shaxrashid

shaxrashid

Lookiing for support at 200MA, needs to hld 1550/1560 to continue the bullish upward momentum.

shaxrashid

Platinum falls sharply and will continue to fall while it looks for some support for a short term rebound which I (assume) could go to 945. However, if support at current level is not found than we are looking for another major fall towards previous lows and potentially even lower toward 885/80 Support area before it starts to rebound.

shaxrashid

Russell 2000, breaking all trends. Close to resistance, We can see it keep rising to new highs if the earnings report beats expectations.

shaxrashid

WTI has performed more and quicker than expectation and has hit all profit target levels at least 2 weeks earlier than expected. I recommended a sell all the way from the top on 15th January up to 58.50 which has turned out very quick and smooth. I will be looking for some support at the 59 area. It does have support on the down side but I will watch the market...

shaxrashid

If you have been following me, I posted a chart for crude oil few weeks back for a shot position and it has been doing exactly the same after i posted that chart. It has been turning out even better than i anticipated and quicker for that matter. We can see further down fall till 61/60 targets at least, where I would suggest to exit your positions. I will soon...

shaxrashid

RIPPLE XRP needs to hold the 61.8% fibo support area to change trend and stay on the upside. As long as it holds that support level we can definitely see the price going towards the 38.2% fibo resistance area for short term profits. There will be some testing done when it approaches the 50% resistance level and buying volume will play a big role here to push the...

shaxrashid

The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well. It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to break...

shaxrashid

The Blood Bath continues, however some great swing entry points are coming in the near future. BTC has done as expected when it broke the trend line yesterday. Swing trade entry points mentioned on the graph, I would suggest to get in from 7800 on wards , If you are a cautious trader than 6400 is a very good entry point if it falls that low because there are a...

shaxrashid

As we all know that in my last BTC forecast I predicted a swing trade which paid off well, Looking at the current scenario BTC has to hold the current position for any bullish trend to form. The psychological 10,000 level is still intact but a price more towards 11,500-12,000 is more reliable for us to believe that it has strong resistance down below and will...

shaxrashid

Well it seems that swing trades is the new long. Ive been able to catch 2 swing trades luckily but i am not going long right now on this crypto because the sentiment has not shown any positivity yet. CBOE had its first Futures expiry yesterday on shorts, Well that explains a lot why it was taking a nose dive and CME futures expiry is on the 26th so Yes potentially...

shaxrashid

target reached: So it has happened. The price has reached the target Area, We can see slight downfall from here as the chart and last support suggests due to increase in sell off we will see a swing trade from here and let the price stabilize as it cools down.

shaxrashid Updated 

STORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing...

shaxrashid

As you are aware that i posted a chart around 7-10 days back that if XRP does not stay inside the pitch fork another down leg will follow and it has done exactly like that. The good news is we are now ready for a rebound as we have some support now on the downside. This is a game of patience and those who are patient will see a price rebound fairly quickly. All...

shaxrashid

GBPUSD and EURUSD have shown true resilience in the last year with a constant uptrend in formation. There have been multiple bull runs on a frequent basis after it was brutally hit hard and tanked. But as they say A Set back is a Setup for a come Back. GBPUSD has been constantly creeping up trying to reach the stability levels. We can see a slight pull back in...

shaxrashid

Crude oil had a crazy rally last year and was one of the most promising commodities and is still a performer in January 2018 along with other commodities such as GOLD and Silver. However there seems to be some resistance up ahead for WTI crude oil around the $67 dollar mark and by the looks of it, it can be a good time to short. Yes! i do believe Crude oil is...

shaxrashid

QSP Is currently in Descending Regression mode, Completely range bound. A break above 0.00004480 is very bullish for QSP for further gains. In case it does not pick buying momentum than we can easily see the price going back towards the 50%-61.2% correction before it goes back up. If you are not in the trade already than I would recommend to wait and see which...

shaxrashid

One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last...

shaxrashid

Gold has done well closing at the key support level, however there is some strong resistance ahead which it needs to take out clean for a long bullish signal. I am long on Gold since 1260 due to its technical pattern and commodity itself. It has been very much under pressure the last couple of years but has done well in 2017. 2018 looks bullish for gold if it...