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LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
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Broken support of trendline indicates momentum on the downside. The target is the bullish trendline with limited risk due to the resistance right above the current price.
Despite the low volatility due to x-mas holidays I believe there is a little more downside on USDJPY for a short period and then it will return green
Sunday technical analysis shows a beautiful bull channel forming and we are currently testing support levels.
The risk in such scenarios is minimal and risk/reward is relatively high.
In addition we can see a bullish inverted hammer has formed on the level of support.
-US strong data
Progression on Trade deal for Brexit should add to EUR strength the coming months. in addition, ECB tapering signals strengthened economy while Japan is in dangerous territory with North Korea war scenario.
Symmetrical triangle - ready to break out to the downside
-Euro has been weak due to weak retail sales as well!
-Long term trendline has been confirmed and the pound has been hitting new higher highs.
-It seems to be a cup and handle pattern and it similarly appeared in the previous high as well.
-RSI is close to neutral - sloping upwards which gives a bullish signal.
The pound has been positively reacting with news on Brexit progression talks where as the US has been ...
The support line is being approached and the symmetrical triangle is forming.
I will wait for an RSI confirmation - reaching the overbought level to sell short.
There are two possible plays on LISK-BTC either the head and shoulders completes formation and we get a further drawdown (note that there's already negative momentum) OR we can see a bounce off the long term trendlines with a bounce off the parabolic trendline off the RSI. Comment on how you guys think it will play out!
There is a dual scenario, which is hard to tell at this time which way it will play out. Parabolic trendline on RSI shows positive momentum, however, the Head and Shoulders pattern may be in the making. In addition, major trendlines are about to be reached. - What do you guys think?
If the 23.6 Fibo range is breached and the asset closes a full day over that level, It suggests a significant possibility of a long entry. It has also breached the long term downtrend and its time to see it pop.
After the recent breakout, it seems to head higher due to rebranding in December and positive momentum. As you can see on the RSI there is support around 50, which got tested and not broken.