Harmonics and Ichimoku Trader: December 2013

Tuesday, December 31, 2013

PSEi Bearish AB=CD - 12-31-2013

Looking at Philippine Stock Exchange Index (PSEi) Yearly Chart, It seems that a Bearish AB=CD Pattern was completed with Potential Reversal Zone (PRZ) around 7400. The last candle stick was a Shooting Star which is very Bearish. I'm looking for the following support for PSEi 38.2% retracement level at 5200, 50% retracement level at 4500 and 61.8% retracement level at 3800.

Thursday, December 19, 2013

USD/JPY Potential Bearish Butterfly Weekly - 12-20-2013

Looking at USD/JPY Weekly Chart, It seems that its forming a Potential Bearish Butterfly with Potential Reversal Zone(PRZ) at 107.843. Ichimoku is showing a extreme bullishness of USD/JPY.

https://www.tradingview.com/v/hHOVq3IT

USDCHF Potential Bearish Gartley Weekly - 12-20-2013

It seems that USD/CHF weekly chart is forming a Potential Bearish Gartley with Potential Reversal Zone at 1.07320.

https://www.tradingview.com/v/gUeXnSfC/

USD/PHP Bullish Bat Monthly Chart - 12-19-2013

Last December 2007 USD/PHP completed the Bullish Bat Pattern with Potential Reversal Zone (PRZ) at 40. On March 2013 the PRZ was retested again. Possible resistance are 38.2% retracement at 46.76, 50.0% retracement at 48.86 and 61.8% retracement at 50.95. Ichimuko is showing a weak bullish sentiment which is the price is above Kijun Sen but below the Kumo.

Tuesday, December 17, 2013

GBP/CAD Potential Bullish Bat - 12-18-2013

It seems that GBP/CAD is forming a Possible Bullish Bat with Potential Reversal Zone (PRZ) at 1.70496. Ichimoku is showing a weak bearish sentiment which is the price is below Tenkan Sen, there is also a previous Chikou Span Resistance at PRZ area.

https://www.tradingview.com/v/Hlts83hg/

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Saturday, December 14, 2013

Copper Bearish Deep Crab - 12-15-2013

Looking at Copper Weekly Chart, It seems that a Possible Bearish Deep Crab is forming with Potential Reversal Zone at 3.687. Ichimoku is showing a Bullish sentiment for Copper.
Kindly check also this article regarding Copper "This is How We Think Copper Will Play Out Over the Next 5 Years - Low $3's for a few more years then Low $4's by 2017".

Thursday, December 12, 2013

GBP/AUD Bearish Butterfly -12-12-2013

GBP/AUD 4Hr Chart: Bearish Butterfly Potential Reversal Zone (PRZ) at 1.8272.

Tuesday, December 10, 2013

NZD/USD Bearish Cypher 4Hr and Potential Bullish Cypher Daily - 12-11-2013

There are two harmonic patterns spotted in NZD/USD. First is the Bearish Cypher in 4Hr Chart, the Potential Reversal Zone (PRZ) was already reached at 0.83358. The second pattern is in Daily Chart which is Potential Bullish Cypher with Potential Reversal Zone (PRZ) at 0 .78895. Ichimoku is showing a bearish sentiment in the daily chart as is price is below the Kumo. There is also a Hidden Bearish Divergence in the daily chart.

4HR Chart

Daily Chart

Monday, December 9, 2013

EUR/JPY Potential Bearish Shark - 12-10-2013

It seems that EUR/JPY Weekly chart is forming a Potential Bearish Shark with a Potential Reversal Zone (PRZ) at 142.77. Ichimoku is telling extreme bullishness.

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USD/PHP Potential Bearish Bat - 12-9-2013

Looking at USD/PHP Daily Chart, It seem that its forming a Potential Bearish Bat with Potential Reversal Zone (PRZ) at 44.62. Ichimoku is showng a bullish sentiment which is the Kumo Breakout. There is also a previous Chikou Span resistance at PRZ area.