shaxrashid

shaxrashid

On my last BTCUSD (bitcoin) Chart analysis I recommended a short sell from 9850 level, it has since than dropped around 1600 points, it has stayed in line with what was expected of it. For Bitcoin to break the bearish sentiment it has to rally and close at 11800 area for me to believe it is going north of 15000/17000 range. but as of now i am bearish and will be...

shaxrashid

Some more detailed outline on SPX, We will have to see if it breaks the 2740 level and goes beyond toward 2780 or will it stay in the fork and play out as mentioned in the chart

shaxrashid

SPX (S&P) is at the top of the pitch fork and has rallied all the way to the top to the level 2740 which is a critical level and also a 1.61 Fibonnaci level. SPX will face some resistance, it is possible that we see a sell off in the markets today towards the median line of the pitch fork and retest the break of the major trend line.

shaxrashid

Alerted 3 days back to long HENGSENG, HSI Plays out extremely well and more upside to come. We might close the 200 point gap up but expect the trend to be on the up side to wards the yellow median line as of now.

shaxrashid

WTI US CRUDE OIL , looks pretty strong to the upside and has gained momentum in the last few days due to the geopolitical situation. We can expect some upside for this commodity, There is some resistance coming for it, but another 5 to 7% looks quiet bullish. Any geopolitical uncertainty can surely change its course to the down side.

shaxrashid

As described in my chart on 27th April that we can expect a bull run in NASDAQ NDX, it has delivered that rally and will most likely continue till 7000. the pattern looks pretty bullish. So we have too see if any geopolitical uncertainty takes places, otherwise we should expect a smooth sale.

shaxrashid

RUSSELL 2000 Index did exactly what i mentioned in my last 2 charts. we are forming a double top, So its time to see if we are going for a breakout or a double top and shorting from there.

shaxrashid

Hengseng found some support at the 50% fibo level but we will have to wait and see how long it is able to hold that level, We will however eventually see the upside bull run in my opinion as the rallies globally get stronger. We have some down side support on the 200 MA where I see a possible drop first than a rebound to the upside. It can indeed start to rally...

shaxrashid

As i had mentioned earlier in my chart, Russell 2000 has done what was expected of him. Sure it went done first to take out stops but eventually it did not take much time for him to get right back up, we still have more room to the upside left before we see some side ways trading. As its still in the range bound territory so bears will have there way once again as well.

shaxrashid

Bitcoin needs to really push from here and breakthrough this range bound and resistance area otherwise it will collapse entirely all the way towards 2000 area. The rally looks weak and the over head resistance and 10,000 psychology mark needs to be taken out for any upside bullish sentiment to take place. As of now i am very bearish and expect the price to fall...

shaxrashid

Gold is at a very crucial stage and is all set to break the down side support and once again move towards 1235/1265 range, It will take some time for gold to go that low but the pattern looks quiet clear from here that it is finally about to break to the down side, unless it reaches back to 1348 as it has been range bound for so long the price needs to catch up...

shaxrashid

Russell 2000, shows positive signs in the continuation to the up trend. most likely staying range bound but move to the upside. ASX, HENG SENG, IBEX, all had a good start to the week closing positive. US markets look solid to continue the rally, however any major geopolitical news can offset the rally but in the mean time Trend is UP.

shaxrashid

Spain Index sitting at resistance level and trying to breakout by forming a bullish candle. We will see in time if its a fake bullish engulf candle or a real body breakout . A clear breakout will determine whether it is set up close the gaps formed above or will it fall back .

shaxrashid

NASDAQ is in a range bound territory and has a potential chance of giving a breakout above and turn the markets bullish and form a double top. it has resistance on the upside but yesterdays after hours move continuation can change all thay.

shaxrashid

Bitcoin is looking for a breakout from the trend line and turn resistance into support. It is also sitting at Daily 200day Moving averages, So a break above this level is very bullish for BTC to enter a new territory.

shaxrashid

Natural Gas is forming a bearish candle and is range bound for 3 months now. The time is running out for the Time to catch up with Price and give a breakout, Up or Down. From the candles forming a break below at this point is more likely to happen but it all depends on the close of the daily candle at this point

shaxrashid

DAX 30, looking to breakout and fill the upper gap by breaking resistance. A good volume day will eventually breakthrough the resistance and end the range bound trading

shaxrashid

Sugar is nearing its bottom and looks to give a reversal in the coming week's. Expected price close for the 2nd Quarter is around 12.50/13$