GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, VAST RESOURCES PLC ORD 0.1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), WISHBONE GOLD PLC ORD 0.1P (DI), 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
-We saw the historical 30+ year ascending trendline hold up as resistance after a fakeout spike higher, red 786% & 618% bearish fib levels are prominent & also holding
-Price is now breaking a medium term ascending TL & has retested successfully
-Recent Weekly candle close saw a confirmation of bearish pressure
thus I expect a test of green 618% ...
BTCUSD is now approaching the bottom resistance of it's Bull channels, a 5k dip would tally within trend + fractals say we could be approaching a breakout point and a push to further heights. I have also marked dip curves in volume that appear prior to rallies.. thanks to John for reminding me of this long term trend chart..
ETH/BTC can be looked at two ways, either as a long term pennant set to close at the end of May 2019, or as a channel between 0.11 (Jan/Feb highs) and 0.55 (April lows).
A clear break above descending trend line would indicate a potential re-test of May highs ($800) where strong resistance sits at around $600 and $700 respectively. If we fail to break descending trend line, will be looking to head towards longer term support from April lows around $380.
Was giving the long term picture some consideration in view of RSI dropping to a level that has held well since Sept 2015. Question is, if you compare with 2014 (which seems to be what everyone else is doing) we can be at either of those points on the purple lines.
If we are indeed heading to $4000 this would represent a much more accelerated pattern within this ...
In a few days time we may just see a slow reversal of this down trend to an up trend, and not the V shaped dip people expect to confirm the bottom is in. There isn't much appetite (at the moment) to sell or buy on mass to push the price in either direction, even though it would be very easy with the low volume.
My previous idea is still holding reasonably ...
I see a bullish run finished on the next 30 - 40 pips and then we can expect a bearish movement until 110.300.
This could be the formation of our Right shoulder.
Let's wait for candle confirmation to enter a short trade.
Chart tracker, minimized.
The bearish targets are not displayed in chart, too much bars in to the future :-)
Barrick Gold Corp. for a long time . The exchange rate has ended its correction. The correction level is 11.49 usd. From this level, it offers a very good opportunity for a longer-term investment. The movement of the exchange rate is probable on a double wave structure. The first wave (0A) and the second (BC). Currently, the exchange rate moves in the (BC) ...
eur jpy has formed a continuation wedge
big long term sell for EURJPY. on the weekly chart it looks like it could continue down for new lows
usdchf is showing support at the 0.93 area plus it's formed a falling wedge pattern on the daily time frame so my aim is to buy at the break to the upward and take profit around the 0.99 area collecting roughly 600 pips as a long term goals.
Also last bar showed a massive bullish body on the daily followed by a bunch of more bullish candles following it with the ...
triple bottom should form and when it does, buy at the breakout and ride out towards the 3 profit targets.
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the left ...
I dont normally venture in to the weekly time frame but i thought id have a look. this is my view on the EURAUD from looking at the chart. hoping to get a big swing down to the 1.44 region or even further down to 1.40.
lets wait and see...
Today i'm visiting my favorite Forex pair to look at and discuss a very long term Elliott Wave count that it appears to have formed. It appears as if in early 2008, a 5th wave completed as a high. From there the market has been clearly corrective, ultimately going sideways. A Zig-zag completed into mid 2015 and from there we have seen a sharp move to the upside. ...
Break of consolidation range and we will have HUGE upside potential.
USD/CAD is massively overbought on the RSI which indicated a selloff may be on its way, however i believe that this will give an opportunity to add more longs