DailyChartist

DailyChartist

With the recent negative changes in the fundamentals, the direction in stocks has taken a sharp turn south. Even though FED has cut the rates, it was already priced in, and stocks didn't go to the roof. With the perfect timing from Trump, he threatened to implement new 10% tariffs on China imports. Current bias remains BEARISH strong and I am expecting a...

DailyChartist

We observe a nice uptrend, with an inside short-term correction, that seems slowing down as the price bounce couple of time from the diagonal support. Price currently is stuck in a tight, consolidating range, looking for a direction. With the current stalemate in regards to fundamentals, technicals can settle in nicely. DeM is also moving out from the oversold...

DailyChartist

With Boris Johnson's new position as a PM, the Pound took heavy losses, as no-deal Brexit started to weigh again on the currency. Europe is not taking Boris seriously at all and leaders are not showing sign of bending to his will. Although the bearish pressure, I incline to think that some of the pressure will be lifted short - term. Current support is at...

DailyChartist

Although there is lack of fundamentals action for the world of crypto and things have calmed down a bit, price remains above 9500, finding support in the zone around 9085. Technicals lead to a bullish bias, which may led the price again above the 50 daily moving average towards 10917. As the zone has prove to be a strong resistance, I except a short-term move down...

DailyChartist

With yesterday's weekly API inventories, oil turned bullish. Data showed that the inventories are lower, which leads to a heighten demand for oil. Thus the price jumped into positive territory, breaking our previous bearish scenario and the flag is no more. Current projection is for a rise in price of WTI towards the 59.66 price zone, where it may meet some...

DailyChartist

Is the S&P500 finally ready to breach the to resistance and go for the 161.80% Fibo? Zone at 3091.2 looks open now, but the price has landed just a bit above the long top diagonal resistance. Demarker is also moving inside the overbought zone, which indicates that a strong buy impulse is going to follow, before the price starts to fatigue and the movement to reverse.

DailyChartist

The current short - term consolidation for Crude Oil is coming to an end. Chart is forming a potential bearish flag pattern on the Daily chart. On the top side, zone in 38.20% Fibo at $56.96 remains as a strong resistance. Bottom side, 50% Fibo zone at $55.74 is a good support. Trade idea: Sell @ the breach at $55.74 as an aggressive move, or wait for a test on...

DailyChartist

BTC has tested the top triangle line and it didn't breach it, nor falling below it as bulls prove their determination that indeed the price needs to play out the triangle that has been formed on the daily chart. Longs are preferred from the jump on the line with just in case an appropriate stop loss level under the yesterday's closing point if the price for any...

DailyChartist

BTC trading a Head and Shoulders formation as a main technical catalyst for the rapid moves up. Move towards 8543 next.

DailyChartist

The Index has closed under the bottom line of the steep uptrend, as well as STOCH is crossing for a sell signal and CCI is moving in overbought territory.

DailyChartist

Price is moving quicker than expected with determnation to breach the upper triangle line for a more sooner move towards $8K.

DailyChartist

ETH is preparing itself to move up. CCI is turning again North, also STOCH is turning up to make a Bullish crossover. This is my view for the short-term period.

DailyChartist

Short-term view on Bitcoin movement. Price still in boundries of the triangle. I presume for a possible move further down before making the breach up. Oscilators signaling overbought levels and the price is already crawling on the top line.

DailyChartist

Chart pattern of a potential Bullish flag on H4 has formed with the possible target of $7047.