GBPUSD Update, June 24, 2017

GBPUSD Daily 2017.06.24

Last week, June 19-23, 2017, looking at the 1day chart and the 1week chart, we see gbpusd continue the downtrend making a top at 1.2813, Monday, June 19, effectively bouncing down off the top/resistance at 1.2817. Then on Wednesday, June 21, gbpusd made bottom at 1.2588 and now gbpusd appears to be going uptrend. In the 1day chart, we now see the stoch(5,3,3) resume the downtrend and has yet to reverse up while the macd has already made bottom but has not reversed up.

GBPUSD Weekly 2017.06.24

At this point, with the recent bottom 1.2588, will gbpusd now resume the uptrend, seeing the bottom/support at 1.2365, or wlll gbpusd further continue going down and make a new bottom. With the current downtrend momentum and the inverted banner chart pattern, it is the view then that gbpusd will still continue the downtrend. However, gbpusd now show strong uptrend momentum which could indicate continuation of the uptrend. So either way, then if gbpusd breaks the top/resistance breaks the top/resistance at 1.2717 then for sure the uptrend continues.

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EURUSD Update, June 24, 2017

EURUSD Daily 2017.06.24

Last week, June 19-23, 2017, looking at the 1day chart and 1week chart, we see eurusd further continue the sideways movement making bottom at 1.1118, Tuesday, June 20, which is just above the bottom/ support at 1.1109. Eurusd is now going uptrend and show strong momentum reaching now the highest at 1.1208. In the 1day chart, we now see the stoch(5,3,3) hit the bottom already and now show uptrend, while the macd has also hit bottom and will now soon show uptrend.

EURUSD Weekly 2017.06.24

At this point, with the recent momentum and reversal up, it is now the view that eurusd will now resume the uptrend because eurusd has strong momentum in the long-term. Also, looking at the charts.we now see eurusd bounced the trendline resistance which now will become trendline support. So we wait now for eurusd to continue the uptrend and break the top/ resistance levels above. On the contrary, it is still possible for eurusd to continue the downtrend.

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#Bitcoin Update, June 23, 2017

#Bitcoin Daily 2017.06.23

For the week June 16-22, 2017, looking at the 1day chart and the 1week chart, we see #bitcoin continue the uptrend with the new bottom made at 2242.17 Thursday, June 15. However, #bitcoin appears now to slow down and go sideways with the top/ resistance at 2735.67. But then #bitcoin still forms the uptrend trendline that started from the bottom at 2242.17. In the 1day chart, we now see the stoch(5,3,3) show uptrend but has yet to make top to reverse down while the macd has also shown uptrend.

#Bitcoin Weekly 2017.06.23

At this point, with the continuation of the uptrend. will #bitcoin further continue the uptrend and make a new bottom or will #bitcoin bounce down with the current top/resistance at 2735.67 and continue the downtrend. With the strong momentum up, it is the view that it is more possible then for #bitcoin to continue uptrend. So we wait now for #bitcoin to continue the uptrend and break the top/resistance 2735.67 and ultimately make a new top.

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NZDUSD Update, June 22, 2017

NZDUSD Daily 2017.06.22

Last week, June 12-16, 2017, looking at the 1day chart and the 1week chart, we see nzdusd further continue the uptrend, breaking the last top at 0.7222, finally making a new top at 0.7319 Wednesday, June 14, with the weak usd news release. With the opening of the week, we see nzdusd make bottom at 0.7185 and then make lower high at 0.7297 so that possibly nzdusd will reverse downtrend with the top now at 0.7319. In the 1day chart, we now see the stoch(5,3,3) already made top and now show downtrend, while the macd has also made top but has yet to show downtrend signal.

NZDUSD Weekly 2017.06.22

At this point, we now see the downtrend trendline just hit above, so with the recent top we speculate for nzdusd to bounce down the trendline and reverse down. However, on the contrary, nzdusd show strong momentum uptrend long-term and with nzdusd going sideways recently nzdusd possibly continue uptrend. So we wait now for nzdusd to continue the downtrend and if nzdusd break the bottom/support at 0.7185 then the downtrend continue.

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USDCAD Update, June 21, 2017

USDCAD Daily 2017.06.21

Last week, June 12-16, 2017, looking at the 1day chart and the 1week chart, we see usdcad go downtrend with strong momentum, breaking bottom/support at 1.3387. With the weak usd news release Wednesday, June 14 last week, usdcad further go down reaching the lowest at 1.3164, which is now a bottom with usdcad going sideways. In the 1day chart, we now see the stoch(5,3,3) made bottom and have reversed uptrend with the bottom made while the macd has also made bottom and have reversed up also.

USDCAD Weekly 2017.06.21

At this point, with the recent sideways movement, it is then the view that usdcad will still continue the downtrend. Looking at the 1week chart. we now see that usdcad forms an inverted banner pattern so that it is more likely for usdcad to continue downtrend. Also, we see that the bbands 1week has yet to hit the downside for usdcad to bounce upwards. So we wait now for usdcad to finish the sideways retracement after which usdcad will continue the downtrend.

