Honestly? I would go SHORT on this. But as I mentioned before, it has got a mind of its own. I like that little downward channel formation, which currently is getting broken. I will try to keep it simple. If the Daily will close above it, then I think there could be some potential to the upside. But if it closes below (inside the channel) then I will be very...
Because, at the moment, I am a believer in the Euro weakening, I think it's a great opportunity for all other currencies to recover against it. This opportunity might not last for too long, but certainly is something to keep in mind for the time being. I think it is clear that it will try to touch the closest upward trend line. That's only if there won't be any...
So... Gold... I will really stay neutral/bearish on this right now. I will explain. We are getting close to that strong trend line, that started around the beginning of February of this year. The second sell-off this year around end of March, actually created that point, where we connect the two lows, which creates that trend line. Till today, it seems like it...
This is, probably, the most beautiful chart and, probably, the most important commodity that is out there at the moment. This is going to be a quick review of historic ups and downs on a Monthly chart. 1986, the beginning of the year started with a significant drop in the price. At that time, that was quite a disastrous drop, due to the low amplitude of price...
Right, it is difficult to analyse this pair when Super Mario is having a speech, or a conference, or is delivering some sort of an official statement that day. He is having a speech today, at 14:30 BST, which could potentially create some volatility for everyone's Stops to be triggered. That's how I tend to see all these speeches. Probably, someone, or the...
If there is a one way traffic pair, then it is definitely this one! What a drive up we had on this currency pair. I think it will continue even higher... But later... Now, we are ready for a bit of retracement, I think. Probably, the most interesting part of this analysis is that we actually made the same percentage rise on the current rally as on the April/May...
This is forming a perfect triangle. I think, the general view here is to the upside. The overall outlook isn't very positive for the Yen. There certain geopolitical concerns that aren't adding value to it. From the technical side, the price is still within the symmetrical triangle. We really need some good shocking news to push this pair out of it. It is...
It would be a huge surprise to all technicians if this commodity would blow up to the upside now. I understand that surprises happen, but, common! It just has to touch the 1296 level! Ok, let's forget about all my dreams of certain levels and get back to reality. The bias is still to the downside. There could be a situation, where this will try to touch the SMA...
This has been a strong one way traffic. If it would be a rocket, then we would already be in space. But will it continue to go higher? When is that turning point happening? It is getting squeezed on the Hourly, so it will have its pop to one of the directions. I still believe that there is some potential to the upside, because at this point, there are a lot of...
For now it looks like a Bullish scenario. I believe that we will re-test the level around 0.73300 or even 0.73400 . I will say that there is no clear exact level to watch out for. You will have to keep an eye on the area. In my opinion, I have highlighted the area with a circle. If we won't break those levels up there, then I don't see this going higher. At the...
This is not a good time for the Japanese Yen. It keeps getting weaker almost against all major pairs. Even though I did a review of the AUDUSD today, looking for some weakness in it, I still believe that Yen will be even weaker. We are balancing around the July's highs and I don't think that resistance will be strong enough. It would be ideal for it to break...
I did a quick analysis on this a few weeks ago, where I thought it will break one of trend lines. But, it preferred to range for a bit. Well, the longer he range - the bigger the pop it will be. To be honest, I don't have any preference in terms of direction. As long as it will start breaking the Bollinger Band on a 4-hour chart at some point soon, I don't...
This is going to be a very quick idea. Potential SELL on AUDUSD. If we stay below 0.80140 today or close below the trend line, then I am looking to enter a few SELL positions on this. Now, we might have some sell-off today, so if you think that might miss that, you could enter a small SHORT position with a SL of around 0.80200. If you'll see that we are starting...
Let's go EURCAD!!! Getting squeezed right now on the Hourly chart. Oh it is definitely ready to pop. Now, I don't know when, but it could be during the Trade Balance announcement or maybe later, just to give a little tease. It is always difficult to predict these, but if my drawings on the chart are right, we have broken the downward trend line on the 4 Hour...
So Chinese didn't help. Put some regulations in place against BITCOIN. I understand that it is last week's news, but we are having a nice negative reaction this week as well. Below $4000 now. I have neither warm nor cold feelings towards this... this thing... Probably, because I don't own any. Unlike some of my fellow friends. But because cryptos follow...
We had a really good sell-off on this pair. Something is hinting me that we will continue to going lower in the longer term. I am liking the idea of BUYing this from around 0.88550-0.88600 . Then again, I have been wrong on this pair several times, because this one is a difficult one to predict. To be honest, there is not much to say here, apart from watch the...
Really rallying... The two words are just bouncing of your tongue very easily. No? It doesn't? Well at least one pair is bouncing. BoE rate didn't change, the Pound sees that as a positive. Standard stuff now. Looking at the technicals, if this is going to stay above 1.32680, then I am bullish and aiming higher towards 1.34 and maybe 1.35, if I'm...
Again, this is for all you coffee lovers out there. It managed to bounce off from the trend line that it broke a while ago and went back to re-test it. If referring to the Elliott Wave count then we are starting wave 3 now. There is not much to talk here as it is straight forward, really. Also, we are done with summer and now going into cooler season. The...