View!!!
Current view on EURGBP (intraday)Short term intraday review of current possibilities
On a 1H chart we have a bullish pattern
Divergence with a current oscillator confirms the reversal pattern on a 1H chart, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Price is At weekly pivot
However, I will look look for Bearish PA patterns to begin with at 0.7150 due to intraday trend direction
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
EURJPY Intraday current viewShort term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 132.85
P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart
Any questions are welcome!!! just write down in comments.
Your likes are much appreciated.
$EURUSD Intraday viewShort continuation is highly possible.
The price has retested it's resistance area and is closed an engulfing day after a spinning top.
Critical Stop loss for a short entry is above 1.3000 level
Price is moving towards the support are which is also a Gartley potential target.
So selling with a target at around 1.1050
Turning to 1 hr chart I will wait for a retracement towards 50 % area of the current swing or in case of a short term support breakout will wait for a return towards a resistance or 50% of the new swing that will appear
Details are at the chart, and all the questions - are welcome!!!
here's a video link: youtu.be
MACRO VIEW: WTI OIL IS STILL ON LONG TERM DOWNTREND RISKWTI Oil recently broke down into the 10-year downtrend by falling below 1st standard deviation from 10-year mean (120 month), and confirmed it by holding the test of the level (now at 56.5)
As long as price holds below the level among expanding volatility (marked by 3.2 standard deviations from the mean), risk of lower prices persists.
DOW JONES OVERVIEW: APPLE HOLDS 10-YEAR UPTREND TESTDuring the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92.
On short term basis, the price managed to hold 1-year ascending channel (marked by 1st standard deviation from 1-year (264-day) mean, but the risk remains on quarterly basis - the price is below 1st standard deviation from quartelry (66-day) mean @ 116, reflecting probability of more downside here.
Thus we can conclude that while price is trading above lower 1st standard deviation from yearly mean @ 102,80, the overall bias remains positive.
It will be confirmed by price getting back into 5-year uptrend by breaking above upper 1st standard deviation from 5-year mean @ 109
NAS100 week 34 This is my MONTHLY VIEW on NAS100
What we see is normal.
First of all we have to look what is happening around the world.
German stock market has fallen 18% from the top. World MSCI emerging markets stock index movements in the measurement of this month, has fallen by nearly 10%. This may be the emerging markets worst August since 1998. These markets have lost all that is earned after the month of July 2009.
Exchanges called for at least a 10% drop from the top of the correction. If, however, the decline from the top is 20% or more, it is called a bear market, or declining market. Emerging markets came to the 11th of August, having fallen from the top 20%. Also, Taiwan, and Indonesia is now the bear market in equities. In Europe, the Stoxx Europe 600 broad index of the correction phase. 18 Western European market share has dropped from the tip 13 of at least 10%.
So what I think of it overall is NAS100 is not different and we are on our way to correction from overvalued and overbought market.
I am not saying we are turning NAS100 to overall bullish. We are on our way to correction.
If looking at monthly charts I`d say 3720-ish range is the target from which we should continue our way`s up.
IF the market wont turn out BEARISH overall.
If we go bearish I`d say it will be long bearish journey.
This is it for this month
Lets see and trade smart!
Remember: DONT TRADE AND DRIVE!
Gert Nurme
22/Aug/2015
$DXY US Dollar Short term view.A clear signal has been formed during the last week, so I will look for a short opportunities during the intraday price action.
