The AUD/USD shows clearly what are the key areas to be monitored. In previous octaves we saw resistance at 0.7700 always reject prices force. Despite all ,the market continues to be purchased every time prices from attempting a new descent, going to bounce on the long-term dynamic support. It is important to watch what will happen with the US elections, as a...
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1) Expecting a pull back into Daily resistance zone @ 113.847 2) If Daily resistance zone @ 113.847 holds + break of trend line expecting shorts to lower bounds of the range @ 112.35 3) Downside target ~ Support zone @ 112.354 4) if downside target @ @ 112.354 is achieved and broken will watch price action in this zone for further shorts towards 110.939 zone
If you use your Fib beginning price and the recent high at 18,668 as your ending price, this is what you get... Note that we're talking about a range that spans more than 100 years, so there's no doubt that we have sufficient data. Look how perfect the fib lines comes in place
Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.
Break of the downwards trend line suggests bullish price action ahead. RSI shows pricing overbought so expect a correction down to the trend line or to a lower point of prior support for an entry to buy long.
KSIX Analysis Company Name: KSIX Media Holdings, Inc. Stock Symbol: KSIX Company Website: www.ksixmedia.com Trading at approx $0.10 Per Share (08/01/2016) Many reasons I like this company. KSIX has been consistently growing their revenue at an incredible pace quarter after quarter. The company also has a smart and proven acquisition strategy which is...
Still in bullish trend , no shorts before break of trendline and hold below with bearish rejections of Highs.
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...
There seems to be an inverse correlation between XAUUSD and US30. Interestingly Gold began taking off before the recent mini-crash. OBV on Gold was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD has always been a major safe haven. We saw this at every major world...
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
I'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016. I'd be delighted if others who know more...
Descending Channel , Lower continuation is likely to occur. However , We cannot predict the market. All we have is price and need to learn how to read it correctly. I'm just reading charts. Spike from lows , spike from high. A lot of indecision in the market. Better to stay out or at least Risk small.