AUD/USD daily 4/3/13 breakline breakout(channel), confirms a Triangle continuation. MACD crossover Monthly level, Daily MACD bullish, RSI pattern brakeout. Weekly close , Important, above Channel(blue), confirmation. Notes : AB leg points to large triangle target, AB=CD harmonic, IHS. 75 sma cross 200 triangle base. (Low probability bearish Cypher). Targets...
PFG Inc. Ascending triangle breakout. MACD bullish. OBV strong ( measure of accumulation ) Retest of brakeout possible. S&P500 insurance industry group, has broken out from a 6 month ascending triangle. The sector vs the S&P500 looks to have bottomed. The sector has underperformed since the start of year, also maybe influenced by falling yields ( which recently...
AUD/NZD weekly Came across this chart today/Support, major 30 years at 1.04 - 1.05 Has tagged the 200 sma daily. www.rba.gov.au
Morgan Stanley Cyclical Index "The Morgan Stanley Cyclical Index (CYC) is an equal-dollar weighted index designed to measure the performance of economically sensitive industries within the U.S. economy and detect shifts in investor sentiment. The CYC Index comprises 30 stocks from over 25 industries, including automobiles, metals, papers, machinery, chemicals...
xauusd potential reaction key 18/2 breakline channel ( blue ). 21/5 breakline channel ( red ), from recent sell off. Triangle target reached, reaction may have started by breaking the downtrend channel,risen above 10 sma, MACD divergence. resistance at 20, 50 sma, 50% and 0.618% levels. An observation regarding the March sell off from 1391, how the retracement...
USDCHF wedge brakeout into a smooth ascending channel, boxed between 150 sma and 200 sma. Trend is up within the channel, targeting 0.91523, potential 0.92448. Scenario : Braking out of the channel, to the upside, may result in an impulse swing targeting 1/14' 0.91523 high. breaking down, support may be found at the recent low at 0.88954 and at the 75 sma and...
BITCOIN/USD Confluence of resistance above, rejected and reversed. Several channels, 200 sma, downtrend line. Blue channel may be key. June looks like a neutral to bearish month. targets 591 , 565(50% retracement) , 540 channel 100 sma breaking below the channel, exposes 424, 379, 338
Bitcoin/Euro view Because a true bull market must be seen in all currencies, on 27/3/14 lost its 2013 uptrend line, its trying to regain it after breaking out of the large (top) triangle, hitting resistance at 500, and correcting to 50% and 0.618 retracemenet.. under its 200 sma, holding its 20/5 uptrend line, and directional line. Failure to rise above,...
USDZAR weekly 6 month falling Wedge brakeout ( blue ) . above 50 sma daily, support (broke above 50 sma daily) 2011 uptrendline support. targets : 10.667 10.9739 ( 8/4/14 ) 11.383
S&P 500 Index, 'Subway Tube' daily, possible scenario. The Index is confined within the 17/5/2013 Channel(blue). Until it breaks out from this Channel, the trend is your friend, and/or self-similar pattern is your friend in this case, as with the previous wedge like formation breakout, similarly a brakeout could target 1990-2000 on this run, and possibly...
Nikkei 225 Index Daily The Nikkei has lagged behind the other major indices, from its 3/1/14 high at 16300 and has consolidated for 6 months. Continued to underperform on the back of the sideways trading USDJPY. Its recent action is encouraging, breaking out of the 2.5 months Wedge, clearing the 100 and 200 sma, and downtrend line, it targets 15163, 15410...
10 Year Treasury Yield Elliot Wave abc correction from potential subwave, hit support at 2.39, with strong reaction on horizontal and diagonal support, 200 sma, and close to 50% retracement(2.32). A break of 3/2/2014 low at 2.57, 30/12 downtrend line, would open the door for the continuation of the longer term(2012) trend, targeting 3.0(30/12 high) and 3.5 -...
GDX Gold Miners ETF IHS, oversold, cheap valuations, potential Gold rebound. rising inflation expectations. nice short covering into monthly close. Target 31.29
XAU/USD daily Respected break-line channel, 2001 uptrend line for monthly May close, oversold, recovered nicely, June early seasonal and cyclical low take 3 ( 26 week cycle ) may be in, or pretty close(V shaped).. Scaling... target : 1390
DBA Agriculture ETF On 3/3/14 it broke out from the 25/2/2008 downtrend line channel (blue). On the recent correction, it rejected nicely the 20 sma, above the line(circle). The recent rise, may be attributed to a somewhat rising inflation expectations since Jan14', and a general bear market commodities rally ( also late cyclical sector ), which could be...
Breakout from 2011 triangle, MACD and OBV breakout. Cleared 200 sma, 31/12/12 downtrend line. Targets : 43.90, 45,32, 48.56 Stop : 41.74
2013 Wedge breakout, MACD ( weekly turning short ) cleared 100 sma and 200 sma. With potential ECB action on lowering interest rates(negative), long term refinancing operations and relative US growth > EU, plus the recent Eurosceptics election outcome. Targets : 1.3475 3/2/14 low. ( CRITICAL Support 2012 uptrend line(red), horizontal confluence - time 27/6...