kjmb1

kjmb1

Early-2016 US market slowdown gives reason for a ranging market before the US dollar continues its strong uptrend.

kjmb1

Elliott wave shows XAUUSD has completed a complex correction, and may well have found support at the bottom of the trendline, and around the weekly S1 of 1078.15 and the daily S2 at 1058.91. Consolidation around this area may occur before an impulse wave upwards. Happy trading!

kjmb1

Oil has broken the RSI trendline and has rose $3 from 42.61 in less than 24hr. The impact of the FOMC was seen on the markets, with the dollar strengthening and XAUUSD, among others, dropping by $20, Oil felt little effect: showing the lack of selling pressure and signalling time to tackle new highs. Happy trading!

kjmb1

Bullflag forming to push XAUUSD up for the final leg of the wave 4 correction. After which I see wave V completing the complex correction. My first target for the medium term upside is 1194, second target is 1205; while I'm targeting a long term fall to under 1070. Happy Trading

kjmb1

EURUSD is completing its correction from the high of 1.149 and, before making the final leg down (C), there is an apparent ABCD pattern that that would complete wave B. The falling wedge on the CCMI indicates bullishness in the short term. I'm looking at the 1.125 level for the completed correction and a sufficient bounce would be OTE to long the pair beyond...

kjmb1

LTC has reached resistance from the 200EMA and the ichimoku cloud on the daily. Rejection here is very possible, however: the RSI seems to be trending upwards; the OBV has some strong support; and looking at the last time LTC broke through the cloud, there is chance for a big upwards move. This will also coincide with cryptocurrency fundamentals over the next...

kjmb1

Seems USDJPY is nearing its end in this, hopefully, continuation triangle. A movement downwards would complete Wave C of the correction. My target is 113.203 which lies on the 0.5 Fib, and my stop is just above the 1day ichimoku, which provides resistance and, on breach, would validate my trade. Alongside this, the RSI is forming a rising wedge, a bearish...

kjmb1

Continuing Wave C of the correction from 1.045 in March. Starting wave iii of Wave III within Wave C

kjmb1

Gold is completing it's double zigzag correction, from the high of 1920 in 2011. It's currently in wave iv of wave V of wave Y. Anticipating above 1170 before the final leg down.

kjmb1

GBPUSD looks to be completing correctional wave C of the downtrend ending in April. The pullback/wave IV is within the trendline and I'm expecting a big push upwards towards 1.6000. Bullish divergence also appears on the MACD.

kjmb1

Oil seems to be completing its corrective wave B and is now looking to bounce for wave C of the correction. My OTE is at S1 around 48.15, however I will enter on evidence of a notable bounce. The target for this trade is 68.50, which would result in the length of wave 3 equalling the length of wave A; and my stop loss is just under S3.

kjmb1

After what looks like a correction from the downtrend, the euro seems to be continuing its downward trend in impulse wave 3. If the bear flag plays out it will push this pair further down. IF the EURUSD continues the downtrend, the profit potential is huge. I have set my target for 1.07 yet there could be further movement through the 1.04 support and towards parity.

kjmb1

Seems to be in the 5th impulsive wave down on a larger timeframe and the 3rd impulsive wave down within this 5 wave. This is a long term target with a conservative target of 1128 and a 2nd target of 1120