Hey guys, With a break below the low of the 78.60% extension it can test the 100% fibonacci extension pretty soon. I will buy it when it goes to the 100%. With a stop loss below the 161.80% extension. If it moves straight away from here i wont buy it anymore. Hope that helps. Only risk 0.5% from your account otherwise you will get a margin call very soon. Cheers
Hello Traders, BTC/USD has seen in the recent time a significant rally since it is trading at the stock exchange. BTC/USD is currently near at the psychological level of 2000. Which is quite impressive. Now, what can we expect? First of all, we wouldnt recommend trading the BTC/USD at its current stages, as it is way too overbought. Our bias is still bullish,...
So, the eurusd is making a higher high and higher low sequence in the short-term. Structure wise we expect the market to test the 1.1150 levels before the weekly downtrend could resume. If the market breaks below 1.07775 we wouldn’t be looking for more upside anymore. The reason for that are intermarket relations, structure and correlations reasons. We don’t want...
The TNX is currently correcting the 93.43% up move in the mid of 2016. To make long story short, we want to buy tnx at around 1.99% IF it can manage to break the current low at around 2.17%. Consequently, with a break of the low of 2.17% and TNX reaching 1.99% we believe that the correction in the indices or not over yet. So in case of a leg lower in TNX we...
Hello Traders, We hope you have been a nice weekend. In this outlook, we will be going to have look at the DXY. (Dollar Index) As the DXY recently broke to new lows. It confirmed a lower low sequence. To make the long story short. The dollar index needs at least one last push to the downside at around 97.76. From there it could finally start its new daily up...
Hey guys, a short update on the U.S. equity side. We expect the Dow Jones to resume its correction from around current prices. As we think the correction in U.S. Equities is not over yet. With a break above 21100, it would cancel or view for the short term that we could see more correction to the downside. Let's see! Intermarket indications are not suggesting...
Hey guys, We expect the market to make one leg lower to around 2.445, BUT only when the market stays below the high 2.70. When this level breaks we will be looking at a move higher to around at 2.776. Our intermarket indication supports our idea of facing south. Critical zone will be the lower range of 2.58! Around 2.444 will be a good buying chance IF market...
Hey Guys, Hope everybody is going fine. We have here a short daily outlook of the Asian index. We are expecting Nikkei to drop to around 18368.02. From there we will expect higher Nikkei to eventually break above all time high and higher. As we are expecting U.S. equities to drop at least one leg lower. We wouldn't like buying nikkei as of for right now. Asian...
Hey guys, hope everybody is fine. First of all, we want to apologize for not being active for the last couple of weeks, as we are currently updating our website. But we will start from today updating all charts. :-) Okay, so let's start with a possible long trade in Gold. As you might know gold and silver are in an intact long trend and we are expecting gold to...
Hey guys, we gonna try buying NZDUSD for a long term trade to the upside. Entry will be at around 0.67565 and Stop below 0.62790. Out of our Intermarket research and analysis, we will be looking at higher commodity currencies across the board. So buying it as a daily trade would be a good idea! Why we think that NZDUSD will go higher is only avaible for our...
Hey Guys, we are expecting a long move as a correction, to the upside. We wouldn't take any short positions for now as the market could be in a wedge formation which could eventually break to the upside to start a correction to the upside. So be careful with short positions as of for right now. Trade with care and always use a stop loss while trading and never...
Hey guys, The usdjpy broke the low of around 111.476 to the downside. We still expect the USDJPY to fall to around 107.456. From there we are expecting a new impulse to the upside. Please bare in mind that the market can still make a correction in lower timeframes before reaching the level of around 107.456. Anyhow, we are still short the USDJPY either way....
Hey guys, We expect the market to make one leg lower to around 1.2350, BUT only when the market stays below the high 1.25601. When this level breaks we will be looking at a move higher to around at 1.2700. Lets see! Hope that helps. Cheers
Hello Traders, today we have the EUR/CAD short trade. The EUR/CAD is in a daily chart in an intact downtrend with lower highs and lower lows. After the market broke the rising trendline to the downside it will likely continue its way to the down. With that said, if the market can manage to correct further, we will sell the market at around 1.43749 with a stop...
Hey guys, EUR/USD in an intact short trend and it seems so that the EURUSD will continue its daily downtrend, but for the 1-hour view, we are expecting a correction to around 1.0780 before the next leg lower. Short-term traders could buy the market in a more shorter term time frame. BUT bare in mind that the overall trend is short and we don't know exactly when...
Hello Traders, Today we want to share with you the FX:AUDJPY as it broke significant trend line on daily close and shows outflow of capital. Technically the market broke significantly support and currently it seems that this pair is heading south. First target is around 85.35. Our inter market indication showing also a tick to the downside as they currently...
Hello Traders, today we would like to share with you the AUDCAD as it seems that it may push lower. As market hit for the third time our reaction point at 1.03, is bounced back and is making in lower timeframes a potential S-H-S formation. This may be first clues that a lower extend to the downside is possible. Looking at our intermarket indications, which...
Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower...