Again everything in line with all the intraday pairs today and the eurusd is no different. Downtrend broken and now expecting bullish momentum. Price target 1.0940
Just entered 20mins ago and this is in line with all the long trades i'm taking n posting for today. This is more of a channel breakout without any clear trends as i'm still bearish on this pair on a daily perspective. Expected target is around .7480
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
We've extended marginally above our ideal target zone for both time and price, but there is no reason to doubt that the current rally is nothing more than a corrective bounce at present. A break above the overhead resistance and a challenge of the 2130 level would cast some doubts on a more extended decline. Here is today's Market Structure Projections and...
With this mornings MSP's (market structure projections) ultimately following the 20 Year QE Dataset (Magenta, see chart link below) the ideal target area of 2104 continues to be the preferred zone for a turn. There is a chance that this may extend further up to between the 78.6 retrace and 1.618 projection area, but that remains to be seen. We hope everyone had...
Intermediate down trend holding solid as we open up the new trading week. Our major inflection points come into play this week so be careful out there. Below is the recap to the MSP's (market structure projections) and key timing pivots for this evening and tomorrow's ES trading session. mcm-ct.com This link is for the longer term trend outlook posted Friday...
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Below Is the link to the charts for the above commentary. mcm-ct.com
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
There is a current waves of strong bearish momentum of sellers entering the market in all angles. You can clearly see the Downward trend right now in which I am anticipating to continue. I'm not late at posting this time as I just entered right now with an expected target of around 130.40
Pure technical Play that I just entered last hour. Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of. Expected price target is 1.9500
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken. Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
Commodities are selling off right due to whole Greece Situation and the sell off China. This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart. Expected target is around 615.00 along with the corresponding CS levels with it
Weekly bottom was formed on 15-Oct-2014 which is one week earlier than our expected ES bottom on this week ended on 24-Oct-2014. The price closed well above the critical sentiment level of 1941.50 on Thursday 23rd and continued the move on Friday 24th towards critical resistance lines 1965/1966. We are looking to buy the dips to 1940-1942 levels and if the price...
There is a long term bearish trend that indicates that a price action to the downside could take place. But USD/DKK pair is highly correlated with other major pairs like usd/chf, usd/jpy, it look like usd/chf will go down and usd/jpy up, so which way is it gonna go it can't tell me. But the technical (swing style) analysis are saying to me that there is a long...