AUDUSD The Bias Of The Day[i ]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete.
So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do the same for now, so audusd looks pritty good .
ps( I personally will look for a buy but i need to see some consolidation and some divergence to be more sure.)
(If you like my ideas please remember to like and perhaps follow, thanks, good day to you all !)
Of
The Dark Side Of The BitcoinHope you get the reference : D
Blue & Red trendlines are linear regressions of lows/highs starting from 2015 up to now
red: 1 & 1.618 standard deviations
blue: 0.618 & 1 standard deviations
Dashed lines are the just representing the midlines in between to figure out
the exact crossover at the end of the triangle which seems to be right around end of 2015.
While it looks like a rising wedge rightnow, after more price action it might form into an ascending triangle.
0.764 time fib is a potential candidate for pattern breakouts in general.
Make sure you listen to good music while watching this chart: www.youtube.com
Cheerz : ]
EURUSD The Bias Of The DayEURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising.
There are no reasons, cut in stone, for my bias, but some of the core ones are :
1. eurusd pullback still has momentum and it seems like eurusds downside pressure is low at the moment.
2. The fed has become more dovish (recently).
3. US still has mixed economic data that in my opinion will be a negative factor for the dollar and will disallow it to continue its strong downtrend in the short term. (I'm not makeing any predictions about the pair. What I am doing at the moment is managing eurusd.)
4. If the eurusd rallies traders will look more positively on buying the s&p 500, that may be a reason for the FED to allow the usd to depreciate a bit till s&p 500 and others again make traction..
5. And technically it makes sens at the moment there is a clear trend and a clear resistance later. If the price breaks the recent highs (resistance) at approx 1.010** ikt would open to itself a lot more of the upside.
*. Sellers are likely to short at 1.010** and for that reason for small to medium cap traders it won't be a good place to go long as their selling is likely to push the price lower first and later I think it will go up but no bias for that for now so we'll see.
AUDUSD The Bias Of The Next 24hAUDUSD Bias
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd isn't falling while audusd is rising.
The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend.
Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
Long-Term Decision PointI'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a bearish divergence would be produced and it might be some time before the price attempts to break this trendline again. On the other hand, if the bullish scenario happens, we could see some seriously bull action in the medium to long-term.
BIOC Cancer Diagnostics Eliminates Biopsies with Blood TestBlood diagnostic OncoCEE-BR was used by Columbia University College of Physicians and Surgeons in New York City to aid cancer patients' diagnosis. Involved biopsies are no longer required, cancer can be detected with a simple blood test. The chart has strong bullish divergence, has just made a breakout with an initial target around 4 dollars.
Cover Your Shorts, Exit Strategy and Reversal of Trade If you have been short EUR/USD or buying FXE puts, for this last move its time to scale out and take profits. Tomorrow morning we will have a volatile whip lash as the ECB is likely going to announce QE. There have already been reports of leaking news concerning the size and scope of the QE. Bloomberg has even mentioned a delayed start date, March 1st.
From the charts I'm reading I'm expecting a quick plunge as low as 1.12 with a rally that could go as high as 1.20. This is the relief rally many traders have been begging for. So take the bold action and go long. However, don't hold on thinking this is the start of a new long term bullish uptrend, we will eventually see parity and finally .80 EUR/USD handle.
Future of BitcoinFibonacci numbers (blue vertical lines) and ratios (purple) applied on time.
In case of failure, we break 450, and should expect 260 (last bubbles top)
If we keep climbing up and break top resistance expect rally up to 3000 - 4000.
Infact targets like 10k for the next bubble are unreasonable.
The next bubble will be more like a last breath of the bulls,
before a major correction to around 440 (current bottom level).
A major correction is needed to balance out the
bearish divergence of the last bubble (see weekly RSI etc.)
Only then we will find ourself in a more modest uptrend with
next bubble peaking around 18k at fib number 8 at beginning of 2017.
Greece ready to continue back upMy Elliott Count for the Greece ETF is looking ready for an upcoming bull run.
I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options.
However, Here is a BEARISH scenario,
where A=C and we are just starting the wave down....
This appears to be in sync with the National Bank of Greece (NBG) in which I have been closely following, here is a chart of that:
Would love to hear from other Elliott wave chartists,
LNG TRANSPORT IN INCREDIBLY HIGH DEMAND, HIGH YIELD GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY....
IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER.
AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB INDICATOR SHOWING TRUE STRENGTH. UNTIL A PULLBACK OCCURS THIS IS A LONG AND ACCOMPANIES GLOG WITH THE GROWTH ,DIVIDEND, AND CAPITAL APPRECIATION ALL THREE IN ONE MAKE THIS A GREAT HEDGE TO ISSUES INTHE POLITICAL WORLD ESPECIALLY WITH THE FOMC MEETING TOMORROW.
THIS STOCK , LP , WILL PAY APX A 7% DIVIDEND SO UNCERTAINTY IN MARKETS AND A SHORTAGE OF LNG ALONG WITH CAPITAL APPRECIATION AND GROWTH POTENTIAL MAKE THIS A MUST OWN BEFORE THE CRISIS IS SOLVED.
ANOTHER PICK FROM THE MAN, THE MYTH, THE MYSTERY "JACKIE MOON" TY JM
Apr 14, 2014 | EURUSD | Squareball X Pattern + Touch of Retrace!The unusual but legendary squareball X pattern hints a nice bullish up-move coming with a touch of a retracement to begin the move. The bearish correction (retrace) would end around 1.3754 followed by a nice bull rally all the way up to 1.424, and beyond. Watch for fakeouts, have fun and tread carefully! :D