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NZDUSD - Break of Head & Shoulders To Trigger Long OpportunityLast week saw bullish momentum coming into the NZDUSD causing price to begin forming an Inverse Head & Shoulders pattern signalling a potential rally soon in the NZDUSD. Price is currently still in the correction phase of the right shoulder and a break of the neckline will clear the way for longs to the target highlighted on the chart which is both the technical Head & Shoulders target as well as the next key area of resistance on this pair.
Long
by Jonny_Fortune
USDCAD - Head & Shoulders Break To Trigger Short OpportunityPrice has made a downward sloping Head & Shoulders pattern with a test of the neckline. A break below the neckline test will clear the way for shorts down to the Head & Shoulder Target 1 and Target 2 at the next key area of support highlighted in the chart. The formation of a downward sloping Head & Shoulders pattern however indicates the possibility of even further declines in the USDCAD past the targets as the downward sloping nature of the patterns neckline (in a downtrend) often proceeds volatile moves. A rally in Oil should also see the strength coming into the Canadian Dollar.
Short
by Jonny_Fortune
Volatility Breakout in Ethereum Could Signal Further WeaknessThis chart looks at rising levels of volatility in ETHUSD Rising volatility (blue line) relative to the March peak suggests Ethereum could have more room to fall against the dollar. Some near-term support around $250 could be tested if the fade in Cryptos continues. The recent move lower has been agitated by weakness in the XLK. However, the days ahead are shaping up to be a batlle over valuation with major players lining up on both sides of the market. ETHUSD / BTCUSD / LTCUSD
BITFINEX:ETHUSD
by pwarren
$VCPS Wine Club and App Patent Approval Could Send This .01+***$VCPS GROUNDBREAKING WINE INDUSTRY APP LAUNCH*** VCPS is an OTC Pink stock that is current and trademarked in the wine industry with a mobile app; patent pending. The wine industry is expected to continue it’s exponential growth in 2017. VinCompass seems to have a leg up on this projection with the amount of effort they have put into their brand. Special Wine club The VinCompass Signature Series Wine Club is a key component of our members' ongoing wine journeys. Featured wines are true to their places of origin, but also demonstrate innovations in winemaking that make them must-haves for those interested in expanding their wine experiences. While not all the featured wines have cellaring potential, they will all bring delight to your table. VinCompass Currently has a Wine Club that will bring in substantial income a rundown of which follows: Wines $50 and under: 3 Per Month $90 Monthly Payment 6 Per Month $180 Monthly Payment 9 Per Month $270 Monthly Payment 12 Per Month $360 Monthly Payment Wines over $50 but under $100: 3 Per Month $180 Monthly Payment 6 Per Month $360 Monthly Payment 9 Per Month $540 Monthly Payment 12 Per Month $720 Monthly Payment Wines over $100: 3 Per Month $270 Monthly Payment 6 Per Month $540 Monthly Payment 9 Per Month $810 Monthly Payment 12 Per Month $1080 Monthly Payment VinCompass is a wine company that is working on a patent pending application similar to Leafly (marijuana) and Zillow (real estate) but for the wine Industry. Their application is downloadable on both the Android and Apple App Stores. Access to their application is currently by invitation only. Per their website you can request an invitation code via staff@vincompass.com (This is thought as a testing phase before the approval of their patent.) Their application is patent pending and has been projected to be granted in 2017. The company has been noticeably busy on OTCMarkets as of June 2017 and the CEO has even purchased 18 million company shares at a higher price than it was worth at the time per Form 5. It is thought that the patent may already be granted and they are getting their filings up to date and buying company stock before announcing anything.
VLong
by StockGuild
USDJPY Reversal (Technicals/Fundamentals)My previous analysis called for USD long last week but this week it looks like we can change from bull to bear after last week price action, economic data and statements made by Fed chair Janet Yellen during two testimonies before congress we can say that we have a weaker dollar for now. Price rejected major resistance at 114.500 early in the week and has been falling since with majority of the drop coming from bad inflation news on Friday and emails regarding Trump Jr and Russia leaked on Tuesday. We see a nice head and shoulders pattern on the daily chart. Looking for more downside to the 112.000 area. It looks like gold broke out of its downtrend as well on a weaker USD.
by nick.trader4
XAUUSD Broke Trend- GOLDUsing the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a potential EMA cross would add to the list of confirmations which looks like a possibility. If the dollar continues to weaken 1240 zone seems like reasonable upside target.
OANDA:XAUUSD
by nick.trader4
$2599 SupportIt is important that we make a close above support of $2599 today. If we don't, the time in which Bitcoin reaches the $3250-$3300 price point that I've predicted must be extended. As of now, we have until July 3rd to reach it. Should we fall below our support today and close OR fall below the support line of my upward ascending triangle tomorrow, that date would be extended by about 7-10 days. And then? More consolidation. Probably back down to $2760 or so at that point. As always, happy trading.
BITSTAMP:BTCUSDLong
by stewdamus
2
What is next for TSLA?? Let me begin by saying this Friday's pull back is nothing to be concerned about "yet"... I don't know of a way to tell if TSLA will go up or down from here. But the price action will give us clues as time goes by. There are many technical terms for what happened Friday in TSLA. I will give you just one, Bearish Engulfing Daily Candle. You can look up the definition but it is often a clue that the stock price is about to go down. If you have been involved in TSLA since June 5, you are making money for sure. Make sure you don't give it back... If you got into TSLA after June 5 you may be losing money at this point. The best advice I can give you is don't let your losses get too big. There is no telling IF the stock will go lower or HOW MUCH lower it may go. Don't take chances with your investments. Profits should be kept. Loses are meant to be minimized. Now that I have warned you lets talk about some levels that TSLA may hit before starting to go back up again. "IF" TSLA is going to go up from here, then $355ish was that level. $354.80 was Friday's low. So that is the level it hit before turning higher. But what if it goes lower? $351ish - This is the 8day ema. This could be the place where TSLA decides to turn and go higher. $344ish - This is the most recent pivot. This could be the place where TSLA decides to turn and go higher. $336ish - This is the most recent support level. It is also the 21day ema. This could be the place where TSLA decides to turn and go higher. $327ish - This is where we saw a daily double top in the month of May. This could be the place. $315ish - This is the 50day ema. This could be the place where TSLA decides to turn and go higher. I am not predicting any of these levels will be hit. I am looking at the daily chart and sharing levels I think are potential places the stock may decide to turn and go higher. As I said earlier, it may be that $355 was that level where TSLA decided to turn around. In that case, the turn has already happened and it could be up up and away from here... I was long TSLA options until Friday Morning. Once it went negative on the day I decided to get out of most of my position. I am a big fan of TSLA in the long term. I will look for a place to get involved again. But I refuse to watch my profits disappear because the stock is going down while I am bullish the company... Good luck to all!
NASDAQ:TSLA
by TheTrendLineInvestor
3