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Technicals

QSP forecast QSP Is currently in Descending Regression mode, Completely range bound. A break above 0.00004480 is very bullish for QSP for further gains. In case it does not pick buying momentum than we can easily see the price going back towards the 50%-61.2% correction before it goes back up. If you are not in the trade already than I would recommend to wait and see which direction is it headed too. A break down can give you a good entry point to hold and go long and a break above can give you the sign that it has picked momentum and you can expect good short to medium term gains ahead. but taking a position while its range bound can sometimes get your investment stuck if it starts to go side ways. I am medium to long term bullish for QSP and expect to get at least 2x-3x gains in the coming quarters.
QLong
by shaxrashid
EURUSD - Retest of the Top or Time to Drop? Price has had a recent surge up to Daily Highs and looking at the daily time frame you will see the huge wick that was formed on the Daily close yesterday. Price has been moving in this descending channel for weeks and respecting the trend line. the last couple of days has been the first real break, is this a fake out, surge for liquidity or is this change of trend. For me I want to see a clear break below the trend line and a clear rejection before taking any shorts. We did have what looked like a break and retest only for price to crawl back higher. There was some confluence when price came close to the 0.618 fib and then moved higher. Currently we are in a channel between the bottom of a 4hr wick zone and the top of a 1hr wick zone. If we break above and reject the 1hr zone we could see a retest of highs around the 1.18400 area which would give the ideal place to short if we get the right rejection / exhaustion from this area. Time to sit and watch and see if there can be more confluence added rather than just rejection.
by Wonour
Potential Long Opportunity. Having a look at the dollar index. We are within a bullish channel for a few weeks now, after breaking out of the inverse head and shoulder pattern. Looks to be last week DXY started loosing traction. and fell to a near strong support zone as a parallel bullish channel trend. I am under the suspicion that fundamentals will be the driving reason behind dollars next move. I am favoring the reversal so far. Fundamentals- this week to be released related to the interest of the dollar are: Consumer price index. It has been mentioned that we may not be expecting what investors would want to see. This may not be what the market is looking to be told. Meaning the market might be looking for the interest rate hike possibility. Or interest. So this fundamental could be completely ignored. Tuesday- PPI data release after Chair of Federal Reserve Speaks at a conference. Thursday- Unemployment Claim Numbers. Friday- Building plans Data. Technical- History on the 4hr chart shows the bullish rejection along illustrated parallel trend line. Stoich RSI shows a near bottoming insight. Now i would still watch to see if this zone holds. Bullish dollar is still considerably note worthy. Daily Chart- Shows a retest of the neckline for the Previous head and shoulders break. These technicals usually suggest a setup for bullish momentum.
TVC:DXYLong
by TiltonKy