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...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
CHF/JPY is consolidating in a controlled pattern, but more importantly the chart is telling a very detailed story that will help us determine where it could potentially go. With that being said, I believe the CHF/JPY wants to continue to go higher.
All in all this chart is a fairly clean bull flag, but what has happened inside the flag is what really catches my...
Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific target and stop loss.
There is a long term bearish trend that indicates that a price action to the downside could take place.
But USD/DKK pair is highly correlated with other major pairs like usd/chf, usd/jpy, it look like usd/chf will go down and usd/jpy up, so which way is it gonna go it can't tell me. But the technical (swing style) analysis are saying to me that there is a long...
We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1.
The...
Idea is based on a combination of Elliot wave theory and median line analysis. This idea is not meant as a trading advice (non of my ideas is!), but rather my thoughts about the progression of price action in the long term.
Are we good to go? Is it a higher low, nicely placed at the lower median line parallel of the blue fork? It looks like CADCHF has found nice support at the 0.382 retracement, which is way above the half-way of the May rally and thus seems to be a factor conducive to further up trend advancement. I find the CAD to be very strong and to have a lot of latent bullish...
10 - Year Treasury Note.
Long entry on Support Line.and 38.2% Fibonacci Retracement
Stop loss below Resistance Line Level.
Take profit at 2.79
See below the links TYX 30 - Year Treasury Bond
Keep an eye on EUR/USD after last week's decision by the European central Bank to wait at least another month before reacting to rising deflation risk.
It spiked higher on Friday but later dropped down below break out area at 1.39500. Dropped below short term moving averages means that sellers took control and it is something to take notice for active buyers.
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US Dollar Index found Support on the 38.2% Fibonacci Level and the Tentative Up Trendline.
US Dollar Index price in between, Up Trend Line and Down Trend Line,.
Is the US Dollar Index going Up or Down?
Time will tell, this situation must be resolved.
See Link - Related Ideas below. EUR / USD correlation, rejected by Resistance Line.
US Dollar Index looks bearish.
If US Dollar Index will close the week under the support lines, 38.2% Fibonacci Retracement and Tentative Up Trendline, more downwards movement could be expected.
I expect this market to either retrace to a lower sliding paralel and then make a nice rally up, or go up right from where it is now. Those new highs didn't make much progres to the upside, so it looks like it wanted to retrace deeper, before it makes any further advancements.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence?
There is also an intraday short setup here as well. Price...
![BTCUSD: [ UPDATE ] Falling Wedge intersected by fib-time lines](https://s3.tradingview.com/m/MCAmv3ex_mid.png "[ UPDATE ] Falling Wedge intersected by fib-time lines")
