The selling interest have repeatedly run out of steam below 50-DMA since January 31.
We did have a daily close below 50-DMA on Feb 17, but that didn’t work out. So why would it work this time…?
Check out the DMI indicator. We have a bearish crossover, which didn’t exist on Feb 17. Furthermore, talk of Scottish referendum is gathering pace.
Thus, a daily close...
Cup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
USDCHF looks to be at an interesting point to me. I'm thinking of going long at 1.0216 (entry would be just above a resistance level at 1.0211, if it manages to break it) with TP at 1.0299 (another longer term resistance level) and a SL at the point I think I would be wrong, which to me is into the body of the last daily candle. At about a half of the ATR on the...
Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends.
This is not a prediction - it is an expectation based on hard facts that are out there.
Yes - the markets are always right as I hold no power over the future. But there is a...
As we saw trumps victory caused huge volatility yesterday , however we are still looking for a target zone of around the 1.23000 area possibly even lower. Im still very bullish on this pair as Im expecting a huge rebound to the upside once we are in the 1.23000 zone. but for now small short position. 100 pips or so.
SHORT TERM long , Im quite bullish on this pair , especially after last nights volatility , we may see AUD move out of its weekly range and possibly hit 0.84000 area in the coming weeks , keep a close eye. Trying to keep charts nice and clean.
Non farm payroll has kept me away from the USD pairs as this pair will be very volatile and unpredictable in the way it moves however I have still analysed it. On the 1 hour window im expecting price to keep moving within the side trend for now and potentially come down to 1.31403 and break below down to1.31073, if not it will come down to around 1.31403 and then...
Selling Potential - Its been struggling to break through the 23.6 Fibonacci levels for more then a month. If that level gets tested and broken I can expect it to rally & hit the trend line. Keep a good look at it to check if the breakout is not fake when alert occurs.
On the daily you can see an M formation being formed which is an indication that a downside will be in order. I have left an order a bit more aggressively but hopefully the reward outweighs the chances of a loss. I will take my profits around the 23.6 % levels. If it breaks that level. I will change my SL to a profit margin to scoop up whatever pips is left.
Pair’s inside day candle pattern followed by a bearish break below Friday’s low of 1.2994 and a drop to 1.2960 suggests the pair is likely to head towards August low of 1.2865 levels over the next few days. This is purely a chart based view and a dovish Fed could of course trigger correction.
i am currently short on nzdusd from today's UK session test of the 50% weekly fib. entry at 0.7475
a possible trend line could form if the reverse continues, price has currently retreated below the weekly 200EMA a close below would be further confirmation.
daily chart is forming a bearish engulfing pattern and a close below 0.74 level further...
British pound was going quite weak following US dollar's retracement, but GBPUSD does not have a clear trend today as the trend on higher time frame is up. GBPAUD, however, has downwards broken key support on 4 hour chart and retested it as a resistance zone. With two weak candle in the yellow box, we may able to find short opportunities with small stop loss after...