ttafa

ttafa

Daily close below channel support could lead to a deep correction.

ttafa

The pair is locked up in a neat 250 pip range. I am waiting for a break of this range for directional bias. However, traders may also want to play the range with tight stops.

ttafa

USOIL is meandering in an upward sloping channel. If support channel holds, look higher possibly towards 62.50.

ttafa

BTCUSD is showing negative RSI divergence on the daily timeframe hinting price has moved too far too fast. Break of 29/11/17 range low can give a good short side play with stop a few pips above the all time high, but bearing in mind this is a counter-trend move.

ttafa

In my last gold analysis, I was looking for price to settle above 1296 for upward price acceleration. That never happened and bears are still in control. However, with US equities coming off the highs as of the time of writing, and with the implication of flight to safety, I don't expect bears to prevail much longer.

ttafa

In my last analysis for the pair, I was looking for downside acceleration following break and re-test of 111.65. However, the pair has found support at 111.00 and bulls have now taken 111.65. From now, the technical picture is unclear from my point of view, but I will be looking for a reaction at the upper boundary of the channel within which the pair has been...

ttafa

My last gold analysis was 'Price is bouncing off 1296 to the downside. A break of this level may see price acceleration to the upside.' Bulls have overcome this level, at least for now. A daily close above could give us that rally towards 1360s! Good luck traders.

ttafa

In my last analysis, I was looking for '111.65 to be convincingly broken' for downside price continuation. That level has been broken and re-tested. Look lower and tighten stops with 109.52 and 107.33 as the next major pivots .Good luck traders.

ttafa

My theory on 14/11/17 went, ''The pair has broken the descending trend line originating from 10/2008. If the breakout has legs behind it, there are hundreds/thousands of pips to the upside. It would be a sweet deal for long-term/position traders!'' As I write, price is now 300 pips, yes 300 pips from my last analysis. In this update, price can be seen moving in an...

ttafa

On 15/11/17, my price projection went ''113.70 has repelled price action from rallying. Breach of 113.00 swing low is heralding deeper losses with 111.65 as next target'' The 111.65 target has been reached. If this level is convincingly broken, I envision price accelerating to the downside towards the 107s.

ttafa

Price is bouncing off 1296 to the downside. A break of this level may see price acceleration to the upside.

ttafa

The pair broke out of the bull flag pattern and is attemping to re-test support. It's a good risk-reward opportunity if it plays out. Cheers.

ttafa Updated 

The pair has reached a zone where I expect a pause in downward momentum or at least a short term bounce. The zone is marked buy the 200 day MVA and former resistance from the triangle breakout on 13/7/2017. The MVA is at 0.7691 whilst the descending support is approximately at 0.7690. Stop loss below July swing low of 0.7571. Target 1 @ 0.7895. Target 2 @0.8125.

ttafa

Support has been found at 55.20 (01/17 swing high). RSI is well directed. I am looking higher with 62.56 (05/15 swing high) as next target.

ttafa

113.70 has repelled price action from rallying. Breach of 113.00 swing low is heralding deeper losses with 111.65 as next target.

ttafa

USOIL is retesting 1st major support @55.20 (i.e. 01/17 swing high). Is this level fails to hold, deeper losses are expected towards ascending trendline from 08/17, and if this fails, then further down to major descending resistance-turned-support.

ttafa

I expect the metal price to break out of the bull flag soon for upside continuation.

ttafa

The pair has broken the descending trend line originating from 10/2008. If the breakout has legs behind it, there hundreds/thousands of pips to the upside. It would be a sweet deal for long-term/position traders!