Thursday 30 November 2017

DJI: Dow Jones Index next P&F chart target : 27500!

DJI: Dow Jones Index next P&F chart target : 27500!

The Dow Jones 30 index has taken out two P&F chart targets: 22050/21600.
Next long-term target is 27500, but not without a possible key consolidation of between 750/1000 points. That's the downside risk in the current point and figure chart rally.





DAX 30 Index: on its way to top end cloud resistance!

Xetra Dax 30 index rebounded from cloud chart support at the top end of the cloud (Cloud span A), 12911 support zone. Next major resistance zone is around the front cloud level of 13285 zone!



FTSE All Share Fighting for support at bottom cloud level!

FTSE All Share Fighting for support at bottom cloud level: 4051. Rebound here if support holds.
Top end of cloud at 4095 is a key resistance zone! Remain range bound in trade for some time now.




Bitcoin hit the 10500 point and figure chart target!

Bitcoin hit the 10500 point and figure chart target!
Expect a consolidation as it needs to digest its recent gains after hitting the 10500 point and figure chart target! Watching closely here for a P&F chart reversal to signal a major correction. A new support base need to be established at these elevated levels.


Bitcoin: Consolidating after strong rally!

Bitcoin: Consolidating after strong rally, with front cloud support level at 9120,a key cloud chart support zone! Key rebound zone for new trades.


Tuesday 28 November 2017

Bitcoin: Steady grind higher to 10500 P&F chart target!

Bitcoin: Steady grind higher to the 10500  point and figure chart target. But beware any  (250*3) box reversal of 750 to the downside will signal the end of the trend.

Looking for a consolidation of recent moves now that its getting closer to the target.



Friday 24 November 2017

FTSE 100: Stuck in a trading range in the cloud!

FTSE 100: Stuck in a trading range in the cloud with resistance at top end cloud levels of 7460, and after that front cloud resistance at 7520!

Support is at bottom end cloud chart level, at 7380! If support fails, the downside target is the next level of old cloud chart support zone: 7295.

Watching for a rebound at 7380 or a breakout down of support at that level! Critical week ahead!


FTSE-All Share: Stuck in a trading range in the cloud!

FTSE-All Share: Stuck in a trading range in the cloud between bottom cloud support zones at 4059, and top end cloud resistance at 4095/4131 zones! Need a breakout either way!
Critical week ahead!


Dow Jones 30 Index: fighting hard for a breakout past old highs!

Dow Jones 30 Index: fighting hard for a breakout past old highs of 23602 zone!
Critical week ahead for a breakout, and then a rally into the year.

Fail that, the top end of the front cloud level at 23320 is a key support zone in Q4 of this year!


NDX index: Need to see a follow through after this recent breakout!

NDX index: Need to see a follow through after this recent breakout, with the old high of 6346 being the new support zone. Do expect this level to be tested, but now that this market has broken out again, we need to see a stronger follow through here.

Front cloud level of 6236 is a key support zone in this rally!


Tuesday 21 November 2017

Bitcoin USD Hit point&figure chart target.

Bitcoin USD Hit point and figure chart target of 8000. Next target is 10500, but beware a consolidation around the 8000 as Bitcoin needs to consolidate recent gains. Box size is 250 for this point&figure chart, beware a key reversal to the downside. So far the trend remain up, and I am on the lookout for a key reversal that could see a short-term consolidation take place.

Turning too the Ichimoku Cloud Chart:
The cloud is a key support zone in this bull rally. With key new support at old highs of 7431 zones.
Bitcoin rebounded from old lows/front cloud support zone of 5555. Note MACD buy signal remain in place. Watching closely to see if the consolidation will give additional entry opportunities towards that 10500 P&F chart target.



Monday 20 November 2017

EURUSD: Fighting hard to get past cloud chart resistance!

EURUSD: Fighting hard to get past cloud chart resistance!

Cloud span B , at the bottom of the cloud is a major resistance zone at 1.1826, and then top cloud resistance at 1.1877 zone! Need to see a breakout past cloud chart resistance, if not, then cloud chart resistance holds, and the Euro is then expected to correct further to the downside!
Critical week ahead!

Sunday 19 November 2017

NDX Nasdaq 100 Index: Weekly cloud chart review, breakout needed!

NDX Nasdaq 100 Index: Weekly cloud chart review, breakout needed beyond old high resistance level of 6346! If resistance holds there is downside risk towards the 6236 support zone at the top end of the front cloud level.
Note the MACD sell signal, consolidation risks remain high here!


S&P 500: Weekly cloud chart outlook: Next key support zone to watch!

S&P 500: Weekly cloud chart outlook: Next key support zone to watch is the 2576/2557 levels.

  • S&P 500 on its way to test for support at front cloud level: 2576, critical level for this coming week. 
  • Fail that, the next key level to be tested is at 2557 front cloud support zone. 
  • Note that MACD sell signal is early, but still valid. Note that we are getting closer to the next signal on the cloud chart, so not yet had a sell signal on a cloud chart basis. 
  • For a short term swing trade I am looking for a rebound from support zones!


FTSE100: Weekly cloud chart outlook.

FTSE100: Weekly cloud chart outlook.

Critical week ahead for the FTSE 100 index as it is fighting for support at the bottom end cloud chart support zone. (Cloud span B) Critical support zone at : 7380. Rebound potential here if support holds, if not, the further downside risk towards next old cloud chart support level of 7295.
Note that we have had both a MACD and a cloud chart sell signal a while back.





The weekly cloud indicate where the weekly cloud chart support zone is, and that there is downside risk towards this level, just below the 7200 zone.




