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Technicals

The Yen has been underperforming for the most part...The Yen has been underperforming for the most part, but is now in danger of a more pronounced reversal towards 103.50 vs 102.60 or so at the other extreme, while the Franc has recoiled back through 0.8800 and Loonie is losing touch with buoyant oil prices due to the scale of its US counterpart’s revival to trade nearer 1.2720 than 1.2630 peaks in the run up to Canadian data tomorrow. Euro on the other head looking optimistic after 1.1bn expiries rolled off at the NY cut.
Long
by FTUKcom
14
Profit Target Hit: BitcoinBitcoin has made new highs yet again. It came just shy of our projected profit target of $38.6K. This appears to be the first leg of the next Elliott Wave impulse. Watch for a small retracement soon. If so, $34.4K will provide support. The Kovach OBV is still very bullish, so there is no reason to anticipate a reversal any time soon. However, the longer it continues to moon without any significant retracement or ranging, makes it look more and more like 2017.
BITSTAMP:BTCUSDLong
by quantguy
1
Profit Target Hit: LitecoinLitecoin has been a bit more modest in its ascent. It has reached our profit target of $173. We are likely to face some resistance here, and there are lots of support levels below. A significant dip could take us to $153 or even $140, and this would still be considered bullish. There seems to be a divergence between the Kovach OBV and the price, which is a bit concerning, but there is hardly anything fundamental or technical which should cast doubt on this product.
BITSTAMP:LTCUSDLong
by quantguy
1
AUDUSD is trending in a pennant flag pattern - more upside?AUDUSD is trending to the upside today ahead of US elections. A break above the resistance trendline could signal for buyers to drive price higher, likewise a rejection of the resistance line could signal further selling. We are bullish AUDUSD today as traders may look to reduce USD exposure approaching the elections. It is worth taking into account the RBA's rate cute today, from 0.25% to record lows of 0.1%. This would typically be bearish for the AUD.
Long
by ToniSignals
1
USDMXN - Peso technical analysis! Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are. Now let's dive into the technicals: Pattern: Wedge Support: 19.79294 - 19.71330 Resistance: 19.93628 - 20.07432 Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200 EMA Area) Short: Below support areas 19.71330 and confirmed close Target: 19.54620 - 19.30700 Key tip: It's important for confirmed closes, as you could get a fake a break out as well. Remember: Just a trade idea, not a recommendation. All the best, Trade Journal
by Trade_Journal
2
A choppy day for the Buck with the earlier Sterling...A choppy day for the Buck with the earlier Sterling-influenced impetus waning heading into the US cash open with State-side players eyeing events at Capitol Hill as expectations mount for Congress to pass an interim stopgap bill and kick the can down one week to Dec 18th, whilst the bipartisan group continues to haggle over COVID relief with liability overhaul a sticking point. Nonetheless, the Buck was propelled in early European hours from its 90.686 overnight base to a peak at 91.241 but has since the Index has lost traction to stabilise below the round figure heading into the European close. Meanwhile, tomorrow’s State-side docket remains light with Fed officials also observing the blackout period, but with focus likely to remain on Capitol Hill developments. GBP/USD: 1.3650 Target. Gold: 1930 Target. DXY: 90 Target. EUR/JPY: 129.00 Target. Stay tuned for more posts to come this week! It will be a good week ahead!
by FTUKcom
USDCHF H4 - NeturalUSDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the less detrimental headlines. Market risk is heavy, hence USD strength, although we are at major resistance on a 180 pip range setup.
by Trade_Simple_FX
Apple stock caught in bear continuation pattern.Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term. The stock broke its support of $116 here and will likely continue and trade under $115 today. If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next possible breakout. Perfect opportunity for the long term stock investor to get into the stock and continue to average down should the stock come back. In the options world, I am not seeing any significant news to push the stock up unless APPLE surprises investors with ER next week.
NASDAQ:AAPL
by ThaMoneyHunter
SWKS loosing steam Skyworks is nearing a new high and running out of steam. Heres what the indicators say. Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators. Moving Average: SWKS is slowly moving closer and closer to its moving average and if history repeats itself, once it falls below the MA we should see a sharp sell off. Volume: The volume indicator shows we are starting to loose bullish volume. Relative Strength Indicator: Shows that SWKS is over bought, we should expect some heavy selling because of this. Indicators are just collections of information that can help us analyze trends to make predictions about the future. SWKS price movement is not guaranteed. Even if it does receive a sell signal. Please trade at your own risk.
NASDAQ:SWKSShort
by Myantman101