Ichimokuchart
Litecoin (LTC/USD) is poised for a bullish reboundIt appears that Litecoin (LTC/USD) is poised for a bullish rebound within the coming days.
The 100-day moving average suggests its been in oversold territory for quite some time (all of 2018), while the Ichimoku Cloud is depicting a pattern of bullish momentum.
I wouldn't be a bit surprised if a breakout occurs within the next few days to around the $50 price mark. Happy Trading!
Kiwi dominating the EU? Ichimoku EUR/NZD setupWe've been on a nice bearish breakout and we've broken previous price structure lows so I am expecting some more bearish movement with this pair. I am setting an entry as a break below our current candle, but as an alternative we can also look for a rise and rejection at tenken sen since we've been holding it so well on this bearish trend. I am targeting the flat kumo on the left side of the screen. We may even push further than that, but its a good intermediate target to aim for. If we fail to form a lower low or find resistance at tenken sen then this setup may become invalidated.
Uranium (URAXPD) Summary for End Week 4 - 2019So after a volatile 2018, is this Uranium's year to shine?
Well we've had 4/5 very good weeks but imo we still have some way to go yet before we can consider this a bullish period.
On a technical basis the chikou span, tenkan sen and kijun sen and kumo are all yet to confirm a bull run is underway.
Fundamentally not much seems to have changed other than the UK government doing its best to screw-up its energy strategy once again with the problems at Hinkley and Hitachi pulling the plug. It's not a great look for nuclear as a whole, but on the brighter side it may open up the better option of the RR sourced smaller more compact reactors that are better suited to the world in 2019.
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Ichimoku long setup: EURUSDPrice is trading inside a mother bar. Future kumo is thick with 2 flat spans. Entry was made based on CD. Trade is monitored once every 4H based on ADX.
Ichimoku short setup: CADCHF On the H1 TF, all the Ichimoku signs are bearish. This is a kumo breakout trade with confirmation from secret indicator.
Looking to short GOLD according to Elliot waveSince october 2018, OANDA:XAUUSD have been moving upward, now testing $1300 level.
In a weekly analysis point of view, we can smell a reversal signal (maybe short). This week just closed with an inverted hammer candlestick wich indicate more selling pressure.
On the weekly time frame, I'm looking for an Elliot wave 3rd impulse. I have combine Elliot waves theories and Ichimoku indicator for analysis. We can see 2 waves have already been formed. The price rejection (inverted hammer) at the Senkou span B level also votes for a bearish signal. The 3rd impulse (red line) is forecast if the Elliot waves theory is validated. Meanwhile, we might get a light pullback before going long (green line).
We will have a clearer mind next week at the close of the next candle to this inverted hammer.
Ichimoku short setup: USDCADOn the daily TF, we have a bearish tenkan-kijun cross, chikou span is below price and a bearish kumo twist. Price is basing along the kumo edge and is a little far away from kijun. Give this pair some time and we should begin to see the start of a new bearish trend.
Ichimoku short setup: NZDCADThe daily TF is giving hints that a new bearish trend is about to kick in. A bearish kumo twist is to be expected within the next few days.
Ichimoku short setup: EURSGDOn the daily TF, all the Ichimoku signs are bearish. Price is basing at a 52 week low. Traders may place a sell limit order on this pair to get a better entry price.
Ichimoku long setup: AUDUSDPrice is basing under the kumo. There is bullish tenkan-kijun cross and the future is bright. Similar to AUDNZD pair, the main concern is that the price is a little too far from the kijun.
Ichimoku long setup: AUDNZDPrice is basing under the kumo. We have a bullish tenkan-kijun cross and a bright future. %R confirms the strong bullish momentum. The only concern is price is a little too far from the kijun.
