. Ripple/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. There is a possibility of temporary retracement to suggested support zone (0.29000 to 0.26000). if so, traders can set orders based on Price Action...
OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. There is a possibility of temporary retracement to suggested support zone (104.00 to 84.00). if so, traders can set orders based on Price Action and...
The exchange rate will continue to follow my analysis. In this case, it is seen that the first fractal movement path is formed. Apparently at 2x ATR. In the event that the track construction rule is unchanged, the southward correction level may be 9500 usd. 16% decrease from current level.
Bitcoin (BTCUSD) is now aiming to challenge late June's high which is sitting at ~$13,900.
When I saw yesterday's candle, I looked back at the 24 of June and said, "If Bitcoin closes above $10,900, it will go to $12,000 tomorrow...", I am saying this because I believe we will have another full green candle tomorrow based on how the late June's candles closed....
. There is a possibility of temporary retracement to suggested support line (129.06). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
The exchange rate may continue to rise, but the chance of 20,000 usd target prices is diminishing. I find the copy of the fractal seen in the analysis probable. The target price can be around 17000 usd. This is an additional 74% increase.
Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term....
EUR has been really strong against the GBP which is struggling due to Brexit - DEAL OR NO DEAL uncertainty. I predict that there is a short opportunity within this market for the time being. Using the Fib levels , will have to wait & see if price reaches any of the crucial levels (0.618/0.5/0.382) before the down trend continues . Alternative if the Bearish...
I thought it would be a good idea to share with you my plan for the coming week.
New Zealand dollar
This pair is very bearish both on Monthly TF. It made several attempts to go lower and each time failed BUT it is still below both trend lines and both EMAs therefore it is still bearish. On the Weekly TF also last week it came back below...
While the price is above the support 1.1000, beginning of uptrend is expected.
We make sure when the resistance at 1.1450 breaks.
If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI downtrend #1 is...
GOLD (Barrick) Huge gold mine rise. A large part of the analyzes suggest a larger rise in the gold price. I strongly believe that gold mining stocks will be raised even more. If you look at the movement of the Barrick Gold exchange rate, you can see that the exchange rate could go through a regular fractal build. The orbit of these can be twice that of the...
Based on the analysis it can be seen that the rising movement of the exchange rate is accompanied by rising ATR axes. This implies a further rising wave structure. You can see a fractal in the lower wave structure. I assume this will happen again. In the event of a second wave of the dual-wave system, the target price may be 1594usd.
The S&P 500 Index (SPCFD) is in a similar situation as the Dow Jones Industrial Average (DJI), breaking down below support for the first time after hitting an all-time high.
We have multiple signals to look at here... Please allow me to entertain you for a few minutes.
We have a rising wedge. This is a classic on these charts. When the wedge breaks down, we...
Extremely bullish here & been waiting for months for this opportunity to buy down here.
Bought at 30.4p & will buy more if I get an opp at 29p-30p
Bullish divergence on RSI.
Resistance becomes support in most plays even if it takes a few weeks/months.
44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company.
The Down Jones Industrial Average Index just broke below support after hitting a new all-time high and is looking quite bearish.
The next move is clearly depicted in the chart above.
We are looking at a bearish RSI and MACD.
After a failed bounce, EMA50 (26677.5) is going to be tested next. If this level fails, the DJI is very likely to move lower all the way...