Various signals give hint that gold price may need to choose a direction after a strong NFP data. Key levels can be seen in the chart.
Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready...
Pretty favorable P/L ratio for a risky volatility breakout swing trade.Long up R$14.17, Stop Loss at R$13.43.
VIX HAS BUILD A VERY SLOW RISING GREEN SUPPORT LINE OVER LAST 7 YEARS. So it is a buy and hold for long term (at least 2-4 years). Possible scenario Triangle playing out. Leap Call Options strategy may be good if deployed properly in volatile market.
Price has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
Yen$ Technical analysis - Bullish but fundamentally driven this week: Key level close: 1. On the daily and weekly we closed above the 2nd strongest pivot point of recent times at 1.055 - this is very supportive as historically this is the strongest level (next to 100/101). MA: 1. We trade above the 4wk ma and the 3m MA is acting as strong support (black...
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...
As you can see a small trend line on the daily chart, every time it hits the resistance it comes back down to the trend line before going up again. For confirmation I shall wait for a few bearish signals including bouncing off the bollinger bands, hitting resistance and a swing high. If the USDCAD swings high short to 0.0112 and place a stop loss of...
INTC weekly broadening formation into resistance & keltner upper extreme. Looking for a move back to POC in 32s, potentially lower into support plotted below.
EUR$ Technical analysis - highly bearish: Key level close: 1. On the daily and weekly we closed below the strongest pivot point of recent times below 1.10 - this is very bearish as historically this is the strongest level (lower than post brexit). MA: 1. We trade below the 2wk and 4wk MA - this is a bearish indication + we have been below the 3m MA since...
Technical analysis - highly bearish: MA: 1. Just crossed the 2wk and 4wk MA - this is a bearish indication + we have been below the 3m MA for several weeks unsurprisingly since brexit. IV/ HV: 1. Realised Vols have also unsurprisingly come off, this would but bullish but brexit has distorted the longer dated HV and they are lagging - Implied vols are...
BBands on traditional markets are default set at 20 and per John Bollinger, he found this to be the best setting. This gives the bands a 20 day SMA, thus capturing a month of trading. 9 to 5 trading, 5 days a week, 20 days/month However, Bitcoin may require a change of this setting to 30 because it is traded 24/7. 24/7 trading, 30 days/month. Chart is annotated...
Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas. - Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning. - That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses...
EURAUD seems like its stuck in a Triangle formation. If you look back on historical price, there seems to be a reversal around 1.450 area. This would be great swing position to get into.
Indie works best as a combination at lower timeframes but published here at 15m. Easy to follow - look for ascents and descents right next to crossover on histogram, or the crossover itself. On 1M time-frame, it generates a lot of signals just before or after crossovers or the crossovers themselves. But please understand, this is unsophisticated, high-volume...
RSI giving a signal that it's about to go down. Coupled with prices hitting the upper edge of the bollinger band, I expect prices to fall in the short term.
Some strong resistance area around the 1.1167 area incorporated with fairly high RSI values.