Good results have sent the price higher than 103, but it still has 125 to beat (a resistance point established 4 years ago).
Technically it could move to 150p
Trend which began in April 2002 almost over. Wait and see.
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the left...
A possible head and shoulders pattern could be forming on an hourly timeframe with AUDUSD, after it is respecting the Fib level of 23.60%. If it forms, breaks it's neckline and plays ball I will be looking at shorting this down to a supply zone and psychological level of around 0.76000
We have the RBA cash rate due tomorrow and forecast is neutral however I will...
you can call it whatever you want, you can draw it however you want, what i see is a change of trend shown by a sequence of lower low lower lows, right after a strong upward trend. Right now i'm waiting for a retest of the broken support that could act as resistance and keep the price from rising further. You'll be updated!
If you have questions/ideas,...
The Asset has produced a head and shoulders pattern, which has already broken out of the pattern, so I would short but watch out for the jobs report tomorrow as the asset already has hit prior support, so if the jobs report is bullish for the dollar then it would be a short position until the lower Fibonacci level.
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new...