EURUSD- Bounce will once again in Upper ResistanceEURUSD- Bounce will once again in Upper Resistance.
All in the chart.
Trend-channel
EURGBP- The long weekly trend will not disappoint you!GBP is likely to continue to lose ground for EUR. Although I consider myself a retracement trader I have to admit that this rising trend is here to stay and will continue for several weeks as my projection forecast.
Technically the Regression Channel is showing that we are now at (-1 sigma STD) on the daily 200 LRMA (Linear Regression Moving Average). My experience has shown that this slight retracement on this pair is not sustainable so the odds are now favouring EUR, eventually will come back with the bullish signal after the completion of the retrace near the support, trend Line. You should Buy EURGBP near the support TL or when prices test it again. Good Luck! (Beware that this will be a Long-term Trade)
GBPUSD: Waiting for a selling opportunityThe British Pound seems to have complete a complete downward cycle made of 5 waves. The GBP/USD is building a correction phase which might come to an end around 1.34 and so, a reversal is to be expected. We cannot know for sure if the market is going to reach this cluster, but if it does, we might expect the GBP/USD to bounce off and go down. In this case, I will send the potential trading targets defined by using the Fibonacci levels.
$MU Regression Channels: currently in an uptrendThis post is a supplement on my previous post on the (Wyckoff) accumulation phases.
Linear regression shows $MU is currently in an uptrend.
Gold regression since 2013 collapseGold is trading at the upper extreme of its regression channel since it broke down in April 2013.
Deduce what you will based on your own trading strategy, some may view this as a potential break-out, others might play the mean-reversion.
I'm agnostic for $DXY related reasons, so I will watch closely.
Triangle pattern and uptrend regression LONG indicationNot much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom (bearish) or top (bullish). It's any mans guess at this point.
Suspicious. Bitcoin misses Christmas?The mainstream press like CNN, Bloomberg or The Guardian thinks that Bitcoin is dead by simply comparing the price change from December 2013 to 2014. Bitcoin is far from dead, but there is a risk of a new downtrend if the price falls below $315
- Bitcoin Bears Say Told You So As Digital Currency Falls (Bloomberg. December 15, 2014)
www.bloomberg.com
- Bitcoin stalls after hitting record prices in 2013 (The Guardian. December 15, 2014)
www.theguardian.com
- Is Bitcoin over? (CNN International. December 15, 2014)
twitter.com
FDX breakoutFDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long positions.
