EURUSD Update, August 19, 2017

EURUSD Daily 2017.08.19

Last week, August 14-18, 2017, looking at the 1week chart and the 1day chart, we see eurusd further continue the downtrend but then shortly breaking the last bottom at 1.1688. Eurusd has not reached the lowest at 1.1662, Thursday, August 17, which perhaps could be a bottom as eurusd now show uptrend. In the 1day chart, we now see stoch(5,3,3) going downtrend still while the macd would now seem to flatten and start to make bottom.

EURUSD Weekly 2017.08.19

At this point, it is still our view that eurusd will continue the uptrend in the long-term because it has strong uptrend momentum. And now having hit or almost hit the bottom side of the bbands, eurusd may now bounce up and so the uptrend possibly resume. So we wait now for eurusd to continue the uptrend noting that the break of the top at 1.1845 will confirm the uptrend. On the contrary, it is also possible that eurusd still continue the downtrend to continue the retracement and consolidation, and we look for some fibo level as clue.

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#Bitcoin Update, August 18, 2017

#Bitcoin Daily 2017.08.18

For the week August 11-17, 2017, looking at the 1day chart and the 1week chart, we see #bitcoin still further continue the uptrend with #bitcoin hitting the highest at 4468.59, Thursday, August 17. #bitcoin has soar so high now that one can’t help but think if #bitcoin will ever hit top and reverse down. In the 1day chart, we see the stoch(5,3,3) again resume the uptrend although it is already on the top, while the macd further show uptrend signal.

#Bitcoin Weekly 2017.08.18

So we wait and anticipate now for #bitcoin to make top and reverse although obviously it still has some momentum to continue up. It is quite frightening how #bitcoin so steeply rose and is still rising. Should #bitcoin continue to rise, will it then fall as steeply as it rose when it make top, or will #bitcoin remain to be high when it hit some top. Or, will it not make top and further continue to rise.

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NZDUSD Update, August 17, 2017

NZDUSD Daily 2017.08.17

Last week, August 7 – 11, 2017, looking at the 1day chart and the 1week chart, we see nzdusd further continue the downtrend hitting the lowest at 0.7251, Thursday, August 10. With the opening of the market for the week nzdusd continue going down and has now hit the lowest at 0.7222. In the 1day chart, we now see the stoch(5,3,3) already show uptrend and even quite early before, while the macd also now start to show uptrend signal.

NZDUSD Weekly 2017.08.17

At this point, we now contemplate uptrend reversal since looking at the 1week chart, we now see nzdusd approaches the middle of the bbands and at which point nzdusd possibly reverses up. With the recent top made however, it is the view that nzdusd will now reverse down in the long-term, because in the 1month chart we now see the bbands hit on the top side so that nzdusd will bounced down. While we contemplate that nzdusd will reverse up, it is the view that nzdusd will now continue down in the long-term and still subject for further updates.

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USDCAD Update, August 16, 2017

USDCAD Daily 2017.08.16

Last week, August 7 – 11, 2017, looking at the 1day chart and the 1week chart, we see usdcad further continue the uptrend finally making top at 1.2777, Tuesday, August 15. Usdcad now show downtrend, will usdcad now resume downtrend or will it still continue to go uptrend. In the 1day chart, we now see the stoch(5,3,3) now show downtrend with the recent reversal, while the macd now also show downtrend signal.

USDCAD Weekly 2017.08.16

At this point, having reversed uptrend we say that usdcad has made sideways movement. So when now will usdcad resume the downtrend or will it still continue the downtrend. With the current sideways reversal, usdcad may possibly still continue the uptrend because we have yet to find some fibo level which should be the retracement and consolidation point. On the contrary, with the current long-term downtrend momentum from the top at 1.3793, then usdcad possibly continue the downtrend. So we wait now where would usdcad further go.

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AUDUSD Update, August 15, 2017

AUDUSD Daily 2017.08.15

Last week, August 7 – 11, 2017, looking at the 1day chart and the 1week chart, we see audusd continue the downtrend now hitting the lowest at 0.7807, Tuesday, August 15. Audusd now show white candle, so possibly 0.7807 will be a bottom and audusd will reverse uptrend. In the 1day chart, we now see the stoch(5,3,3) hits the bottom side and shows flat and may now soon to start to show uptrend, while the macd seem to have made bottom and may now show uptrend signal.

AUDUSD Weekly 2017.08.15

At this point, having broke the nearest top/resistance in the long-term and now making a new bottom, it is then the view that most possibly audusd continue the uptrend to break the last top at 0.8065. In this regard, we see that the recent bottom is in line with the uptrend that start from the bottom at 0.7328, so if the trendline is not broke then the uptrend continue. Also, we note that we are just near above the previous top/resistance at 0.7740, and it may now become support and audusd bounced upwards.

