Price starting to short on 1Hr.
1Hr 5Day and 8Day SMA lines crossing.
Price broke out of the upwards channel through the Asian session.
4Hr Stochastic indicating the market is overbought.
1Day chart the 24th September candle is a doji at the top of an uptrend, potentially indicating a reversal.
Trend breached the ranges support line but has hung around there for a while.
Price seems to be reversing through the Asian hours.
4Hr stochastic indicates the market is oversold.
1Hr 5Day and 8Day SMA lines are crossing.
1Hr Stochastic indicating the market is oversold.
Potential long on USD/CAD
Price is sitting above 0.382 Fib and typically not breaching it to the short side
4Hr chart showing numerous dojis, signs of indecision in the market
1Hr stochastic showing signs of momentum moving towards the 50 zone
Potential reversal of price
Price currently at the top of 3 times tested resistance line on the day chart
4Hr chart indicating the market is overbought
1Hr suggesting the market is overbought
Trying to catch the drop early... I have placed a tight SL if the price isn't ready to turn just yet.
Small trade on USD/CHF.
Following the DXY as it looks bearish on the day chart.
Price is currently trading under the 200day SMA confirming a downtrend.
Price also under the Ichimoku cloud.
Trading within support/resistance, potential continuation to the support line.
Price is sitting on a tested support line with a 12:00 candle showing indecision and then the 13:00 indicating a change in price direction. 1Hr and 4Hr stochastic oscillator signalling the marketing is oversold. I am speculating the market with reverse to the previous resistance level, as shown in the graph.
Stochastic Oscillator indicating an overbought market on the 1Hr and starting to turn towards the range zone suggesting a price reversal.
6am candle hit the 0.786 resistance on the Fibonacci and was rejected. Placing Stop Loss just above the 0.786 Fib
7am and 8am Candles turned bearish and suggesting uncertainty.
Potential price reversal to the buy-side.
Trading on 1Hr chart here, the anchor chart is showing the price is turning to an uptrend.
Candles on a 1Hr chart are showing a Three Line Strike.
1Hr Stochastic signalling a potential short term reversal
Potential continuation of yesterday's short.
1Hr chart indicating potential momentum coming into the price as the 7am and 8am candles see some volume after 4/5 hours of stagnation.
Price is still under the 200day SMA
1Hr Stochastic facing the 50 line
4Hr Stochastic starting to turn towards the downside.
Following the swings in the range 4Hr range.
A reversal has already been confirmed by the price action turning bearish.
Stochastic RSI indicating a turn in the market at the two signal lines reverse.
200 Day SMA confirms the trend is bearish to confirm a short buy
Price has the potential to breach the 1.18726 support line.
On the 4Hr chart Stochastic is showing signs of an oversold market and the MACD starting to swing around to the buy-side and the 5day & 8day SMA's have just crossed, signalling a potential reversal.
On the 1Hr chart, the Stochastic is entering the momentum zone for a buy and the histogram on the MACD is...
Throughout the Asian hours, the price broke the 1.30186 support line but was rejecting pushing the price upwards.
The signal line and MACD line have just crossed and the lines are showing the potential for a big swing upwards.
Stochastic lines are crossing approaching the 50-zone suggesting momentum may pick up for the bulls.
After a few days of buying the price is showing uncertainty with a few dojis showing on the 4Hr chart.
1Hr Stochastic is signalling an overbought market and the MACD line is crossing the signal line as well as the Histogram showing a downwards reversal.
Main to watch out for is the ECB Rates tomorrow and the Bank of Canada's rate decision today at 15:00
As fear of a No-Deal Brexit looms, the £ is taking a sliding hit with the FTSE following. I have placed this trade this afternoon with the opening of the US to see if they follow suit of the European session this morning. I suspect with Borish Johnson's bullish and pragmatic approach to Brexit the market will fear the chances of No Deal being even more...
following on from the momentum at 10:00 am, I am estimating the trade will continue to the lower support levels as seen on the chart. Stochastic is crossing the 50range confirming a downtrend and still in the momentum range. 5 & 8 SMA are crossed confirming reversal.