Marto_Jekko

Marto_Jekko Updated 

From the point I see it the pair bounced from 0.618 and now if penetrates 18Ma we might see downward movement to 1.08, respectively 1.06 and 1.04 as final destination.

Marto_Jekko

Looks like we might see the confirmation on 100MA on weekly chart which aligns with YPP which is $15.67 area. If YPP sustain it we might expect another run to break the 400MA above $19.00 area. Please consider your own research before entering the position.

Marto_Jekko Updated 

Copper might go lower due because it looks like its forming pennant. However, the pennant could be penetrated from the top and go further up. I have bearish sentiment on this metal since it is one of the indicators global economy is going down and in the last year copper lost around 4% of its value.

Marto_Jekko

You might noticed that these shooting stars appeared on the weekly charts of the EURSEK chart and they might signaling trend reversal. I doubt really this would happen since the stars are green, and the fact that Sweden economy posts bad results every week. However, if you wish to try the time to short it is near when close under 18 MA and please consider stop...

Marto_Jekko

Usually, I prefer simplest charts but oil is pretty complicated to be simplified. As you could see there are few confirmations of 0.5 and 0.61 fib levels and in the recent period we had this confirmation at around $71/b then significant drop to $40/b level. The uptrend channel is confirmed three times and now I believe we could see $45/b again and then if...

Marto_Jekko

This could be really bad news for the silver bugs(me included) but P&F chart shows continuation of the trend which might exceed 100. I more tend to be bullish on the gold rather than silver at this stage due to some accumulation from the central banks, but gold reaching 2000 means silver stays around 20 for long period of time. If you notice 2007 when the...

Marto_Jekko

I don't suggest anyone to short this pair, since krona is really in bad shape. But it will be good to see confirmation from previous cycles on 0.5 fibonaci level. I am expecting the same to happen and we could experience 8.86 area one more time. Other good support for this statement is that everyone expect FED to cut this month and Riksbank to remain on -0.25...

Marto_Jekko

Just to mention that usually the ascending triangle rule is to take profits the same size as the wider part of the triangle. We had $1046 lower and $1400 higher in the wider part. Conservative approach will take profits on $1700 and more open approach is $1800.

Marto_Jekko

After eight years of uptrend we might see another dip in this pair. Please be aware that Fib .618 is not confirmed at this one and in order to be confirmed has to go to 1.054xx area and start the decline. It might never confirm considering the latest developments on the market and this could potential result in rapid downtrend. If the uptrend continue to 1.054xx...

Marto_Jekko

I published an idea earlier this month which was showing massive drop in this pair. Still believe this is developing due to the fact we have this symmetrical triangle due to the fact the price bounced 3 times from the top and now is time to touch the bottom line at 0.72628 and penetrate down. I still believe we might see 0.62-0.61 levels but it is uncharted...

Marto_Jekko

Today $EURCHF might have to fight for breaking very important pivot level of monthly fib pivot to go up. If breaks which I assume it will it might be trend reversal. If not it can break down the channel and continue the downtrend.

Marto_Jekko Updated 

We could observe pretty significant jump in EURNZD after retracting from 0.5 fib on daily chart. Note the level from Oct. 2018 which matches with 1.618

Marto_Jekko

This is not technical analysis but its more likely related with the CoT report which shows potential short on commercials and long on speculators. The reason I believe we will have uptrend: 1. CoT commercials are short as they used to be back in August 2010. 2. There are significant floods in US which devastated the crops. 3. It already broke the descending...

Marto_Jekko

I am still short on this one due to : 1. Looks like gold is rising and CHF is related to gold strength. 2. Global economy is continuing its downturn. 3. It is highly likely this to be kicked down from the R1 level on the monthly pivot Please this is not investment advise. Use your research and always use SL or Hedge

Marto_Jekko Updated 

Seems more likely as an upward move but considering the tensions in Mid East, one never knows.

Marto_Jekko

The pivot is yearly and below it we might expect to test the resistance of 0.72~ breaking below might unleash the potential of CHF and descend to S3 area.

Marto_Jekko

Silver could rally to R3 level of $20 pretty easily if breaks the yearly pivot of 15.65 - 15.70 and stays above the channel. Please be aware that silver market is heavily influenced by the big trading companies for various reasons and be very cautious with trading size and exit strategy(hedging, SL etc.)

Marto_Jekko

Considering the state of Sweden economy, the negligence of Riksbank and still strong dollar besides the market over reaction on FED notes, I believe this pair will hit 10 very soon. Technical says this channel could continue much higher: Touch channel bottom and volume seems to be on a rise.