Auguraltrader

Auguraltrader

As shown in the daily GDX chart, the turquoise trend lines mark the support resistance trend lines, as well as show a standard flag pattern. Previous upside target in 2019 was 36, it now is upgraded to 46, based on chart pattern and Fibonacci projections. Recent price action saw a gap above the trend line resistance, and consolidation before yet another gap up...

Auguraltrader

The Nasdaq Futures NQ1! 4hour chart presented here for the sole reason that the broad market is currently being led and propped up by the Technology sector. The daily chart mapped out the boundaries for an ascending triangle and I the 4H intraday chart, we can do some micro analysis to get an idea what the rest of the week might bring. Yesterday’s mini rally...

Auguraltrader

With almost a 30% upside full potential, the GDX broke out of a down trend resistance line, with MACD crossing over into the bullish territory. The GDX also nicely bounce off the 55EMA and registered a recent higher high. System Buy signal activated. Rather bullish signal, don’t you think? Projections put the upside target at 46, with pauses along the way.

Auguraltrader

The STI daily chart shows technical break via a Gap Down of: 1. A supporting trendline; 2. Out of a bear rally wedge; 3. Failed the 55EMA; and 4. MACD broke down into the bear territory This appears to be a rather strong conviction of the weakness of the STI and projections indicate 2500 as the next and critical support. Failing which 2200, and consequently...

Auguraltrader

An update from previously posted Alert on the Straits Times Index (STI) as it is about warranted time. The STI had closed the last 4-5 DAILY sessions below the 55EMA, and this morning saw a gap down, pushing the morning session for recent lower lows. The MACD had crossed into the bear territory and we are looking at 2500 as the next support. Bearish ↘️

Auguraltrader

The 4H chart shows a 150 point consolidation and MACD points to deteriorating technical conditions, ripe for a breakdown soon. Perhaps a weak rebound to the 55EMA, which runs through the middle of the range like a resistance line, and then break out to the downside early next week. See also the ES1! Daily chart for the imminent MACD crossover into bearish...

Auguraltrader

The S&P500 futures the ES1! 4H chart shows a consolidation range of about 150 points with the 55EMA running in the middle of this range acting as a medial resistance. The 4H MACD suggests of a bearish bias; and breaking out of this range below the support means a continuation of the downside. 3100 appears to be the strong resistance at this point. Some things are...

Auguraltrader

TEST system triggered a Buy Signal upon a retracement wave of the EURUSD. Price broke above the 55EMA and above of a trendline. MACD also broke above a trendline, crossed up and looks strong to break into the bullish territory. Price projections show a potential 6:1 over the next three weeks. Do note that is a customized test system for EURUSD, not yet live.

Auguraltrader

In a test system, the EURUSD appears to have a Buy signal. This Buy signal appears to also be technically supportive with MACD breaking out of a trendline, crossingup and soon to cross over into the bullish territory. Price had broken out of a retracement trendline as well, and also broke above the 55EMA. Price projections give a 6:1 ratio. This is a test system....

Auguraltrader

Out! Out of a triangle as expected, Gold broke out just today, having gapped up (on the futures GC1!) as well. It is an all systems go with very nice technical support from the ATIS system Buy signal upon breakout, as well as MACD crossed up and crossed over into the bullish territory. The 55EMA had been bounced off, as well as it is trending upwards...

Auguraltrader

Appears that Bitcoin BTCUSD is losing steam. Daily chart MACD has crossed down as price gets into a squeeze. This is happening it’s lower and lower volumes. The Burst Up for Bitcoin appears to be postponed for another day. Likely to have some significant retracement incoming...

Auguraltrader

For those in Singapore, on the Straits Times Index, O87 aka GLD is just about to break out of the triangle, having broken out of the MACD trendline, and into the bullish territory at the same time (yesterday). This is a bullish indication, which needs a price break out of the triangle with committed volume to follow. We will know as it turns into July... Targets...

Auguraltrader

Crude Oil futures had a decent rally in line with the market exuberance, and alongside agreements to cut oil production. However, it appears that the rally is done, and is turning. Our chart shows the Sell signal, and imminent failure of the 37 support, having a bearish divergence on the MACD, and failing to close a significant gap. Downside target of 25, with...

Auguraltrader

Gold is coiling to breakout, having showed, of late, strength in holding up despite some selling pressure. Previously coiled, faked out and fallen back into a continued coil, it is running out of space, as the triangle/pennant comes to the end of the tip, as well as the 55EMA coming upwards in support. MACD has just crossed up into the bullish territory, and now...

Auguraltrader

The ES!1 S&P500 futures hourly chart is at a pivot point, and a likely breakdown on the hourly chart would start the next leg to the downside. MACD has broken down into the bear territory. Price breakdown on a trendline is about to happen and would also break down the 55EMA as well. Significant couple of hours from now...

Auguraltrader

As pre-emoted recently, the STI wiped out 5 sessions of gains in just 1 session yesterday. And this happened before the US and global markets moved down strongly due to “second wave” of COVID-19 in the USA. This, in my humble opinion, is actually the extension tail of the initial wave as there was no break. Coming back to the STI, there should be a follow...

Auguraltrader

Gold, as it appears, has broken out. System Buy signal should be along shortly, Fundamentally, on the back of a topping equity market, and the Fed statement that QE infinity and low rates will be around until 2023, it probably triggered some Gold buying. Technically, after bouncing off the 55EMA, Gold apparently broke out of the triangle, and MACD crossed up in...

Auguraltrader

A couple of days ago, I highlighted an anomaly about bankrupt companies spiking up. Over the last two days, Hertz, being one of such, had a bearish harami, now a three inside down, candlestick pattern. This came after failing the 55EMA. REALITY BITES... HARD. Stay safe.