InvestingScope

InvestingScope

BNBUSD is complying perfectly to our trading plan with a rise to 11.0060 and subsequently a pull back to 9.1580, inside a seemingly standard 1D Channel Down pattern (RSI = 38.178, MACD = -0.793, B/BP = -1.2679). The break - out points are illustrated with eclipses. We are already short and will add more if the Lower Highs occur. TP still 7.5154.

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XEMUSD is extending its losses on a long term bearish 1W Channel Down (RSI = 36.144, oversold on STOCHRSI, Williams, Ultimate Oscillator). However it may undergo a formation change to a 1D Falling Wedge (blue lines) if 0.1069 is crossed now. Still it is limited to a 0.12060 maximum, so we remain short with TP = 0.060.

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ETCUSD has entered a Triangle on 1D (Williams = -52.688, Highs/Lows = 0) similar to the June - July pattern (illustrated with the blue lines). 1H and 4H are also in deep neutrality (CCI, Highs/Lows, ADX) indicating that the current level is only suitable for scalping. The long term trend of course remains bearish within the 1W Falling Wedge and every spike should...

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DASHUSD remains on a very controlled 1D Channel Down (RSI = 33.269, MACD = -19.390, Highs/Lows = -5.7463, B/BP = -24.7908), steadily approaching our TP = 100.21. The dominant trend on the long term remains bearish too, as the 1W Falling Wedge is intact (MACD = -89.850) but approaching a depletion point as it is being narrowed near 69.83 (May 15th, 2017 low).

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NEOUSD has succeeded at trading on low grounds still below the bearish trend line (red dots) of the last 1D Lower High (RSI = 37.803, MACD = -3.103, B/BP = -2.1943). As the neutral Williams = -48.763, CCI = -20.7280, Highs/Lows = 0 indicate, the price is near its Lower High limits, which extend up to a maximum of 21.96. As soon as this consolidation on 4H comes to...

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XMRUSD is consolidating on 4H within a 75.550 - 109.192 Rectangle (Ultimate Oscillator = 49.694). So far the Resisting Lower High trend line (illustrated in blue) contains any upside attempts. We need to wait for a clear break out on this line to go long (TP = 115.494 and 120.927 (0.618 Fibonacci)), or a break of the Rectangle's support to go short (TP = 64.104)....

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Both TP = 30.14 and 29.44 hit as the previous bearish Channel aggressively broke earlier and met the targets much earlier than I expected. Soybean Oil has now entered a new Channel Down on 1D, which is coming off a Lower High (hence Highs/Lows = 0, RSI = 51.334). We now need to wait for confirmation from the two break-out points (illustrated by the circles). If...

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Feeder Cattle is trading within a Channel Down on 1D (MACD = -0.360, Highs/Lows = -0.0614, B/BP = -1.7440). The neutral RSI = 45.095 suggests that it is coming off a recent Lower High, which as seen on the chart was at 151.500. We have opened short and our TP is 146.900 and 144.975 in extension (we will update if needed to pursuit the extension).

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TP = 2.978 (0.786 Fibonacci) hit as the earlier 1D Channel Up (RSI = 59.255, MACD = 0.027, Highs/Lows = 0.0026) delivered the desired Higher High. The price is now trading close to the first 1W Resistance (3.020) and our outlook on Natural Gas is changing to medium term bearish. We are short now, TP = 2.840 and 2.740 in extension (but under circumstances for which...

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TP = 1.2866 hit as the previous confirmation point (1.301050) got crossed activating the short. GBPCHF has now completed a Lower Low on the 1D Channel Down (RSI = 30.531) and should either consolidate or rise strongly for a new Lower High. We go long with TP = 1.28100, preparing to reverse to shorting there as the dominant trend remains bearish.

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TP = 9.2050 hit as EURHKD moved sideways before the Channel Down selling pressure pushed the price lower. The pair is still being traded within a long term 1W Channel Down (RSI = 41.770, MACD = -0.084, B/BP = -0.2478) with the neutral Highs/Lows = 0 suggesting that a Lower High has been priced. As you see on the chart that value was probably yesterday's 9.1235...

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USDZAR is trading within a very aggressive 1W Channel Up (RSI = 67.499, Highs/Lows = 0.6399) with 1D trying to establish a new support (neutral ADX, Williams, CCI, Highs/Lows) near its Higher Low territory. Even on the event of such pull back, the curve will again support the upside movement. In both cases we are long with TP = 15.400.

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EURJPY is on the rise again on 1D (Highs/Lows = 0.7914, B/BP = 1.4400) after almost testing the May 29th support (124.588). We expect it to move towards the 131.991 Resistance, going long with a more moderate TP = 130.350.

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EURDKK is trading within a 1D Channel Up (RSI = 63.378) and the neutral Highs/Lows = 0, MACD = 0.002, B/BP = 0.0036, indicate that pricing a Higher Low is near. The larger setting is also a 1W Channel Up (RSI = 62.486) so if the pair breaks 7.45720, the downside is still limited to a 7.4540 Higher Low. We are long with TP = 7.462 and 7.4640.

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TRON has respected the limited upside space that the 1W Channel Down gave (RSI = 43.337, STOCH = 21.464, Highs/Lows = -0.0164) and is seen on a calculated decline on 1D (RSI = 35.799) with slow pace (MACD = -0.003, Highs/Lows = -0.0002), which indicates that this is the Lower High applying resistance pressure. You can take a short term target here towards...

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The first curve shaped support held for IOTA and the 4H Channel Down broke sideways on neutral RSI = 47.802, STOCH = 50.707, ADX = 24.263, Highs/Lows = 0. With such a low pace (MACD = -0.104, Highs/Lows = 0, B/BP = -0.0521), the 1D Channel Down (RSI = 37.278) is limited to a 0.6700 Lower High maximum extension. As long as this holds, we will remain short on...

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ADAUSD has broken today the supporting curve and extends its losses on a standard 1D Channel Down pattern (RSI = 34.139, MACD = -0.013, Highs/Lows = -0.0063, B/BP = -0.0137). Our last TP of this bearish leg remains 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension, and unless we have a break-out above the Lower High limit of the Channel Down...

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The 1D Channel Down on XLMUSD broke sideways (STOCH - 50.493, CCI = -28.8679, Highs/Lows = 0.0000) as the 0.1938 support held twice. As long as the Higher Low supporting line holds (illustrated on red dots), then Stellar Lumens should seek a Lower High on the dictating 1W bearish pattern. Based on the previous Lower High (0.3533 on July 25th) that was on the 0.618...