This pair is being tricky. We had a trend line of lows which it broke and went for a nice little run. Now it not only retested the line, but broke it and is running up. We also have a major support area at 1.73 which is being respected. We will have to wait and see what this pair wants to do.
This pair has essentially bounced off the 1.0835 area and heading back towards the trend line. We needed confirmation on what this pair was going to do. A bounce off the trend could cause this pair t go back to the support line.
This pair was in a flag and broke out last week before immediately retesting. We now have a second break and I anticipate a bullish run to ensue. Target is the 1.11 area.
This pair has major resistance at .9052 However, it's formed multiple low bottoms which is acting as support. We will wait to see what this pair wants to do.
The recent break of the flag has not gone to plan. But that has not swayed my view. Its tested the flag multiple times and had a push down that couldn't last. I ultimately see this pair going higher. I'm still looking at 1.11 as the price to hit.
This pair seems to be trying to resist a bear push. I don't think it's going to be able to hold out much longer. It's formed a ton of tops and now has a trend of higher lows. The recent push past 1.76 was short lived as the pair came right back down. We will continue to keep an eye on this pair but I ultimately see this pair going down.
This pair has been in a long ascending triangle. With the break of the trendline, as long as it is sustained, we can likely see this pair go to the 1.26 area.
This pair recently broke a descending triangle. But it has also formed a double bottom and and inside day bar. I see another test of the neckline at 1.49.
This is a pair I've been watching and waiting on for a few weeks. It initially formed a double bottom and broke the neckline at .9052 but couldn't sustain the momentum. It has gone on to produce two more double bottoms one of which created a new low. If the neckline can be broken again and sustained, a push to the .94 area will likely occur.
This pair has been in ascending channel. I was anticipating the recent test of the bottom channel to push this pair higher. However, with the failed upward movement, any break in this channel was likely to lead this pair in that direction. And that is exactly what happened. this pair will likely go down to the .9750 area.
This pair finally made the bounce off the bottom of the channel and went into a small consolidation period. The inside day bar at the end of the consolidation was a pretty clear indication to me this pair was going up. And it has. We can and likely will anticipate and expect a test of the top channel at the 1.122-1.123 area before coming back down. I do not see a...
Gold formed a Head & Shoulders and attempted to break the neckline at 1483. It immediately retested the neckline and went on to form small double top. Since both of those patterns, Gold made a inside day bar. That compounded with the Head & Shoulders as well as the small double top should ultimately push Gold lower.
Brent Crude is resisting what I believe to be the inevitable. Oil has been bearish since it's decline started in Oct of 18". A descending triangle pattern was formed since then. And just before the Saudi attack, we got an inside day bar. Now, its formed a symmetrical triangle. Which is a continuation pattern based off the overall trend. So any break below or...
Over the last several months, Under Armour stock symbol UA, has made several double tops and bottoms. Every one has played out the way it was suppose to. It has once again made a double bottom. Once it reaches the neckline at $19.5, we should expect to see a run to around the $22 area.
Spot Gold is sitting at a major inflection point. We have a Head and Should and a double top that just formed. Both are very bearish and I believe it to be only a matter of time before Gold drops again and breaks the recent low at 1,459 to go even lower.
Oil broke the neckline but immediately retested it and is now sitting just above the neckline. We can't forget about the inside day bar the formed just before the Saudi attack. After a small bull run which I believe will be short lived, we can anticipate oil moving lower.
This pair has not moved the way I thought it would. However, it's still respecting the channel. We also have an inside day bar which should indicate the pair going to the top of the channel. We will wait to see what it does.
