Bulllish
ONTBTC BullishONTBTC also looking as if it is going to close above weekly resistance/support, need to look at weekly close to confirm. Have to watch for reaction at trend line and resistance but if it was to break above I do think it will have a breakout and go on a big run here. I will take a position now but watch closely over the next two weeks for confirmation.
GBP to Strike Again? - GBP/CHF Ichimoku Long TradeWe're going back to the GBP for this setup as well.
Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here.
I am looking for a chance to get long to try and get back up to price structure.
We're already near a possible entry, but I would like to see a good support candle form to help confirm we are going to head back up.
If we fail to hold our support or if our bullish confirmations change, this setup may become invalidated.
Overall view of WTI Crude Oil - Analysis of August 12th's weekFundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade dispute. Buyers instead were motivated by Euroilstock data that showed total crude and product inventories of 16 European nations in July were slightly lower than in June. Likewise, the commodity is strongly correlated to the US dollar index which showed lately a bear spike and increased odds of oil soaring.
Technical: the energy commodity settled several times at the demand level forming a head and shoulder formation (or Triple bottom). An increase of traded volume coupled by a strong momentum made oil increased 7.42%. USOIL began a bullish trend and will attempt a breakout of the supply level.
advice: Stay bullish and buy any low points while we don'T break downside 51.000. The target should be set at 60.000 or higher.
DGB 350 MAa break of the 350 MA would ultimately confirm the bull run for DGB
head and shoulders pattern in the process of completing just under the 350 MA
Constructive Trade Talks? Bullish MarketWeekly Review
- Markets keep going up
- Keep correcting the downside from 2018 that did not make sense
- Markets are bullish but the volume is lower so the vulnerability is bigger
- Negotiations between China and USA
- Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer
- We should receive some good material this week
- European macro keeps weakening
- Manufacturing data is below 50 for the first time since 2013
- This week there is not much European macro
- ECB should speak and explain their position in regard of this economic slowdown
- When ECB tells what they are going to finance will be positive for the markets
- Keep an eye on both the trade talks between China & USA and the ECB
- Also, there is a meeting between USA and North Korea that will be more constructive than destructive
- Strong American macro-data can indicate that the economy can keep increasing
- American GDP is expected to be 2.5 which should be good
The most important factors to take:
- A constructive talk between USA and North Korea
- Progression in the talks between USA and China
- ECB starts talking about the stimulus package
If there is not any displeasure, markets should keep the bullish trend, however, watch out for the volumes as they are lower.
Tron (TRX) - Long Term Head & Shoulders Formation Completion?Looking to hear some others thoughts on this Head and Shoulders formation, and whether others think its completed or still going down farther. Currently short-term looks like it will turn bullish.
What do you think? Looking forward to seeing others ideas.
LTC/USD - Looking confidence in a dip - I'm back inShort video update on LTC and what i'm seeing in my charts. Start this one off a bit different in showing I just purchased some LTC earlier today and explain why I did so.
This is not trading advice, so don't follow me.
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