BITCOIN: BTCUSD Now had 3 or 4 sections down ...Kind of subjective and could be argued both ways - but this next one SHOULD begin to show a loss of downward momentum - doesn't mean it has to, just that here is where to start looking for either a right hand shoulder to form or if that fails, a potential double bottom at 1890-1850 -
USDEUR: Still stuck in neutral so we don't have make a decision here. As with DXY the market will decide from here and we can follow. Get ready to pounce, though once the market gives us the signal as there is quite a lot of energy being stored up in this narrowing battle and it will have to get released soon...
UKOIL: Brent Crude - use these lows to get long again if not already - set a buy order up around 51.06 with a stop at 50.94 for a rally to 52.41 = 147 point win v 12 point loss.
Bitcoin:BTCUSD If you want to hitch a ride to the craziest show since internet there is an opportunity coming up if conditions in comment are met. Otherwise wait because this shake out won't be over yet if it cannot regain the trend line just above it and turn it into support - and we should then get a better chance from lower down still
DXY: Dollar Index still in neutral right now but the range between bulls and bears has narrowed and compressed...waiting to be realeased...we don't have to decide here. The market will do that for us. All we have to do is follow it when it does...
DXY: Dollar Index DXY has just hit the target at 97.43 and has come off since but still looks OK to buy at these lower levels again around 97.33 and so long as it doesn't come back below 97.29 (stop for longs) it should go on to break above 97.43 - 0r you can wait and once it gets above 97.45 go long again for next burst of USD strength, as per last DXY comment....
GOLD: XAUUSD Gold is double topping as DXY double bottoms at 96.8. Gold should fall away from 1260-1264 resistance range to 1248 at least. Only consider going long of gold again if DXY falls below 96.75. The entire rally is based on weakening dollar, so once that prop is removed....
DXY: Dollar Index Approaching the target at 97.43. Get ready to close out all USD longs to lock in maximum profits as 97.43 is tested - but be ready to go long again for second burst of $ strength as per comment
USDEUR: Dollar is holding up off the lows but still vulnerable whilst trapped within the down-wave. Either it breaks out and should be followed or it breaks down and should be followed. No decision to make. Not overbought now or oversold...so follow the move when it comes...
DXY: DOLLAR index This index should fall to 95.05 which is the target created by the head and shoulders on DXY chart - best defence is to continue to sell all dollar rallies until target is achieved.
APPLE:AAPL Apple is sitting still at 152 - big pivot for day traders - it's flashing warning signals given out by the island reversal off the top but cannot be shorted whilst it holds up at 152.
EURUSD: After yesterday's powerful impulse wave the Euro is consolidating recent gains - but won't come back far. Look to get long if not already as per comment.
IXIC Nasdaq Composite long term chart showing danger approaching for long positions just 50 points away. Get ready to close down longs and prepare to short as per comment
