The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.
just a simply chart with the price evolution in weeks terms.
In this chart we see 50 day ska support plus S1 Fibonacci support. I am looking for a remount of the 20 day sma. Stochastic is oversold and looking to curl up. We also see a slow orderly pullback and the volume pattern is also very positive.
The aussie has been sliding hard for the last few days but now we are close to big supports! Will big investors and banks cash-out their trades and get the profit from shorts? Lets watch 0.8064 and 0.7988 (red horizontal lines). Also the pitch-fork line is in that zone, RSI at 30 line and Stochastic getting in the lower zone.
UPDATE: The price didn't stay above $315 for 24 hours as I mentioned as rule to enter the trade. Instead the price flash-crashed a few hours later down to $304.99. This renders my entire "bottom trading" idea posted here invalid. The goal of this bottom trading strategy is to avoid risk and therefore the trade should only be entered if the price stays above $315...
Ultimately the longterm trend is bearish however the pair is seeing divergence on the Stochastics on the hourly charts and is at the S2 on the pivot. Wouldn't stay in this for too long as you want to go with the trend however, maybe a quick buy opportunity.
The AUD/JPY daily chart displays consecutive lower highs and lower lows with a potential short setup to continue the visible falling trend (supported also by downward trendline). The current corrective phase seems to be running out of steam in initiation of a potential impulsive phase, with the production of a bearish reversal price bar: - ricocheting off a...
CM_Stoch Highlight Bars user belgusinc Wanted to Know How To Create Highlight Bars based on Stochastic Bars Being Overbought/Oversold Here is a Coding Example Basics: Ability to turn On/Off Crosses Only Above or Below High/Low Lines. User sets Values Of High/Low lines. (Determines how highlight Bars are plotted, Based on the Value of the High/Low lines. Ability...
Multi Time Frame Stochastic Loaded With Features. Basics: - Ability to turn On/Off Crosses Only Above or Below High/Low Lines. - User sets Values Of High/Low lines. - Ability to turn On/Off All Crosses, Both BackGround Highlights and “B”, “S” Letters. - Ability to turn On/Off BackGround Highlights if Stoch is Above Or Below High/Low Lines. - Ability to All...
1. Channel 2. Waiting for a double top 3. RSI_7 and Stoch_8;5;3 were over sold 4. In a case of double top will I be looking for RSI or Stoch divergence. 5. The bullish trend-line was broken. Waiting for the double top and divergence.
There's a multiple-bar inside bar candlestick pattern formed under the 1.2675 resistance level. Then we have a pin bar candlestick pattern that caused a false break of the inside bar pattern. This false break trapped those breakout traders and this bearish candlestick pattern could lead price lower in today's London session. Ideally we would prefer the pin bar...
Plans for both sides for the next year. The upside is more likely in my opinion and has the potential to continue beyond my target of 1522. The downside is limited. If it continues going lower from 830, you can assume we are in a gold crisis or something like that. Anyways, once the current correction down from 1900 is over, you can expect a steep reversal and...
A low test close on CHF/JPY presents an opportunity for a long position. Today's low test price bar has tested the 114.70 level and is likely to close above it as well as above the 50% retracement and the 20 ema. There is, adding to this setup, supportive hidden bullish divergence (trend continuation divergence). The Stochastic indicator is in oversold territory...
Very noticeable bullish momentum divergence occurring at support for VNTV. Monday brought a price action close for resuming the uptrend. A pin bar on high volume today should confirm that this level should hold, and price should look to retest its next resistance level.
All indications are that the recent strong trend will continue and thrust PLI:TSX into new higher territory!
DMI Stochastic Extreme Oscillator. Derived from Larks DMI Oscillator. For Further Information - edmond.mires.co