as resistance in a downtrend, hasn't been able to break resistance for the last to hourly candles, 15 minute showing rejection
Still some downside. Expecting price to reach the 6940 s/r zone. This zone also correlates with the 0.38 fib retracement on the monthly chart. Will wait and see what happens.
Look closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do ...
From pure technical analysis. There are numerous confirmations of Gold, firstly, looking at the Fibonacci retracement; it tends to be trading between 78.6% as a resistance level and 61.8% as a support level. Using historical price action, this would indicate a bounce off the support level found at the 61.8% level. Although, I believe this price will be broken due ...
Breaking out of its trend channel?
Next few weeks will tell us the answer?
H&S in progress at Tullow
Right shoulder forming now
Will it complete and break to the downside?
Wait and see.
Negative court judgement
has amplified the downtrend
which began in April 2015
It also broke below the 7.42 support.
USDCAD pair downtrend, correction bounced of 0.5 Fibonacci level in area around 1.2930
Possible end of correction and continuation of downtrend
US30 broke out long trendline weekly, abnormal movement, so its to expect that we will retrace soon.
First Elliot wave target is more than possible.
After completing the head and shoulder pattern, the neck like was broken and price is now trending downwards in a bearish channel. Last week’s candle hit the bearish trendline support and could be on its way back up to retest the neckline.
A lot of bullish momentum from the dollar recently so i can see it going up to the 114 level which has been tested two times before in uptrend before reversing. However the trend based fib extension states the trend is at 100% of its peak and rejection at this level is showing so alternative short trade may be in order.
Based off previous structure (support & resistance), a descending channel, Fibonacci confluences, fundamental analysis and psychological analysis (interpreting what other market participants will do).