Only charts

Ripple has rallied during the last 2 hours almost 30% and it still has more room on the upside till 0.28$ BTC on the other side is still trading at 2200$ , ripple is good to hold as long term investment. Ripple/ xrp tokens is in partnership with more than 15 banks and is about to help banks implement the block-chain technology which will help reduce the costs for banks and customers and allow faster processing of transactions and money transfer services.

After releasing data of chicago PMI , dollar weakend on the board versus euro and sterling. Chicago PMI was then revised to 59.2 from 55.2 versus 58 in april so the dollar reversed and euro dropped back to 1.1230$ area which it was trading at before the news. So the pair is signaling a reversal again after reaching daily high at 1.1252$ Shorting euro against the dollar at current level will be very profitable and safe trade as long as we dont close above 1.1250$ on weekly basis. Was that a russian hack as well? Zerohedge thinks so but if that is the case , then fx markets are at big risk.

Below chart on the 1h frame shows the pair reversing and closing above hourly bearish trendline from 1.1260$ , Currently trading at 1.1215$ ... So for short term trade , you might want to wait for a test of the supporting trendline and go long targeting 1.1225$ area, However I dont recommend this trade as the pair is reversing on the weekly chart as shown in this post.

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.

Last week , the pair rallied after bottoming three times at 1.2830$ , reaching 1.3050$ However , looking at the big picture , 1.30$ handle is big game now for sterling and we have bearish trendline still intact. Shorting the pair at current level might bring you big reward , we might go down till 1.2680$ within the next few weeks.  

Hi all ,  This is friday and it is better to leave your accounts clean without any open trades to start next week fresh. I have been buying gold this week anywhere near 1215-18$ and this is beacause of the chart below. You can see there is a daily trend in the make. The yellow metal has fallen almost 80$ since macron winning first round of french elections and there is a minor gap which might be filled in near future. SO I am bullish as long as we dont close below that trendline on a daily basis. On the 1h chart , there is also a trendline being made and you can go long anywhere in the area close to 1223$ . RSI is also showing a trending pattern and this is signaling a rebound to 1240$ as first target after tackling1232$... Feel free to contact me anytime.

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.