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InvestingScope

The 8,485.7 High has crossed the 0.618 Fibonacci retracement point (8,383.30) from the most recent top - bottom on 1D (10,000 - 5,770). That is where the 10,000 High (May 4th) started moving lower towards 5,756.70 on a Channel Down. Based on the 1W Falling Wedge (RSI = 51.503, MACD = -406.000) we expect a similar development (8,691.40 should be the maximum) so a...

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QRLBTC has been aggressively sold near 0.00012 and according to the similar candle patterns seen on the chart, this technically results in a strong sell-off. 1W remains a Descending Triangle (RSI = 43.839, MACD, Highs/Lows, B/BP = 0) looking this time to cross the 0.0000594 December 08, 2017 support. We are shorting here with TP = 0.00004.

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ZRXUSD has just hit the 1.3390 Resistance level on 1D and the Channel Up (RSI = 57.637) has pulled back. This can either be an attempt to form a Higher Low (Highs/Lows = 0.0000) or a 1W bearish reversal (STOCH = 35.072, Williams = -57.526). If 1.3390 breaks, we will go long, TP = 1.5915. If 1.0134 breaks, we will go short, TP = 0.7870.

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ETPBTC has seemingly reversed already after hitting the 0.00029564 Resistance on 1W (RSI = 54.551). 0.00022501 and 0.00019525 are the support levels to watch (the latter is our current short's TP also). If the price action imitates the previous pattern (Jan - March) on 1W then we will have another Resistance test before dropping further. In any case shorting here...

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TRXBTC continues to trade within a 1D Channel Down on a near oversold RSI = 29.498, already having touched the 0.00000435 support and getting closer to the last 0.00000353 support. The neutral 1W RSI = 46.885, MACD = 0.000, B/BP = 0.000 suggest that this is close to an equilibrium point. Long TP = 0.00000618.

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1D has started breaking into neutral levels (RSI = 45.047), covering the MA100, and although the curve took a slight extension, 4H is on adequate bullish levels (ADX = 34.737, B/BP = 1.0760) to justify a strong bullish leg tomorrow. The candle similarities on 1D (see chart) makes for a perfect pattern recognition into a strong bullish candle after tomorrow's Crude...

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DX recovered the 0.50 Fibo spot on 1H adding further selling pressure on another failed top (1.1717). Essentially the price stayed ranged under high 1H (ATR: 0.0019) volatility (Triangle on RSI = 43.294, Highs/Lows = 0) stalling halfway the completion of the projected 4H H&S pattern (RSI = 48.825, Ultimate Oscillator = 49.400). This has created a new successive...

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In the absence of high importance economic news today, Gold traded on a highly volatile (ATR # 2.5186) 1H Triangle (RSI = 49.473, CCI = 23.2037, Highs/Lows = 0.0). This hasn't altered the 4H Channel Down (MACD = -2.800, B/BP = -0.3540) which after pricing its latest Lower High (RSI = 45.930), is ready for a new Lower Low near 1,208 (July 2017 low = 1,208.70) and...

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CHFHUF is on a 1D Channel Up (RSI = 57.732, MACD = 0.384, Highs/Lows = 1.4859, B/BP = 2.9840) and has just printed its Higher Low. Long taken, TP = 286.634 (previous Higher High).

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TRYJPY is on a 1D Channel Down and due to its multi week consolidation (RSI = 47.127, ADX = 17.384, Highs/Lows = 0000) it is near pricing its Lower High. We are short, TP = 21.564.

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NEOBTC is on a 1D Falling Wedge formation (RSI = 31.031), which is slowing down on pace as it approaching the exhaustion point (Highs/Lows = -0.0006, MACD = 0, B/BP = -0.0012). Our approach is to short with TP = 0.002911 and then consider the reversal neat the 0.002000 1W support.

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USDSGD is on a 1D Channel Up that has just priced (or nearly) a Higher Low (RSI = 52.669, ADX = 15.724, Highs/Lows = 0). This suggests that it is ready for a rebound-leg above the previous Higher High at 1.37500. Our long's TP is 1.38500.

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TP hit on the previous short as Coffee C moved below the previous Lower Low at 112.00. The price is still on a long term 1W Channel Down (RSI = 41.160, MACD = -3.390, Highs/Lows = -2.5643, B/BP = -9.5600) with 1D now in need of printing a Lower High (Williams = -45.358, Highs/Lows = 1.2521) between 114 and 117.50. The next TP for our KCU8 short is 100.000.

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SGDHKD is on a 1D Channel Down formation (MACD = -0.016, B/BP = -0.0239) that is near printing its new Lower High (RSI = 48.006, Highs/Lows = 0). Even the 1W pattern indicating a long term selling pressure (Highs/Lows = -0.0442, B/BP = -0.1618, RSI = 38.403). We are taking a short, TP = 5.6600 but on the first sign of a bounce on 5.7088, we will book the profit earlier.

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CHFSGD remains on a 1D Channel Up (RSI = 57.120) although it had to make a deeper than expected Higher Low (MACD = 0.001, Highs/Lows = 0.0014, B/BP = 0.0035, ROC = -0.167). Our TP is stable at 1.3868.

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GBPNZD is trading within a 1W Rectangle (RSI = 50.962, CCI = 5.9779, Highs/Lows = 0). As seen on the chart, even if it makes a run towards 1.96245, there are more bias towards the 1.89307 profit taking line. Our short's TP = 1.89600.

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USDSEK continues to trade inside a long term 1D Rectangle (ADX = 15.631, Ultimate Oscillator = 49.902) and we can continue working within the yellow rays on a medium term scalping approach. For now we are shorting, TP = 8.64012.

InvestingScope

TP = 12.792 hit as SEKJPY continues the very controlled sideways trade on the 1D Rectangle (RSI = 52.414, STOCH = 49.962, CCI = 9.9279, Highs/Lows = 0). We continue to trade within its ~ 12.100 - 12.850 range, opening a short now, TP = 12.283. Even 1W is neutral on RSI, Highs/Lows, Ultimate Oscillator.