simplejack

simplejack

Anyone knows if ETHBTC pays attention to fib levels? seems like it did when rejecting the 50% (0.08215). currently at 38.2% level (0.0646)

simplejack

Short GBPJPY at 148.1 SL: 150 TP: 141 (for ~700 pips) TD Sequential 13 coming up

simplejack Updated 

Break of 0.8860 monthly strong support. Possible H&S - Wait for daily close below 0.8860 - Possible false break

simplejack Updated 

GBPAUD at bottom of multi-year channel. TD 13 on both daily and weekly - sign of exhaustion and could result in pull back to 1.8800 levels

simplejack

DXY threatening a break of support at 98.70 - Bounce or a breakdown next week? - Next week (Friday): 1. US Non-Farm Employment Change (Forecast : -21000K, Prev: -701K) 2. US Unemployment Rate (Forecast: 16.0%, Prev: 4.4%) *Interesting Note: the two parallel blue lines are of equal length

simplejack

ETH rejected at 50% fib (227.52) and Daily TD 9 Possible retracement to 38.2% fib (195) before continuing its uptrend. Short term bearish, Long Term bullish ETH especially if it manages to close above 260 (61.8% fib)

simplejack

USDMYR has been respecting the daily trendline from the start of March. USDMYR has been respecting the 50% and 61.8% fib retracement levels (from 2020 low to 2020 high) Possible upward breakout of the triangle to complete Wave 5 final leg. Target just above Wave 3 high (4.4480)

simplejack

U.S. crude oil futures for May plummet to minus $37 — lowest price in history U.S. crude oil prices dropped by almost 300 percent to turn negative for the first time as plunging demand pushed storage facilities to their limits. May delivery for WTI sank to a new low of minus $37.63 a barrel by the close of the oil market Monday, a staggering level that...

simplejack Updated 

Observations: - Currently TD 9 (4-hourly). It's worth noting that the TD 9 (4-hourly) brought about a 6-20% retracement for the three most recent completed TD counts on the 4-hourly. - Currently TD 8 (Daily). Possible TD 9 (Daily) tomorrow (8th April 2020) signalling a possible pullback. - Approaching 7700 resistance zone - MACD and RSI negative...

simplejack

TP: 1.59 (1100 pips) SL: 1.710 (100 pips) - Severely overbought conditions and heading toward strong weekly and MACD resistance. - TD sequential will generate a 9 and possible 13 count around 1.70 area. - 1.7 strong psychological level. - Watch for AUDUSD and AUDJPY bounce at 0.60 and 70.20 respectively for confirmation. Possibly EURUSD reversal before 1.12,...

simplejack

SHORT USDCAD at 1.33 (major resistance). Bullish if daily close above 1.33 TP: 1.305 (295 pips) SL: 1.332 DXY at 98.00 resistance. WTI currently at 50 (oversold)

simplejack

Long AUDJPY @ 75.20 (break of inverted H&S neckline) TP @ 77.00 or top of channel

simplejack

2020 could see the continuation of EURAUD sticking within it's multi-month channel (800-900 pip range) - EURAUD seems to be respecting many technical levels even within this channel (eg 1.63). A close above 1.63 could see EURAUD heading for 1.67-1.68 - Look for opportunities to short at the top of channel - Bias to the downside once weekly MACD breaks out of...

simplejack Updated 

Long USDCAD @ 1.3060 70 pip SL @ 1.2990 (trade invalidated and look to short if close below 1.3000) 210 pip TP @ 1.3270 (top of daily wedge) * USOIL currently toppish at 61.80 with potential to fall back to 58.00, validating trade setup. Trade invalidated if USOIL closes above 63.50. * DXY currently testing bottom of multi-month channel. Likely to retrace back to...

simplejack

GBPAUD Short at 1.9180. 30 pip SL at 1.9210. (bullish if close above: 50% fib retracement) 1190 pip TP at 1.7990. *UK general elections next week (Dec 12) and US-China trade talk breakdown could trigger breakout

simplejack

Short USDJPY with break of multi-week trend line. JPN225 retracing sharply from 2019 high.

simplejack Updated 

Favorable risk-reward short during last minute Brexit deal chaos. Stops just above 50% fib retracement (from Aug '15-Oct '16). Price is at 1.9000 Technical Analysis: - Psychological level 1.9000 - Multi-month channel resistance (since Mar '18) - Just under 50% fib retracement at 1.9080 (from Aug '15-Oct '16). - MACD, RSI showing extremely overbought signals...

simplejack

Depending on the outcome of Brexit within these two weeks, we could see a bounce or strong break of a 3 year range (since Oct '16). Either way, a deliberate move at range support is expected: If range is respected once more, TP: 0.9200 (+800 pips) If range is broken after 3 years, TP: 0.7400 (+1000 pips) Catalyst for a break of the range will...