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Eur-chf

Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.12916. The system recommends entering this trade at any price between 1.12803 and 1.13028. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.11912, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.0009, so the stop loss has been set at 1.13366. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 60552 Time Issued: Wednesday, 12 December 2018 14:00:16 GMT Status: open Entry: 1.12803 - 1.13028 Limit: N/A Stop Loss: 1.13366 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
CADJPY approaching resistance, potential reversal!CADJPY is approaching our first resistance at 85.06 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 84.31 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
Dow preparing for pullback rally towards 25200/300!Dow Jones had settled lower at 24370 levels at yesterday's close. Further to what we discussed, the indice looks to be setting up for a pullback/counter trend rally towards 25200/300 levels from here, before it resumes lower again. Please note that 25200 is also the fibonacci 0.618 resistance of the drop between 26000 through 23870 levels, as highlighted on the chart presented here. Looking into the wave counts again, a higher degree Wave (3) seems to have begun already from 26000 levels and wave i within Wave (3) seems to have terminated at 23877 levels. At the moment, wave ii looks to be unfolding in an a-b-c flat structure and could terminate around 25200/300 levels. If the above counts hold true, we could see a counter trend rally soon towards 25200/300 levels before the bears react and come back into action. It is a safe trading strategy to remain short and/or sell towards 25200 levels, against 26000 with a potential target below 23000. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
Gold remains just shy to hit $1246/50 levels!Gold might be unfolding into its last wave at a lower degree at this point, and prices might be hitting $1246/50 anytime soon. The metal is trading around $1241 levels at this point in time and looks like its into a sideways movement at a lower degree before it bursts higher to $1246/50 levels. Looking into the wave structure though, Gold is still working on a higher degree Wave C, within an A-B-C corrective rally that began from $1160 levels earlier. Immediate resistance is seen through $1246 while support is seen at $1216 respectively. Ideally, prices would stay above $1228 levels to keep the impulse structure at the lower degree intact. Overall, the short to medium term outlook remains bullish . Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
Dow Jones recumes Wave (3) lower?The Dow Jones might have terminated Wave (2) just short of 26300 levels yesterday, as expected and discussed earlier. It reversed sharply giving in almost 800 points after that and it could be possible that Wave (3) lower might have begun already. Looking at the structure now, the Dow has unfolded into 5 waves from 26950 through 24100 levels respectively, labelled as Wave (1). Furthermore, Wave (2) terminated at 26000 levels as a running flat A-B-C as presented on the chart here. If the above structure holds to be true, prices should remain below 26000 levels going forward, and push lower below 23000 levels as Wave (3) unfolds into 5 waves. Please also note that the drop could be very quick as the 3rd of 3rd wave unfolds. Overall, it is safe to remain short and add further against 26300 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
Dow Jones completes a running flat at 26000 levels?The Dow Jones has reversed sharply after testing 26000 levels recently, in line with the discussions held since last several trading sessions. Looking at the higher degree wave counts, it is becoming clear that after having produced Wave (1) impulse between 26950 and 24100 levels, the indice might have carved a 3-3-5 running flat corrective structure labelled as A-B-C on the charts presented here. If the above structure holds true and that Wave (2) terminated at 26000 levels, we could witness a sharp decline as Wave (3) unfolds itself. Please also note that if Wave (2) is in place, prices should stay below 26000 levels going forward, unless the structure is changing. A safe trading strategy could be to remain short for now and look to add fresh short positions on intraday rallies, with risk above 26000 levels and potential reward below 23000 levels respectively. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
1
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13234. The system recommends entering this trade at any price between 1.13126 and 1.13342. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.51974. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00433, so the stop loss has been set at 1.13667. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 60433 Time Issued: Wednesday, 05 December 2018 07:00:15 GMT Status: open Entry: 1.13126 - 1.13342 Limit: N/A Stop Loss: 1.13667 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
1
EURCHF ShortRecent dovish tone of ECB President Draghi and last week's disappointing PMI continue to push EUR pairs down in general, while CHF will gain traction as long as equities remain bearish. Continue shorting this pair but must watch for signs of reversal near 1.125 (prev. pd 100 fib level in hourly chart). Next TP is @1.12 (61.8 fib level both in weekly and daily charts, 100 fib level in hourly chart), with SL @1.13 (few pips above 0 fib level). Daily: Weekly: Confidence: B (EUR pairs are already starting to be oversold, so much watch out for any signs of rally soon. Also need to close any EUR open positions before CPI news)
Short
by aiza_belle