We could rally again tomorrow, however the 4hr chart shows a bullish pendant forming. Might be a sign of consolidation then a breakout... TVC:SILVER
Despite a strong CPI Report, we see a nice recovery on Silver today along with Gold futures. We recovered slightly, consolidated into a bullish pendant and broke out for today's gains. Long term, I still see silver and gold as alternative currencies along with bitcoin. Current trend is riding tightly over the 13EMA and crossed the 20/50 SMA
I held figuring it was going to hold a bullish trend, however I realized the strong correction the next trading day. As I analyze the chart, I can see that we're testing the 20MA on the daily chart and we're still remaining bullish on the 50 day MA. Looking at the interest in alternative currencies, I feel we can remain bullish after the correction. When I look at...
If you look on the weekly chart, it shows the common trend as bearish. We're in a consolidation period, looking for a new trend setup.
GBPUSD Remains bullish along common support and resistance areas in the bullish channel. Nicely above the 13ema, will watch closely for any trend reversals.
EURUSD Remains bullish on the larger timeframes. Riding nicely along a bullish support area breaking out of the 13ema. If this followa the common trend it could break out of the long term resistance channel on the bearish area.
LTCUSD picking up momentum nicely on the daily chart. Above 13ema, developing a bullish channel.
BTCUSD Continues to be bullish. Nicely above the 13ema, forming a nice bullish channel, might be breaking out previous highs around the end of the week into Monday.
Massive breakout on the ETHUSD pair. Waiting for a bullish channel to develop. Above 13ema, be careful of a large correction, buy around the big dip closest to the ema.
Trend continues to be bullish across the 13ema with a projected bullish channel.
CSCO Looking for a continuation of the bullish trend. Broke out of resistance at 34.73. Indication of a bullish trend, above the 13 ema.
GOOG Testing previous support area around 1039.75. Could go bearish according to news about Google's raking controversy with Russia.
USDCHF Testing resistance around 0.9791. If this bounces off support consider this a swing. If this breaks down resistance, consider this play bearish.
USDJPY Testing support around 111.169. If support breaks down consider bearish if a bounce consider consolidation until a test of resistance around 112.886.
Be careful with the cryptos. I experienced a bad crash over 160 points so be careful with the cryptos.
Strong resistance at 169.86. looking for a high volume breakout to continue the uptrend for a strong rally.
Resistance at 1.3337. Looking for a strong breakout to create a new bullish trend.
Dash cryptocurrency retested around 604.727. Looking for a continuation of a bullish trend with a resistance area at 649.465