Recovery
LISK RECOVERYAfter having an excellent performance, LISK fell like so many other currencies in a red week.
Gradually and if the volume helps we will see our LISK at the levels reached and hungry go for more.
Elliott Wave Analysis: GBPJPY Intra-day DeclineGBPJPY is trading in a potential three-wave decline, labeled as a-b and c. We see waves a and b completed, which means current intra-day drop lower can be wave c. Ideally wave c will now reach even lower levels and later search for a base near the middle or lower channel line. The Fibonacci ratio of 100.0 can also act as a region of support and push price higher.
Elliott Wave Analysis: Gold Long And Short Term LookDaily view:
Gold can be trading in a big, sideways price action known also as a triangle correction. A triangle correction is a complex pattern with five legs, with each leg having three more sub-waves. On the daily chart of Gold we see price now trading at the start of leg D) of this triangle pattern and can search for a base near the Fibonacci ratio of 61.8.
4h view:
Gold can be trading in a bigger three-wave decline within a triangle as shown on the daily chart. We are talking about A-B-C waves; currently still in wave A that hit new low as expected after recent rally to 1313 proved to be corrective leg because of three subwaves. We labeled it as wave four so fifth wave is now here and can stop near 1270.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Best time to buy EDG?EDG confirmation letters for 0.1 platform will be sent tomorrow, so it can impact to price up. We got some nice fib too.
BTC Recovery Provides Relief, Though Market Remains UnconvincedSee chart for TA and FA.
Support: $1880
Resistance: $2440
DEUTSCHE BANK - technical analysisAfter the tough time, Deutsche Bank had last year, facing a U.S. lawsuit (...), the stock is finally recovering and we are likely to see a strong appreciation in value during 2017. As the price development suggest, Deutsche Banks's stock price usually follows trendlines for a fairly long time. Moreover, price movements most of the time follow a linear function and therefore do not change their direction very quickly, relative to the percentage of price change. Considering these two specific patterns of behavior, the current situation indicates that the price is going to move along with the ascending trendline below, towards the crossing point with the higher descending trendline. From there on, due to the restructuring over the last year and the in-depth change in strategy, cutting costs, reducing risk and focusing more on major clients, at Deutsche Bank, the odds for a breakout above the descending trendline and a continuing upwards movement are pretty good.
3/05/2017 GE analysisThere was a strong rebound of the price with a big bull candle that recovered a good part of the fall of the previous days, obtaining in this way that the price approaches again to the support that broke.
27/04/2017 OREX technical analysisPrice is recovering from a fall and is approaching a level in which it was found lateral
25/04/2017 Nikkei225 Technical analysisAfter a great fall that took the price to a level below the 18300, there has been a great recovery reaching to exceed the level of 1900. Be aware of a bullish continuation, being careful of an exhaustion and possible laterality in the price.
EURUSD Long (short-term)The pullback and bullish price action I've been waiting for happened, so I'm entering a buy stop order a few pips above latest high with TPs at base and R1 pivot lines respectively and SL near current middle BB.
It would be safer to put stop order above base fib line instead but since it's just a pullback instead of a movement supported by fundamentals (i.e. Article 50 about to be triggered next month, France possibly following suit in leaving EU, Trump's promised tax reforms, Yellen's rate hike confidence), EURUSD might either just recover up to base pivot line while testing current support before dropping further and most likely breaking past the 1.05 weekly support.
W:
D:
Confidence: B to C (since it's just going through a pullback, instead of doing a safer umbrella trading and sticking to fundamentals)
USDCAD: Ranging or Bounce UpEither USDCAD will remain ranging this week or bounce up soon from the daily support esp with weaker USoil lately. Waiting for stronger bullish bounce before setting up a buy stop order @1.32, with TPs at R1 and R2 pivot lines, and SL near daily support line.
D:
W:
US2000: Tremendous 15 Consecutive Day Rally I have not been able to find any conclusive data regarding whether or not this rally has been all time record for the Russell 2000 Index. Investor confidence has soared to all time highs via 3 week rally. Although I am glad to see this rise occur, I do not seem to understand the logical or fundamental justification for it. How much longer can the Stock Market ignore the carnage in the Bond Market? Because interest rates have been so low for so long, I believe that an increase in rates at this time, a time when the market has been relatively stagnant for over a couple years, will have a strong deflationary effect on the Stock Market. This December, when the Federal Reserve Hikes interest rates, we will see whether this rally has been a genuine reflection of the supposed US recovery, or if it has simply been an impulsive pump after the election of Donald Trump. Please do not hesitate to leave your thoughts.
