Last week chart: 2 WINS Profitable pullback ( I don't trade these pullbacks ) Profitable movement up ( I made 95 pips ) We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the...
The GBP had a 1.5%-1.8% rally today and it needs to retrace if it want's to keep up this upmove. Euro on the other hand has been going down (fx eurusd) and is looking like a potential long especially if the us unemployment is worse than expected. Currently I am expecting just a pullback to 0.236 fib level. Technically: The price is at a support level. And if you...
For this idea the main points are the same as those for my last couple of ideas , except that nzd has released less of its potential than aud and cad against the usd. And I think that the commodities still have some room to continue their pullback. In short I think that usd will further pull back.
[i ]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete. So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do...
Hope you get the reference : D Blue & Red trendlines are linear regressions of lows/highs starting from 2015 up to now red: 1 & 1.618 standard deviations blue: 0.618 & 1 standard deviations Dashed lines are the just representing the midlines in between to figure out the exact crossover at the end of the triangle which seems to be right around end of 2015. While...
EURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising. There are no reasons, cut in stone, for my bias, but some of the core ones are : 1. eurusd pullback still has momentum and it seems like eurusds downside...
AUDUSD Bias At the turning point 1. If A double bottom with a bullish divergence forms. When going up 2. If the eurusd isn't falling while audusd is rising. The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or...
I'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a...
A narrow PRZ (Potential Reversal Zone) Equivalent AB=CD within it. SL - 120.550 TP1 (.382 of the AD move) - 119.440 TP2 (.618 of the AD move) - 118.960 Thats all, folks.
Blood diagnostic OncoCEE-BR was used by Columbia University College of Physicians and Surgeons in New York City to aid cancer patients' diagnosis. Involved biopsies are no longer required, cancer can be detected with a simple blood test. The chart has strong bullish divergence, has just made a breakout with an initial target around 4 dollars.
If you have been short EUR/USD or buying FXE puts, for this last move its time to scale out and take profits. Tomorrow morning we will have a volatile whip lash as the ECB is likely going to announce QE. There have already been reports of leaking news concerning the size and scope of the QE. Bloomberg has even mentioned a delayed start date, March 1st. From...
Bullflag broke up to the upside with nice volume confirmation. A clear bullish signal. 6.18 % potential profit guys. who wants it ? : ] Also notice the confluence of the A'+ target (at 405) and the 1.272 expansion of the BETA leg ! That's kind of awesome :D
only short positions. or complete closing of long dollar positions. false breakdown in this case will not matter.
Fibonacci numbers (blue vertical lines) and ratios (purple) applied on time. In case of failure, we break 450, and should expect 260 (last bubbles top) If we keep climbing up and break top resistance expect rally up to 3000 - 4000. Infact targets like 10k for the next bubble are unreasonable. The next bubble will be more like a last breath of the bulls, before a...
My Elliott Count for the Greece ETF is looking ready for an upcoming bull run. I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options. However, Here is a BEARISH scenario, where A=C and we are just starting the wave down.... This appears to be in sync with the...
GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY.... IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER. AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB...
The unusual but legendary squareball X pattern hints a nice bullish up-move coming with a touch of a retracement to begin the move. The bearish correction (retrace) would end around 1.3754 followed by a nice bull rally all the way up to 1.424, and beyond. Watch for fakeouts, have fun and tread carefully! :D