After the sudden steep decline of the EUR yesterday during the ECB interest rate conference, the EUR seems to have gone into consolidation vs the Yen, Dollar and Pound. Both the Stochastic and the fast EMA are indicating reversal intent but we're going to have to wait and see.
Check those breakouts and don't let yourself get caught with a fakeout.
For more ideas...
Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit.
Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...
A longer term channel (darker blue) as well as the shorter term channel are both being tested at the very strong resistance.
Also, there is a strong horizontal price magnet at 16.20, probably will hold.
Obviously we saw on Thursday the very strong bull spike. Price action would probably say this is an exhausted bull.
However, we may also get a short term...
The GBP/CAD has been stuck in a 400 pip range for most of 2014.
This morning, the pair reached its 200 Day Simple Moving Average (Daily Chart) which also happens to be the range low for the pair as well.
On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr...
The Boeing Company (BA) delivered upbeat second quarter 2014 results backed by robust deliveries. The company reported adjusted second quarter 2014 earnings of $2.42 per share, beating by 19.8%. The quarterly number rose an impressive 44.9% from $1.67 per share a year ago.
Candle is in red on good earnings telling us about weakness. And the chart confirms this...
Seems to be trading in an upward range for 5 years.
You can find a spot around August where it usually bottoms and then moves higher
Target entry: $60-61
Exit: $74
Price just broke out of a range, in addition to breaking a Fib retracement drawn from last July. I am looking for a pull back before adding to my short position (short began at 1.3895 4/11/14)
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...
AUD/USD after it broke up neckline of Head&Shoulders pattern and consecutive move up, then entered into wide range with major support at 0.92000. Now, it is building nice upper-level base and preparing for break up of this major consolidation range with resistance around 0.94600. The longer it holds upper level support at 0.93273, the higher is probability that we...
AUDUSD was in an uptrend since approx the beginning of the year. In May the pair failed to make a new high and since then began a range, which broke the trendline. The new recent high made at the beginning of July looked to restart the trend, but instead signaled bearish divergence, as the the RSI failed to make a new high as well.
I am waiting on a little pull...
The MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this...
Long at the open breakout - but possible expect retest of weekly open and looking to travel towards the 140 areas...is what i expect.. but no guarantees. Here is my attempt of how i arrived at this expectation.
Based on the higher time frame analysis of a weekly chart you will see horizontal support - last week low at 137.50 and a close back above at around...
Carefully adjusted fibchannel and timefibs.
Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments)
0.618 - 0.764 time fibs mark a potential breakout area.
Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways.
So moon rally likely to start in august.
Investors are holding the support at 1.3585. Inflation dropped at 0.5% (0.7% estimate) and unemployment rate dropped at 11.7%. From the TA perspective I saw an descending triangle. A break bellow the support would clearly be a negative signal for the future price action.
For the moment I am still waiting for stronger signals - When in doubt, better stay out!
The Biotech ETF has been hovering around 8 and 21 day EMA to build a tight range. Mixed action but still above 200 EMA at $222.30 which acts like support.
Powerfull breakout above $233.80 could attract more buyers.
But I will be watching both sides.
Daily chart: head and shoulders resolved to upside after it broke neckline at 0.91000. We had follow through to 0.94610 then entered into complex pullback (bull flag) which was broken up with potent, igniting candle and now it is building nice upper level base above all key moving averages.
Shorter-term tech analysis:
Pair entered into rnage bound market sith...
Last Signal
Green Triangle Up = Long Signal
Stop 24 ticks
Using the MT AutoFibGrid for your trade management target and trail zones
BreakEven Zone = 23% 101.82 - reduce risk by 50% -
move stop to -12 ticks
Target 1 = 101.95 to 102 - High
Target 2 = f50% 102.16
trail to below f23.6% at f50%
Range Grid Below Shows we are 50% of the session range - before the...
![BTCUSD: [ SIDEWAYS ] - Fibchannel + Timefibs](https://s3.tradingview.com/j/JxbyuYhA_mid.png "[ SIDEWAYS ] - Fibchannel + Timefibs")
