the price is in susceptible zone but in long time frame the trend is bearish, because pullback is completed an ma200 is resistance for its other time frames coming soon.
This is a weekly chart back to 1995. As we can see, since 2012, the swings are getting smaller and smaller. This year, USDJPY is on a crossroad. Will USDJPY go up or down? It is very likely that it continues sideways after breaking the lower trend line of the triangle, as it fluctuates around the 112.55 level. When trading this currency pair, we have to be...
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I'm already short on GBPNZD for about over a month still holding. Maybe its time to add some more. Lets see if this is going to work.
We've seen SPY reject the blue line three prior times on the monthly chart. Though the reject already happened on the weekly chart in early November. But, now, if S{Y closes below 208.50 on Monday, then the monthly candle is a doji. I'm more than willing to short it to hell (also known as 199 if 206 breaks). Note I'm not telling you what to do, but I intend to...
So today i decided to look at some more stocks; and here we see TJX inc. This company owns TJMaxx Marshalls and HomeGoods in The US. In their charts we see a forming cypher pattern with the C point resting around $70 a share. Now usually i wouldn't want to trade this over this long of a term , but i have a few things going for me here. The first is a dense...