Xetra Dax 30 Index: cloud chart weekly outlook.

Xetra Dax 30 Index: cloud chart weekly outlook.

  • Dax rebounded from old highs and cloud chart support zone levels of 12911. There is a risk that this level get re-tested this week. 
  • Upside resistance is at old high levels: 13094. and then the top end of the front cloud chart level at : 13280. 
  • Note that the MACD sell signal remains in place, with short term swing trade potential when the DAX rebound from cloud chart support zone!

Thursday 16 November 2017

USDCHF: Testing cloud chart baseline for support!

USDCHF: Testing cloud chart baseline for support at 0.9869 zone. Potential rebound area, but note MACD outlook is negative.
Potential rebound zone if support holds, with old highs are key resistance zones:1.010!



CADUSD: Slow grind higher towards major resistance zone!

CADUSD: Slow grind higher towards major resistance zone!

Key support is at 1.2672, at the cloud chart standard line/baseline. Old high is the next major resistance zone: 1.2928!


Wednesday 15 November 2017

GBPUSD: Stuck below cloud chart resistance!

GBPUSD: Stuck below cloud chart resistance at 1.3213! Bottom of cloud level is a major resistance zone! Need a strong breakout past this level, fail that, expect sterling to move back down to next level of support at :1.3085!

EURUSD: Fighting hard to get past cloud chart resistance!

EURUSD: Fighting hard to get past cloud chart resistance! Bottom cloud level is a key resistance zone! Front cloud level still indicate downside risk! Need a breakout past cloud level, if not, then expect a correction if cloud resistance holds!

Monday 13 November 2017

DAX 30 Index fighting hard for support at old high levels.

DAX 30 Index fighting hard for support at old high levels: 13094 zones!
Short-term rebound potential here.
Downside risk remain in place towards the next key cloud chart support level at top end of the cloud=1.2911!


GBPUSD: Fighting hard for support at 1.3085!

GBPUSD: Fighting hard for support at 1.3085! Downside risk remain high!

Old cloud chart levels indicate potential support zones in current correction.
If support fails around the 1.30 zone, then the next support zone is at 1.2925!


Bitcoin USD: Rebounding from cloud chart support zone!

Bitcoin USD: Rebounding from cloud chart support zone.

Cloud chart levels and old highs levels are key support zones. Rebounded from 5700 support zone!
MACD position still indicate downside risk!

The point and figure chart also made a key reversal at support zone, Upside target is 7800 based on this reversal.




Wednesday 8 November 2017

TQQQ: Steady grind higher, but looking to bank profits soon!

TQQQ: Steady grind higher, but looking to bank profits soon, consolidation risks remain! Keeping an eye on the MACD signal at these levels.
Support zones in this rally are 128/123! Cloud chart outlook remain bullish long-term. Short-term consolidations offer swing trade opportunities.


CADUSD: consolidating towards support zone!

CADUSD: Consolidating towards cloud chart standard line, expect rebound at standard line level of 1.2672!

Note the MACD sell signal, but not yet seen cloud chart sell signal.

AUDUSD: Fighting for support at key level!

AUDUSD: Fighting for support at key support zone of 0.76365. Potential rebound zone, looking at MACD here for next move!
Downside risk towards next key cloud chart support level of : 0.75382!


Brent Crude: Steady grind higher with cloud as support zone!

Brent Crude: Steady grind higher with cloud as key support zone!

A great rally in crude since breaking past top end cloud chart resistance zone at $50. Now the old high of $59.49 is the new support zone. Consolidation risk remain, and do expect pullbacks in this rally. Front cloud still indicate an uptrend.



Tuesday 7 November 2017

GBPUSD: Lost the battle against 1.3216 resistance zone!

GBPUSD: Lost the battle against 1.3216 resistance zone!

Bottom of the cloud is a key resistance zone! Old level of 1.3085 is a key support zone!
Range bound between cloud resistance and old support!


EURUSD: Heading towards 1.1512 support!

EURUSD downside risk towards old cloud chart support zone at 1.1512.

Bottom end of the cloud level is a key resistance zone in the current downtrend!


Saturday 4 November 2017

Xetra Dax: Hit a key point & figure chart target!

Xetra Dax 30 Index: Hit a key point & figure chart target of 13400! Its been a steady grind higher, but beware reversal/consolidation risks at these key levels! A 300 point move to the downside can indicate a trend reversal. The DAX is up by more than 1370 points since the most recent P&F chart buy signal.




Nasdaq Comp Index met a key P&F chart target!

Nasdaq Comp Index met a key P&F chart target!

Consolidation risk remain high at these elevated levels since the Nasdaq Composite index met a major point & figure chart target of 6750 recently. Beware a key reversal on a P&F chart basis to signal the next move.
The index is up more than  1600 points since the initial P&F chart buy signal after the base breakout.



DJI: Close to key point&figure chart target:23550

DJI: Close to key point&figure chart target: 23550.
Consolidation risks are high around long term P&F chart targets, watching the Dow for a key reversal.

The Dow rallied more than 5000 points since the breakout at the P&F chart base.

S&P 500 Index: Slow grind higher to next P&F chart target.

S&P 500 Index: Slow grind higher, with next point & figure chart targets of 2625/2630. But beware consolidation/P&F chart reversal risks. The 2570 zone is a key support zone!


Thursday 2 November 2017

Bitcoin USD up more than $3800 since rebounding from support!

Bitcoin USD up more than $3800 since rebounding from cloud chart support at 3155!

New support zone as indicated by front end cloud support level is: $6180,




Wednesday 1 November 2017