JonasBenjaminFriedrich

JonasBenjaminFriedrich

Gold could still reach its target like analyzed before as long as it stays above point of invalidation. There is a good risk to reward ratio at the moment for this trade setup.

JonasBenjaminFriedrich

There is currently a short opportunity in this forex pair. This setup stays intact as long as the market stays below the invalidation point and there are to targets (red boxes) to the downside.

JonasBenjaminFriedrich

EUR/USD is in uptrend again however incase we will see a pullback from current levels, there should be a nice long opportunity to resume trend in the blue area. Target longer-term is the red area.

JonasBenjaminFriedrich

There is a possible long swing in Gold as I am still expecting a 3-wave move up before the downside resumes. However since on the 4H time frame we look red I would still wait with a entry here until we have more confirmation in the price action 1H.

JonasBenjaminFriedrich

Potential long swing opportunity at current levels. Target on the upside ist the red box. This setup is intact as long as the pair doesnt fall under the 76.4% retracement.

JonasBenjaminFriedrich

The German Market Index could see a ABC correction soon, as suggested by the 200 Period Bollinger Bands on the Daily and the RSI. However talking a look at the current trend channel we could see just another final pull up to the 13400-13600 level before correcting. As long as current levels hold above 13100 the long direction should still be prefered with one...

JonasBenjaminFriedrich

Looking at the sub-counts it looks like we will see are bigger WXY structure and therefore another pull to the downside. If this plays out target would be the red box this area would then also be interesting for a long swing position.

JonasBenjaminFriedrich

EUR/USD has undergone a bigger WXY correction (in blue). This correction could come to an end and play out as a regular flat, therefore the pair could get interesting again at current levels for a long position. I am still expecting the red box to be reached as the target in the longer run as analyzed sometimes before.

JonasBenjaminFriedrich

S&P500 reaches a new ATH. However ISM/PMI Data out of the US speak a different language. After we have already witnessed a global slowing and contracting of the economy with many countries having PMIs under the 50 level for quite some time now, the US has now followed this trend that has been going on for over a year. PMIs again came in lower today and under the...

JonasBenjaminFriedrich

EUR/USD made a ABC correction which turned a little bit bigger than previously thought however setup ist still in tact like analyzed before and ABC correction with looks like to playing out as bullflag could now be finished with the bigger direction resuming.

JonasBenjaminFriedrich

EUR/USD is going on track so far as shown before. Goals on the upsides are in tact. The FED lowered interest rates yesterday this gave EUR/USD another push up. Currently we are seeing a little consolidation on 15min time frame which could resolve to the upside from here since the bigger picture analysis is working out well so far.

JonasBenjaminFriedrich

The Fed lowered interest Rates and risk on appetite continues to grow as seen with AUD/JPY moving to the upside. Target is still on track, once this target has been reached risk off sentiment could return to the markets.

JonasBenjaminFriedrich

EUR/USD could resume uptrend from current levels. Like analyzed before I am expecting that the pair will reach higher levels over time.

JonasBenjaminFriedrich

Bitcoin finally reaches target Zone like predict some time ago. This Market should now be watch carefully since I am expecting a bigger decision point in the area of 7-6K. Should we go under 6K for a while I am expecting the hype in bitcoin to be over (big picture bearish scenario). Should however the 6K level hold we could see the beginning of a new rally point...

JonasBenjaminFriedrich

As antitrust concerns grow, Facebook could potentiale make a bigger correction at this point. This setup is still highly speculative and too early to get involved in, however as long as we don't see any new highs it could be in play. At the moment a trigger point is still missing, looking at the daily chart this trigger could happen as a potential head and...

JonasBenjaminFriedrich

As long as USD/JPY stays under the 61.8% as marked on the chart in red, a risk off sentiment could develop in the markets, meaning weaker stocks and stronger safe haven currencies and commodities. This setup becomes invalidated if the pair moves over the 61.8% in which case this market would likely be range bound.

JonasBenjaminFriedrich

GBP/USD has finished a 3-wave ABC move to the upside like analyzed prior (blue target). The pair could now be watched for reversals. However due to the news this pair has become very volatile so at the moment I would just watch from the sideline. It is possible that we get an overshooting in which case the pair could reach the second target (pink). Eitherway the...

JonasBenjaminFriedrich

The Brexit Deal has given the German Index another push up out of a consolidative range opening further goals to the upside. However due to the fundamental bearish data I still asume that this push up is a bigger corrective structure which will eventually find its end. So for now its bullish but watch levels around the 13K mark.