After approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline. After reaching the 50.00% Fibonacci retracement level. The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of...
After approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline. After reaching the 50.00% Fibonacci retracement level. The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of...
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart. If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards. - Safe buy target: 676 (after bullish break) - Risky buy target 649 -> - Sell target 765 -...
As XMR has a small pullback from its strong upward trend it prepares for wave 5. The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit. On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish...
After first push until previous all time high, REPEUR breaks out of triangle in a bullish way. Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618. MACD is showing turning direction in bullish trend. Buy target: 24 - 26.5 euro (break of previous high) First stop: 33 euro Second stop: 40.5 euro Good luck.
Last days Augur (REP) finally rallied up hitting the September high of 26 EUR. From an Elliot wave perspective: Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is...
CHXEUR:SNIO Stolt-Nielsen is in an uptrend, and it just hit bottom. There is a decent profit potential, to little risk, if you have a target at 145 and a stop loss at 110. It is a slow moving stock, and the low volatility should mean, that you don't get to experience any unwanted surprises.
The DAX has clearly broken its March rally in April, with lower highs proof of growing sellers. The break through of the blue support line indicates a lack of buyers, and this morning it switched from support to resistance.
Let's look at the really big picture again on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...
CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued...