Nikkei (10/11/17) *A potential +600 point trade is unfoldingGuys..
Take a look. Yesterday Candle in Nikkei has caught my eyes.
It is clear a sign of strong bear is attacking back.
So, becareful with the long side now especially the price is below 22650 level.
If it goes lower It can swing to 22k level.
Since Nikkei is getting BEAR,jpy pairs shall be in bear mode too.
Trade Safe,
s0nic
Singapore
BitCoin (13/11/17) *Did you follow our $1,200 move?Did you follow our brearish warning on $7500 region? Nice sell down we had.
Now it is sitting pretty 5800 level. It may swing up as the dead cat bounce but you can NO longer blindly bullush anymore.
I am seeing $5,000 level as another target.
This lil ponzi has too much hot air to deflate first.
Trade Safe,
s0nic
German Stock Index (DAX) 11/11/17 *Bears are showing UPI am Bearish. In weekly, we have very strong bearish cancellations candle is showing up.
It proves that the bullish momentum is being rolled over at the present.
The likelihood of swinging down in short term is highly possible.
So, I will be taking my chance and I am standing on Bearish side now.
Trade Safe
S0nic
GBP/USD (8/11/17) *Once 1.32 is broken, it is going UPThe slight of USD shall resume soon. It shall bring all the pairs up that are paired against USD.
GBPUSD is one of them.
Do look out for the level of 1.32 region. To confirm the further bullishness, this pair needs to break out up from the level strong.
The first stop will be 1.330 regions and eventually to 1.35
Trade Safe,
s0nic
FTSE UK100 Stock Index (7/11/17) *BULL but 7600 is a tough nutWe can see big amount of effort from Bull to push the index higher.
We have to aggre that 7570 - 7600 region will be a very HARD resistant and bulls are trying hard to break through it.
They may succeed and currently we do not have any strong reason to call for a short yet.
I am standing with Slight Bullishness for now.
Trade Safe,
s0nic
Silver XAG/USD (2/11/17) *Up to +1,000 pips potential move upSince the inflation is ticking up, so are the prices of precious metals. I hope you watch our last Tuesday video. Pls search sonicrmastery in you tube.
We may be seeing a high probable UP move in Silver. I am turning more and more bullish now
Time it well and be patient.
Trade Safe,
s0nic
USD/JPY (1/11/17) *UP to +320 pips potential trade set upPreviously, USD/JPY was riding well the pullback of USD.
Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry.
It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible.
If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips.
Let's see
S0nic
USD/SGD 4H Chart: Set to GainThe US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar. The breaking of the massive scale pattern occurred in a channel up pattern, which is likely the first move in the revelation of a new massive pattern.
Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the borders of the medium scale pattern. Moreover, most recently the pair made a rebound in the junior pattern.
Due to that reason it is expected that in the short term the currency exchange rate will reach the resistance of the weekly PP at the 1.3653 level.
EUR/JPY (31/10/17) *+300 pips move expectedI am expecting JPY to strengthen during BOJ press conference today.
The only thing that I do not like is the current location. So, it might swing back higher in seeking of Bear liquidity before swing back down eventually.
Nonetheless, I will only look for SHORT entry.
Weakness in Euro will pull down this pair further.
Trade Safe,
s0nic
EUR/USD (30/10/17) *Looking for Short Trades OnlyI am Bearish. With the current geopolitical condition in Spain, this pair is going to drop a lot further.
Do not think about going long at this moment. It should easily fall to 1.14 or 1.1212 level.
We have been talking about the fall of euro for weeks. This may be our time. Be Patient. DO not rush in.
We do not have much Euro news this week but it will be under spotlight due to geopolitical issues.
Trade Safe,
S0nic
BitCoin BTC/USD (29/10/17) *Small Pullback likley on the card.BTC is still in long-term uptrend but it is rather in range mode for now.
I am expecting some sort of quick pullback (a short one at least) for a time being.
If there is any slide occurs, do watch out that 5400 to 5600 level will act as regions of support.
If the region is broken, the price shall cruise easily down to 5000 level.
We have yet to see the signs of big down moves yet, but the small swing backs are likely.
Trade Safe,
s0nic
Gold XAU/USD (28/10/17) *Bears are winningI am Bearish.
The Weekly candle is pretty much in the bear side but it is likely to go lower again. We have FOMC in the next week. It may be a trigger to break 1,264 level. It may swing to 1282 or 1290 level but they may turn out to be very nice short locations.
1,266 region is supportive and 1280 is resistant.
Trade Safe,
S0nic
SGDINR - More Upside in the Near / Medium TermWas in a discussion with one of our students from India asking about how's the outlook on Singapore Dollar (SGD) against Indian Rupee (INR).
Thought would be good to share our outlook for those who are looking at this two currencies as well.
My personal bias is that there is still more upside potential on this pair - meaning we can still expect to see some strength in the Singapore Dollar against the Indian Rupee in the near term, potentially towards 48.54 - 48.98 area.
Gold XAU/USD (24/10/17) *More Bear likely. More to unfold.Gold seem to be weakening across the board with USD is making a comeback. (Pls see my USDCAD Bullishness analysis too)
Gold will likely to go lower and retest 1265 easily. Then we need to see how it react.
We have FOMC next week. It is likely to go 1255 soon.
Trade Safe,
s0nic
Hong Kong Stock Index (19/10/17) *Buy On Rumor, Sell On NewsWe have a very interesting setup is forming in HSI.
Now the hype of the CCP congress is over or "almost" over, so is the "buy on rumor, sell on news" come to play.
I am expecting more bearishness on this index, it should go at least to 27600 level as nice decent retracement while 25740 as awesome ultimate TPs.
Let's See and Trade Safe,
s0nic
AUD/NZD (27/9/17) * It is a matter of time.Did you follow our call for the AN pull back?
We have an awesome run up on AUD/NZD and it was met with pretty serious pull back.
Now a lot of late buyers are crashed.
I suppose they are wiped clean for now.
Since NZD rate decision is about to out, I am seeing AUDNZD shall ran up higher.
Moreover, NZD political uncertainty is getting bigger. So, AUD rate rise against NZD. It is a matter of time.
Trade Safe,
s0nic
EUR/JPY (18/10/17) *UP to +600 pips potential setupI can’t help but see the nice potential short set up forming in EJ pairs.
To validate the trade further, the price needs to break 132 level strong down.
In term of fundamental, Euro isn’t that strong either.
In order to play this set up out, there should be geopolitical event that bring buying frenzy on JPY.
First tgt is 128.5x and the next will be 124.1.
Trade Safe,
s0nic
Crude Oil (WTI) 11/10/17 *$52.7 will be very hard resistant.48.7x region is respected as expected.
Since the current move still in bull candle, that means the chance is going UP is stil higher. it can even go to as high as $52.7 region.
I expected things to get harder, to go up higher as more and more sell pressure shall come in.
So, please be careful, if the price starts to creep up $52.5 level.
Trade Safe,
s0nic
Disclaimer :
This analysis is purely based on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.