DJI is now above both it's 200day MA as well as an intermediate trendline resistence. However, we are seeing bearish divergence between price and RSI on DJI's daily chart and with near term horizontal resistence coming up @ 34100-34300, we could have some pullback when it reaches there. Fibonacci retracements of 23.6% to 50% of it's most recent swing up will...
Looks like hertz broke falling wedge to the upside and is currently flipping the resistance to support. Still has massive bullish divergence on weekly. We could get a nice little rally from here. Needs to hold 2.90.
hi, i'm waiting for the retest of the trendline to go short...in the yellow zone we have a good confluence of trendline, support/resistance and the 38.2 of fibonacci retracement!
USDCAD recently broke this downtrend on the 4h chart and is still above the trendline. It seems to be a base of support at the moment, but watch this carefully and make sure it stays above before deciding to go long. All the best!
NZDUSD broke a major resistance line on a daily timeframe developed since June 2015. My play on this pair is waiting for a pull back towards the 0.68625 before entering a long position. I expect the pair to head to 0.70221 in the near future.
