Last Friday we've got DiNapoli bearish grabber weekly pattern, which suggests taking out of previous lows on weekly chart. This makes us change daily view as well. Currently difficult to forecast definitely how lows will be taken - either just washed slightly or with true breakout. Bullish context could be re-established, if market will break up recent top and...
Greetings everybody, Friday's sharp reversal was a bit irrational from technical point of view. This is the reason why we think that EUR could show deeper retracement. At the same time, we do not cancel yet our daily bullish scenario with upside action to 1.19 area, but have to switch from simple AB=CD to "222" Buy pattern due recent price action. For detailed...
Greetings, guys as BTC stubbornly stands right under major 3/8 resistance, it could mean preparation for the attempt of upside breakout. We see multiple patterns on intraday charts, that specify targets and could make our life easier for identification of either bullish context or its failure. On daily, if we will be right on deeper upside retracement, we will...
Market yesterday has completed our short-term ultimate 1211 target and we need to increase scale of targeting. While our medium-term expectations are 1240-1250 area, in shorter term we have 0.618 AB-CD extension above recent top. While market holds 1200 lows valid and stands above re-tested trendline, we're looking up. Currently price action mostly points on...
Although the whole upside action is just a retracement after strong daily/4H plunge and potential '222" Sell is still ahead, on 1H chart we have skewed reversed H&S pattern. Once BTC has hit our OP ~6520$ target recently and erase "Sell" opportunity of "222" pattern, we suggest that next XOP target @ 6718 on the horizon. Trading process here will not be...
If you've read our EUR analysis yesterday on signature link to our website, you probably know that our bullish setup, based on two bullish grabbers that have been formed on 4H chart has worked. AS a result we have upside triangle breakout. EUR has to stay above it to keep bullish context. Drop down, back inside the triangle we treat as negative sign. Next our...
Morning everybody, so, our 1207 target has been hit very fast and now gold shows normal technical pause. Next one we expect at 1211. For details, where to take position and how to do it - follow our signature link, dedicated to gold analysis.
So, it seems our yesterday's bet on upside action was correct, although we do not expect that upside action will be so signficant. This let's us switch to 4H time frame where we have another harmonic pattern is forming. If you want to know what it is and what next BTC upside target - follow our signature link for BTC analysis.
While EUR stands above 1.1520 lows it keeps chances on upside action. Today we see two levels, from which this action could be re-established. Only breakout 1.1535 level will be clear sign that we're going to 1.1465. Until EUR stands above it, upside action could continue. For detailed trading plan, patterns and targets visit our FX analysis page, following...
Yesterday action was dramatic, perfect example of gold style of action. But, in dry result, we've got important bullish patterns, which let us expect action to 1202 and then to 1207 targets. For precise patterns, levels and trading setups visit our Gold analysis page, following our signature link below
While BTC shows bearish sentiment and we still keep our 5900$ target, while 4H bearish dynamic pressure is valid, other markets, EUR, GOLD shows bullish signs. So, may be this will hold BTC from immediate downside breakout and today minor "222" Buy could work & keep BTC inside triangle for sime more time. As overall context is bearish - do not marry any long...
Hi everybody, Currently BTC shows downside action due "222" Sell pattern that has been formed recently. For bulls, it is vital the price stop either at 5/8 Fib support or, at least above 6225$ lows. In this case BTC will keep chances to show upside retracement to 3/8 Fib resistance according to our yesterday scenario. If these lows will be broken, we're going...
Morning everybody, EUR shows a lot of hidden bullish signs, and shows some details that make us keep bullish short-term context. Our nearest target is 1.18. Please follow our signature link, if you want to know precise patterns, targets and explanation of our view
Greetings everybody, our medium-term scenario suggest reaching of 1238-1252 major resistance area. In shorter-term, while gold stands above 1190 lows, it keeps chances on immediate upward continuation. For detailed charts, patterns, explanations and targets follow our signature link.
Greetings, our major short-term target here is 5900$, but before reach it, BTC could show minor upside relief to 3/8 Fib resistance. For precise patterns and levels follow our link in signature, dedicated to BTC analysis.
Recent NFP report was very positive and this confirms our long term view on US interest rates upside trend. Now, there is 99.8% probability of Fed rate increase to 2.25% in September and 77.58% probability of rate increase to 2.5% in December. Prob. has increased for ~10% due last NFP data. It totally confirms the technical picture that we have.
GBP could follow the same tendency as EUR in short-term perspective. We have reasons to keep an eye on 1.32 area as potential target. For definite patterns, levels and how to play this scenario - follow our signature link.
Hi everybody, yesterday we've published our long-term view on BTC with potential target below 5000$. Now, as market is flirting with oversold, downside action should slow down a bit, and we also could watch for closer target - 5911$