Chronos

Chronos

- below 50-day, below 100-day MA, and looking to test 200-day - EMA cross indicates bearish sentiment - retracement level at around .618 and .500 at around 108ish

Chronos

This is a classic overshoot reaction of market participants with the unexpected news. --Expect it to retrace to the .500/.618 levels, (around 1.40s) before heading lower in the long-run.

Chronos Updated 

--Currently, the XLF is trading at a significant support level at 22.22s. The last time it broke this level was at the beginning of the year with significant recession risks. -- If the XLF trades above this level, this indicates a short-term bullish outlook to the mid 20s. Could test the prior highs, especially if the FED comes out HAWKISH. -- Risk defined at...

Chronos

--- With the world's most powerful central banks implementing negative rates, it's not good news for the markets --- S&P 500 Index's support shows 1820s, any close below that level would lead us down to 1600s --- We could be looking at the 2009 break out levels for the next level of support at 1600s or at (.618 FIB retracement ) --- Quantitative easing has been...

Chronos

So far this pair has been following a clear down trend. As long as it stays within the pitchforks it should continue its trend to the downside. it might be looking to retrace at the .618 FIB level as the RSI conditions look to be very oversold, we could see it pop to .6550s before continue further down. - Target entry at .6550s SHORT - Target exit at...

Chronos Updated 

NZDUSD pair is looking to be stuck within a range over the next few weeks. With the RBNZ cutting their interest rates, the recent rally with the New Zealand Dollar should be met with some resistance around the 1.27 extension (.6870s) with the red highlight bar. This pair could be retracing and would finally move to the downside. Sell the rallies around .6870s...

Chronos

Hey guys, This is my long-term outlook for the EURUSD pair. The green bar used to be the demand zone, but we can the price has broken through this area and we see this pair moving lower. The arrows indicate what I think would happen over the next few weeks. Current Support : 1.070s ---- I'm thinking we might see some closings of short positions around this...

Chronos

This is my long-term view on the NZDUSD. We might see this pair trade in a tight range over the weeks. It seems to be trading around .6780s to about .6640s Support looks to be around .6630s major breaks through this level could be a long way down below. Target could be .6490s at the .382 FIB level. Strong Major Resistance still looks to be at .6890s. I don't...

Chronos

Support should be at .6700s

Chronos

After a double bottom at .6700s, the KIWI has been showing a strong indication that it will likely go higher over the next few days. My prediction is indicated by the green arrows. Minor Resistance at around .6850s a breakthrough would lead to .6780s to around .6900s Strong Resistance at around .6900s ----- a breakthrough of this price level would lead...

Chronos

In my opinion, this pair is retracing at the .618 FIB and looking for another leg higher at the 1.27 extension at about .6970s. The trend seems to still be intact as you can see on the parallel channels. Please follow me and add some insight! Thanks

Chronos

Levels to watch : Resistance : .6640s Support : .6600s Break around the .6600 support level would send the price down to about .6530s Break above .6640s would send it all the way to .6670s. From my point of view, this is retracing while seeking higher levels

Chronos Updated 

Hey guys, Just looking for some thoughts. I think today, this pair tried to break through 1.13 but got rejected and traced back down to 1.12 and seemed to hold it there with an inverted hammer candle stick with the 1hr chart. The red arrows are my predictions for next week's move. Resistance is strong around 1.13s minor resistance are also at 1.1220s and...