On 4h Chart MACD is also indicating a sell signal. At the same time RSI is moving down below its 9 period MA.
Trade Idea
- Limit Sell USDCHF at 0.9955
Stop Loss above 0.9990
Target 0.9885-0.9850
USDCHF 4h Chart.
Sunday, January 27, 2019
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h chart. Evening star candle stick pattern is also suggesting a downside correction for a while.
On 4h Chart MACD is also indicating a sell signal. At the same time RSI is moving down below its 9 period MA.
Trade Idea
- Limit Sell USDCHF at 0.9955
Stop Loss above 0.9990
Target 0.9885-0.9850
USDCHF 4h Chart.
On 4h Chart MACD is also indicating a sell signal. At the same time RSI is moving down below its 9 period MA.
Trade Idea
- Limit Sell USDCHF at 0.9955
Stop Loss above 0.9990
Target 0.9885-0.9850
USDCHF 4h Chart.
Monday, January 14, 2019
Sell AUDUSD for $0.7023
AUDUSD temporarily top at 0.7235 from the swing low of 0.6770. Now Aussie is looking for correction.
China's trade balance sigures for Monday dragged the AUDUSD lower.
Trade Idea Sell AUDUSD at 0.7207
Stop loss : Above 0.7235
Target: 0.7120-0.7055-0.7023
AUDUSD 4h Chart
China's trade balance sigures for Monday dragged the AUDUSD lower.
Trade Idea Sell AUDUSD at 0.7207
Stop loss : Above 0.7235
Target: 0.7120-0.7055-0.7023
AUDUSD 4h Chart
Sunday, January 6, 2019
Prime Life Insurance Company PLIC Is Forming Bullish Wave - Elliott Wave Analysis
Prime Life Insurance Company Limited #PLIC moved sharply higher towards 587 level in exponential fashion, is called motive wave as per Elliott Wave Theory. PLIC got important support at Fibonacci 0.618 in 3 waves. Both Elliott Wave and Fibonacci Retracement suggest that we could see Prime Life Insurance #PLIC trading higher 587 in the days ahead.
As long as Prime Life Insurance Company PLIC trades above 385 bullish structure is in intact.
Investment Idea: Buy on Deep | Target Rs 587 or Above
Invalidation: Rs 385.
Prime Life Insurance Company #PLIC Weekly Elliott Wave Analysis Chart
Saturday, January 5, 2019
ADBL Agriculture Development Bank Targets Rs 536 Or Above - Elliott Wave Analysis
Agriculture Development Bank #ADBL fell towards Rs 283 from the life time high of Rs 536 in 3 waves which indicates ABC wave as per Elliott Wave Principle.
A sharp bullish move from Rs 283 to Rs 382 seems first wave as Wave I) which retraced around 0.786 level and completed wave II) in 3 wave fashion. Now ADBL is moving higher for wave III) in extended fashion. If ADBL holds above Rs 320 we will see nice bullish move towards new short term high.
Investment Idea: Long (Buy) Target Rs 536 or Above
Invalidation level Rs 320 (If ADBL falls below rs 320 the count will be invalid)
Agriculture Development Bank #ADBL Daily Elliott Wave Analysis Chart.
A sharp bullish move from Rs 283 to Rs 382 seems first wave as Wave I) which retraced around 0.786 level and completed wave II) in 3 wave fashion. Now ADBL is moving higher for wave III) in extended fashion. If ADBL holds above Rs 320 we will see nice bullish move towards new short term high.
Investment Idea: Long (Buy) Target Rs 536 or Above
Invalidation level Rs 320 (If ADBL falls below rs 320 the count will be invalid)
Agriculture Development Bank #ADBL Daily Elliott Wave Analysis Chart.
Friday, January 4, 2019
Ripple #XRPUSD Targets 0.8700 - 1.2000
XRPUSD made a sharp move from 0.2464 to 0.8000. Topped on 0.8000 dated September 11, 2018, now XRPUSD is trading inside a triangle. As per Elliott Wave theory the sharp move towards 0.8000 has clear character of Wave A.
On going correction with in a triangle seems abcde triangle. Elliott Wave tells wave B could be triangle too. If our count remain valid then very soon we will be bulls rally towards 0.8700-1.2000 level.
Trade Idea Long XRPUSD. Target 0.8700-1.2000
Invalidation level. 0.2800.
XRPUSD #Ripple Daily: Elliott Wave Analysis
On going correction with in a triangle seems abcde triangle. Elliott Wave tells wave B could be triangle too. If our count remain valid then very soon we will be bulls rally towards 0.8700-1.2000 level.
Trade Idea Long XRPUSD. Target 0.8700-1.2000
Invalidation level. 0.2800.
XRPUSD #Ripple Daily: Elliott Wave Analysis
Nepse Eyes 1087 -898 Before Bullish Move
Nepal Stock Exchange #Nepse topped at 1888.36 from the low of 257. The move from 257 to 1888.36 was quite bullish which is called motive wave as per Elliot Wave theory. Where wave (3) was extended.
