QuanYi

QuanYi Updated 

How's it going fellow traders! I haven't posted in a while, I thought I come back and do some analysis for more clarity! The cryptocurrency I chose today is EOS. It can be seen on the Dailys that the crypto is doing bull flags, distinct ones at that. It might be slightly late to the party but I think there is still a pretty good R:R ratio (about 1:2) to get into....

QuanYi Updated 

Hi All, this presents a good opportunity to short the cable. Reasons for the idea are technically simple. Number 1: We had a total of 3 legit tests of the numerical barrier at 1.5500 which proves the strength of the resistance. Number 2: It obeys the resistance trend line that has also been tested 3 times. Number 3: It broke below the support trend line with a...

QuanYi

Hey guys, been some time since i posted... again. Here presents a good buy opportunity on GOLD. First, we see a wedge breakout at the 1160s followed by the rally to the 1190s. Then we had a doji that spelled the end of the initial rally. Then as the buyers started tiring out, we witnessed a beautiful spinning top with outstandingly high volume. This signals a cue...

QuanYi

Hello , it has been sometime since i posted something but this is something worth noticing. Cable have completed a Head and Shoulders pattern followed by a pull back to the upside. I do foresee the pair returning to the psychological barrier at 1.55 before heading lower as the long term trend is still down. My targets are at 1.50000 and 1.47000. Short and...

QuanYi

We are seeing a transformation of a trend channel into a gradual wedge on GBPUSD. Higher highs and higher lows are seen in this pair. With bad US DATA, we can see a spinning top on the the last higher low candlestick. This signifies a fundamental and technical HUGE BUY on the Cable. This is a follow up on my previous idea. I do expect prices to reach 1.59 in the...

QuanYi

GOLD is going to go south on Monday. Firstly, in the 4H chart, gold broke out of the counter trend channel at point A followed by a rejection of the counter trend line resistance at B. We can see a reverse doji at the top which signifies a reversal coupled with the above mentioned conviction points. We should gold prices retesting the 1080s and even the...

QuanYi

Bearish Marubozus after bearish marubozus signal a huge sell on USOIL. It broke support at 42.30, signalling the pair to create point 3 on the trendline at around $36/barrel. For confirmation, I would sell below 41.80 with stop at 45.

QuanYi

Hi guys, we are looking at an Outside Bar Pattern on the daily chart whereby the daily closes of the previous candle is smaller than the current candle which is bigger in volume and is going in the opposite direction. Moreover, it aligns in the current down trend, bouncing off the channel trend line. This suggests a downward movement to the the first target at...

QuanYi

Targets are 1.567 and 1.59. Here is a good opportunity to go long on the GBPUSD. Basis to substantiate this is that a spinning top with high volume has formed and rested on the trend channel support. This proves a great conviction that prices will bounce off the current level and approach 1.567. The news release displayed bad data for the USD thus creating a...

QuanYi

This is purely my personal opinion and analysis on SPX500. After breaking past the 50 day SMA around Point A, seller are exhausted and the bulls continued and tried to break the ceiling at 2135 at Point B but to no avail. Thus, the buyers gave up at the top and we end up with a lower high at Point C. My prediction would be that the sellers will break below the 50...

QuanYi

Trend channel on EUR GBP continued with 5 retest with the 6th one following. This trade is still valid as it is held within the channel. Confirmation could be made until the end of this week. We will be looking for .69 for the pair for a retest on support in alignment with the channel's continuation.