After a bullish triple ascending cycle with hidden bearish divergence to confirm the bearish cycle developing the potential 2nd leg down to 1.10 possible congestion in 1.12 levels.
If there going to be buyers , this is where they are supposed to turn up. I like dealing with facts and the only fact is , sellers are currently in control of this market. We need a significant excursion on the upside or downside to tell us what to do next. Let price decide.
Just like her goldy sister, silver is fueling up for the next launch.. On all the turmoil and geopolitical instabilty, silver will be a prefered safe haven again in the near future. Prices will most definately soar. We might drop just a little further on the strong dollar on the short term but silver definately won't break the monthly trendbottom.. So the...
FX:AUDNZD is making a nice flag under the bigger trendline, which it has recently broken through. Now I'm waiting for it to either breaking the flag or a good short set up in the top for the channel.
I believe we might be in a longer-term move to 116 before we see any serious sellers showing their hand.
We have seen continuously diverging swings for facebook for last several weeks, the new short (114.5) and long (124.95) are watch level for next two weeks until year ends! the long position is expected to fall upward to median probability, however stiff plunge can lead to downward level of S2 and S3 around (111). Due to stronger dollar as of december 14th, it is...
The IEA Oil Market Report was largely in line with OPEC's assesment yesterday - Non OPEC output was seen falling in 2016 by 900,000 B/D - However, they differed on the 2017 perspective with 2017 expectations from the IEA forecasting a modest growth of 200,000 B/D in 2017. Opec Output however rose to an eight year high up 400,000 B/D in June at 3.21M B/D on the...
$EURUSD Greenback will be shooting stars. Yuu can forget about the weak dollar and be careful about the currency devaluations against dollar. As you can clearly see from the chart EUR is about to get smashed by dollar. It is moving down nicely in a channel. So far, the indicators are confirming the down trend. 1.17 is acting as a strong resistance. I am initially...