The price rebounded at 6.5652 but the bounce was limited to 8.5217 on another Lower High Rejection within the 1D Channel Down (RSI = 45.058, MACD = -0.755, Highs/Lows = 0). As seen on the 1D chart however, the price has been trading above the median (red dotted line) since the beginning of June, indicating less aggressive bearish bias. We can observe this also on...
Bitcoin was bought back at 6,100 just as quickly as it was sold at 6,800 suggesting strong sideways bias within this 1D Rectangle pattern (RSI = 54.299), as the Channel Down broke. 1H should now aim towards the 6,350 Pivot (ADX = 41.635, STOCHRSI = 0) as the rejection at 6,771.0 (Engulfing bearish candle) can be considered the new Resistance rejection on the...
Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current...
The price action on XRP has created a new short term 4H Channel Down that is now that is now testing the 0.4600 Resistance. Even if that breaks, the 1D Channel Down (RSI = 42.708, MACD = -0.026, B/BP = -0.0074) applies significant selling pressure near 0.48909, so a bearish continuation for Ripple is the most likely outcome at this stage. TP intact: 0.4100 and 0.35277.
The price action delivered 420 again as Ethereum made a complete resistance - support swing within the 4H Rectangle (roughly 420 - 490). This is the current scalping strategy for short term profit seekers on ETHUSD, but the 1D Channel Down (mostly neutral Highs/Lows : 0, RSI: 49.437) should soon start applying selling pressure (MACD = -16.790). TP intact = 357.60...
The US Dollar Index continues to trade within its 1D Rectangle (RSI = 53.043, STOCH = 50.681, Williams = -48.067, CCI = 8.9068, Highs/Lows = 0), supported at 93.200 and resisted at 95.25. Today's position is a short, TP = 93.450. A lower break out is expected around one month's time, as seen on the chart.
NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.
BTC made a 6,080.80 Low On Thursday, which has so far provided a 3 day bullish streak that peaked on Sunday at 6,388.90. This succession is on a ~10K volume average as opposed to the ~22K of the downfall since 6,826.10. This could be an indication of an unsustainable bullish run, also technically interpreted as a Lower High on 1D (RSI = 45.780, Highs/Lows =...
EURRON is on a very long term 1D Rectangle pattern (RSI = 48.105, STOCH = 47.119, Williams = -47.804, CCI = -46.8286, Highs/Lows = 000, all neutral) at 4.6135 - 4.6800, trading sideways since mid-November 2017. You can work withing its Support/ Resistance levels (buy low, sell high) as long as they are not crossed. The next technical TP = 4.6303.
Both TP = 4.34099 and 4.3700 got hit on EURPLN as the price aggressively increased inside the 1D Channel Up. This pattern is still intact and as you see it is testing the lower supporting trendline. With the 1D RSI = 48.813, MACD = 0.004, Highs/Lows = -0.0129, we can assume with a certain degree of technical certainty that the new Higher Low has been placed. The...
Bitcoin is trading within the projected channels (blue dotted lines) after being rejected on the latest Lower High Resistance of the 1D Channel Down (RSI = 41.424, Highs/Lows = -160.6788). The 6,142.60 "weekend target" hit earlier on the very bearish 4H MACD = -89.600, Highs/Lows = -1.6516, B/BP = -144.3262. The new Low on 1H at 6,079.9, was swiftly bought back on...
USDCHF has touched the Resistance of the 0.999 - 0.9856 Rectangle on 4H and with 1D on nearly neutral MACD = 0.001, Highs/Lows = 0.0034, B/BP = 0.0063, a rejection is expected. Short, TP = 0.98981.
AUDJPY is trading within a 80.500 - 84.500 Rectangle on 1D, with the price approaching the Resistance (RSI = 60.628, Highs/Lows = 0.9543, MACD = 0.040). Expecting another curve-shaped rejection (see chart) and decline towards the support. Shorting at 83.970, TP = 81.165.
TP = 0.034219 (March 22 contact point) hit, as TRON complied perfectly to the projected Channel Down pattern on 4H (RSI = 30.223) after a smooth rejection off the first pitch resisting line (red dots) seen by the low Highs/Lows = -0.0013, B/BP = -0.0025. Those however indicate a more steady decline that will see hitting our next TP = 0.030110 (March 09 contact...
The price created the new Channel Down (RSI = 33.428) on 4H that was projected and Highs/Lows = -0.0270, B/BP = -0.0543, MACD = -0.035 already point towards the 0.888 support. 1D remains on a perfectly balanced downtrend (RSI = 39.385, ADX = 30.901) and the lack of oversold aspects indicates that the new bearish leg on IOTUSD can be sustainable and on a steady...
TP * 72.86, 71.88 and finally 70.60 all hit as USOIL followed the projected bearish reversal (blue curve) after being rejected on the Higher High of the 1W Channel Up (RSI = 59.281). Yesterday's collapse was initiated by a 1H Engulfing bearish candle (RSI = 27.521) despite the positive Crude Oil Inventories, indicating that those were priced in and that WTI...
NZDCHF was emphatically rejected today near 0.6800 creating a new Channel Down on 4H (Highs/Lows = -0.0022, B/BP = -0.0038, ADX = 38.054). The imposing long term trend is bearish anyway within the larger 1D Channel Down (RSI = 40.209), which near its median is on neutral Williams, CCI, Highs/Lows. This will either pull the price lower starting now, or near...
CHFSGD is on a 1D Channel Up (RSI = 52.440) having just formed a new Higher Low (Highs/Lows = 0). With 4H already pushing higher (STOCH = 60.003, ADX = 39.893, B/BP = 0.0023), this is the most suited place for a long, TP = 1.3868.