What a year! The Fed, optimistic market assumptions regarding pro-business legislation, and a return of strong corporate earnings. I was definitely ready to go bearish when I heard the relatively hawkish statements from the Fed recently, but it looks like equities will just keep grinding up until we have some serious paradigm shifts in the markets. It's great to...
From a 100% technical perspective, my chart is telling me DE30 looking for top of bullish channel since post subprime crisis rally. Before this happens though, I'd like to see a drop to 12316 - 12392 (2015 high) for a healthy climb the coming weeks. So to conclude my thoughts I think we've seen swing high looking for swing low to a new all time high that might...
Aud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach
Cup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
USDCHF has broken its trend line and now retesting the trend , As the dollar weakens looking for price to proceed lower, 200 and 50 EMA has crossed on the 1h, 45, and 30m Time Frame
EURGBP has hit the bottom of its channel if price breaks above 0.8387 we could see it heading to 0.84448, Alternatively if sellers take control price could fall to as low as 0.82466
Crude oil to carry on rallying to eliminate previous highs and aim toward 51 - 60, Prices remain more than 20 percent higher than a six-week low hit earlier in August
Break and restest of the 50 EMA Bounce off the pivot point Bullish Engulfing Upcoming news in NZ of consumer confidence could be a good boost or if negative could move the trade against us. risk/ reward 1:2 Stop below 50EMA and Pivot point. TP just before R1 but will need to trade through some previous resistance level at .70800 risk .5% Let me know your...
PROS - Low test candle formation. - Rejection of both horizontal support and a downward sloping trendline. - Price sat between 0.5 & 0.618 Fib retracement. - Bullish MACD Divergence - Oversold on Stoch RSI CONS - Trading against the trend. - Trading towards key EMA's. Thoughts on this position?
PROS - Rejection of 0.618 retracement level - Stoch RSI oversold on monthly, weekly, daily. - Rejection of horizontal resistance - Rejection of upward sloping trendline - Reversal candle pattern CONS - Trading against the trend - Trading toward key EMA's TARGET 0.68562 - 0.618 retracement from previous swing low to latest high. This retracement ties in with daily 50EMA
Pro's - good reversal pattern. - price sat at good support. - recent break of downward trendline, now retesting. - 0.5 Fib retracement level from previous swing low to high Con's - Trending against the trend - Trading through EMA's including 50EMA on daily. Thoughts? Please comment below
After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside. if we are...
PROS - Retest of strong support on monthly - Stoch RSI showing overbought on both monthly and daily - Slight bearish MACD divergence on daily chart - Head and shoulders pattern forming on both weekly and daily Waiting to break neckline at roughly 0.77500 before entering short. THOUGHTS? THUMBS UP IF YOU AGREE
Pros - Stoch RSI oversold on the monthly, weekly and daily. - High test of both trendline and support - Double top on monthly chart. - Bearish MACD divergence Cons -Trading against the trend - Limited risk/reward before next support level at 1.14000 Planning to wait one more day to see what tomorrows daily candle shows. Possible trend change at this...
i feel this is a neater version of my cable analysis. with the MA'S crossed to the upside on daily and 4hr and bullish price action more recently, i feel a b/o to the upside is very likely. however if price is rejected by that key level, i will be using trend lines & s/r levels as target for a bearish position.
- Great deceleration to key resistance - Two doji's formed at resistance - Bearish MACD divergence - In between 0.618/0.5 fib extension level - Very strong support for past year Thoughts?
Expecting for price to rage higher than it already is despite the minor bounce downwards that may occur in the following weeks.