Purvee

Purvee

The pound is actually on the very oversold area. Also, Fomc stated rate cut will come, GBPUSD will go up. If only the new prime minister from the UK say something positive things toward Brexit, the cable can start the strong move. Right now, it is hard to see the supporting yellow line or 1.25 area to break. From the technical side of view, the cable needs to...

Purvee Updated 

Due to the FOMC statement and geopolitical tensions, Gold is in a strong uptrend. But wherever there is a healthy trend there needs to be a pullback. I see the green area will resist gold price to pull back. I will wait for a decent pullback to enter long.

Purvee

Possible long movement. As long as BTC making higher high, it is possible to see strong movement on ripple.

Purvee

Strong trend mostly ends where the yellow and blue lines cross. Let's just see what happens.

Purvee

The dollar got resistance on 98 which is on the retracement of 61.8% from previous strong fall. And also the bearish wedge has just been broken. Just simple trade opportunity on USD pairs.

Purvee

The past month was super bearish. As looking at the past oil price is always take longer to climb up but it collapses in just a few days. With the production cut from OPEC, I highly doubt that we will see below $50 again. Simple Fibonacci retracement shows below $51.5 is a full 61.8% retracement from the bullish run that started in December. It is better to fill...

Purvee

Simple bullish triangle pattern, and it is reasonable to enter at the end of the E wave or catch it at the breakout from the triangle.

Purvee

After the strong impulsive trend started in November of last year, Gold is currently in correction mode. If the metal makes fully WXYXZ correction, we should be expecting one more strong correction wave to finish the Z wave. Not anticipating strong up movement until the resistance line broke. In lower time frame, gold is in range play and it is better to wait for...

Purvee

Bitcoin long term analysis. You can see my whole setup from the all time high. It might be too chaotic and messy to see, sorry for that. But if you know Elliot wave count, I do not think there will be a problem. After the all time high I suppose WXYXZ full correction happened. Before finishing the Z wave $6100 area was holding the price very long time, but when...

Purvee Updated 

Gold is currently on triangle correction that is preparing for upside strong trend. As elliot wave theory it should be ending the E wave of triangle, and next big move will come. B wave is finished on exactly 61.8% of A wave and D wave is also retraced exactly 61.8% of C wave. Remember that it is hard to anticipate where would E wave ends, also it is long-term...

Purvee

Crude Oil price is right now at the most important resistance. It is strong resistance line Jan. If it break through the resistance Oil price could spike up to much higher price, but if the resistance holds we can expect another correction move.

Purvee

Price has broken the trend line and we saw a huge dump yesterday. Also, price pivoted on 1323 area ,which was .618 of the first corrective move. Gold is forming a corrective triangle formation and preparing for the big move. Best price area to enter would be 1384 and 1278 for long.

Purvee

Bulls are still strong. XAUUSD. Price of Gold would reach 1358 area unless the trendline break.

Purvee

Oil price is in strong bullish trend . Right now it is in a minor correction but as price continue to trend oil price could possible check the resistance line on $60.65 area.

Purvee

Crude Oil is reversing on strong support zone between 55.85 and 55.68. If oil price break that price strong downtrend can be expected. If it holds we can test the strong resistance zone between 57.45 and NOV16 resistance.

Purvee

Possible buy idea on cable. BREXIT will effect this trade much so better just watch.

Purvee

Bearish RSI divergence and strong resistance line signaling the oil price to go down. It is relatively risky trade because of the going against the strong up trend.

Purvee

As far as EURUSD is in down trend, it is better to enter at golden pocket zone of fibo.