Long USDJPY: - MACD grossing upwards - RSI showing bullish signs - Previous structure, blue line - Fib Level tested unsuccessfully, so should be going up - 200MA didn't allow it to go further down - Stoch Indicator pointing up * DXY hitting major support (past structure) and Fib soon, bullish sign? GL :)
Bounce from Fib and Moving Averages gives hope that red resistance line could be broken. MACD going bullish, together with RSI and Stoch might give enough power for pair to break trend upwards. Hoping for strong euro tendency from last week to continue (effects of CETA agreement). RISKY, if trend not broken, I'll be looking for short.
USDNZD Long Opportunity: - 0.6 Fib from last leg - Hits Support from Mid September - Hits 200MA - Stoch and RSI oversold and pointing upwards - 150MA and 200MA crossing for bullish Risky though, keep a close eye on DXY, if trend and Fib broken here, could be good sell
Upward trend with a little down leg in the last few days. Hits Fib Level and gets rejected Blue line indicates past structure on that level Hits BB and starts a green candle Stoch Indicator shows upward leg on 4h, RSI as well Strong GOLD next week (AUD up), DXY going down (USD declining) GL :)
Reasoning: -Support lines + previous structure on that level -Fib level -Support line on RSI, crossing MACD Time for GBP to finally bounce up a little?
Reasoning: - Bullish RSI - Hitting Support - Two Fib Levels coincice - Fib and Structure together form strong support - Hits BB if drawn GL
Long Opportunity for EURNZD: -RSI close to over-sold -Candle hitting 150MA -MACD ready to turn bullish (hitting support line) -Candle hitting BB -Stochastic Indicator also showing clear long -Structure: support line -Long term and short term Fib levels coincide with support line Could be a good opportunity for quick pips
Hits support line of a trend which began at the start of 2016 Long term and short term Fib 0.6 Level which coincide with support line Late 2015 Resistance of a downtrend becomes support of an upward trend Oversold RSI at around 30%
Just like Goldman Sachs adviced, BUY GOLD. It hit lots of strong supports, as seen on the graph, and there is past structure that makes it hard to break that support and continue its downward movement from the past several sessions. Fib 0.6 and Over-sold market help as well.
Oversold RSI combined with 0.5 Fib Retracement and Extention Strong past structure at that level + could be viewed as support level of a trend which started in late 2013 Brexit effectsdisappear, hopefully!! GL
JPYGBP structure analysis suggests SHORT up to some point, see Chart Then act according to break of level or bounce up Careful for Fib levels .... Let's stick to SIMPLICITY GL!!
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
Weekly chart fighting with 0.2 Fib. Strong resistance line combined with past structure. Very likely to hit resistance and go down again. GL
The area in the red circle represents past structure, support level which could possibly become resistance with 0.3 Fib retracement and Over-bought market. Good entry point for short. If breaks, all signs available for expectations of a new upward trend.
Completed its downward leg Hits 0.5 Fib Hits support and previous resistance which could be seen as another support now If breaks, would be a good idea to sell the break (unlikely though)
Bio tech industries are supposed to have a bright future. Technical analysis also supports this view. IBB is hitting almost 52-week low with very strong support in place since early 2010s. Careful for structure and 0.2 Fib (0.3 short term) at 278-279. GL
Hitting 0.7 Fib from last leg of the trend, also strong resistance with overbought market End of the short upward move after the bounce up from the support. Continuation of bearish trend GL
GBPJPY broke downward trend from previous months. Hitting 0.7 Fib, retracement back to structure line which from resistance becomes support and then up again. GL