OP247

Message Follow Following Unfollow
About me Empiah Analysis – Please see our posts for both fundamental and technical analysis on an array of securities and currency pairs, along with general thoughts on the world of economics and politics.
Joined United Kingdom EmpiahCapital
empiah-analysis.com
Markets Allocation
57 % forex 10 % cryptocurrency 10 % stocks 24 % other
Top Mentioned Symbols
USDZAR 9% | 2 USOIL 9% | 2 EURSEK 9% | 2 EURUSD 4% | 1
OP247 OP247 ETHBTC, D, Long ,
ETHBTC: ETHBTC Wedge - Long
28 0 0
ETHBTC, D Long
ETHBTC Wedge - Long

Now i'm not normally one for crypto, but a wedge is forming on this 'major' crypto pair.

OP247 OP247 BTCUSD, D, Short ,
BTCUSD: Bitcoin Short
229 0 3
BTCUSD, D Short
Bitcoin Short

The MACD, RSI and CCI are all showing downtrends at the same time, the last time this happened in June 2017, it led to a downtrend from around 2956 to 1920 (around 35%). I would look for a larger decrease this time, one to around 29870 (-29%) or for a further decrease to around 2390 (-40%). I am looking at these specific areas as they look like have been both ...

OP247 OP247 SPX, D, Short ,
SPX: SPX Wedge
41 0 4
SPX, D Short
SPX Wedge

YTD wedge forming on the SPX. Taking into account the news coming out of the US, with back and forth going between the North Korea and Trump and the rallies around racism and increased volatility, a downturn seems likely. There is also rising P/E multiples which are being called unsustainable by many people in the industry, and even the famed 'FANG' stocks are ...

OP247 OP247 USDCAD, D, Long ,
USDCAD: USDCAD Long
47 0 2
USDCAD, D Long
USDCAD Long

USDCAD has hit the upward diagonal trend line and kicked off the 5th stretch of the 1-5 Elliot Wave Pattern. When it reaches around 1.4 I would look for a downtrend through 1.39 to signal an ABC downward trend. The CCI is showing upward momentum as is the RSI and I would also look for the MACD to cross to further reiterate this long.

OP247 OP247 EURSEK, D, Short ,
EURSEK: EURSEK Short
19 0 1
EURSEK, D Short
EURSEK Short

Elliot Wave Theory looks to suggest a drop to around 9.36 in the near future - 1 day chart.

OP247 OP247 USOIL, D, Short ,
USOIL: USOIL - Short Term Long & Long Term Short
101 0 3
USOIL, D Short
USOIL - Short Term Long & Long Term Short

Oil looks to be forming a wedge shape on the daily chart, which looks to indicate that USOIL will go up towards 55, before shooting back down to around 43. Looking away from the chart, the macro outlook here is uncertain. There are some concerns around the supply in the market, and a lack of buy-in from non-OPEC countries in terms of a deal.

OP247 OP247 EURJPY, 240, Short ,
EURJPY: EURJPY Short
57 0 3
EURJPY, 240 Short
EURJPY Short

There is a short bat pattern forming for EURJPY on the 4 hour chart, indicating a short-term decline. I would look for this to go down to around 119.42, which is the 0.382 fib retracement. We can see that RSI is close to indicating overbought, so this may rise slightly before we see the drop. CCI is also looking like it will dip below indicating momentum ...

OP247 OP247 DXY, D, Long ,
DXY: DXY Buy
63 0 6
DXY, D Long
DXY Buy

DXY is following an Elliot Wave Pattern which indicates that it will go up to around 101.8 before dropping back down to 99.5. MACD is supporting the up trend, as is CCI.

OP247 OP247 EURAUD, D, Long ,
EURAUD: EURAUD Long
70 0 4
EURAUD, D Long
EURAUD Long

There has been a clear support forming for EURAUD which has been hit 5 time starting in mid-October 2016. There has historically been another resistance line at fib 0.236 which has been broken late 2016/early 2017 but we have returned to the support. Looking at this pattern I would predict a trend upwards to hit the previous resistance around 1.447. We can also ...

OP247 OP247 USDZAR, D, Long ,
USDZAR: USDZAR Long
78 0 5
USDZAR, D Long
USDZAR Long

USDZAR is forming a wedge on the daily chart and I would look for there to be a jump upwards in the near future. I would look for this to reach around 14.38 which is an area of previous resistance.

