SPY EOY ForecastI think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will very likely see 303 and possibly lower and if we get confirmation of a deal (and it's a good one) we will likely print 320 and beyond in early 2020.
Marketanalysis
long term view of GBPUSDwe're currently in the middle of a month-long correction after the sharp spike in British pairs I believe we are due for another impulse that'll take us somewhere near 1.33xxx. we have 2 completed up waves and expecting a 3rd. with the 1,2,1 wave structure coupled with an expanding wedge, the yellow circle is a likely target.
prepare for launch in 5, 4, 3......looking at my moving averages we see price is pinching at the 50% fib level of the previous trend. I believe this is the next likely target for AU, couple this with 30 min divergence. I believe price is winding back for a major move north. i will trust my 30 min indicator with momentum before going long.
View On EURNZD D1 (05/11/2019)My view on EURNZD:
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is price will break through 1.7321 (support level) and down to the next support level (1.7000)
Thanks for reading !
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX
AUDUSD: between a rock and a hard place.we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.
I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
AUDUSD projection here we have my follow up chart for audusd, I am looking for an inverted head and shoulders pattern that subsequently ends up to be a mirror image of the left blue box. this does not rule out that price will not reverse lower and potentially make a triple bottom but that would be unlikely in my view.
no more longs on AUDUSD until inevitable correction.we've achieved a 3 wave uptrend that began from the first of October. now we are yet once again in an overbought position and any new longs should be taken with precaution if not avoided altogether. I believe for this upcoming week we will see a dip in AUDUSD or probably a new downtrend.
Solve ready for new Bull Market? x8 again?Hello Guys, I am here again to share some TA with you!
During its short existence, Solve Care has seen a beautiful bull market (800% incline in price in 55 days), with a golden cross and a top of 8100 sats. Now it had been in a bear market for the past 120 days, with a death cross and a 88% decline in price. I am still figuring out why I didn’t pay attention to this death cross. We have had a time of consolidation on and around the 1000 sat level. So Solve is ready to enter its next bull market. This could mean an x8 increase in price again.
Yesterday price went up with a beautiful 31 percent. Taking It above the 50 Day MA and above the RSI resistance at 54. My best guess is that this could very well be the start of a new bull market. I will be updating this post to let you guys know when big things are about to form, like a golden cross.
What do you think? Leave a like and a reaction.
Greetings!