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Chinkou Span line came to historical rice for possible breakout on D1 timeframe. But the price is located inside Ichimoku cloud/kumo with flat or ranging market condition for the few past days. Market Rally was started on Friday but on open bar onle,...
Bitcoin prices plunged on Friday, after Tokyo-based Bitcoin exchange Mt. Gox was forced to halt all Bitcoin withdrawals due to an "increase in withdrawal traffic."
According to a memo on Mt. Gox's website, "In order for our team to resolve the withdrawal issue it is necessary for a [temporary] pause on all withdrawal requests to obtain a clear technical view of the current processes. We apologize for the sudden short notice."
It promised an “update” on Monday, February 10, Japan time.
Chinkou Span line of Ichimoku indicator came in very close way to historical price for future possible breakout on D1 timeframe. D1 price is located in Ichimoku cloud/kumo trying to break Sinkou Span A line (one of the border of kumo) for bullish...
NZDUSD D1 price finished this week by good breakout : price broke few resistance levels and went to Ichimoku cloud/kumo for breakout continuing up to bullish reversal, orfor future possible ranging within Ichimoku cloudIf we look at W1 and H4...
USDCHF Technical Analysis (based on dailyfx article)
-The USDCHF may have completed a corrective decline from the 2012 high in late December. The decline is in 3 waves, channels in a corrective manner (connect the origin of waves A and C and project a parallel from the terminus of wave A to project the terminus of wave C), and consists of 2 equal waves (would be exactly equal at .8888…the lowest weekly close was actually .8885). -The break above the trendline that originates at the July high adds credence to a larger trend change but the rate remains capped by the June and August lows. Important levels in the near term include .8940 and .9100.
USDCAD trades into support (based on dailyfx article)
-Measured objectives from the breakout above the 2011 high range from 1.1680 to 1.1910. The Jul 2009 high rests in this zone at 1.1724 and the 2007 high is near the top of the zone at 1.1875. -From an Elliott perspective, it’s possible that the rally from the 2012 low composes a ‘3rd of a 3rd (or C)’ wave from the 2007 low. -The close above the line that extends off of the 2002 and 2009 highs as well as the close above corrective channel resistance add credence to the 3rd of a 3rd wave position. -USDCAD is at support now.
USDJPY ends the week at long term trendline (based on dailyfx article)
-“USDJPY is respecting the gap from October 2008 at 105.30. This level and the outside day seen on January 2nd should at least warn of a pause in the uptrend.” -USDJPY finishes the week right at the trendline that connects the lows from November 2012 and October 2013. The decline from the top is a wedge, so a return to 103.85 or even 104.80 could be in store sometime this month. Near term, price ends the week at resistance (102.24/50). I’d expect support at 101.63/77. -Longer term, there is an Elliott case to be made for a return to the 4thwave of one less degree. The range spans 93.78 to 96.55.
NZDUSD Technical Analysis (based on dailyfx article)
-So much for the break below .8100. NZDUSD took back all of last week’s drop (mostly on Tuesday) this week. Price is back in the middle of the range…within the larger range. -.8335/77 is possible resistance. I’d expect support at .8237.
AUDUSD Technical Analysis (based on dailyfx article)
-The next major target in AUDUSD is .7937. This target is determined by the .8847-.9757 range (.8847 – (.9757-.8847). Interestingly, the 50% retracement of the decline from the 2001 low registers at .7927. ‘Chartwise’, the 2010 low is at .8067. Significant demand may not exist until this zone. -The rate carved a doji on Friday after trading into the 12/6 low of .8989. The 1/3 high at .9004 is possible resistance along with the line that extends off of the December and January highs. Failure to stay below .9085 would open up .9167-.9267. -If the trend has turned higher then expect .8870 to hold as support next week.