OP247 OP247 EURSEK, D, Long ,
EURSEK: EURSEK Long
28 0 3
EURSEK, D Long
EURSEK Long

Looking at the EURSEK we can see that it is coming to an important level where there has been some support and resistance in the past. I would expect this to rebound and head towards around 9.6. RSI is indicating that this is close to being oversold and CCI is also indicating that there is some momentum upwards. If this line is broken on the downside I would look ...

OP247 OP247 USDILS, D, Short ,
USDILS: USDILS Short UPDATE
27 0 2
USDILS, D Short
USDILS Short UPDATE

I am moving up my take profit to 3.7889, or fib 0.618; I am keeping my original take profit as a secondary target. The reason that I have moved this is that on second review; there is some volatility around this price area previously and it has served as a support and resistance in the past

OP247 OP247 XAUUSD, D, Long ,
XAUUSD: XAUUSD (GOLD) Long
43 0 1
XAUUSD, D Long
XAUUSD (GOLD) Long

Looking at the daily chart, we can see that Gold has hit a 2016 support line around 1208 (which is also the Fibonacci 0.5 marker using the 1 year high and low). We can also see that a crab pattern has been completed, signalling a bullish reversal. A wedge is also in the early stages of being created, which supports the idea that there is likely to be an uptrend in ...

OP247 OP247 AUDUSD, D, Short ,
AUDUSD: AUDUSD Short
59 0 2
AUDUSD, D Short
AUDUSD Short

There is a short wedge forming for AUDUSD which I would believe is setting up for a downtrend. The price is currently around the 0.786 retracement and I would look the downtrend to go towards 0.7333 (fib 0.618), which is an area that has shown support and resistance previously. If this trend does breakout upwards, I would however look for it to go to 0.82, which ...

OP247 OP247 UNA, W, Short ,
UNA: Unilever (UNA) Short
60 0 2
UNA, W Short
Unilever (UNA) Short

A negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure ...

OP247 OP247 USDJPY, D, Short ,
USDJPY: USDJPY Short
54 0 2
USDJPY, D Short
USDJPY Short

I would look to short USDJPY at its current level. There is a continued downward sloping resistance line which has been hit recently, this level was at fib 0.5 where there was previously support back in May. There has been previous resistance at fib 0.618 but I would not look for this level to be reached when taking the downward sloping line into account. I would ...

OP247 OP247 AGN, D, Long ,
AGN: Allergan (AGN) Long
73 0 2
AGN, D Long
Allergan (AGN) Long

Allergan stock has been volatile since the merger with Pfizer was abandoned due to Tax Inversion laws back in April 2016. After a April-August Pattern was successful in predicting a downtrend, there has been an emergence of a bullish pattern. Looking purely at technical's I see the stock hitting the 0.236 fib retracement before the earnings call scheduled for 2nd ...

OP247 OP247 USOIL, D, Short ,
USOIL: USOIL Short
59 0 2
USOIL, D Short
USOIL Short

USOIL (1D) has formed a butterfly pattern and I would expect a downtrend in the price to follow, this theory is also supported by a change in MACD. There will be a test on this trend at around 49 (fib 0.786) which forms point B in the pattern. There will be a further test along the barrier indicated in green which the price is reached, which I would expect to be ...

Show More Ideas 12
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
43
18
143
Message Follow Following Unfollow
Last visit
15447
1
717
Message Follow Following Unfollow
Last visit
1
0
0
Message Follow Following Unfollow
Last visit United Arab Emirates
14
0
6
Message Follow Following Unfollow
Last visit United Kingdom
7098
0
676
Message Follow Following Unfollow
Last visit United Kingdom
18028
0
1305
Message Follow Following Unfollow
Last visit Denmark
76
0
15
Message Follow Following Unfollow
Last visit
5
0
3
Message Follow Following Unfollow
Last visit
6
0
0
Message Follow Following Unfollow
Last visit
909
124
252
Message Follow Following Unfollow
Last visit
188
0
9
Message Follow Following Unfollow
Last visit South African
91
0
9
Message Follow Following Unfollow
Last visit
236
0
21
Message Follow Following Unfollow
Last visit Denmark
76
0
15
Message Follow Following Unfollow
Last visit
522
0
25
Message Follow Following Unfollow
Last visit UK
1195
72
1812
Message Follow Following Unfollow
Last visit London, United Kingdom
3832
10
1078
Message Follow Following Unfollow
Last visit USA
16122
3
2016
Message Follow Following Unfollow
BOO
BOOHOO.COM PLC ORD 1P
Follow Following Unfollow
Market
Browse
Type
Browse
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out