XAUUSD ANALYSISGold has been tanking over the last several weeks, we are waiting to long once it reaches our zone.
Heights
SPX AnalysisPrice has come into our Long zone, we will be waiting for confirmation before going long.
NAS100 ForecastSo our short was stopped however we still have a long zone below which we is on our radar.
If price breaks into the empty space below and starts to reverse we have 2 short zones highlighted in red we expect price to reject off to continue down into our long zone to then make way to our 🧲 zone.
At this moment in time we remain flexible in our analysis. If our long zone does not hold we re analyse again!
NAS100 ForecastWe are long on NAS and we expect price to reverse here and make ways towards our target!
BTC ForecastPrice invalidated our short zone with a breakout but has now broken back down. We are still expecting the following to happen, just waiting for the market to play out.
XRP FORECASTOccasionally we will post some crypto analysis if there is a lot of interest in the currency.
XRP is a very popular one so we decided to analyse it. Most cryptos are now reversing from a long term down trend.
XRP is no different, we don't tend to short crypto but use these points as targets to take profit from our longs as you can see by the potential short zones.
This is what we see for XRP long term if we continue bullish order flow.
$1.28 and $1.70 are our target zones!
ETHEREUM FORECASTEthereum respected our long zone and now is tapping our short zone. We don't usually tend to short Cryptocurrency but we like to be aware of where price can potentially reverse and take profits from our longs.
This is our analysis.
BTC ForecastThis is our forecast for BTC/USD we believe it may come back into our long zone once more before really taking off. If our short zone fails then we would expect price to drop to $18,500 lowest before rallying again.
US OIL Short ForecastWe are bearish on oil as price has broken bullish structure.
We are looking for short term intraday opportunities down to our long zone before switching bias bullish again.
However if we break above our short zone then our bearish bias is void.
GBP/USD Short ForecastAs we have been in a long term down trend for the last couple months we are long term bearish on OANDA:GBPUSD . Expecting price to drop to our magnet zone.
Price already respected out Short Zone however we anticipate a second test deeper into our zone before dropping with momentum. If not we will look to take intraday trades down into our long zone which we do not expect to hold however, we expect price to react briefly off, before later breaking it to form new lows. We will also lookout for new short zones that may form in the mean time.
EUR/USD ForecastingAs we have been in a long term down trend for the last couple months we are long term bearish on EURUSD . Expecting price to drop to our magnet zone.
It seems price is retracing so we are short term bullish until price reaches short zone 1 where we will be looking to short. If price does not respect zone 1 then we will look to short from zone 2.
However we are also weary price may continue dropping from here and create new lows. We will look to see how this week ends. EU price has been choppy for the past several weeks so we are on standby until we get a clear indication of price respecting our zones.
USD/JPY ForecastOANDA:USDJPY has been trending up for a while.
However, right now it is retracing. We have 2 long zones. We expect our first zone to hold however if it doesn't we will look for intraday short opportunities to take to our second long zone and hold to our magnet zone.
Medic, quickly!If this one bar doesn't stop the drop,
gonna go to sleep.
Because it will be either the bulls from now on
(It's the last chance for bullish run)
or
the bears will drop to 6999(IMHO - possible, but unprobable) or less.
I personally believe in this soldier
and so should you(was watching closely 7200 all day - I'm telling ya - it's a TOUGH NUT, the bulls are with guns patroling 7200. The bears must panic in agony)!
