Monday 30 April 2018

Xetra Dax: Not out the clouds yet! Slow grind!

Xetra Dax index: Not out the clouds yet! Slow grind towards top end cloud chart resistance.
Front end of the cloud does indicate the start of a downtrend, but could still see old highs be tested.
Need to see a breakout past cloud chart resistance at the top end of the cloud! If not, then there is reversal risk to the downside if cloud chart resistance holds!


FTSE100: Broke past cloud chart resistance!

FTSE 100 index broke past cloud chart resistance at the top end of the cloud! Need to see this level come in as new support to support the move.
Old highs and cloud levels of 7540/7598 are the next key resistance targets!


The FTSE also managed to break past weekly cloud chart resistance. Need to see new support come in at top end of the cloud!


The rally can run into significant resistance at the 7598 zone!

Friday 27 April 2018

GBPUSD:Collapsed past key cloud chart support zone!

GBPUSD:Collapsed past key cloud chart support zone! Welcome to the bears! Price action below the cloud is overall very negative. If prices remain below the cloud then GBPUSD is in downtrend!
Old lows next new supports zones to be tested!


Thursday 26 April 2018

S&P500 Index: Having a hard time rebounding from old support lows!

S&P500 Index: Having a hard time rebounding from old support lows!

Bottom end of the cloud remains a key resistance zone, with potential for the index to rebound from old support lows, and test these resistance levels!

Overall price action is below the cloud which is negative from a cloud chart perspective.


Turning to the weekly cloud chart, here the rally is still in tacked for price action is above the top end cloud chart support zone. There is downside risk towards the top end cloud support levels with a potential rebound from those levels!


Dow Jones 30 Index DJI:Having a hard time to get past cloud chart resistance!

The Dow Jones 30 Index DJI  is having a hard time below the cloud. Price action below the cloud is overall negative from a cloud chart perspective. Bottom end of the cloud remain a key resistance zone for the Dow and the top end of the cloud (24988) a key line in the sand so to speak.

Short-term rally possible back up to the bottom of the cloud to test resistance. so far the index has rebounded from old support levels, and if that remains in place I do expect the bottom end of the cloud to be retested for resistance!


The weekly cloud chart still bullish for price action is above the cloud!
Support zone is around the old lows of 23700, with resistance at the 24988 zone, and top end of the front part of the cloud! Downside risk towards top end cloud support remain in place.



FTSE100: Fighting cloud chart resistance at 7430!

FTSE100 index fighting resistance at top end of the cloud chart resistance zone: 7430! Need to see a breakout past this level, if not then downside risk increases back down to bottom cloud chart support zone!

We had a nice rally since rebounding from old cloud chart support lows, but now is crunch time at the top end cloud chart resistance!

The weekly chart indicate that the FTSE100 is stuck at resistance at the top end of the weekly chart! Need to see a breakout past cloud chart resistance. If not, then downside risk remain in place towards the bottom cloud support zone!



Xetra Dax: Fighting resistance at top end of weekly cloud!

Xetra  Dax having a hard time to get past the 12661 resistance zone at the top end of the cloud! Need to see a breakout past this level. Dax in trouble as price action still stuck within cloud chart resistance.

Outlook at the front end of the cloud is bearish! Could see more downside if the Dax does not breakout of cloud chart resistance!

On the daily chart, the Dax is range bound within the cloud, with the top end cloud chart resistance zone at 12663/12798, and bottom end cloud chart support zone at 12186!
We need to see a sustained breakout past cloud chart resistance! Downside risk remain in place!
Expect a re-test of upside resistance!




Tuesday 24 April 2018

BTCUSD: Bitcoin fighting hard to get past cloud chart resistance!

BTCUSD: Bitcoin fighting hard to get past cloud chart resistance at the top end of the cloud at 9112. BTC in the process of breaking past this key level. Need to see this resistance zone as a new support zone! Critical few days ahead to see if BTC will remain above the cloud!

BTC is up $2376 (+34%) since the cloud cross buy signal on the 4H chart.

Friday 20 April 2018

TQQQ: Not a good day, it needs to regain cloud support at 155!

TQQQ: Not a good day, it needs to regain cloud support at 155! The TQQQ lost support at the bottom end of the cloud! The TQQQ needs to regain this level! Critical day/week ahead.

Price action below the cloud is overall negative.


Bitcoin: BTCUSD Key cloud chart resistance zones to test!

Bitcoin: BTCUSD Key cloud chart resistance zones to test!

BTC is getting closer to key cloud chart resistance zone of 8827/9112, key cloud chart levels!

Need to see a breakout past these levels, if not downside risk remain in place, for price action is still taking place below the cloud!


Wednesday 18 April 2018

BTCUSD: Bitcoin getting close to cloud chart resistance zone!

BTCUSD: Bitcoin getting close to cloud chart resistance zone at bottom end of the cloud: 8827, a key resistance zone! Can see a reversal at that level if resistance holds, that's the downside risk.

On the upside, the rally can continue provided we see a sustain breakout past bottom cloud chart resistance zone!

