ZenTrader108

ZenTrader108 Updated 

ukoil - long - 1. pin bar 2. key 51.00 level 3. bullish engulfing 4. Decelleration 5. upward sloping trend-line retest

ZenTrader108 Updated 

spx - short - 1. no great daily candle however hidden treasure 2. intraday H&S pattern 3. decelleration 4. 60 min MACD bearish divergence 5. key zone 6. double top *A nice intraday pullback rejection of pivot area w/Fib would be nice. *Safest stop is hear or above most recent high for safe protection *Target would be an area of value seen on the daily, ie...

ZenTrader108 Updated 

Gold - long Not a typical one but one that caught our attention. 1. no great daily, potential hidden treasure 2. intraday falling wedge breakout 3. bullish MACD divergence 4. decelleration 5. 1260 historical weekly key level acting as support 6. trend *Potential to take to the daily fib level for a short term target if Price action goes well. *Going to...

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Triple bottom Head and shoulders pattern Bullish MACD divergence *A break of the H&S neckline should allow price to move to 1.30 as next major resistance area

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GBPNZD - Short - Weekly 1. Pin bar 2. key line resistance 1.8000 3. overbought rsi 4. decelleration 5. rising wedge type pattern 6. longer term trend intact

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1. Pin bar 2. trendline rejection 3. historical line rejection 1.67000 4. overbought rsi territory

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-tweezer top -decelleration -H&S pattern forming right shoulder -lower high -bearish MACD Divergence

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-daily bearish engulfing -overbought price action ie no real pullbacks -not a massive key resistance line but a resistance are of $53.50 -intraday trend line break -bearish 60min MACD divergence

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Chart showing a textbook intraday Head and Shoulders Bearish pattern Just breaking below neckline area now

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USOIL: LONG bias 1. Forming a large monthly inverse H&S 2. NEW bullish trend 3. Forming a Daily inverse H&S 4. Pulling back to value area 5. Key Line support area 6. Trend Line support area 7. Fib 0.5 - 0.618

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1. Pin bar (16/08/2016) 2. Key support area of $45.00 3. Uptrend line support being tested 4. Trend 5. Breakout zone 6. Pullback 7. Fib 0.618 (measured form may low's to August Highs

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Here we see the chart looking a bit more bearish than bullish as a clear rising wedge pattern has occurred. MACD has been diverging for over a week now. A break and close the 4hr 50 ema would be a confirmation this has a high chance of heading lower. FOMC announcement may take this lower if its nothing great and could then to support to continue this bullish...

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We have the USDJPY in a massive over exhausted downtrend on the daily. Technical: Daily bullish wedge. VERY long term trend line rejection after Brexit VERY key support line from 2014 Deceleration, failure to break brexit lows Doji candle on Friday 8th July Along with these excellent technical's there is also a few fundamentals to go along with it, to see this...

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This is a Monthly chart of USDJPY, this one has caught our eye the most as it has broken out of a major long term downtrend back in 2014 and since hasn't looked back until now, this lines up perfectly as a potential value zone where big money may look to step in. Technical Reasons: 1. Break and retest of a monthly trend line as support. 2. Key area support of...

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BULLISH outlook: 1. Daily Inverted Head and left shoulder formed waiting for right to be formed for confirmation. 2. VERY bullish MACD divergence and clean 3. Key supportive line @ 108.000 - last touch was sep-oct 2014 2014, historical support going to 2007-2008 and 2003 - 2005 4. Fib 0.5 level and 108.00 align perfectly with a higher low. CONS: Against...

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This has been on our watch for 2 months watching and waiting for clear decelleration + technical confluence to look to get lon, and this weeks finish looks to have completed that, breaking out of the Bullish wedge upon many key confluent areas as highlighted on the chart. This all stacked together looks like a excellent Reward / Risk potential trade coming up in...

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AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now. We are looking at this as follows: Pullback to value, get long on good technical signal.

ZenTrader108

This has been on a relentless selloff for nearly 2 years, oversupply is currently in place, but if that changes with OPEC etc then demand may return (albeit temporarily), to start up a mini bull market for oil but we doubt it will go much higher that $45.00 in the near future and in fact maybe lower lows.