Good morning Steemit! Friday is here and the week draws to a close, let's review some charts

in trading •  7 years ago 

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Good morning traders, TGIF!

Welcome to the last trading day of the week (doesn't apply to crypto traders). But i remind you, we all need rest and a life outside of markets.

Yesterday we saw some key levels tested/cracked on the indices, with the SPX attacking a trendline from december. While that TL can be drawn in many ways, todays close will be telling. USD & indices got hit because of many factors - Donald Trump's council disbanding, rumors of Cohn resigning (fleeing the sinking ship?) and the absolutely horrible terror attack in Barcelona. My thoughts are with the victims and their families.

Today on the data docket we have only Canadian CPI, but nevertheless, this will be an interesting trading session. It'll be interesting to see some Friday positioning.

So let's see some charts!

GOLD daily. We're here! With every subsequent test, this area gets more cracks
gold 1 daily were here.PNG

GOLD m15. The batman pattern provideth. Not of excellent form, but still ;)
gold m15 the batman provideth not the best form but still.PNG

WTI oil trying to get out of channel but faces a retest of a strong trendline
wti h4 trying to get out of channel but faces a stronger retest.PNG

SPX daily. This is the trendline i was talking about earlier. Can be drawn in many ways, so let's just keep an eye on it. Nothing the get excited yet, as we were expecting to test this, but still, get your ammo ready, just in case.
spx daily 2 trendlines because everyone is watching a different one bears dont get carried away yet but neverethelss hold your ammo ready.PNG

USDJPY daily. Self-explanatory, feeling heavy
usdjpy 1 daily.PNG

EURJPY daily. What i'm looking for.
eurjpy 1 daily thoughts.PNG

EURJPY daily another view. The infamously unreliable H&S pattern. I would have liked to see the pattern tilted the other way though. Mind you, i'm not trading this currently.
eurjpy 2 daily hypo 2 unreliable hs and should be tilted the other way.PNG

BTCUSD. Huhuhu, i just had some chills going down my spine. I hope this is not a fake breakout.
btcusd huhuhu i jsut had chills sent fown my spine i hope this is not a fake brakout.PNG

STEEMBTC. Nothing spectacular to report. Holding at support. Watching, waiting, hunting.
steembtc holding nothing to report show us some green.PNG

That's it for now, talk to you later everyone! Trade safe and enjoy the upcoming weekend!

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Steem is going down again, because all quick rich investor moving all there eggs in one basket.

Sure, but i think STEEM will have it's day eventually

I absolutely agree with you, @furious-one. STEEM is very promising. Personally, I believe in its growth in the long term.

STEEM will be $5 again one day.

i believe that by the end of the next month steem will be around 4 dollars ;)

my friday also too good

Thanks for next great review @furious-one. Steem is definitely good coin for long term.

Nice work @furious-one. You seem super bullish on gold. It did crack 1300. Start of a bigger up move do you think?

Nah, not yet mate, the daily reversal candle is crazy. Too many fake breakouts this year, done my ass a fair share of times ;)

This is phenomenal!

Well crafted.

You've hit the mark.

Good morning furios one, here ia hoping steem will griw to 5 bucks till thr end of December. Enjoying your analysis as always.
Take care and i wish you a great weekend 👍

Cheers @ideagenerator, always good to hear from you! Enjoy your weekend!

Thanks, I am enjoying my weekend at work 😂

You've got serious skills.

You've got what it takes.

This is sensational.

This is mind-blowing.

I'm hooked!

Well explained.

You've got a new fan!

steem is not just a crypto currency or a social network , it is a lifestyle

hey , liked the content and upvoted .
Would you please follow me back?

good morning friends, nice post
new image.png

I love this!

I'm speechless.

@furious-one got you a $1.74 @minnowbooster upgoat, nice!
@furious-one got you a $1.74 @minnowbooster upgoat, nice! (Image: pixabay.com)


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