AUDUSD Update, May 23, 2017

AUDUSD Daily 2017.05.23

Looking at the 1day chart and the 1week chart, we see audusd continue the uptrend last week, May 15-19, 2017 reaching the highest at 0.7469, Friday, May 19. It would appear now that audusd will further continue the uptrend, audusd having broke the middle of the bbands which is sma20. Also, audusd now is continuing an uptrend trendline that started from the bottom at 0.7328. In the 1day chart, the stoch(5,3,3) has already hit the top but have not reversed down yet but soon will be, while the macd still show uptrend signal.

AUDUSD Weekly 2017.05.23

At this point now, it is then the view that audusd have already made bottom and reversed uptrend. It is now a question of where would audusd now make top and reverse down. Looking at the 1week chart, it would appear that audusd has bounced-up from the long-term uptrend trendline that started from the lowest bottom at 0.6826 and that being so, we can also notice that audusd is now forming a triangle pattern. And so audusd now possibly targets the upside which is the downtrend trendline which is the other side of the triangle.

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Gold Update May 22, 2017

GOLD Daily 2017.05.22

Looking at the 1day chart and the 1week chart, we see gold continue the uptrend last week, May 15-19, 2017. Gold has already reached the highest at 1264.81, Thursday, May 18, and it would seem that gold will still continue going up as gold is still continuing distinctly the uptrend trendline that started from the bottom at 1214.05. In the 1day chart, we now see the stoch(5,3,3) already hit the top but have not reversed yet, while the macd still show continuation of the uptrend signal.

GOLD Weekly 2017.05.22

At this point, it is then the view that gold will still continue the uptrend and with the possible target which is at or just below the downtrend trendline in the chart. At which point, gold would make a top and reverse down which could possibly mean continuation of the long-term downtrend, and which top is a completion of the retracement and consolidation, and so the downtrend continue. On the other hand, if gold will still continue uptrend then it should break the top/resistance at 1295.28 and then to face next the top/resistance at 1337.19.

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USDJPY Update, May 21, 2017

USDJPY Daily 2017.05.21

Last week, May 15-19, 2017, looking at the 1day chart and the 1week chart, we see usdjpy further continue the downtrend instead of making bottom and reversing up, breaking through the middle of the bbands. We now see the resumption of the downtrend, but now we see the bottom at 108.11 which should be one reason for usdjpy to make bottom and reverse up. In the 1day chart, we now see the stoch(5,3,3) show downtrend in line with the continuation of the downtrend from the top at 114.36, while the macd now also show downtrend signal.

USDJPY Weekly 2017.05.21

At this point, again we say that we are again in a triangle pattern where the uptrend meets or collide with the downtrend. With the continuation of the downtrend last week, we can say that the downtrend is again very much alive with the bounced-down at 118.65 which is at the downtrend trendlne above that started from the top at 125.85. So now we wait for usdjpy to continue the downtrend and break the last bottom at 108.11. However, having made strong move down last week, usdjpy has yet to make retracement and consolidation first.

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GBPUSD Update, May 20, 2017

GBPUSD Daily 2017.05.20

Last week, May 15-19, 2017, looking at the 1day chart and the 1week chart, we see gbpusd go flat and sideways however having still uptrend bias. Gbpusd was uptrend last week but slow breaking the last top at 1.2988 on Thursday, May 18 and reaching only the highest at 1.3047, unlike eurusd which soar very much higher. In the 1day chart, we now see the stoch(5,3,3) resume the uptrend last week and is still far from hitting the top, while the macd has bottomed and appears now to resume uptrend also.

GBPUSD Weekly 2017.05.20

At this point, it is then the view that gbpusd will still continue uptrend because gbpusd still show uptrend momentum although quite a little bit slow. Also, looking at the 1day chart, we see gbpusd continue to be on top of the middle of the bbands which seems to be held by it. And with the long-term view that gbpusd is now going uptrend, the uptrend will appear now to continue, and we therefore now watch and anticipate the formation of a new top, if it should be near and forthcoming.

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EURUSD Update, May 20, 2017

EURUSD Daily 2017.05.20

Eurusd quite really show strong momentum last week, May 15-19, 2017, breaking the last top at 1.1022 Tuesday, May 16, and surging very strongly upwards, now reaching the highest at 1.1211 Friday, May 19. In the 1day chart, we now see the stoch(5,3,3) now show uptrend with the strong uptrend move last week and has already hit the overbought area but does not show top yet to reverse down, while the macd also resumed the uptrend signal for the week.

EURUSD Weekly 2017.05.20

So with the strong uptrend momentum last week, it is then the view that eurusd will still continue the uptrend. And with the recent break of the last top, we can now anticipate for a new top. With the downtrend trendline just near above it is very much possible for eurusd to target the said trendline to make a top. Further, we can notice in the 1week chart that for the previous 2 weeks eurusd has made a long banner pattern so it is almost inevitable for eurusd to move further up.

