LIGHT.CMD/USD 4H Chart: Will continue to gain strengthThe Light crude oil prices have continued to appreciate in a medium-term channel against the US Dollar. The 50-hour simple moving average has pushed the pair towards the $60 mark.
The LIGHT.CMD/USD pair is trading near a resistance level formed by the weekly pivot point at 60.18.
If the weekly PP hold, a possible pullback towards a support cluster at 59.21 could follow within this session.
On the other hand, if the crude oil prices pass the resistance line as mentioned above, the pair might hit the $62 mark before the end of March.
Prices
AUDCAD fundamentals and technicalsCanadian benchmark rate is at 1,75% and is expected to rise gradually but is dependent on the oil prices, as growing concerns
over growing surplus and lower demand. Canada is highly dependent on the U.S. economy where there are expectations
on a slowdown to more sustainable pace through 2019. Consumption spending and housing investment is slowly weakening, and a
high interest rate is not helping. while household spending also will be dampened further. The economy is expected to grow
by 1,7% this year. CPI inflation is also expected to edge further down, while a lower canadian dollar could increase some upward pressure.
Australia´s benchmark rate is at 1,50% and is likely to stay at the level for some time. the lower level of interest rates
are showing some support for the Australian economy. After a rise in house prices
credit conditions for borrowers are tighter than before which results a fall in house prices. Some optimism for a U.S. - China trade agreement
could push the AUD higher, while slowing growth concerns can put some downside risk to the Aussie as Australia is highly dependent
on China which is the biggest export market for them. CPI inflation is expected to fall in the short term because of the low oil prices.
Australia´s economy is expected to grow with 3% through 2019 and support a strong labor market while also supporting inflation target of 2%
Growth outlook is being supported by rising business investments and higher spending on public infrastructure.
CFTC-Report is showing a bigger positions in net short on the CAD than the AUD where previously levels have shown that the aussie was heavily shorted.
the net short is slowly decreasing for AUD.
Bond spreads between CA05Y vs. AU05Y is tight with a higher yield on the CA05. This could indicate that some selling is taking place for CA05 and some buying for AU05
i expect the bond yields to widen a bit with higher yield on CA05
Looking for a break of 0.95 handle with stops below 0.94 handle.
USDCAD Vs. Gold and Oil Gold and oil prices is one of the facts for rising and falling Cad. a small pullback in oil is expected before more upside potential.
Risk of higher us oil output =lower prices. slowing global economy=less demand
But there are some potential in the EM, Which can increase the demand and push prices a bit higher.
OPEC just released its oil market report, where there is no highlights of the production cuts, and prices. This could sound like they are hiding there plans to cut further and Increase prices.
Gold could also see some further upside potential in H2 2019, after a small pullback.
Shorting USDCAD when break of the trend. monitoring gold and oil prices for this position.
Bitcoin Short Term PriceBitcoin is still ranging between 6350-6800 but after BTC recent $300 move up we have since formed a higher low & now coming to the end of a short term ascending triangle, but with volume declining as we approach resistance & very little new retail money entering the space, I greatly favor us staying in the range a little longer, I would expect a retest of the green support line if BTC breaks down on the triangle.
Follow for updates
Bitcoin Long Term Chart 2014-18 This Time Is Not Different Lets get one thing straight, Market Psychology has not changed between 2014-18 & all of the tech progressions have been priced in, the price has risen with the fundamentals.
So now everyone is wondering when is the bottom? First you need to understand where we are in the market cycle.
The chart shows the stages of where the market has been since the last bubble and where it is at now, Here is a description of the phases.
The Accumulation Phase : This phase occurs after the market has bottomed and the innovators (corporate insiders and a few value investors) and early adopters (smart money managers and experienced traders) begin to buy.
The Mark-Up Phase : At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes technicians who, seeing that the market is putting in higher lows and higher highs, recognize that market direction and sentiment have changed
The Greed or Late Majority Phase : During this stage, the late majority jump in and market volumes begin to increase substantially. At this point, valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are unloading.
The Distribution Phase : In this phase, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months. But the distribution phase can come and go quickly.When this phase is over, the market reverses direction.
Mark-Down Phase : The final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued.
I believe the mark down phase is about to get into full swing
Waiting for the Accumulation Phase To Re-enter long positions
Follow for updates
Bitcoin Cash Short Term UpdateWatching the triangle, a break up should see us retest the resistance & continue to range, A break below would signal new lows.
Volume continues to descend, bears are having a break, but bulls are not convincing us that they will reverse the down trend.
Overall Bearish
Bitcoin Making Higher Lows, Short Term UpdateSince The Recent Low Of 6100 Bitcoin Has Since Made Somewhat of A Reversal or At Least A Bounce, Making Higher Lows On The Way.
Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To.
We Are Still In An Area Where We Do Not Know If This Is A Reversal Or Just A Bounce On The Way Down, My Bias Is That We May Continue To Range Between 6300-7k For A While.
Follow For Updates :)
ROKU WHAT HAPPENED!Alright so this stock has plummeted down to the 30.00 Region.
It's very hard to tell where prices will go in the future, I believe that if prices break out of the 40.00 Region . We could gradually see prices going to the upside target of 60.00 . Wiping out all prior highs, I also believe that it's not farfetched anticipating a short on this stock down to lows of 20.00 .
I think you should stay out of this stock for now guys! Just my two cents of course!
STAY SAFE GUYS !
BUCKY'S!!! - STARBUCKS PRICE FORECASTING.Starbucks a business which is very close to my heart, seeing that I have it almost everyday. Let's get down to business.
Estimated Earnings was 0.57, however actual earnings was 0.65 . If we're playing the traditional Earnings Game , we could anticipate a large appreciation. Going long on this stock prior to earnings, with this current effect would of left you hurt. I was in fact looking at this stock last week, I just didn't get around to posting it. I think that prices will eventually appreciate creating a LOWER HIGH at the 60.00 price region and a further depreciation is expected making a LOWER LOW . Of course, I believe that if prices however go up to the 60.00 region it also runs the risk of heading up to the 62.00 Region this could happen if prices pass the 60.00 zone with strong volume.
Starbucks Earnings Report: Estimated 0.57, Actual Earnings 0.65
Sector : Consumer Cyclicals
Volume: 51.852M
Market Cap: 82.508B
Current P/E: 19.13
EPS: 3.04
On the VERGE of massive profits. Target $0.76!
I love the way VERGE is playing out. If the base of our
triangle fails to hold at the 50MA we could retrace back
to $0.07 (or .236 Fib).
Right now we are in the buy zone. I'd set up the bulk of
your buy orders here, between .07 and .11. Then, have a few
above and below (just in case).
Our longer term target will be around .76 cents! 800-900%+
profits. I'll take that.
Good luck my crypto trading friends!
BTC/USD Rate Compared to Cash FlowOBV is a volume-based measure that tries to get a handle on cash flows. It is plotted with the BTC/USD exchange rate. Not surprisingly, inflows to BTC are causing its price to rise. The BTC/USD market is a normal market determined by supply and demand. So far, there is no evidence indicating that demand has started to fall, triggering a bear market. This does not mean that there is not a bubble, nor that prices will fall in the future. This is a correlational, not predictive analysis. Besides, technical analysis is a waste of time, given the randomness in this market and lack of external referents by which reasonably objective valuations can be made.
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Short EURJPY on the breakdown of the SupportSame play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90
XAGUSD - Daily Technical ViewSilver continue to trade in this symmetrical triangle and a breakout looks imminent. The biased is for further downside and measuring the height of this triangle (as a means for profit taking measurement) will take us south of 14.50 or more.
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