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AUDUSD Update, June 20, 2017

AUDUSD Daily 2017.06.20

Last week, June 12-16, 2017. looking at the 1day chart and the 1week chart, we see audusd further continue the uptrend breaking the top/resistance at 0.7610, and now reaching the highest at 0.7635, Wednesday, June 14. With the top at 0.7635,  audusd has gone sideways and now where would audusd continue. With the sideways movement, audusd now possibly continue the uptrend. In the 1day chart, we now see the stoch(5,3,3) seem to continue the uptrend while the macd has not yet made top and may still continue uptrend.

AUDUSD Weekly 2017.06.20

At this point, it is now the view that audusd will still continue the uptrend because it has still uptrend momentum from last week’s weak usd news. So we wait now for audusd to continue the uptrend and break the last top at 0.7635. Just near above we now see the top/resistance at 0.7679, by which audusd should make top below it and reverse down. Also, it could also be possible now for audusd to make double top now should it not continue uptrend.

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Gold Update June 19, 2017

GOLD Daily 2017.06.19

Last week, June 12-16, 2017, looking at the 1day chart and the 1week chart, we see gold continue the downtrend reaching the lowest at 1251.26, Thursday, June 15. In the 1day chart, we now see the stoch(5,3,3) already hit the bottom but has not reversed yet, while the macd still continue to show downtrend signal from the latest top. What maybe curious now is the bbands which is almost hit on the lower side.

GOLD Weekly 2017.06.19

At this point, with the recent top made and the downtrend momentum, it is then the view that gold will still continue the downtrend although the lower side of the bbands is almost hit already. Down below we now see the bottom/ support at 1214.05 which should be the target for reversal, at which point gold should make bottom just above it and reverse up. Now looking at the 1week chart, we now see again the formation of a triangle pattern with the downtrend above colliding with the uptrend below.

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USDJPY Update, June 18, 2017

USDJPY Daily 2017.06.18

Last week, June 12 – 16, 2017, looking at the 1day chart and the 1week chart, we say that usdjpy continue the uptrend because with the weak usd news release, Wednesday, June 14, with usdjpy falling further down, usdjpy was able to recover imme- diately and now usdjpy has already reached the highest at 111.39. In the 1day chart, we now see the stoch(5,3,3) continue the uptrend, while the macd has now shown uptrend signal, macd having made bottom already.

USDJPY Weekly 2017.06.18

At this point, it is now the view that usdjpy will continue the uptrend because with the downtrend that start from the top at 114.36, we have yet to see some completion of some retracement level to say that usdjpy has already made the retracement and consolidation. Also, we now see the downtrend trendline above which could be the target for reversal down. So we wait now for usdjpy to continue the uptrend, and also on the contrary, usdjpy may have already completed the retracement and consolidation, so usdjpy will now continue the downtrend.

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GBPUSD Update, June 18, 2017

GBPUSD Daily 2017.06.18

Last week, June 12-16, 2017, looking at the 1day chart and the 1week chart, we see gbpusd go sideways uptrend with the bottom made the previous week at 1.2634, Friday, June 9. Gbpusd further surge upwards Wednesday, June 14, with the weak usd news release, reaching the highest at 1.2817, which would now seem to be a top because with the weak usd news, gbpusd has quickly fell back and now a new top would now seem to form which would bounce-off the said high 1.2817.

GBPUSD Weekly 2017.06.18

In the 1day chart, we now see the stoch(5,3,3), reversed shortly uptrend from the bottom made at 1.2634, while the macd on the other hand has showed flat. At this point, it is the view that gbpusd will now resume the downtrend with last week’s flat and sideways as retracement and consolidation from the last bottom at 1.2634, because gbpusd will now appears to bounce down the top at 1.2817. Also, the previous week’s downtrend momentum due to UK’s election results forms an inverted banner, so continuation of downtrend would seem to be imminent. So we wait now for gbpusd to continue the downtrend and bounce-off down the top at 1.2817.

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EURUSD Update, June 17, 2017

EURUSD Daily 2017.06.17

Last week, June 12-16, 2017, looking at the 1day chart and 1week chart, we see eurusd further continue the downtrend although quite shortiy. Eurusd now has reached the lowest at 1.1131, Thursday, June 15, which is just above the bottom/support at 1.1109. In the 1day chart, we now see the stoch(5,3,3) further continue the downtrend and although already in the bottom has yet to reversed up, while the macd also still continue downtrend signal.

EURUSD Weekly 2017.06.17

At this point, it is the view that eurusd will still continue the downtrend because even though eurusd show strong uptrend momentum with the weak usd news Wednesday, June 14, where eurusd has hit the highest at 1.1295, breaking the last top at 1.1284, eurusd quickly fell back, losing what it has gained with the dollar. So we wait now for eurusd to continue the downtrend, and if it be so then we watch next for the formation of a bottom for eurusd to reverse up.

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