InvestingScope

InvestingScope

GBPAUD is on a noticeable sideways trade within a 4H Rectangle (RSI = 54.788, ATR = 0.0076) within roughly 1.7740 - 1.7955. The neutral 1D technicals (RSI = 53.884, ADX = 17.374, Highs/Lows = 0) should now start applying selling pressure, so the action is short, TP = 1.7770.

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ADAUSD broke down after completing an Inverted Head and Shoulders (curve shape) like pattern on 4H (RSI = 39.039) but on a less aggressive manner (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0035). Despite the significant downside potential marked by 1W, Cardano follows a more controlled Channel Down on 1D (CCI = -13.9969, Highs/Lows = 0.000), which indicates...

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Stellar Lumens was again rejected near the 0.2200 Resistance, forming another Lower High on the 1D Channel Down (RSI = 37.212, Highs/Lows = -0.0058, B/BP = -0.0294). It is possible to have a recurring pattern (eclipse) on 1H (Channel Down), which will soon break 0.171167 and form a support base (and quite possibly a Rectangle) near the TP = 0.1515. 4H is already...

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BTCUSD firmly broke the 5H SMA100 = 6,406.60 support yesterday on a very bearish Three Black Crows candle sequence (RSI = 31.207, Highs/Lows = -230.1316, B/BP = -326.4320). 5H turned, as expected, into a bearish reversal pattern, with no support on any MA period (MACD = -58.600). As discussed yesterday, 1D has now seen consecutive rejections on the 6,820 - 6,897...

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USDTHB should enter a consolidation phase on 4H (as seen on the Rectangle with high volatility, ATR = 0.0861) in order to bring down the overbought values on the most recent bullish run on the 1D Channel Up (RSI = 72.893, Williams = -12.000). The suggested course of action is to buy on every dip within the Rectangle, TP = 33.600.

InvestingScope

NZDUSD has rebounded near the May 30th, 2016 0.66735 support. This level is a very long term support on 1W and very likely candidate to initiate a bullish reversal. However, in order for this to happen, 0.68641 has to get crossed as the price is still trading inside a 1D Channel Down (RSI = 43.333, B/BP = -0.0012, Highs/Lows = 0). TP = 0.71776 and 0.73402 in extension.

InvestingScope

NZDDKK has rebounded on the soft support of the 1W Channel Down (RSI = 41.290, MACD = -0.018, Highs/Lows = -0.0298, B/BP = -0.0902) Lower Low mark. Entering long, TP = 4.4111.

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HKDJPY is currently testing the 14.19330 Resistance on the 1D Rectangle (MACD = 0.029, Highs/Lows = 0.0662, B/BP = 0.1221). Initiating a short, TP = 13.93664.

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EURNZD is trading sideways within a 1W Rectangle (STOCH = 51.408) having been rejected on 1D (STOCH = 47.437, CCI = 25.8950, Highs/Lows = 0.000) near the 1.7400 Resistance. We initiate a medium term short with TP = 1.67565.

InvestingScope

GBPTRY is possibly on a recurring pattern sequence as seen on the chart, on the broader spectrum of a 1W, 1M Channel Up (RSI > 65.523 on both, even overbought on 1M). Our strategy is to buy every dip within the 4H Rectangle (ADX = 18.434, ATR = 0.0717) in anticipation of the next Channel Up. TP = 6.6467.

InvestingScope

The TP = 372.20 has been hit and the 1D Channel Down (RSI = 37.956, Highs/Lows = -0.2679, B/BP = -1.4820) continues to deploy on a standard manner. Next TP = 337.20 which is the November 13, 2017 bottom and a very likely candidate for a rebound. If it breaks then 320.40 is next.

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AUDCHF has found support on the 1W support zone = 0.72414 - 0.72695 (Highs/Lows = 0) and is already rebounding on 1D (Highs/Lows = 0.0035, RSI = 54.336, B/BP = 0.0098). The targets are seen on the yellow rays with 0.75067 being the most suited.

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USDHKD hit both upside/ downside Targets as it continues to trade sideways within a 1D Rectangle (RSI = 56.376, MACD = 0, ADX = 22.206, ATR = 0.0029). We will continue to scalp (buy low, sell high) the 7.84225 - 7.84890 zone until it breaks convincingly. 1W Highs/Lows = 0 are in support of extending this sideways movement.

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EURSGD is in front of a crossroad as the 4H Channel Up (RSI = 55.679, Highs/Lows = 0), met the 1.59857 Resistance (early May) and was rejected, but hasn't broken the pattern yet. If it crosses 1.58909 then the bearish reversal is confirmed. If it crosses the 1.59857 Resistance, then the bullish continuation is confirmed. Patience in order to enter the best...

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Litecoin followed a moderate, low gradient descending path since the last update, trading near the 1D Channel Down (RSI = 34.986, MACD = -5.452, B/BP = -8.3660) Resistance getting eventually rejected on the Lower High mark (Highs/Lows = -1.5514). This is a bearish continuation indication on LTCUSD for the medium term and should form a new Channel Down on 1H...

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EOS is on a perfect compliance with the 1D Channel Down pattern (RSI = 35.351, MACD = -0.670, B/BP = -1.7887) as it made another Lower High Rejection (Highs/Lows = 000) and as seen has already resumed the downtrend. The price touched again the previous 7.4708 target and according to 4H (Highs/Lows = -0.9530), the potential for hitting the TP = 5.9782 in the next...

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TP = 1.1730 hit on Friday and EURUSD is complying 100% to the buying pressure applied by the projected bullish reversal pattern (black curve) on 1D (RSI = 54.819, Highs/Lows = 0.0048) and continue to rise within a smaller, more fixed and controlled 4H Channel Up (RSI = 62.173, MACD = 0.003, Highs/Lows = 0.005, B/BP = 0.0024). The current price (1.1740) is a...

InvestingScope

TP = 72.86 hit last week as the price completely complied to the projected bearish reversal pattern on 4H (blue curve), nearly hitting the second TP = 71.88 as well. The 72.14 low that was bought on Friday's late session was today sold at 74.23 under heavy 1H selling pressure, which has since normalized (RSI = 46.691) under the High Volatility (ATR = 0.0016)....