Bitcoin has various fundamental tailwinds driving price including the two notable ones, ETF flows and halving expected H2.
Looking at the two previous breaks above an all time high (ATH) we can expect a period of 6+ months of price increases if a break is sustained above $70k with prices expected to at least double.
Target price for Bitcoin: $150k. Profits to...
Support breached. Buy set-up approaching at $17k for Dow. 50% retracement of 12 year bull run.
Economic fundamentals strong. Coronovirus forgotten in a year.
Time for a bounce in GBPUSD. With a good risk-reward ratio this a good opportunity for those looking to limit risk.
GBP oversold, and USD overbought. Risk appetite to improve. These factors should culminate in a rise for the currency pair.
Hang seng has been sold in line with Chinese equity markets and global equities markets due to trade tensions with US. As these start to subside, and market awakens to the fact that both countries look for win-win agreement equity markets should rally in the near term. Larger moves can be made if key technical levels are broken as highlighted in the chart.
Good...
Bullish formation (Coil, breakout, above flash crash levels).
Post US election, GBP has seen steady gains against the USD which has itself rallied against major currencies (EUR, JPY, AUD, CAD).
UK Brexit looking less and less of a concern for investors as economic indicators are consistently beating expectations. Dire consequences have been priced in which are...
Next 1-2 days
Yen is range bound and near the top of its range. Sentiment has soured with poor start to earnings, with rate hikes and uncertainty over US president to add to market jitters.
JPY set to appreciate as a risk off/safe haven play, whilst good news (Kuroda comments about further easing) already digested in the price.
2:1 risk payoff
The 0.786 level holding as nice resistance from the 'flash' crash seen on the 7th Oct.
With such a big move there is likely to be a following test of support before a meaningful retracement to the upside, or a further break to the downside. It's not currently possible to determine which way prices will go, but it is highly likely the initial move down to support...
Gold tested and rebounded from the 200 DMA which has proved to be good support in previous market bull runs (2009-2011).
The current pull back was on the back of a strengthening of the US$ and renewed focus on US rate rise. This is likely to unwind next week after a less than blockbuster US NFP. QE tapering from EU was also a false statement.
Clear case where...
Looking to follow the current momentum in this asset class by buying with a target of at least $2200 (short term), $2400 by year end. The 100 DMA has acted as support in the bull run lasting from 2013-2015 however was interrupted with market scares during 2015-2016 (China Yuan devaluation, China slowdown, Oil price shock, prospective US rate rises, Brexit,...
AUDUSD has been coiling since the start of the year. Energy has built up within the price, with a breakout on either side likely causing a large consecutive move.
I favour the upside (due to fundamentals) but remain neutral until the price tells me different.
The Oil market is in at a key pricing level whereby a ceiling has been put in place since Aug 2015.
The $54 level has been tested 4 times, and failed on each occasion with a notable retracement seen on each occasion.
If a break above this price ceiling is made, a buy order should be initiated with a target of $60.
Only sell if fundamental news comes out...
Double bottom set, with large amount of bids and volume with the recent yearly low made post Brexit.
More monetary easing expected from Japan, with Europe and Britain to follow suit in the coming months.
Target: 17,500 over the next 2 Quarters
Large oversupply of 1.5 million barrels a day expected to continue until end of 2017. Brexit, and EU prospects look to set a gloomy global sentiment with China set to take centre stage in the next few months.
Equity markets across the globe are rallying to all time highs while the Hang Seng was left behind to play 'catch up'.
The bullish catalyst being the Chinese stock connect program connecting Hong Kong -> Shanghai started an initial rally in early April sending the index up 16% in just over a week. This has broken the index out of its 6 year channel and has...
Looking to short based on fundamentals for a while but waiting for the technicals to line up. After breaking the rising wedge pattern and dropping below the 0.236 Fib I see prices heading towards 54.72. This is a level of support from the February and April rally at 54.72 which is my price target.