From the historical high of 1888.36 #Nepse begun its correction. Where we could see Wave (c) is near to completion. Another powerful theory Fibonacci indicates that #Nepse still has to fall around 1058 - 898 before it begins Bullish journey.
Investment Idea: Long (as much as you can)
Hold: at least 5 years For Nepse arround 2560
From the historical high of 1888.36 #Nepse begun its correction. Where we could see Wave (c) is near to completion. Another powerful theory Fibonacci indicates that #Nepse still has to fall around 1058 - 898 before it begins Bullish journey.
Investment Idea: Long (as much as you can)
Hold: at least 5 years For Nepse arround 2560
Wednesday, October 2, 2013
GOLD (Spot) intraday: key ST resistance at 1305
Pivot: 1305.00
Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.
Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.
Comment: as long as 1305 is resistance, expect a return to 1277.
Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.
Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.
Comment: as long as 1305 is resistance, expect a return to 1277.
Crude Oil (Nov 13) intraday: rebound.
Pivot: 101.00
Our preference: LONG positions above 101 with targets @ 102.75 & 103.25.
Alternative scenario: The downside penetration of 101 will call for a slide towards 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 101 with targets @ 102.75 & 103.25.
Alternative scenario: The downside penetration of 101 will call for a slide towards 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
SILVER (Spot) intraday: the downside prevails.
Pivot: 21.45
Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35.
Alternative scenario: The upside penetration of 21.45 will call for a rebound towards 21.95 & 22.25.
Comment: as long as the resistance at 21.45 is not surpassed, the risk of the break below 20.6 remains high.
Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35.
Alternative scenario: The upside penetration of 21.45 will call for a rebound towards 21.95 & 22.25.
Comment: as long as the resistance at 21.45 is not surpassed, the risk of the break below 20.6 remains high.
Tuesday, October 1, 2013
Crude Oil (Nov 13) intraday: the bias remains bullish.
Pivot: 101.00
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
Our preference: LONG positions above 101 with 102.75 & 103.75 as next targets.
Alternative scenario: The downside penetration of 101 will call for 99.65 & 98.4.
Comment: a support base at 101 has formed and has allowed for a temporary stabilisation.
SILVER (Spot) intraday: rebound.
Pivot: 21.45
Our preference: LONG positions above 21.45 with 22.1 & 22.35 in sight.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Our preference: LONG positions above 21.45 with 22.1 & 22.35 in sight.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
GOLD (Spot) intraday: rebound.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the RSI has just broken above a bearish trend line.
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the RSI has just broken above a bearish trend line.
Monday, September 30, 2013
SILVER (Spot) intraday: up turn.
Pivot: 21.45
Our preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Our preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 102.25
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
Our preference: SHORT positions below 102.25 with 100.85 & 99.65 in sight.
Alternative scenario: The upside penetration of 102.25 will call for 103.15 & 103.75.
Comment: the break below 102.25 is a negative signal that has opened a path to 100.85.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish channel.
Our preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish channel.
Friday, September 27, 2013
Crude Oil (Nov 13) intraday: the downside prevails.
Pivot: 103.30
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
Our preference: SHORT positions below 103.3 with 102.2 & 100.85 in sight.
Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 & 105.
Comment: capped by a negative trend line.
SILVER (Spot) intraday: turning down.
Pivot: 21.90
Our preference: SHORT positions below 21.9 with 21.3 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.9 will call for 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 21.9 with 21.3 & 21.2 as next targets.
Alternative scenario: The upside penetration of 21.9 will call for 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: further upside.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1339 & 1346 in sight.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320
Our preference: LONG positions above 1320 with 1339 & 1346 in sight.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320
SILVER (Spot) intraday: turning down.
Pivot: 21.90
Our preference: SHORT positions below 21.9 with targets @ 21.3 & 21.2.
Alternative scenario: The upside penetration of 21.9 will call for a rebound towards 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
Our preference: SHORT positions below 21.9 with targets @ 21.3 & 21.2.
Alternative scenario: The upside penetration of 21.9 will call for a rebound towards 22.1 & 22.45.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1320.00
Our preference: LONG positions above 1320 with targets @ 1339 & 1346.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320.
Our preference: LONG positions above 1320 with targets @ 1339 & 1346.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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GOLD (Spot) intraday: the bias remains bullish. Pivot: 1371.00 Our preference: LONG positions above 1371 with targets @ 1399 & 1416. ...
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Crude Oil (Oct 13) intraday: further advance. # Technical Analysis Pivot: 108.80 Our preference: LONG positions above 108.8 with 110.7 ...
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Pivot: 1398.00 Our preference: LONG positions above 1398 with targets @ 1416 & 1423. Alternative scenario: The downside penetration of 1...
