MoneyBodySoul

MoneyBodySoul

Technical Analysis i) Looks like a Cup and Handle formation for USD/CNY on the weekly chart. Looking to short play the Handle, looking for entries between 6.62 - 6.64 down to 6.48 level. ii) Our most likely scenario (1), will have a pullback from the Handle down to the 6.48 level from their should look for some long positions up to 6.8 level. *ii) However, as...

MoneyBodySoul

Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...

MoneyBodySoul

Technical Analysis The April Trend Line continues to be respected indicating the bears are still in control, with a potential breakout looming in the following days. To change my Mid-Term outlook to Bullish id be looking for GBPJPY to close above 149.9 level Fundamental Analysis This week Brexit is front and centre for Sterling with the European Council set...

MoneyBodySoul Updated 

Fundamental Analysis We had a cross over on the MACD in April followed by a breakout in the channel in the following weeks, which resulted in the bears gaining momentum in GBPUSD. GBP plummeted below the previous year-to-date low of 1.3205 yesterday and hit 1.3151. The break of the channel suggests that GBP has reentered a bearish phase. However, after the sharp...

MoneyBodySoul

Technical Analysis The ECB, which was broadly interpreted as dovish yet EUR/USD took almost three weeks to trade under the low of May 29 at 1.1510 and in that period specs sold at least 7 billion reducing the net long position to just 4.5 billion euros by June 19 and It was not until June 21 that EUR/USD finally traded 1.1508. Until we break the key 1.225 level...

MoneyBodySoul

Technical Analysis Having recently broken the trend line in April resulted in a Lower High as the price failed to retrace back above the trend line which was once support has become resistance. This week we made a Lower Low in AUD/USD suggesting the Bears have gained momentum. These confluence of these factors suggests that AUD/USD bearhish momentum is rallying....

MoneyBodySoul Updated 

Technical Analysis Looking for a reversal and to ease into some short term positions for USD/CHF, some great low risk short opportunities have present themselves. RSI: Holding Over 70 indicating the currency is still being overbought, however have had a sharp declined indicating bears gaining momentum. MACD: Giving off a valid short signal, as can be seen...

MoneyBodySoul

We have some low risk long opportunities presenting themselves in XAUUSD. As one can see from the chart we are still in a slow, but steady uptrend, we recently kissed the bottom bollinger band in conjunction with being at the bottom of the lower regression channel these indicate that long positions are presenting themselves.

MoneyBodySoul

Clear sign of a Rising Wedge Formation, Looking to long PYPL with entries around the .786 fib level while s/l placed below the yearly lows. Looking to T/P1 at around the .382 fib level & T/P2 at around the .236 level. Short-Term Shorts are viable for PYPL marked at 'S?' for those who are interested in trading the trend. Remember the trend if your friend.

MoneyBodySoul Updated 

Looking like some viable entries Mid-Term shorts down to $7000 as BTCUSD continues its steady downtrend.

MoneyBodySoul Updated 

Clear Pennant/Flag forming, break out alerts triggered. Will be watching TRX/BTC like a hawk this week. Never get married to a position, you need to be malleable.

MoneyBodySoul

Predicting A Correction Wave Cycle for ETH/USD Back To $900.

MoneyBodySoul

Technical Analysis I am predicting a retrace to the key .236 fib level, from there to continue NEO/USD clear downtrend to the key 49.00 S/R level where we may see some consolidation back up to the trend line.

MoneyBodySoul

Mid-Long Term AUZNZD Interpretation.

MoneyBodySoul

NANO/BTC Set to hit all time lows.

MoneyBodySoul

Technical Anlaysis Great opportunity to get some optimum positions for gold 0.08% longs, with minimum draw-down and substantially high reward. Looks like a compression range is beginning to emerge in the daily, lots of volatility with the uncertainty with Iran. Looking to minimise my risk and enter around the 1306 level, with stops safely placed at the key 1300...

MoneyBodySoul

Technical Analysis Last week we kissed the 0.382 fib level and had a strong wick indicating a loss in the bulls momentum. This could be a strong indicator of the start of a reversal for USDJPY. This week all eyes on USD with Trumps Speech Today with his Hawkish attitude toward the Iran situation causing great volatility in the Oil Markets. Consumer Price Index...

MoneyBodySoul

Technical analysis Great opportunities to short wheat at the key 0.618 fib level for a big move down all the way to 4.2820 at the 0.236 fib level. Minimum draw-down with stops placed safely above the summer highs. Entry: 5.3540 (On the 0.618 fib level) T/P: 4.2820 S/L: 5.6540