Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish...
More upside in the second half of 2014 (min 1.40) -> Followed by a decline in 2015 (min 1.20),
Trading is like riding waves. It's like the market is an organism. Every action will create a reaction which is by itself a action for the next reaction. What does this mean to this chart? First wave: Someone bought the bitcoin price up (action). Someone follow that trend to earn some profit and also buy (reaction). It's starts to scalable. And more reactions...
Waiting for wave 4 to develop and after that I will open long position for wave 5. Buy at 1.0880-1.0890 area Stop Loss 1.0850 (wave 4 trade invalidation) Target 1.1000
On Daily basis, we have "Head and Shoulders" pattern, Remembered line at 1.8000. So we can establish short position on a break out of this area and get on wave 4 (from the related idea). Sell at 1.8000 Stop Loss at 1.8400 (above previous high) Take Profit at 1.7500
Well, I don't know if we are in a wave 5 period. But there are some element and we shouldn't disregard the possibility. If that is the case, the target would be 1.4018 before ECB make an intervention eventually....
Silver have gone through wave I to wave III. It is in the stage of wave 5. wave VI is end at round wave 1 of wave III (18.57). wave V is coming now.
Look at this picture, euro is in the stage of wave 5. in the present situation, wave 5 is more likely to be ending triangle.It has formed dot 1 and dot 2. Dot 3 is forming now. In consideration of daily transaction intensive area 1.4050-1.4100, I deem dot 3 probably in this area. Link dot 1 and dot 3, we will find dot 5. I think CPI of EU has fall to the...
Japanese government has carried out QE for nearly two years. QE should have brought trade surplus. But that would still leave a trade deficit. It is known that Japanese is export-dependent economy. BOJ do not carry out more QE recently. In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level....
Japanese government has carried out QE for nearly two years. QE should have brought trade surplus. But that would still leave a trade deficit. It is known that Japanese is export-dependent economy. BOJ do not carry out more QE recently. In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level. ...
First of all, I emphasis that interest rate of NZD (3%)is 12 times as much as USD(0.25%). Non farm payrolls have grown dramatically, but USD index do not rise up. So we are sure that market payrolls figure is not a sensitive matter. CPI is the key to let FED to rise interest rate. FED keep interest rate before CPI rise above 2%. It means non-us dollar...
Shorted the USDCAD On thursday last week - Full analysis and details on my blog ---> ashacapital.blogspot.com - within the wedge that formed, initially thought the impulsive move away from iii was the start of the big sell however sat through some sideways action for a couple of days before the big drop. Entry -> 1.10416 Stop -> 1.10684 No target for this...
As is shown in the graph, gold have gone through a great uptrend. Corrective wave A is a flat corrective wave(3-3-5). Wave A had fell below 50% of wave 5. And there is double bottom shape. I incline to wave A is over. Now is in the corrective B. in consideration of daily support 1255, wave B is likely to be a triangle corrective wave. Dot d is 1268.42 low price...
In my analysis, wave 1 began from 2001-4-2 to 2008-7-14.wave 3 began from 2008-10-27 to2011-7-25. Wave 2 is between wave 1 and wave 3. Wave 2 had fallen below 38.2% of wave 1. According alternation principle, I think wave 4 have completed its goal. Wave 4 has reached between 61.8% and 50% of wave 3. I deem wave 5 began at 2014-1-20 . According wave theory,...
Look at this picture, I think GBP is in great wave 3 stage, specific to say, GBP is in the corrective wave(5) of wave 3. This is an expanding triangle. Although BOE meeting notes is dovish, British economic indicators are on the rise. In the 4H picture, there is a symmetric diagonal triangle in corrective wave(ii) of wave(5) . wave(iii) of wave(5) is coming...
Euro has great influence on UXY. Several Europe economic indicators have got new higher scores. Recently Euro/USD resists bears attack at 1.3800. Federal Funds Rate is a good indicator to present attraction of USD. At some extent USD is not popular to speculator. Look at this picture, we can see wave five is failed. We can identify wave A easily. Wave A is...