Fundamentals are no good for this pair anymorePure price action here. Try to get a tactical entry don't just jump in.
Trend continuation but wait for a bit of sideways consolidation since the last rally may be getting overextended.
Any comment is appreciable. Let me know what you think. Thank you.
Trade safe. Trade well.
Technicals
AUDUSD - Trend Line Break Triggers Long OpportunityAUDUSD has pulled back to a key level of support and last week broke out of the downward sloping trend line. Price looks to be making an Inverse Head and Shoulder pattern and a right shoulder forming on a pullback and re-test of the broken downward sloping trend line could provide a great opportunity to initiate longs up to the next two key areas of resistance highlighted on the chart.
Volatility Breakout in Ethereum Could Signal Further WeaknessThis chart looks at rising levels of volatility in ETHUSD
Rising volatility (blue line) relative to the March peak
suggests Ethereum could have more room to fall against the
dollar. Some near-term support around $250 could be tested
if the fade in Cryptos continues. The recent move lower has
been agitated by weakness in the XLK. However, the days
ahead are shaping up to be a batlle over valuation with
major players lining up on both sides of the market.
ETHUSD / BTCUSD / LTCUSD
$VCPS Wine Club and App Patent Approval Could Send This .01+***$VCPS GROUNDBREAKING WINE INDUSTRY APP LAUNCH***
VCPS is an OTC Pink stock that is current and trademarked in the wine industry with a mobile app; patent pending. The wine industry is expected to continue it’s exponential growth in 2017.
VinCompass seems to have a leg up on this projection with the amount of effort they have put into their brand.
Special Wine club
The VinCompass Signature Series Wine Club is a key component of our members' ongoing wine journeys. Featured wines are true to their places of origin, but also demonstrate innovations in winemaking that make them must-haves for those interested in expanding their wine experiences. While not all the featured wines have cellaring potential, they will all bring delight to your table.
VinCompass Currently has a Wine Club that will bring in substantial income a rundown of which follows:
Wines $50 and under:
3 Per Month $90 Monthly Payment
6 Per Month $180 Monthly Payment
9 Per Month $270 Monthly Payment
12 Per Month $360 Monthly Payment
Wines over $50 but under $100:
3 Per Month $180 Monthly Payment
6 Per Month $360 Monthly Payment
9 Per Month $540 Monthly Payment
12 Per Month $720 Monthly Payment
Wines over $100:
3 Per Month $270 Monthly Payment
6 Per Month $540 Monthly Payment
9 Per Month $810 Monthly Payment
12 Per Month $1080 Monthly Payment
VinCompass is a wine company that is working on a patent pending application similar to Leafly (marijuana) and Zillow (real estate) but for the wine Industry.
Their application is downloadable on both the Android and Apple App Stores. Access to their application is currently by invitation only. Per their website you can request an invitation code via staff@vincompass.com (This is thought as a testing phase before the approval of their patent.)
Their application is patent pending and has been projected to be granted in 2017. The company has been noticeably busy on OTCMarkets as of June 2017 and the CEO has even purchased 18 million company shares at a higher price than it was worth at the time per Form 5. It is thought that the patent may already be granted and they are getting their filings up to date and buying company stock before announcing anything.
USDJPY Reversal (Technicals/Fundamentals)My previous analysis called for USD long last week but this week it looks like we can change from bull to bear after last week price action, economic data and statements made by Fed chair Janet Yellen during two testimonies before congress we can say that we have a weaker dollar for now.
Price rejected major resistance at 114.500 early in the week and has been falling since with majority of the drop coming from bad inflation news on Friday and emails regarding Trump Jr and Russia leaked on Tuesday. We see a nice head and shoulders pattern on the daily chart. Looking for more downside to the 112.000 area. It looks like gold broke out of its downtrend as well on a weaker USD.
XAUUSD Broke Trend- GOLDUsing the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a potential EMA cross would add to the list of confirmations which looks like a possibility. If the dollar continues to weaken 1240 zone seems like reasonable upside target.
