$NZDUSD: Likely to start trending in the weekly here...Powell might have kickstarted a rally -which was already brewing- in the Kiwi/Dollar pair.
I'd reccomend long exposure here, as long as we don't go below today's open, if aggressive, or if moving below the cyan box, if more conservative.
The target is the top of the cyan rectangle, to be reached before the right border is reached, time wise.
Best of luck,
Ivan Labrie.
Timeatmode
Zinc: About to trend up massively like in 2016Interesting long term chart, perhaps related to zinc-air battery tech?
Cheers,
Ivan Labrie.
GOLD: Weekly trend possible...I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term.
Best of luck,
Ivan Labrie.
EDIT: Potential 50% ish upside with 8.3:1 r/r hereI like the odds in $EDIT, strong chart setup in the 2-day timeframe, earning levels give us a nice estimate of overhead resistance. Chart has been basing for a while, and could be ready to break up from here, after coiling for a long time.
I'd reccomend buying into it around here, or maybe buying call options due to earnings risk.
Best of luck,
Ivan Labrie.
EOSUSD: Buy on dips...or buy into strength from higher levels$EOSUSD has an interesting chart here, it seems to be one of the highest potential coins together with $ETH and $BTC naturally, as far as technical patterns go. As far as fundamentals go I'll let others more knowledgeable on the tech behind it comment here if they like, I have heard good things coming from people I respect who are involved in this field.
I'm not in any position here, but would watch carefully for an entry, if buying with cash. I wouldn't sell any $ETH or $BTC for it, personally.
Cheers,
Ivan Labrie.
NZDJPY: Daily uptrend...$NZDJPY has a nice chart signal here, we have already entered longs, but it may give us a second chance to enter or add to longs on dips today or tomorrow. Stops have to be at least below today's open, or slightly lower. Target range is detailed on chart, both time and price. I guess $XAUUSD will be sideways or down for a few days, while $USDJPY rallies. Tomorrow Powell will give a speech, and the RBNZ will publish a monetary policy statement and interest rates decision, as well as publishing inflation expectations data.
The $NZDJPY crooss pair offers a more interesting vehicle to ride the move in #USDJPY with better risk/reward than the majors. You could try to capture upside in risk on assets, the $NZDUSD, or $AUDUSD pairs, or shorting risk off assets, but it might be riskier than this trade...specially considering the relative strength of the New Zealand dollar vs the Aussie dollar for instance (which made me choose this pair over the $AUDJPY counterpart which might also be viable).
Best of luck,
Ivan Labrie.
BTCUSD: Daily, weekly, biweekly, bimonthly T@M breakdownAs in my $ETHUSD chart, this $BTCUSD analysis focuses on Time@Mode signals. We see multitude of signals aligning here, and it's no small deal.
Once we move up from this zone -if we do-, we will have multiple high probability signals indicating we hold long exposure, and even add to it, as $Bitcoin prices soar. Once we reach the 6475 mark things get interesting, specially if we hold above it.
Let's see how things shape up.
Best of luck,
Ivan Labrie.
ETHUSD: Daily, weekly and monthly turning bullish...The $ETHUSD chart is starting to turn around, finally, after a long bear market that started when long term Time@Mode signals expired in December 2017...(Exactly as forecasted back then, and long before we even surpassed the old 2013 ATH)
Now, way in advance of anyone else, we get a very clear bullish picture here. Let's see how things go this time around.
If prices hold over 121 here, the daily remains bullish, with the yellow box targets being reasonable, in time and price, and if we do hold over the cyan box this wekk, the weekly target will become valid, implying a move towards 222-429+ in 7 weeks. If this happens, odds are we trigger a long term monthly uptrend signal as well, which would take us to prices above 5500 possibly...
Best of luck,
Ivan Labrie.
EURUSD: Good potential on the long sideThe euro offers an interesting long entry here, upside if prices hold over the weekly mode, and eventually break out from it (cyan box), we may get to the chart depicted on chart within 10 weeks or less. Daily is oversold, with the proprietary indicator RgMov showing a bullish daily trend, and CCI flashing a buy signal, together with price action signals confirming it as well. Once we see strength, breaking over a previous daily high, we can add to this trade as well.
Cheers,
Ivan Labrie.
#BTCUSD: crypto market down trend has endedBitcoin is sitting right at long term support. With everyone feeling scared or waiting to buy lower, the time is ripe for long term acquisition. The same is true of #ETHUSD.
The last biweekly down trend signal will expire by April but the target has already been met at the very bottom.
My clients and me have been buying for some time now, and trading around short term volatility with a bullish bias. Don't miss out on the opportunities that lie ahead.
If we did indeed bottom we will retest the 6400 area after basing in this range for enough time for big players to accumulate and absorb supply from weak hands.
After that level is hit, if we stay above it, we may break out of it and confirm the new long term bull run has begun.
By then, targets in the 40k+ range become possible, with targets as high as 1m (or just shy of it, so that McAfee loses his manhood) by the end of 2020 are logical as long as the market holds above 6400+-.
Best of luck!
Ivan Labrie.
SQM: Long term potential gains are astronomical...I think $SQM presents investors with massive reward to risk ratios here. Downside is minimal, whereas potential upside is huge. Prices can climb up to $281, in case of a quarterly uptrend, and eventually reach prices as high as $1841.65 over time, whilst paying a hefty dividend as well.