Price action is still below the cloud, and this is overall negative. If resistance holds at 8827 we might see a reversal to the downside.






TQQQ: Fighting resistance at bottom end of cloud!

TQQQ: So far so good, fighting resistance at bottom end of cloud after rebounding from old cloud chart support lows. Top end of the cloud at 170 is the next key resistance zone provided that 155 the bottom end level of the cloud becomes a key support zone! Its currently testing this level for support!


Monday 16 April 2018

Xetra Dax: Grinding deeper into cloud chart resistance zone!

Xetra Dax: Grinding deeper into cloud chart resistance zone after rebounding from old lows and cloud chart support levels. Top end of the cloud is now the new resistance target!


FTSE100: Fighting resistance at bottom end of the cloud!

FTSE 100 After rebounding from old cloud chart support levels, the FTSE 100 is now fighting resistance at the bottom end of the cloud. Cloud is a key resistance zone! Need to see a breakout past cloud level, if not, downside risk remain!


Friday 13 April 2018

BTCUSD: Bitcoin having a little recovery rally!

BTCUSD: Bitcoin having a little recovery rally towards bottom end cloud chart resistance zone!

BTC managed to break past the cloud chart resistance on the 4H chart! So far so good.

Wednesday 11 April 2018

DJI: Dow Jones 30 Index slow grind higher after rebounding from support!

DJI: Dow Jones 30 Index slow grind higher after rebounding from support! DJI rebounded from old lows and key cloud chart support levels. Next key resistance zone to watch is the bottom end cloud chart resistance zone!


SPX: S&P 500 slow grind higher after rebounding from cloud support!

SPX: S&P 500 slow grind higher after rebounding from cloud chart and previous old lows levels of  support!

Bottom end of the cloud is the next key resistance zone to test!


Monday 9 April 2018

Bitcoin Cloud Chart Analysis 9th April 2018

Xetra Dax: Fighting for support at critical support zone!

Xetra Dax fighting hard for support at old lows level of 11868, with downside risk towards bottom end of the weekly cloud chart level at 11567!
Looking for a potential rebound from cloud support levels!


FTSE100:Fighting hard for support at bottom end of the cloud!

FTSE100:Fighting hard for support at bottom end of the cloud! Critical week ahead as the index is fighting hard to hold on support at the bottom end of the weekly cloud!

Looking for a rebound from cloud support!




Friday 6 April 2018

DJI: Dow closing the week around key cloud chart support zone!

DJI: Dow closing the week around key cloud chart support zone at front cloud chart levels!

Need to see more support come in at these levels next week. Short-term upside potential!


Thursday 5 April 2018

BTCUSD Bitcoin: Fighting for support at old cloud chart support zone!

BTCUSD Bitcoin: Fighting for support at old cloud chart support zone of 6656, with downside risk towards 5661 if support fails at this level!

Critical week for support to come in at these old support levels for a potential short-term rebound back up towards bottom end cloud chart resistance zone!

Overall price action is below the cloud, which means an overall bearish picture!


Bitcoin USD: Close to 6400 point&figure chart target!

Bitcoin USD: Close to 6400 point&figure chart target!
Next target is 5800 in current downtrend. A P&F chart reversal of 600 to the upside will change the trend, bit its down for now based on P&F chart analysis!

Looking out for those P&F chart reversals!



Wednesday 4 April 2018

Tuesday 3 April 2018

S&P 500: SPX Close to key support zones!

S&P 500 Index trading close to key old lows and cloud chart support zones! Can see a short-term rebound from these levels!  Price action is below the cloud, and this is overall negative!

Nasdaq Composite: .IXIC Rebound potential from old lows!

Nasdaq Composite: .IXIC Rebound potential from old lows! Front cloud support zones give and indication as to where support is and for a potential rebound!


TQQQ: Getting very close to old support level:121!

TQQQ: Getting very close to old support level:121! Can see a short-term rebound close to this level!

Looking at the top end of the weekly cloud chart for a key support level and potential rebound!


Fang+Index: FANG stocks fighting hard for cloud support!

Fang+Index: FANG stocks fighting hard for cloud support at bottom cloud chart support zone of 2352. Downside risk to next key support zone remain a key risk. Other levels to watch for potential support is at 2304/2283!




Xetra Dax: fighting hard for support at old support zones!

Xetra Dax: fighting hard for support at old support zones!

Overall price action is still weak, Need to see a rebound from these support levels, back up towards bottom end cloud chart resistance zone!



There is downside risk towards the bottom end of the cloud at 11567 on the weekly cloud chart!

FTSE100: Remain in trouble as its fighting for support!

FTSE100: Remain in trouble as its fighting for support at old cloud chart support levels! Bottom of the cloud is a key resistance zone.
Since price action is below the cloud, the overall picture remain negative. with short term rallies possible to the bottom end cloud chart resistance zone!

The outlook for the weekly cloud chart is overall negative. So far there are multiple downside support targets that the FTSE100 index can drop down too. We need to see support come in otherwise this downtrend that is in place will accelerate towards the 6688 old cloud chart support zone! That's the downside risk in the current correction!