This asset has been on a solid decline since the end of 2013, and there really isn't much to indicate a turnaround. Note the small wedge pattern forming. MT is desparetely trying to find footing, but there is a strong downtrend, and it keeps establishing new lows. The MACD crossover indicates that small attempt at a rally starting on 10/02 has taken a turn for...
Price Action, channel, supply & demand and MACD resistance. Example of using different techniques once one has finished. Price action is a fantastic tool.
Confluences: 1/ with the trend 2/ price action: inside candle 3/ resistance of 0.74 & 0.735 tested 4/ fib play 61.8% 5/ bullish MACD divergence 6/ TL bounce (Monitor your trade well as we try to reach at least 0.70)
Confluences: 1/ with the trend 2/ bounce of the upper channelline 3/ 0.6625 as resistance level 4/ Fibonacci 61.8% bounce 5/ MACD bullish divergence Additional: * H&S - pattern on 4H/1H * Weekly high test * Fundamentals are in our favour
GBP/JPY IS APPROACHING SIGNIFICANT RESISTANCE AT 194.59, OFFERING A LOW RISK SHORT TRADE AS A DOUBLE TOP MAY POTENTIALLY FORM. PRICE ACTION PREVIOUSLY SUGGESTED THE 194.59 LEVEL WAS PROTECTED BY SELLERS, A REJECTION OF R1 AGAIN EXPOSES THE DOWNSIDE OF 190.97 (S1) - A BREAK OF THE SHORT TERM TRENDLINE THAT HAS FORMED WOULD ADD EXTRA CONFIRMATION OF FURTHER...
AFTER AUD/JPY RECENT GAP AND TEST OF A LONG TERM 0.618 RETRACE, IT HAS FAILED TO BREAK ABOVE PREVIOUS LOWS; TWO TESTS OF STRUCTURE RESISTANCE AND BEARISH PRICE ACITON OFFERS UP A GOOD RISK REWARD SHORT OPPORTUNITY. A SIGNIFCANT BOUNCE OFF THE NEW 0.618 SWING HIGH/SWING LOW AS WELL AS A BEARISH ENGULFING CANDLE, INDICATES THAT AUD/JPY REMAINS CAPPED BELOW THE...
Why S&P 500 is Bearish: Technical Analysis: -bearish divergence on monthly RSI -bullish momentum is weakening, shown by DMI, both strength and direction, could be divergence too -Stoch shown with blue on PTS is on highest levels -MACD on highest levels and made a cross -Elliot wave says S&P 500 is in fifth stage, look for bearish Fundamentals: -June: --Grexit...
The 8 hr chart (as well as the 1 hr and 4 hr charts) coupled with 3 different indicators - the Ergotic TSI, MACD, and RSI - indicate a bearish trend that may be on the way.
With today's rally we see a divergence in macd in 30 min and 1h charts, I would suggest a sell here and target 1206 or even lower. I would also suggest closing this trade before tomorrows news events in the NY session.
I graphed the trend-line of the histogram for the MACD/Signal Line. There's a characteristic double peak (triple if you count lull in change of price movement after the big peak) that shows a trend reversal. This says to me a downward trend for the next few weeks at least. On the up side, the daily is still above a green (though thin) ichimoku cloud. This...
MYEC has been consolidated above the MA50 the past few sessions with low volume. After winning the best Check innovation award its time to update the chart on some supports and resistances. Support zone in the mid 0.0170's Resistance sits at 0.0220 and 0.0240 MA200 sits at 0.0233 Both the MACD and the money flow has shown positive divergence as seen in previous...
Stochastic and Volume are showing good signs of a probable imminent reversal. The med term macd though is still bearish. My belief is that the price will retest either the 12/03 minimum or the EMA50 before rallying to an other high. If you believe that this is a good long opportunity; I suggest to wait for one of the two ipotesis to open at a cheaper price and...
MYEC has some divergence with both the MFI and the MACD curling up. The RSI however put in a new low last wednesday. Volum is low, but im bullish as long as the 0.0160 level hold as support. First resistance comes in at 0.0177 area.
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
finally a h1 setup has taken shape after price decided to test the big channel top. on lower time frame , a multi day bull trap has been formed and there is a channel within channel confluence already completed , with macd divergence to support. Since I already have prior entries few days back, I will continue to hold and add on shorts within the orange zone. On...