Sinatrafx
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term LONGCrude USOIL WTI RSI bullish divergence H1 to 43$ short-term
We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.
Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.
Take care!
Sinatra FX
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DXY might give in for a little correction towards 96 todayDXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows,
then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US NFP data.
So considering this, I would be very careful in taking longs in GBPUSD, especially before tomorrows UK manufacturing and industrial production data for may 2016.
USOIL crude WTI bearish divergence in H4 RSI overbought SHORTUSOIL crude WTI bearish divergence in H4 RSI overbought SHORT
With no real vision in sight to decrease the current oilpumping capacities,
I expect USOIL to get back to reality and at least make a short move back to its uptrendline from february lows.
40 is surely in the cards. A move below might open the door for 38 and further 35.
SPX500 mid to longterm SHORT bearish Cypher, longterm resistanceSPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels with RSI and stochastics in the daily chart hinting at a possible deeper decline,
with 1st support being seen in the red uptrendline from march 2009 lows and the 0.23 fib support at around 1785.
Please see this information as a theoretic example and not a trade idea.
Make your own analysis and plan your trade thoroughly and well-slept.
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August 2015 lows as resistance to USOIL at 39US$ +divergenceAugust 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support + round number) in the coming week.
Thanks for your attention.
Always make sure you only use this as an inspiration to make your own analysis and plan your own trade carefully.
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Bullish divergence in Crude Oil (WTI) H4 opening for correction Bullish divergence in Crude Oil (WTI) H4 opening for correction
Bullish divergence in Crude Oil (WTI) H4 opening for correction back towards 35$ (round number),
34,80$ supportline and 34$ (0.38 Fib support).
This scenario might play out, if the ECB rate decision, today 13:45 CET, disappoints markets, e.g. postponing further ratecuts and
QE measures to the next meeting and thus drives the Euro up against the US$ (EURUSD), sending
markets down, which are hanging on the cliff already.
The timeframe might be slightly different from the visualised one.
So please take this as an inspiration to make your own analysis and work out your own trading plan.
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Strong bullish divergence in GBPUSD opening for recovery to 1.46Strong bullish divergence in GBPUSD opening for recovery to 1.46
Playbook into the spring equinox in the 3rd week of march.
In my GBPUSD scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.
On its way I see 1.43 (downtrendline from december 2015 monthly lower high),
1.44 (downtrendline from february 2015 high) and 1.46, coinciding with the 100days MA coming sharply down, as the main resistance levels.
This playbook should manifest into the 3rd week of march and then need further equasion with a keen eye on
the USD environment in general. We might then see renewed strength in the USD DIY around the spring equinox.
Good luck and always follow your own plan.
Make your own analysis and set your individual levels.
Cheers,
Sinatra FX
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Possible scenario for AUDUSD retreat towards 0.72 / 0.715 levelsPossible scenario for AUDUSD retreat towards 0.72 / 0.715 levels
AUDUSD looks heavy in H1 and H4 with RSI and stochastics tending downwards from the 0.38 Fib retracement of the longterm downtrend coming down from May 2015 highs at 0.7760 levels.
My suggestions is to take partial profits around 0.72 where a break of our recent uptrend from late january 2016 lows might indicate a further decline of AUDUSD towards 0.7130 (0.38 Fib) and ultimately 0.707 (0.5 Fib).
0.72 would also be the level for AUDUSD to drop into a H1 bullish Ichimoku cloud, thus decelerating a possible decline.
Good luck! And always make your own analysis before entering a trade!
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