Good day Steemers! FOMC minutes released (yawn!), survey about ICO-s and review of technical charts

in #money7 years ago (edited)

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Good morning traders! Backbone of the week has been broken! Let's recap a few things

  • FOMC minutes released yesterday - oh boy, was it a proper snoozefest or what - you can take away anything from these minutes and you still won't be any smarter.

  • A survey conducted among ForexLive visitors by the Finance Magnates Intelligence Department shows positive attitude towards ICO's. Via Forexlive

fm-ico-1.png

Thos whole week has been a little bit of a drag on the events front, so let's focus on some charts instead.

DAX daily. we went too high, too fast. Currently at previous top/resistance. Indices dont play by the rules though, so easy to see it gunning even higher. 13K is a number that needs to be stoprun.
dax 1 daily we are too high needa pullback.PNG

DAX H1 channeling like a flag which suggest aq potential breakout. I would daytrade that breakout but not hold, as this can easily turn ugly in minutes.
dax 2 h1 channel.PNG

EURUSD out of the wedge and into this forming H&S. Too many eyes on this H&S though, so be careful trading these obvious ones, if it were to play out though, this would take us approximately to the 50% fib pullback.
eurusd daily out of wedge and hs forming but too many eyes on this could drop to 50 fib.PNG

WTI oil channeling against resistance that is bound to give in eventually
wti dailychanneling higher against resistance that eventually will give.PNG

XAUUSD that dreaded 1300 area again but we broke out of that channel.
xauusd that dreaded 1300 area.PNG

And finally, STEEMBTC. Damn, expect your account values diminishing even more as STEEM is dropping like a brick
steembtc expect your accout values to diminish even further.PNG

That's it for now with the chart, lets see what the rest of the day brings. Talk to you over in the comments. Trade safe, cut your losses!

Title image from pixabay

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Thanks for the post @furious-one very informative , is steem likely to be a big player in the long run though ? As it's still emerging and has the strength of the social media platform ?

sure, im accumulating steem slowly. are you aware of the SMT (smart media tokens) announced recently, based on steem? i think steem could have a bright future

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