Kipyegonn

Kipyegonn

Hello Traders, From Q1 2018, the Euro has been on a run. And yes, a nice steep run where buy holders are turning in a nice profit. There have been bumps along the way and that is normal. However, the thing is, stochastics are in the overbought territory and prices are likely to correct. Going forward, I shall recommend shorts in lower time frames because as it is,...

Kipyegonn

Hello Traders, In the top 10 most liquid coins, none is under-valued than Litecoin. It lags in MoM growth and that is why it needs to expand in valuation for it to catch up. Technically, there is no better time to buy Litecoin. In the 4HR chart we have a stochastic buy signal which is perfectly in sync with that of the weekly chart whose prices are oscillating...

Kipyegonn

Hello Traders, Cryptocurrencies are generally in an uptrend and Ripple is no exception. Even though prices have been correcting in the last few days, it seems like Ripple is now bottoming up and towing with the main trend. As such, I recommend buying Ripple (XRP) and targeting $1.41 in the long term.

Kipyegonn Updated 

Hello Traders, So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears....

Kipyegonn

Hello Traders, I have been watching USDZAR for a while. Well, I must say, the time is ripe to look for under-valuations in lower time frames and buy. First, like we mentioned in the previous article, the middle BB in the weekly chart was our main liquidation or the resistance line. However, as it is,the USD is now trending above this line and with a whole...

Kipyegonn

Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all....

Kipyegonn

Hello Traders, Whenever there is synchrony, chances of making money is often high. At the moment, we are seeing this synchrony. There is a confluence of technical formations in different time frames and that is why I think selling the Euro can be a good strategy. This is why I think this is right. First, as we are taking a top-down approach with the weekly chart...

Kipyegonn

Hello Traders, The daily chart provides a perfect glimpse of Stellar Lumens price action and as you can see, XLM buyers are on top. Regardless of this strong Stellar buy pressure, proponents are yet to cash out and as long as stochastics remain bullish, that target-$0.40-might be tested today. After $0.40, early buyers can look move their stops to break even and...

Kipyegonn

Hello Traders, There is nothing much to sign about in our EOS technical charts and hey, yesterday’s EOS price forecast remains the same. From my latest deduction, this seems to be a well orchestrated mid-range accumulation and chances are if you buy on dips with tight stops at $7.5, you might turn in a profit. Remember, stochastics are bearish and under normal...

Kipyegonn

Hello Traders, Price wise and we are still trading within an IOTA bullish break out pattern after last week’s humongous candlestick. In this case it will be prudent to take IOTA stochastics long opportunities in lower time frames with stops at around $1.5. Our IOTA bull targets remain constant at $3. If not, you can wait for a bullish break out above $1.75 before...

Kipyegonn

Hello Traders, If anything, I really think it is the best time to buy some AUD, earn some positive swaps and hold this for a long time. Why? Well, we can take a top down approach and consider some technical formation first from the weekly chart. First, notice that since last year GBP has been charting higher and in this pair, it is a 1000 pips away from recovering...

Kipyegonn

Hello Traders, Today we shift our focus to USDZAR and from the charts, we can see that the ZAR is generally bullish but it looks like the USD is turning the corner if technical developments is anything to go by. As you can see in the weekly chart, USDZAR prices are generally moving up and with a stochastic buy signal turning from deep the oversold territory, we...

Kipyegonn

Look for long term opportunities in IOTA. Last week was bullish and we are trading a bullish break out pattern in the daily chart. I project IOTA buys at around $1.5 and $1.55. Targets at $3 is reasonable

Kipyegonn

Hello Traders, In a nutshell, I’m net short Yen and like yesterday, I shall be actively looking for buy opportunities in AUDJPY. To begin with, we notice that this pair is generally stuck within a consolidation that began in early 2016 and continues till now. This therefore means there weren’t much meat to feed off trend traders. What’s important at the moment...

Kipyegonn

Hello Traders, My focus pair today is USDJPY and while the Yen seems to be gaining ground as the chart shows, I expect prices to possibly rebound and edge higher in the coming days. These are my reasons. In the weekly chart, stochastics are turning from deep the oversold territory and we have that clear buy signals and higher highs which begun from late March...

Kipyegonn

Hello Traders, Is it safe to say the NZD party is over? It sounds nice maybe because the party is truly over if technical indicators are anything to go by. Evidently, Q1 2018 was superb for NZD and from price action, I really think it’s time to cash out. Like we have been saying, this currency pair is trending well in the oversold territory and what we need is a...

Kipyegonn

Room to buy GBP at 1.9270, stops at 1.9170 and immediate targets at 1.97 or so. Chances of GBPNZD continuing with its initial buy run is high. I remain net bullish on GBP.

Kipyegonn

Look to buy XLM at $0.20 with immediate targets at $0.30 and stops at $0.18