GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
GREATLAND GOLD PLC ORD 0.1P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, LOCATION SCIENCES GROUP PLC ORD 0.01P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
By simply following the red downward trendline, I'm predicting that the price will now reverse now that oscillators seem oversold. Furthermore, we are at HVN if we use the VPVR and it seems that we are unable to trade above it. Jumping the gun here a bit but putting a tight stop-loss nonetheless and looking to take profit at the next HVN.
Crude oil is trading just above a significant resistance level - there has been a few closes above and given the recent momentum we can expect the upward trend to continue. The risk/reward ratio looks favourable. Order put in for 71.40 with a stop loss at 70.90 and a take profit at 75.70 which is just below the second horizontal resistance line.
USD strengthening as well as the political uncertainty in Italy has been detrimental to the EURUSD pair. I expect the downtrend to continue but the RSI has been oversold for quite some time now, therefore I would expect a slight pullback to the first resistance before it continuing to the next level of support. The risk to reward ratio is much more favourable this ...
This trendline has been hit 4 times making it a significant trendline. I expect the price of gold to reverse and potentially follow up all the way to the first horizontal line that will act as resistance which was previous support. Tight stop-loss at around 1282 based on previous price levels over the last few days as a major break of this trendline could see the ...
Interesting to see how the 4-9-18 simple-moving-averages react when shown on the weekly chart of BTCUSD. Theory states that when the 4 crosses the 9, it gives an alert, and we must thus wait for the 9 to cross the 18 to confirm the buy or sell signal. We can see that this has worked pretty well in the past. In regards to the downtrend we have been witnessing since ...
Using the fan principle, described in Murphy's book, we notice how these trendlines acted as support and have reversed into resistance. One important thing to note is the slope of these trendlines. Ii the trendline is too steep, it suggests prices are advancing/declining too rapidly and that the price change will not be sustained. This can be seen given the first ...
Nice bottom here where we can see an ascending triangle forming. Notice also how we are seeing an increase in the volume in regards to the white candles which strengthens the bullish scenario.
Furthermore here is an excerpt from the book 'TA of the Financial Markets' by John Murphy (pg. 138):
"While the ascending triangle most often appears in an uptrend and is ...
Cup and Handle pattern forming which can be seen across many altcoin charts. Could the upcoming Consensus meeting act as a catalyst?
The cup and handle pattern is propping across most altcoins. It looks like these coins are ready for a push upwards in comparison to their bitcoin value. Could the Consenus meeting be the right catalyst?
Short-term movement towards the $8900 area.
Bitcoin showing a falling wedge pattern against which could point to a bullish reversal.
The appearance of several head and shoulder patterns would reinforce the idea that the current pattern will follow a downtrend. We could see the current BTC price going down further and potentially test the 200 MA price which is around $8000.