CNY
USDCNH: Potential long term topWith oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me.
You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU, XAG, CHF, CNH, so, we know these are relatively stronger (same as oil and other commodities).
Good luck,
Ivan Labrie.
Is $STR the next polo margin play? ($XMR $CLAM)They got the pump, looks like $STR is ready for the pump too.
Bitcoin resistance and trendline broken, momentum building3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.
Daily candles Lisk pattern?Just for fun.OK, here's daily chart of Lisk at poloniex. I noticed that we had 1 big green candle + 6 mostly neutral smaller candles and again 1 big green. Now we have another 6 after big green. Size of Big Green candles is very similar. So if this is kind of pattern and it is not ending yet, we should see now another big green candle with similar size like others. Well, to be honest it would be too nice to repeat it, but I decided to publish this as a fun-chart. I don't know if this "pattern" will happen again but it looks pretty interesting to me. Good luck!
Watching out Shangai IndexAppealing 7 months accumulation in the Shanghai Index, many opportunities ahead if it breaks above 3100. Especially watching out for underrated nano and micro companies (under $300 million market cap).
Long TriangleLooks like the correction is still in good form of a drawn out triangle.
Wave E overthrow is valid.
Breakout confirm above B - Invalidation below C.
4H Inner Trend UpdateStill following same count for now.
Price has been unable to penetrate trend support so far - will re-evaluate if red line is broken.
2H Inner TrendCorrective 61.8% Fib Retrace + Hidden Bull on both RSI and StochRSI.
Watch for break out confirmation above previous local high.
Possible Triangle Continuation CountPossible count for trend continuation pattern.
Confirmation above (B).
(See Linked Chart - Meant to post w/ sooner)
*Note:
- It is possible the triangle has further yet and could be wider than pictured.
TrendingLooks like a corrective continuation pattern about to finish up, which should move us upwards into higher time frames.
*Notes:
- Watching for StochRSI to trend out of oversold to begin move.
- Looking for $680 area to hold as support.
Bitcoin Breakout next daysAfter a bullish signal on BTC the short downtrend was broken and build a base for an uptrend.
At the moment we can see the BTC moving in a triangle so we can wait for a breakout next 2 days.
BUY STAWKS (Part 2)Global stocks bounced as expected. Higher highs on their way.
SPX - 2150 / 2160
DAX - 10380 / 1399
Possible BTCCNY FlatLooks like China could paint a flat correction here.
Watching for a wave 5 push into C to complete the move beyond wave A.
Should see oversold divergence to confirm.
So boring.
USDCNY 4/26/2016This is for those of you who are trading USDCNY. It's hard to trade something as protected as USDCNY, but know that given a long enough time period, nothing escapes triangular geometry.
How To Track The arbitrage Opportunities On Chinese YUANHere The Pretty Nice Setup To Hunt The Arbitrage Opportunities On Chinese YUAN.
Will USDINR breakout and depreciate INR further?China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD .
China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move.
This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend.
Can "INR" sustain the pressure or it will prevail further devaluation?
Go long FX_IDC:USDINR
Trade Trigger 67.2
Target 68.6
SLTP 66.7
