Another Leg Up in Silver is Coming with The Target of $23, Buying Can be initiated around $16.5, Dollar is Showing a big selloff in monthly charts which will fuel this rally, Technically it has retraced back .61 from initial rally, and it looks like a fair level to reenter.
The dollar has gone up too fast, too quickly. Technically: 1) Outside 800-period BB on the 4H chart. 2) Divergence at the 100.2 level. 3) The 100-100.5 region is strong resistance on the daily chart - we were there in December 2015 after which there was a major correction to the downside. 4) Missed pivot point at 95.5 is the target. Fundamentally: The...
Hey traders, I'm looking to grab a piece from this opportunity. Reason for entry: Cypher completion D + Price failed to close below bullish trendline despite several attempts. + Double bottom in area of cypher D closed the deal for me. Entered long at 1.29800 Target based on 38.2 fib of C-D leg (adjusted for the entire move)
I'm looking for a rally up into the 103.100 - 103.400 region before shorting back down to 102.000 upon seeing converging bearish signals and the 200ma acting as resistance. I will close half my position once we reach 102.200 with stops moved to break even, with a view to eventually retesting the previous monthly low at the 100.00 level.
EUR USD Long Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing. MACD crossing over the 0 line Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair TP1 at R2 and TP2 below R3 but still requiring price to make a higher high. 0.5% on each TP 1:2 risk reward
Just looking at the fib extentions and there is a possible reversal zone marked out could see a c to d leg if we get a bullish reversal and then a continuation downwards as the pair is still in a bearish trend overall
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This is the longest USD chart I could find. Again, determinism + free will = controlled free will.
Potential US30 correction Price rejecting the downward trending high points making lower highs. Brexit is causing some trouble with potential weakening of the Pound/EUR MACD is showing divergence above the 0 level and could indicate price to go higher Daily candle shows high test / doji. Could wait to see if it turns around or keeps going..? Thoughts?
We have been waiting for an opportunity to get into the USDJPY for a short for a while. We had hoped the USD rate hike would have given the opportunity for a price around 125.00 but that didn't materialize. By all intensive purposes the USD bull run is over and the rate hikes of 2016 are priced in the slow down in China is causing investors to look for safe haven...
Traders, channel just has been broken so this pair should be heading downwards! Good luck! Cheers, Sam
On FX:USDJPY , the market is bearish and trending downtrend on 1H bars. The price makes Lower Highs and Lower Lows last few days. So, why not follow these moves. There is a key zone at 123.00. It was acted as support and became resistance. Also, 123.00 is considered psychological level too, because of 00. Institutional traders and big players give that...
Although we are still bullish on this currency pair in the long term, the recent GDP data and Non Farm Payrole suggest a bigger pull back to previous support levels and resistance levels around 13000
I suspect we are coming lower on this pair. We have a head and shoulders pattern and a nice 61.8% fib pull back. Currently sitting on weekly support which I expect to be broken. Watching price action for a nice entry. 1.50200 downside Target.