Fiber
Fiber - Trend Continuation (EURUSD) Previous analysis on Fiber was for a move down to the major support zone to start the week. After the major support zone was touched a strong rejection occurred causing the overall uptrend to continue as we have ended the sequence of lower highs. The reasons for a shift back to the uptrend are stated in the picture. Higher Highs now expected again with a retest of the high coming first then, if successful in breaking the current high, 1.13xxx would be the next target area, a level we have not seen since before U.S. President Trump was elected back in Nov. 2016.
EU 4H LongEUR/USD is near our target.
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Short scalp on Fiber1) Wedge TL overshoot, OK Sell.
2) Bear Micro Channel After bouncing from D1 Upper Channel.
3) Double Top L2, fading a trendline breakout on a AIS context. Ok scalp sell.
Gold short - weekly level hold, breakdown and 61.8 fib rejectionGold broke lower out of this channel after testing this weekly level to the upside. Prices then pulled back after testing the daily level to the downside and is currently rejecting the 61.8 fib. If we see bearish price action I will enter short
USD/JPY short on break of counter trendlineUSD/JPY rejected this zone and is heading lower. On a break of his counter trendline we can go short. Risk/reward is 1:2
GBP/USD trading opportunities in coming weekGBP/USD is in a key area and we have had two 4hr inside bars. A break above this area would show that support is holding, therefore giving long opportunities. A break below weekly support at 1.2420 would see us short to around 1.2250-1.2200. It is important to remain unbiased and trade what we see here
Euro Dollar back to range 1.04/1.15 Analyzing the Euro Dollar chart on a weekly time frame, it is clear how pair failed to break below 1.04. This level hold again ( third time ), giving bulls the strength to push the quote higher. Natural target for the upward movement is 1.15. A personalized stochastic to filter out most of fake signals is now crossing above the oversold area, thus confirming the bullish idea. However, in order to have a better signal, let's wait to cross above the area.
The analysis is valid for medium / term only.
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EURUSD | PULLBACK AND WEAKNESSIn May we thought we would make a new high... Now we have EURUSD-0.07% doing a pullback to the broken support after brexit.
Expect some blood till 1.095
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EURUSD | SETUP UPDATEDWe could see EURUSD testing channel resistance at 1.148, there is an OrderBlock at 1.115 so we may see a continuation of current bearish channel after hit it.
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EURUSD | Current and possible scenarioAs I show in this chart, fiber could go down till 1.11X till June. After that it will make some corrective structure that will end with a buy or sell on breakup.
Regards and happy trading!
possible ongoing accumulation on fiber by marketmakers As you guys might know fiber is consolidating on the daily chart. While this is interesting, it's not too important. The important part is knowing where prices will head for next. And to me it looks like the marketmakers have left behind a clue. I compared fiber to DXY and I found the following:
VS
As you can see EUR/USD made a low on december 7th, and made a higher low on december 17th.
DXY made a high on december 7th and made a higher high on december 17th. Wouldn't you expect fiber to make a lower low when dxy makes a higher high? I think that fiber refused to go lower because it's in a marketmaker buying program. Meaning that fiber is under accumulation and that a bullish move may very well occur.
possible bull targets are the following: 1.1186-1.1216 and 1.1322-1.1343
Dollar Regaining StrengthBoth the Dollar and the Euro are resting on orderblocks. The Dollar block is a strong support line that it has already bounced off in the past. The Euro bear block is the recent high from a few months ago and has bounced off it before.
Infinera Stock Oversold and Ready To Continue UptrendInfinera stock is at an excellent oversold level on the RSI. The stock has been in an uptrend (purple) going all the way back to October 2014.
Revenue growth has been good over the last 4 years. In 2011, revenue was $405 million. In 2014, revenue grew to $668 million. The annual revenue growth rate for the last 5 years is an excellent +16.7%. Revenue growth has been speeding up. Quarterly revenue growth (yoy) is an excellent +30.9%.
Infinera Corporation stock has had lots of EPS forecast hikes. About 30 days ago, the EPS forecast was $0.12. Just last week, the EPS forecast was raised to $0.16. That’s an over 30% increase that has not yet been priced into the stock.
Source: www.guerillastocktrading.com
