GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UNION JACK OIL PLC ORD 0.025P, WISHBONE GOLD PLC ORD 0.1P (DI), VAST RESOURCES PLC ORD 0.1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), OILEX LD ORD NPV, PCG ENTERTAINMENT PLC ORD 0.1P (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
It's not looking good for Bitcoin on the bigger daily trend. Yes my opinion changes but that's only because I'm seeing new things happening - and my perspectives are different on different time frames.
I've decided to wait.
Finishing bullish momentum, once touch 111.500 we will see if we can enter a sell order with target 110.000
Last post: June 10th. See chart.
Review:Price was approaching the area of resistance.
Update: Price has hit the resistance level but has since started to head down.
Conclusion: We need to stand aside and be patient until price can break through the resistance level.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you ...
The point of the vertical white line is the 1.618 price and time zone of the next wave. If this is another corrective wave we can expect that area to be the top. If this is an impulse (subwaves of a larger wave 1) then we will still have a pull back (subwave 4) before going past the potential 'C' point. I'm afraid that until this 7900 region is tested it's quite ...
Price reached the highs of September 017 forming a double top, here we could see a reversal but weak USD data means that it won’t be as straightforward as we may have thought. I will keep an eye on this pair
Currently right on top of a major swing support level. We could see some continuation to the down side, seeing at there was a fair bit of Yen strength las week, or maybe this pair is exhausted it's sell power and we may see some stops being hit and positions being closed and some Bullish candlestick patterns to get into a long trade? Anything is possible at this ...
Once again price is struggling to close below 108.800, price has been descending in a channel and a break to the upside will trigger a long position.
OBSERVATION: After hitting monthly resistance price fell to daily support which confluences with the ascending trendline that has been acting as support since June. A break below could see price drop to 0.74400s then 0.73400s while a bounce will see prices rise back to resistance.
The recent impulsive move went to the upside. After that a flag pattern was formed. Most Traders would think that after the pattern was broken, they should go long. However, on the daily chart, the trend has been bearish for a long period of time. I have drawn a a resistance line which clearly has rejected the price. Most likely this flag pattern will develop into ...
This pair is currently heading upwards, I will keep my eyes on this pair to see if it breaks outside of the channel.
Feel free to comment!
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UKOIL (and USOIL) are both at critical positions on the daily charts. The 200EMA shows that there is a rising trend, even if a slow one.
Price has reached an obvious point of decision. Prediction is not my business, so shall not get into which way price will go. The only issue is whether an acceptable risk position (i.e. stop-loss) can be taken and what logic ...
Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.
Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.
Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both ...
After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
The dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain ...
I was asked a detailed opinion on a forum so I decided to report it here.
The question was about going Short on EURCAD @1.4227 after the bearish pin-bar where the pair closed yesterday.
Looking at lower timeframes I had marked one at 1.4251 which is currently where the price is being contained after dropping yesterday afternoon (the price started to move in the ...
Someone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer...
The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well).
If we entered LONG ...
If it respects the long term Support trend line (Purple) I can see it potentially going on the upside and breaking through the resistance trend line (Orange) which I will close this position aroud the 50% Fibonnaci line. If it does break through (With no fake breakouts) the long term Trend line (Purple) I see a free fall of around 100 + pips on the downside or more.