buyem_nl

buyem_nl Updated 

Although the Precious Metals Miners are a bit of a mixed bag, there are a couple of interesting stocks for an aggressive long setup. One of the opportunities is New Gold (NGD).  Strong bullish divergence in combination with sector outperformance (near-term) suggests a fierce recovery move is getting under way. A bounce well into the CLoud resistance is the least...

buyem_nl Updated 

No comments needed, I suppose.... Almost too symmetrical and too good... All USD-shorts supported by other main USD crossed so go for it!

buyem_nl Updated 

The recent recovery is classified as a counter trend move. Now that this recovery has reached the 38.2% retracement as well as the MA200 (not shown) from the down side, I expect the setting of a new lower peak on the medium to longer term charts. After some consolidation pressure should mount again leading to a resumption of the primary down trend. Focus remains...

buyem_nl Updated 

The outlook remains very bearish. Despite the recovery of the last weeks the market has failed to challenge the old highs while indicators remain lack lustre at best. Now that the near term outlook is generating a renewed sell-signal (double top, see inset in chart below), we are very confident the market is seeking significantly lower levels over the coming...

buyem_nl Updated 

Back to the low 170's? Seems reasonable. Poor sector performance, nice H&S pattern. We're going for it...

buyem_nl Updated 

A large reversal pattern (H&S shaped) has been completed with the recent break below ~12000 (cloud and internal trend line) and a full swing down trend is in progress. Focus is on 10150 (minor) and 9965 (first major projection). Below that 9475 and even 8465 come into play on a 12+ month horizon. On the upside, prices should not rally above 12050 for the...

buyem_nl Updated 

The major weakness is part of a first down leg on the weekly chart. Support comes in around 1455 (lower part of the cloud) and 1445 (38.2% retracement). Setting a minor and intermediate base in this area is probable before the corrective phase continues. So even though a minor bounce and/or consolidation can be expected once reached, we strongly advise against any...

buyem_nl Updated 

Seeing a lot of similar charts, regardless of sector (except mining and telecom). We remain bearish on a broad front (Europe, Asia, US).

buyem_nl Updated 

With some divergence visible after hitting the support zone 0.6390, some sort of recovery is expected. A bounce back to 0.6750 and 0.6870 is probable. Whether such a move is enough to reverse the long-term down trend remains to be seen. Exit-short and monitor developments. For those seeking NZD long-exposure, we suggest looking at NZD/JPY. Developments there are...

buyem_nl Updated 

Note: the leading four zero's are omitted in the text for clarity. Example: 0.00002550 is quoted as 2550. Recent movements are classified as a consolidation phase within the longer term down trend. In other words, ADA is underperforming BTC on a significant scale. Focus remains on the target around 955 as long as the main resistance area around 1440 hovers above...

buyem_nl Updated 

Former support at 15.50 has failed to hold the market. The long-term down trend once again resumes with a new price target of roughly 12.85. Below that there is a fuzzy extension level around 10.35 but reliability is limited (at this point). Regardless, down side potential is good enough for some trading short-entries with stops above 17.50<>17.55. For a true...

buyem_nl Updated 

A strong recovery move is getting under way after today’s trend breach and recent bullish divergence. A rally towards minimally 0.9980 is expected. With stops below 0.9740 this pair offers excellent opportunities for the near term and potentially the medium term as well. The current recovery is probably the first leg in a much larger and longer term trend...

buyem_nl

The outlook remains very fragile as is the case with most major cryptocurrencies. Moreover, relative performance versus BTC is even highly bearish. This alone makes ETH ill suited for any for of long-exposure. ETH/USD is engaged in an holding pattern within the longer term down trend. This remains the case as long as minimally 266.10 and 288 remain unbroken as...

buyem_nl

Without a doubt the recent moves have been nasty and caught many people off guard. For a new/future/potential currency the liquidity available remains an issue, so such moves will be something that traders have to cope with. If you can't stand the heat, stay away from the fire (as we do in the case of crypto's). From a technical viewpoint the false breakout is...

buyem_nl

After several weeks of consolidation - at relatively crucial levels - the market fails to show any bullish conviction. So rather than follow through on quite bullish and favourable  ingredients, the market didn't even attempt a breakout rally. This is a sign of underlying weakness or (minimally) lack of conviction. We remove the bullish bias and return to...

buyem_nl

The drawn out correction of the past three years is coming to an end, thus resuming the multi-year uptrend (since 2005). Prepare for significantly higher levels once the trigger at 13.85 is taken out convincingly. We expect a move towards minimally 14.52 and probably 16.77 on a 9-12 month horizon. Near term trend: neutral Long term trend: positive Outlook:...

buyem_nl

The modest recovery since early June has left a new lower peak below the 38.2% retracement. The underlying down trend is thus still intact and our focus is to the down side. Dipping below the trigger at 1.1525 should speed up bearish dynamics quite a bit. Our focus is on minimally 1.1400 and roughly 1.1220 thereafter (secondary projection level, less reliable). ...

buyem_nl

Our scenario of early June has been completed: the old pivots lows around 6450 have been hit. Things have once again become much more difficult now that the major move on the 420-minute chart has been completed. A short period of ‘shuffling’ is likely before a major move is once again undertaken. Some consolidation (couple of hours up to perhaps a few days max) is...