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Decline

A new decline for Aud/UsdA new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED will not distort their monetary policies. At this time, however, investors and analysts are expecting a slight change from Powell. He should cut rates in the July meeting: the market has already discounted this news, causing a retracement of dollar against the other majors. For now we expect a maintenance of this level, with the dollar that should find the necessary strength to reach the main short-term supports against other currencies. Technically, on this pair the price should go back to testing the static support at 0.675. This before the monthly closing in June.
Short
by BFCMInvest
Month-End Continuation & MoreSame idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall trend aims downward still just with greater range for volatility. The broad chart shows areas of potential bounce from the long term trends set from the previous 10-20 years. Intruding beneath these points will violate extremely long term sets of support. 2 are depicted here from the 'line 1' and 'line 2'. I'm making a "why not" prediction as far as the timing with the green line I'd crudely drawn in our future. Seems as though that historically, the steeper climbs give steeper falls, and the more gradual inclines will mirror a gradual descent. We are in an era of just the opposite. Short periods of time with rapid ascent. So, I'd imagine just the same with the coming down from our highest high at nearly 27,000 pts for the DJI. Though I have no crystal ball, and I could be painfully wrong, this seems passable to me. Consumers still have the power to extend themselves for longer than we can predict, and the mere culture of my country can exhaust every bit of leverage capacity in ways not seen before. It very well could be that we climb out of these slows and right up past the highs to reclaim new territory and keep this sick machine turning for another half-decade, and I would be equally unsurprised, but I have no doubt that what we are doing now has incredible consequences.
DJ:DJIShort
by thehoplite
Tencent: short-term short, long-term longTencent: short-term short, long-term long Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war. Short term wise, RSI negative reversals are coming on by on. Currently the price may go down to 291, which is the 0.618 retracement level since December, 2016, a two year term fibonacci retracement. But the RSI reversal indicates that it may go even lower to 274. But long term speaking, AD Line is trending upwards even the price keep going lower since March 2018, for the past 5 months. That is to say, 274-291 could be a crucial range for us to predict what may happen next.
HKEX:700
by xiucat
6
Back to the bell curve and exponential growth: adoption cycle goThe sixth is here and I want to remind people first and foremost that BTC doesn't have to do anything that we predict it will do. As a matter of fact if manipulation is as strong as some people believe then it is most certainly not going to do what the overwhelming masses believe. Just as it's best to buy when there is blood on the streets, it's going to be best to buy when every one else is selling. So let's see how plausible it is from here to get to $25k and even $30k. I'm going to put this in real simple math terms to show what the average daily growth needs to be to meet these goals. We are at just over $7.5k so I think with the volatility still in the market swings of a couple hundred dollars are still very likely. I'm going to also estimate that we only have about 180 days left this year. $25,000-$7000 = $18000 The amount that we need to increase to get to the end goal of the shorter trend-line. 180 days left in the year means that on average we only need to gain $100 dollars per day. $18000/180 days = $100. Gains and losses can be found in the 15 minute and 5 minute charts every now and then so for the daily chart to reflect this is really really plausible. $35,000-$7000 = $28000 The amount that we need to increase to get to the end goal of the second over-all trend-line. The simple 180 days again puts us at a gain of $156 rounding to the nearest dollar. $28000/180 days = $155.56 average increase per day. Now with these simple numbers, apply them to the bell curve that I've presented in the past and think about adoption. Are people running from bitcoin as a whole or adopting it even more on the whole. Use cases are still few but improvements keep coming. Even as a store of value, it is still going to increase in use for a while and that adoption rate is not going to be linear. Hence the reason I used parabolic lines. As for the two beacon examples of BTC and block chain being adopted...Taiwan and Korea. There are also a plethora of countries in turmoil where BTC is being adopted as a way to not use native fiat currency. All of this outside of the normal developed nations trying to make this more usable. Now with this said, $7000-$4000 = $3000. This $3000/180days = $16.67 dollars of loss per day over the next few months to take us down to $4000. It is really easy to see that a BTC price of $4000 is entirely plausible if things were linear, but for an adoption cycle to be exponentially increasing we would have to be on the downside of the bell curve to get there easily, and we would have to also see an agreement of sell-off between a lot of parties otherwise. For us to reach $4000 at this moment which I do believe is possible but unlikely, there would be a sell off great enough to counter act the adoption process and the reason I'm not worried about that is because if it happens that spring is going to be compressed under so much pressure that the bull run afterwards will dwarf what we saw in 2017. I don't believe that it would happen right after the fall because a lot of people are going to lose trust in the system, but after it settles again there would be a massive buying frenzy.
COINBASE:BTCUSDLong
by whiprush3
EURUSD Counter-Rally to Upper Parallel Before next DeclineineEURUSD 30th May EUR has finally reached the month-long downside target at 1.1558 just in time for the end of the May. It actually exceeded the target by 45 pips before reversing higher and creating the first strong green candles of buying intent the market has seen for months now. But the counter rally is running out of momentum now whilst DXY holds above 94. Initial resistance for EUR lies here at the 1.1676 line and extends to the line above at 1.1731. This range, bounded by the two lines, is likely to prove insurmountable in the very near term - it will need DXY itself to break below 94 to break the upper parallel here - in which case the bears will retreat further here too and it should then rally 90 or so pips higher still to 1.1821 on more bear closing before falling away again. That looks to be best case scenario for EUR from here though. (At the same time DXY should then fall to test the 93.36-93.12 range and then bounce higher again.) So long as 94 holds up on DXY the Euro is likely to remain trapped within the medium term downtrend of April/May and likely to fall away from the upper parallel once more when challenged. But this time around the next sell off from the upper parallel of the larger impulse wave has a reasonable chance of creating a double bottom around the 1.1558-1.1540 range when it does fall away again - so any fresh shorts taken out around current levels need closing down again here. Any subsequent fall below 1.1535 will then be needed to trigger fresh shorts from here back to the 1.1318-1.1287 range.
Short
by sumastardon
2
The decline is continuedAfter reaching the mark of 10.000 we see a series of falling vertices. Later, our price went up to the mark of 8.000, and at the weekend it was adjusted from it to 8.500. Watching the further movement of the pair and considering the price levels, we assume that further price advancement will continue. Therefore, in case of consolidation under our current level, near which the price is, the pair will move on to the next level. The next levels for the price are near the marks 7.500 and 6.800, which are expected to move in case of overcoming the mark 8.000. Therefore, we recommend taking short positions. SL and TP should be set near the resistance levels.
BITFINEX:BTCUSDShort
by SuperForex
The decline is continuedAfter reaching the mark of 10.000 we see a series of falling vertices. Later, our price went up to the mark of 8.000, and at the weekend it was adjusted from it to 8.500. Watching the further movement of the pair and considering the price levels, we assume that further price advancement will continue. Therefore, in case of consolidation under our current level, near which the price is, the pair will move on to the next level. The next levels for the price are near the marks 7.500 and 6.800, which are expected to move in case of overcoming the mark 8.000. Therefore, we recommend taking short positions. SL and TP should be set near the resistance levels.
BITFINEX:BTCUSDShort
by SuperForex