$2599 SupportIt is important that we make a close above support of $2599 today. If we don't, the time in which Bitcoin reaches the $3250-$3300 price point that I've predicted must be extended. As of now, we have until July 3rd to reach it. Should we fall below our support today and close OR fall below the support line of my upward ascending triangle tomorrow, that date would be extended by about 7-10 days. And then? More consolidation. Probably back down to $2760 or so at that point.
As always, happy trading.
$2760 - Our level to beat today.Once again analysis here is not tough stuff. Our line in the sand today is $2760. If we close above that, it should be fairly smooth sailing on up to $3250-3300. If we are not able to break through this resistance level today, then we should see more sideways consolidation before moving upwards again. Either way, my prediction still stands, $3250-3300 by the end of June before more consolidation is due. Hang tight all and happy trading.
What is next for TSLA?? Let me begin by saying this Friday's pull back is nothing to be concerned about "yet"... I don't know of a way to tell if TSLA will go up or down from here. But the price action will give us clues as time goes by.
There are many technical terms for what happened Friday in TSLA. I will give you just one, Bearish Engulfing Daily Candle. You can look up the definition but it is often a clue that the stock price is about to go down.
If you have been involved in TSLA since June 5, you are making money for sure. Make sure you don't give it back... If you got into TSLA after June 5 you may be losing money at this point. The best advice I can give you is don't let your losses get too big. There is no telling IF the stock will go lower or HOW MUCH lower it may go. Don't take chances with your investments. Profits should be kept. Loses are meant to be minimized.
Now that I have warned you lets talk about some levels that TSLA may hit before starting to go back up again.
"IF" TSLA is going to go up from here, then $355ish was that level. $354.80 was Friday's low. So that is the level it hit before turning higher. But what if it goes lower?
$351ish - This is the 8day ema. This could be the place where TSLA decides to turn and go higher.
$344ish - This is the most recent pivot. This could be the place where TSLA decides to turn and go higher.
$336ish - This is the most recent support level. It is also the 21day ema.
This could be the place where TSLA decides to turn and go higher.
$327ish - This is where we saw a daily double top in the month of May. This could be the place.
$315ish - This is the 50day ema. This could be the place where TSLA decides to turn and go higher.
I am not predicting any of these levels will be hit. I am looking at the daily chart and sharing levels I think are potential places the stock may decide to turn and go higher. As I said earlier, it may be that $355 was that level where TSLA decided to turn around. In that case, the turn has already happened and it could be up up and away from here...
I was long TSLA options until Friday Morning. Once it went negative on the day I decided to get out of most of my position. I am a big fan of TSLA in the long term. I will look for a place to get involved again. But I refuse to watch my profits disappear because the stock is going down while I am bullish the company... Good luck to all!
EURUSD Wedge timeHey hey!
So far, we're on track. Attached find the yesterday's bounce-up-break-down idea.
Now we're going to check whether we should sell (60%) or buy (40%). Why?
The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough.
I'll be updating you as soon as a trade will be placed.
Tell me what you think in a comment.
$MCOA Making moves Ready for 3rd Major leg up on Weekly Chart.$MCOA QUICK TAKE-AWAYS AND WHY I'M EXCITED!
1. Less than two weeks ago announced an investment of $250,000 for 15% of MoneyTrac Technology Inc.
2. Currently has Investments/Ownership/Joint Ventures with the following companies:
hostedimages-cdn.aweber-static.com
3. $MCOA has its hands in real-estate for growing, brand marketing, hemp product ventures, and more. An area where several of upper management has succeeded before.
4. In April they formed a JV with Bougainville in which $MCOA will invest $1,000,000 into a newly formed entity for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington.Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility, which will accommodate a Tier-3 production and processing I-502 tenant.
5. They completed a PCOAB Audit in late March to get ever closer in their move to the OTCQB Exchange.
6. In March $MCOA continued their national expansion with a production permit in Adelanto, California.
7. They launched their HempSMART website and HempSMART Brain product also this year: www.hempsmart.com
8. Audited Fins for the last two years completed
9. It's up 100,000% since 2015 and STILL going up. This might be the 3rd major leg forming now on the weekly chart.
9. The chart, need I say more? Lol
All in all I am liking what I'm seeing here. Go $MCOA!