Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
Market Road Maps, USD Road Map
The chart below shows what we have been watching for the past year: the image below is from our USD update on June 5th, 2017. Here is where the market sits as of Friday January 26th, 2018: The market has now dropped down to several significant supports & resistances (s/r’s). Black horizontal s/r that comes […]
WEEKLY VIEW The USDJPY continues within a contracting wedge pattern; the current market nearing the wedges resistance. Since the last highs of the market (Dec 2016) the pattern inside the wedge could be a W or double bottom. The right hand side of the W still has more to go, and could take the market […]
Weekly View Currently watching 2 long term weekly patterns: a potential channel from 2015, drawn from the highs and lows shown on the chart; and an expanding wedge that has held the more or less sideways movement since May 2016. The market sits at channel resistance, breaking up above this could mean the expanding wedge […]
Long Term Weekly Perspective The longer term view of silver shows the market at significant technicals. Starting from the bottom left of the chart, a bright blue trend support can be seen holding the market for a number of years (2003-2009): the current market is now back at this trend s/r, and bouncing from it […]
Longer Term Monthly Last update we had suggested 1360 as the next higher target level to watch. ” Just above the market we can see a convergence of ma’s and BB’s coming together at a blue s/r: this is around the $1360.00 and would be the next significant up target level to look towards.” Our first […]
Market Road Maps, TNX Road Map
Weekly: The last time we updated the TNX we were watching for a potential move lower to fill a gap (yellow highlight). This occurred, and the market now sits at several significant technicals. The pattern for the lift since June 2016 could be seen as a potential expanding wedge, with the market currently sitting at […]
Weekly: USDJPY has been falling from its highs at the beginning of the year. The larger weekly pattern shows a potential contracting wedge, with the market on its way to the lower support of the pattern. Note the fall off from the top pattern resistance has done so in a channel; recent lift having […]
The weekly perspective shows oil in a slightly contracting wedge since about this time last year. Note the orange highlighted lift that precedes the wedge/consolidation, there is potential to see this again when the market completes its sideways move. 2 dashed orange arrows from the current market location project this possibility: the angle and distance […]