arnevv

arnevv Updated 

The high for oil is probably set, for at least a month. It speaks for itself that this is contrary to the current belief due to the war in Ukrain, but the charts speak for themselves. Expect a correction during the remainder of march and april. Target for the correction is 104 to 106 level. Once the correction is over, Oil will probably rise during summer to 168...

arnevv

Bitcoin is showing is that a longer term bottom is in place, because of the following reasons. Momentum analysis The weekly chart found support on the RSI 40 level. A longer term Positive Reversal (LT PR) is there, with a signal count of 16. The Cardwell CFG is bottoming out at the same level as in june 2021. Elliott Wave The strong leg up to april 21, is...

arnevv Updated 

The SP500 shows a nice wave leg up, the big question is if this is the start of a new trend or just a correction. It doesn't matter for the short term traders, because this impulse needs correction first. Therefore a 2-week correction is expected to at least 2730 (previous wave 4) or 50% level (2650). Momentum analysis (see the red arrows on the StochRSI and the...

arnevv

T-note finished (or is about to finish) a run up to 139. This last leg up is a Wave B, once this leg is finished we can expect a big decline to 134 (previous wave A) or even 130 (previous wave 4). The reasoning behind the expectation that the current uptrend is about this finish is based on RSI (does not get above 65), multitimeframe analysis (see weekly chart)...

arnevv

Looks like the bottom is set on a long term timeframe (weekly). Looking for wave B, with target of at least 2826 (50%) but more probably between 2957 (61.8%) and 3144 (78.6%). Momentum on weekly TF indicates selling power is exhausted for now. This is probably not the end of the bear market, i expect another leg down as the correction from (5) to (A) is done too...

arnevv Updated 

All timeframes on NZDUSD are bearish. Next longer timeframe target is 0.63411, which is the last bottom on the Monthly timeframe Target: 0.63411 Invalidation point: 0.70644 (last bottom on Daily timeframe) See below the multitimeframe analysis M) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60), Bear retracement exactly at 50%, Price is...

arnevv Updated 

Target: 1.3769 Invalidation point: RSI(14) on daily chart below 40 or below thick black Moving Average Composite Reasons why: * Positive reversals on daily chart of CFG, target 1.3769 * Bearish divergence on daily chart of CFG, which confirms uptrend * RSI(14) mvoes between 40 and 80, which confirms uptrend Overview of all timeframes M: Down,...

arnevv

EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market. Next target: 1.146 (based on weekly timeframe) Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe) See analysis of multi timeframes below: M) Down: topping at 60, below fibo 50% level...

arnevv Updated 

Target: 59.304 and 61 Invalidation point is 54.5 (actually thick black Moving Average Composite) Multi timeframe analysis - Updated on: 05/10/2017 M) Up (although early/fragile) PR TA: 61.68, C < MA's, RSI not yet above 60 W) Up: RSI>60, Close > MA's D) Up: PR TA: 59.304 4H) Indecisive (RSI is on 61) Reasons why: * Clear uptrend on daily, target is 59.304 ...

arnevv

Bullish on Gold (XAUUSD). Target: 1364 (based on RSI Reversal on Weekly Chart) and after that 1441 (based on Monthly chart) Invalidation Point: 1280 (thick black Moving Average Composite line on Weekly) Below an overview of the multitimeframe analysis M) Up - sideways: Positive Reversal Target (PR TA): 1441, but Range Rules on RSI(14) show sideways W) Up: PR TA:...

arnevv Updated 

Salesforce (CRM) Target: 104.35 (based on signal on weekly chart) Invalidataion point: 92.32 (thick black MA Composite) Multitimeframe analysis based on RSI, Moving Averages and CFG M: Up: C > MA's, RSI > 60 (and MA's on RSI) W) Up: PR TA: 104.35 D) Up: but fragile, just missed PR. RSI just broke above 60 4H) Up: just switched from bear to bull. RSI > 60

arnevv

Still very bullish on Bitcoins. Nice to see targets in previous analysis was hit easily. Below an updated multitimeframe analysis. Target: 6399 Invalidation point (support): 5013 Montly - Up: Simple moving average (9 periods) on RSI is still above 65. Which is very bullish Weekly - Up: Little bit of resistance expected,when Bitcoin tries to break through RSI...

arnevv Updated 

Long, with target 4446 Invalidation point: 4040 Multi-timeframe analysis M) Up: SMA9 on RSI > 65 W) Up: Last PR TA 3911 (supp-level), still in correction D) Mixed: RR bear, but PR TA: 4446 4H) Up: In correction, pay attention to bull div which is bearish signal Early entry is now possible, safe entry is when Daily RSI is above RSI 60 again.

arnevv Updated 

Monthly, Weekly and daily timeframes all bullish . A positive reversal target on Daily timeframe with as target 2540.4. Major support is currently at 2514.5 (last target of positive reversal on 4H timeframe) M: Up W: Up, last PR 0.66% TA: 2474.2 (support) D: Up, PR 0.66% TA: 2540.4 (next target) 4H: Up, last PR 0.66% TA: 2514.5 (supp) Monthly, Weekly and...

arnevv Updated 

Target: 0.78085 Invalidation point: 0.78900 Reasons why: * RSI Negative reversals on 4H chart, target 0.78085 * RSI moves between 20 and 60 (bull markets move between 40 and 80) * Previous bottoms give resistance * Price below the Moving Averages * Daily, Weekly and Monthly Timeframes aligned Overview of timeframes M) Down: below MA's,...

arnevv

Monthly, weekly and daily trend are all clear up. Next target is 23101 (based on weekly positive reversal) Updated on: 18/9/2017 M: Up (RSI >80 / EMA45 > 65) W: Up -- PR TA: 23101 -- Last PR TA: 22116 (supp) D: Up (Failed NR)