Electric vehicles are a huge source of ever growing demand for lithium, and $SQM is in a prime position to benefit from this trend. There's also the possibility of funds starting to accumulate shares, as new players enter the electric car battery metals ETF market.
Best of luck,
Ivan Labrie.
NGAS: Potentially a massive long term bottom hereI think technicals suggest we could be seeing a huge bottom in $NGAS here, I'm long from this spot, aiming for a retest of the monthly mode resistance above, which will probably send the price sideways for a long time but can eventually result in a strong rally out of this zone, aiming for a surge towards $4+.
Very interesting chart, and certainly not moving together with anything else, which makes it a very good trading instrument to follow.
Cheers,
Ivan Labrie.
TSLA: Trending up...Fundamentals have improved drastically for $TSLA, any dip is a buy for long term investors, as long as you can weather the volatility. Traders would do well buying dips into key earning support, or trading daily trends using Time@Mode signals, buying into oversold extremes, etc.
Daily here shows we have good upside, approximately to the 405 handle. Longer term charts have way more potential, specially considering the cluster of equal highs in the quarterly chart...
I think the quarterly target #1 at $455 might be reached during this daily swing, certainly possible, and might act as an intermediate term top. Perhaps we continue coiling sideways, in the quarterly timeframe at least, which would give us countless trading opportunities in lower timeframes anyways, but would make long term investors wary, since returns might not justify tolerating the wild volatility, yet.
Cheers,
Ivan Labrie.
BTCUSD: Estimated path from here onwards...This is just an application of Time@Mode rules and fundamentals (and sentiment) to plot what the Bitcoin chart will possibly look like over time according to my analysis.
I'll be monitoring sentiment and fundamentals to determine if we do bottom and start basing here, or if we will test the next support level below, since there is an active 2-week time-frame downtrend still active as per the chart on the left. The 2-month bars show a potential level where the next long term mode will form, similarly to the level we saw form at $442 from 2013 to 2015, before starting to trend steadily up when breaking up from it.
The next bull run will also adhere to Time@Mode logic, like any trend does, so we can already guesstimate even how high and for how long it may go, with moderate accuracy right now.
This is subject to change over time, but most of the structure for the trend is already set in place. I expect to maintain 75% of this analysis intact, or more.
Cheers,
Ivan Labrie.
SPX500: Market bottomed here...I think the US stock market has reached a bottom here, likely to revisit recent highs, if still ranging -which is likely-, but very high odds it doesn't break today's low for the time being. I'd rate it at 90% odds. I'm risking a safe amount going long, entered at 2618.3, stop at 2583.5.
Let's see how this pans out over the next few days and weeks.
Cheers,
Ivan Labrie.
USDMXN: Topped as per the weekly timeframe...I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in commodities, EM currencies and weakness in the dollar.
Either way, I'd like to have some exposure to oil and gold, at the very least, but also look into agricultural futures and related stocks, since the trade truce signaled strength might be seen in these markets. Another interesting market to monitor is tech, in particular $QCOM in the event of a merger...I'll be watching $SPY, since I fear it is a bit stretched, and might go back down, if it's still range bound and not trending.
Cheers,
Ivan Labrie.
GBPUSD SHORT@ 128.2CURRENCY: GBPUSD
ENTRY: SELL @ 128.2
MONTHLY TREND: SELL
WEEKLY TREND: SELL
DAILY TREND SELL
ANALYSIS: Alignment on Monthly, Weekly, Daily Trends, Enter at 8 Hour Bollinger
VALID PERIOD: 64 Hours or if daily trend shift
STOP LOSS: No Stop Loss, exit according to Valid Period positive or negative
GDXJ: Daily, Weekly and Quarterly viewI'm long Jr. miners here, together with positions in oil and oil services, and gold, (and probably silver soon). I think we may get a weekly uptrend confirmation to trigger as a result of the jump towards daily targets that is likely to occur within this week.
The move forecasted by the weekly chart would put $GDXJ back at the quarterly time-frame mode, from where we could consider the possibility of prices surging like my quarterly chart show...very lofty targets indeed. I'm holding a 13% position in this stock as of now.
Best of luck if you take the trade.
Cheers,
Ivan Labrie.
USDCAD: Major topping patternI think $USDCAD might be ready to trend down from here and fulfill the long term chart pattern implications. A long term decline back down to the mode in the 6-month timeframe is possible, but won't be a straight line down naturally. Ideally one would seek to short it when it gets overbought in weekly charts, for example, and aim to cover once oversold...rinse and repeat. This will provide countless trading opportunities for those who are patient and know how to read charts using Key Hidden Levels and Time@Mode.
Cheers,
Ivan Labrie.
USOIL: Correction is likely overI think we have decent odds for a bottom in oil here, after some talks about big players indulging in naked put selling surfaced, banks that -violating regulations- sold put options without any kind of coverage. It could have been that the market was being pushed down to margin call the traders behind these leveraged long positions in oil.
Natural gas has surged tremendously since oil topped, which likely is a short squeeze as well, as per @timwest's analysis, but interestingly, the last spike to the upside didn't correlate with a spike to the downside in oil...
Evidence indicates oil has bottomed, holding technical support from fundamental events (OPEC meeting key level price zone), since we haven't plotted daily highs below this zone yet and the decline has slowed down, forming a couple of inside days.
I bought into a few oil related names and oil futs today, my clients have received updates revealing these picks and the entry and sizing earlier today.
Best of luck for us all,
Ivan Labrie.