priceprophet

priceprophet Updated 

November over, we were looking for a return to 24000 range (~24074) November showed us that it is finding support around 24450. December can see a retest of that level. Especially if the market is waiting for the 21 EMA to catch up with it.

priceprophet Updated 

The technicals are lining up within the charts to revisit a historical range. In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up. Looking for a retest of these range for a few weeks. A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825

priceprophet

I am seeing a lot of long calls. I just wanted to revisit a short call. We have a new test of the 1.13 level. This is the >>> third <<< time. Levels usually don't hold on count attempt three. Examine the Renko chart. The first bounce was August 14th. This is the third attempt and the second since Oct 31. This level should weaken and be broken through. ...

priceprophet

Russell 2000 has led the way and has formed a death cross, during the end of October rally, the index couldn’t re-cross the 50/200 EMA and remains in bear territory NASDAQ Friday re-entered the bear territory by closing below the 200 EMA. While this moved closed the gap formed between the 6th and 7th of November, Does this mean that NASDAQ will close the gap...

priceprophet

I am not a fundamentalist. The events scheduled for today started to change the chart yesterday around 1300 EST. The four hour chart began a sell down. Watching a 12 hour pause at the 21 EMA, this morning at 0500 EST, the market closed below the 21 EMA and has continued to travel down. This is a bounce off of the 21 EMA on the daily chart and reversal. The...

priceprophet

November 6th events kick started a stalled EURUSD pair. Provided some very wild swings and now is displaying a desire to move further up. The wild swings generated price projections of 1.1651. I am looking for the more tempered variants of the projections as they readjust themselves after all the excitement. So for now, long term is definitely long but how...

priceprophet

The 1H charts have been under the 21 EMA all night. At 0700 EST, the hour chart signaled a push for 1.13358 (zone). While the 4H chart has been above the 21 EMA all night but in a short status. (This is the trend chart) The current Heikin Ashi bar (on the 4H) is appearing to prepare to close below the 21 EMA which will solidify this short sale,...

priceprophet

The bounce of the 21 EMA for the daily, and heading back into lower territory. 25582 was the resistance for the current bull attempt. It has been reached and reversal is now in place. There wasn't enough strength Friday to gain a close above the 21 EMA. Looking for it start moving back down this week. The down turn to the support levels can be slower than what...

priceprophet

Still room for long profit. Range between 1.14701 - 1.14953 The 21 EMA on the daily is sitting currently at 1.1452 Not expecting much resistance until the 21 EMA is reached.

priceprophet

Welcome to November as we retest July lows.

priceprophet

EURUSD Daily. Crossing on the Heikin Ashi indicator. Daily going into a long position even while still under 21 EMA. 4H: Two closing above the 21 EMA on the Heikin Ashi chart. Moving into long position. Looking for a price target of ~1.14953

priceprophet

2nd confirmation of DJI bear running down to test 23344 support level . Feb 2018 lows are now in sight for being retested. Tuesday may bring in a slight adjustment to the overall price range target. However range is now indicated as being 23344 - 22953

priceprophet Updated 

Building strength to penetrate floor for possible test of April/May lows. Looking around 23330.26 for support WHEN floor is broken.

priceprophet

Still much downward potential. Looking for support levels of 1.13302 -, 1.1305. 1.1305 is near August low. If levels are broken, next support will be around 1.1235

priceprophet

DJI has been caught in S/R of 23360 - 26616 since start of the 2018. This last couple of weeks has been typical S/R behavior. Price reaches resistance without strength to push through and retreats to support.

priceprophet

As the description says: Bounced off of 1.16 resistance, fell to the 21 EMA, bounced off the 21 EMA without closing on opposite side. Heading up to 1.16636.

priceprophet

Pause in consolidation long enough for the EMAs to catch up. Looking for ~ 3 sessions of consolidation (including Friday). Price won't close opposite of the 21 EMA but should venture into space between 8 & 13. Looking for July lows as the floor, consolidation and then begin the process of re-building.