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Gold Update August 14, 2017

GOLD Daily 2017.08.14

Last week, August 7 – 11, 2017, looking at the 1day chart and the 1week chart, we see gold further continue the uptrend finally making top at 1291.97, Friday, August 11. Gold now show downtrend and has now hit the uptrend trendline that start from the bottom at 1204.65. So will gold now continue the reversal down or will gold still continue the uptrend and break the last top at 1291.97.

GOLD Weekly 2017.08.14

In the 1day chart, we now see the stoch(5,3,3) show downtrend with the recent reversal in line with the chart’s wave pattern, while the macd also show downtrend signal. Having made top just below the top/resistance at 1295.84, gold possibly reverses down in the long-term, now to target again to the down side, still continuing the long-term triangle pattern. This we hope to confirm with the break of the said uptrend trendline. On the contrary, if the uptrend trendline is not broke, then the uptrend continue.

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USDJPY Update, August 13, 2017

USDJPY Daily 2017.08.13

Last week, August 7-11, 2017, looking at the 1day chart and the 1week chart, we see usdjpy further continue the downtrend making bottom 108.72, Friday, August 11. The bottom/support at 108.79 is broke and now next is the bottom/support at 108.11. In the 1day chart, we now see the stoch(5,3,3) now show uptrend diverging from the previous bottom, while the macd now also show uptrend signal.

USDJPY Weekly 2017.08.13

Having made bottom at 108.72 and with the bottom/support at 108.11 and with the conditions stated above, it is the view that usdjpy now continue the uptrend. Where now would usdjpy made top and reverse down. Will usdjpy further continue the uptrend and break the last top at 114.49 or would usdjpy make top just below the said top 114.49. At this point, usdjpy now nears the middle of the bbands that it may now reverse down. If it should noy still make top and reverse down yet, then we wait for usdjpy now to hit the top side of the bbands and reversed down.

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GBPUSD Update, August 12, 2017

GBPUSD Daily 2017.08.12

Last week, August 7 – 11, 2017, looking at the 1day chart and the 1week chart, we see gbpusd continue the downtrend however quite shortly. Gbpusd now has reached the lowest at 1.2939 which could now be a bottom because the lower side of the bbands is almost hit and is about to be bounced. In the 1day chart, we now see the stoch(5,3,3) made bottom and now show uptrend, while the macd is flattening and start to make bottom.

GBPUSD Daily 2017.08.12

With the bbands 1day almost hit on the downside and gbpusd now make bottom, it is then the view that gbpusd will again resume the uptrend. Searching for other clues, we find that the lowest now at 1.2939 is fibo50 from the bottom at 1.2588 to the top at 1.3268. Also, it is quite significant that gbpusd now lies along the series of bottoms, so that the uptrend now possibly continue. So we now wait for gbpusd to continue the uptrend.

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EURUSD Update, August 12, 2017

EURUSD Daily 2017.08.12

Last week, August 7-11, 2017, looking at the 1week chart and the 1day chart, we see eurusd continue the downtrend with the top made the previous week at 1.1909. Then, on Wednesday, August 9, eurusd then made bottom and reversed up. Eurusd now show uptrend and it is now the question whether eurusd will resume the long-term uptrend or will it still continue going down. In the 1day chart, we now see the stoch(5,3,3) almost hit the 20 level and start to show uptrend, while the macd still show downtrend signal.

EURUSD Weekly 2017.08.12

It is quite interesting at this point that in the 1day chart we now see the eurusd hits the middle of the bbands so that eurusd makes bottom again and resume the uptrend. With the current strong long-term uptrend momentum, then perhaps eurusd now already resume the uptrend, since it has already hit the middle of the bbands 1day. Also, looking at the 1week chart, we now see that the recent bottom is in line with the current uptrend trendline that started from the bottom at 1.1109. So it is  then our view and position that eurusd now further resume the uptrend.

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#Bitcoin Update, August 11, 2017

#Bitcoin Daily 2017.08.11

For the week August 4-10, 2017, looking at the 1day chart and the 1week chart, we see #bitcoin further continue the uptrend breaking the last long-term top at 2880.59, Saturday, August 5. #bitcoin now still show strong momentum and has now reached the highest at 3809.17. In the 1day chart, we now see the stoch(5,3,3) resume the uptrend and the macd also now show uptrend signal.

#Bitcoin Weekly 2017.08.11

Having broke the last top again, when now will #bitcoin make top again and reverse down. At this point, with the current strong momentum, it is the view that #bitcoin still continue to go up much further. And in this regard, we therefore wait for the formation of a top and that #bitcoin will then reverse downtrend. Incidentally, last week #bitcoin lacks the data for the dates August 6-10 and that trading on #bitcoin is currently disabled.

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