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USDJPY Reversal (Technicals/Fundamentals)My previous analysis called for USD long last week but this week it looks like we can change from bull to bear after last week price action, economic data and statements made by Fed chair Janet Yellen during two testimonies before congress we can say that we have a weaker dollar for now. Price rejected major resistance at 114.500 early in the week and has been falling since with majority of the drop coming from bad inflation news on Friday and emails regarding Trump Jr and Russia leaked on Tuesday. We see a nice head and shoulders pattern on the daily chart. Looking for more downside to the 112.000 area. It looks like gold broke out of its downtrend as well on a weaker USD.
by nick.trader4
XAUUSD Broke Trend- GOLDUsing the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a potential EMA cross would add to the list of confirmations which looks like a possibility. If the dollar continues to weaken 1240 zone seems like reasonable upside target.
OANDA:XAUUSD
by nick.trader4
$2599 SupportIt is important that we make a close above support of $2599 today. If we don't, the time in which Bitcoin reaches the $3250-$3300 price point that I've predicted must be extended. As of now, we have until July 3rd to reach it. Should we fall below our support today and close OR fall below the support line of my upward ascending triangle tomorrow, that date would be extended by about 7-10 days. And then? More consolidation. Probably back down to $2760 or so at that point. As always, happy trading.
BITSTAMP:BTCUSDLong
by stewdamus
2
What is next for TSLA?? Let me begin by saying this Friday's pull back is nothing to be concerned about "yet"... I don't know of a way to tell if TSLA will go up or down from here. But the price action will give us clues as time goes by. There are many technical terms for what happened Friday in TSLA. I will give you just one, Bearish Engulfing Daily Candle. You can look up the definition but it is often a clue that the stock price is about to go down. If you have been involved in TSLA since June 5, you are making money for sure. Make sure you don't give it back... If you got into TSLA after June 5 you may be losing money at this point. The best advice I can give you is don't let your losses get too big. There is no telling IF the stock will go lower or HOW MUCH lower it may go. Don't take chances with your investments. Profits should be kept. Loses are meant to be minimized. Now that I have warned you lets talk about some levels that TSLA may hit before starting to go back up again. "IF" TSLA is going to go up from here, then $355ish was that level. $354.80 was Friday's low. So that is the level it hit before turning higher. But what if it goes lower? $351ish - This is the 8day ema. This could be the place where TSLA decides to turn and go higher. $344ish - This is the most recent pivot. This could be the place where TSLA decides to turn and go higher. $336ish - This is the most recent support level. It is also the 21day ema. This could be the place where TSLA decides to turn and go higher. $327ish - This is where we saw a daily double top in the month of May. This could be the place. $315ish - This is the 50day ema. This could be the place where TSLA decides to turn and go higher. I am not predicting any of these levels will be hit. I am looking at the daily chart and sharing levels I think are potential places the stock may decide to turn and go higher. As I said earlier, it may be that $355 was that level where TSLA decided to turn around. In that case, the turn has already happened and it could be up up and away from here... I was long TSLA options until Friday Morning. Once it went negative on the day I decided to get out of most of my position. I am a big fan of TSLA in the long term. I will look for a place to get involved again. But I refuse to watch my profits disappear because the stock is going down while I am bullish the company... Good luck to all!
NASDAQ:TSLA
by TheTrendLineInvestor
3
EURUSD Wedge timeHey hey! So far, we're on track. Attached find the yesterday's bounce-up-break-down idea. Now we're going to check whether we should sell (60%) or buy (40%). Why? The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough. I'll be updating you as soon as a trade will be placed. Tell me what you think in a comment.
by adamnkiss
1
$MCOA Making moves Ready for 3rd Major leg up on Weekly Chart.$MCOA QUICK TAKE-AWAYS AND WHY I'M EXCITED! 1. Less than two weeks ago announced an investment of $250,000 for 15% of MoneyTrac Technology Inc. 2. Currently has Investments/Ownership/Joint Ventures with the following companies: hostedimages-cdn.aweber-static.com 3. $MCOA has its hands in real-estate for growing, brand marketing, hemp product ventures, and more. An area where several of upper management has succeeded before. 4. In April they formed a JV with Bougainville in which $MCOA will invest $1,000,000 into a newly formed entity for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington.Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility, which will accommodate a Tier-3 production and processing I-502 tenant. 5. They completed a PCOAB Audit in late March to get ever closer in their move to the OTCQB Exchange. 6. In March $MCOA continued their national expansion with a production permit in Adelanto, California. 7. They launched their HempSMART website and HempSMART Brain product also this year: www.hempsmart.com 8. Audited Fins for the last two years completed 9. It's up 100,000% since 2015 and STILL going up. This might be the 3rd major leg forming now on the weekly chart. 9. The chart, need I say more? Lol All in all I am liking what I'm seeing here. Go $MCOA!
OTC:MCOALong
by StockGuild
$MMEX 8K Out, 50,000bpd Facility, Contracts/Permits/MovementSenator Ted Cruz’s Endorsement for the Oil and Gas Industry is Timely oilmanmagazine.com 2) Awesome News per 8K. Here it is 4/17/2017 8K www.otcmarkets.com 3) MAYOR CONFIRMS PLANS OF MMEX's REFINERY! HERE'S PROOF: investorshub.advfn.com Email confirmation from Lisa D Amato with the Texas Commission on Environmental Quality Air Permits Division. MMEX confirmation of permit submittal in Texas www.dropbox.com $MMEX is going to start trading $1.00+ before you know it.
OTC:MMEXLong
by StockGuild
Is USD/JPY ready for a bounce? Here is the level to watch.I don't like picking bottoms, however, buyers have stepped up ahead of the 1.08 level. This is a 2-day chart. There are two scenarios I see playing out. 1. This is a large retracement from 100-118 range and we are headed back toward the 118 level. 2. A series of lower lows, lower highs has started and we are heading back toward 100.00 The Key Level I believe 112 is the key level. A sustained move above and scenario one has a better probability of playing out. A failure there and scenario 2 seems more likely. I have a limit buy order at 108.90, targeting the 112 level.
by CalebDismuke