Hey traders. its bin a while since i published a trade. Glad to be back. It looks like USDJPY will go on a down trend. I think the next swing low will go to 1.272 extension and 1.414 inverse (orange box). If the price goes to 618 retracement (after the price hits the orange box) i will look for a sell postition to 1.272 extension. I think the price will go...
USD/CAD seems to be like Forming a Shooting Star but a higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD. According to Ivey PMI... The Ivey Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in Canada. A reading above...
Now looking more like a doji bar than a high test bar, today' price bar has put in a lower high that narrowly missed the 50 ema, but nonetheless is still on point for an entry short. Price has rejected and closed below the 0.618 FIbonacci level to complement this short setup. Entry - below today's price bar Stop - above today's price price Target - 0.7500 which...
DAX still going up from it's last bottom 8400. DAX make last friday after Dragi talk a top in 9400 zone. 9400 is important Fibolevel and heavy support zone early this year . By closing time DAX get support at 9200 level a previous supportzone in februari and april 2014. Dax stay still in bearisch outlook. Lower top 10000 to 9900 to 9400 now. Dax need a higher low...
Notes on the chart. Watching price action for exit indication.
After a period of consolidation in a narrow range possible test the lower trend line. Range after breaking the lower trend line 1.2798 (fibo level).
Due to worse than expected ER, and lowered guidance, and top of all failed $AGN acquisition, it is very possible that $VRX is going to $90-$100 price level. Company is not profitable and even if their international profits rise (mostly Russia and Europe), there are problems in creating sustainable growth.
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
In the past months this pair has been moving in a 500 pips range. At the end of May the pair has started to gradually descend lower.My wiew is that this is just the start of an extended 500 pips bearish move. On the big picture (1Weeek) this bearish trend is just a regular retracement for the larger bullish trend. Since i always back my prediction with...