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#Bitcoin Update, May 19, 2017

#Bitcoin Daily 2017.05.19

For the week May 12-18, 2017, looking at the 1day chart and the 1week chart, we see #bitcoin go flat and sideways, with the top made at 1799.08, Thursday, May 11. #bitcoin has made bottom/support at 1582.21, Saturday, May 13, and has again resumed the uptrend, breaking the previous top at 1799.08. It would appear that #bitcoin again show strong momentum and will further push up. In the 1day chart, the stoch(5,3,3) again show uptrend having reverse down from last week’s downtrend reversal, while the macd has also resume the uptrend signal.

#Bitcoin Weekly 2017.05.19

Showing strong uptrend momentum still, it is then the view that #bitcoin will still continue the uptrend. It has been for some time now that #bitcoin has broke the overall top and has push up very much higher. One may now think that perhaps #bitcoin has already reach its top and will now reverse down. But judging from the chart, it would seem that #bitcoin has accumulated so much value now that we can not for now presume that #bitcoin will now reverse down in the long-term. So while we watch as #bitcoin soars to the sky, we watch for some indication for #bitcoin to make top and reverse.

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NZDUSD Update, May 18, 2017

NZDUSD Daily 2017.05.18

Last week, May 8-12, 2017, looking at the 1day chart and the 1week chart, we see nzdusd further continue the downtrend making a new bottom at 0.6817 Thursday, May 11. Nzdusd has reversed uptrend and has now approached the top/ resistance at 0.6968, and being near below the said top/resistance, it is now possible that nzdusd will now make top below the said top/resistance and resume the downtrend to break the last low. In the 1day chart, we now see the stoch(5,3,3) now show uptrend and is divergent, while the macd also show uptrend signal.

NZDUSD Weekly 2017.05.18

So we now wait if nzdusd will now make top and reverse down being below the top/resistance at 0.6968. Although nzdusd has made a strong up move recently, it is the view that nzdusd will still continue the downtrend because it has still momentum down. However, if nzdusd break the top/resistance at 0.6968, then we have the next top/resistance at 0.7052 as the possible next target.

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USDCAD Update, May 17, 2017

USDCAD Daily 2017.05.17

Last week, May 8-12, 2017, looking at the 1day chart and the 1week chart, we see usdcad further continue the downtrend making a lower high at 1.3770, Thursday, May 11. Usdcad has already hit the lowest now at 1.3574 and with down momentum still, it can be presumed for usdcad to continue further down. In the 1day chart, we now see the stoch(5,3,3) show downtrend and is about to hit the bottom yet, while the macd now show downtrend signal and the bbands is already crossed in the middle.

USDCAD Weekly 2017.05.17

At this point, with the top now at 1.3793 and with still downtrend momentum, it is now the view that usdcad has reversed down in the long-term. and be it so where then would usdcad make bottom and reverse up. If usdcad will still continue uptrend, then usdcad will make bottom and reverse up at some fibo level of the up move from the bottom at 1.2968 to the top at 1.3793. Otherwise, if usdcad will not make bottom, then the downtrend will further continue and the downside of the uptrend channel as a possible target.

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AUDUSD Update, May 16, 2017

AUDUSD Daily 2017.05.16

Last week, May 8-12, 2017, looking at the 1day chart and the 1week chart, we see audusd further continue the downtrend finally making bottom at 0.7328, Tuesday, May 9, reversing uptrend. Opening Monday, audusd still continue the uptrend and still show momentum now and audusd has not made a top yet to say that audusd will reverse down. In the 1day chart, we now see the stoch(5,3,3) now show uptrend and have not yet hit top yet, while the macd has now shown uptrend signal.

AUDUSD Weekly 2017.05.16

At this point, it is then the view that audusd will still continue the uptrend and we wait now if audusd will now make top and reverse. While audusd has already made bottom recently, we cannot as yet say that audusd will now continue uptrend in the long-term. At this point audusd nears the middle of the bbands and it would be quite probable that it would bounced-down to resume downtrend as it usually would. Further, looking at the 1week chart, we now see that audusd nears the uptrend trendline that started from the bottom at 0.6826, so that audusd would perhaps target the said uptrend trendline.

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Gold Update May 15, 2017

GOLD Daily 2017.05.15

Last week, May 8-12, 2017, looking at the 1day chart and the 1week chart, we see gold finally made bottom at 1214.05 and reversed up, Tuesday, May 9. We now see gold still going uptrend so now we wait if gold will now make top soon and reversed down to continue the downtrend, or on the contrary perhaps gold will still continue the uptrend to break and target the last top at 1295.28. In the 1day chart, we now see the stoch(5,3,3) going still uptrend with the reversal up, while we also see that the macd has already made bottom and now show uptrend signal.

GOLD Weekly 2017.05.15

It would seem natural and technical for gold to reverse up lately because looking at the 1week chart we see that the bbands is already hit at the middle of the bands so that reversal up is very possible. But where now would gold make top and reverse. We now see the downtrend initiative with the latest top at 1295.28 but then we also see the uptrend which started from the bottom at 1142.08 still alive. But seeing that the last top reversal lies in the overall downtrend trendline that started from the highest top at 1920.20, then it’s more likely that the long-term downtrend continue now and the recent uptrend as retracement and consolidation.

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