channel-man

channel-man

ADA has been bearish for a while, as most of the cryptos. Now it looks to find support at upward trend line (A) and at support/resistance area (B). Volume is low so possibly the bulls are waiting. Long opportunity if it breaks the trend line (C). Target is area (D). Let's see!

channel-man

After bull run EURSGD looks to reverse. Went side ways with declining MACD/RSI. RSI below 50 now. If it retests the previous channel (A) then we can go short. It will have a nice opportunity to hit all the way to (B) Let's see!

channel-man

AUD looks bearish (also on other pairs). It recently broke out of bullish channel, now looking for long term correction. Expect retracement to resistance (A) but then strongly bearish towards next support (B) Let's see!

channel-man

EURUSD pair has been very bullish but shows signs of saturation. MACD and RSI are diverting. In recent days we have seen that it is forming lower highs (triangle) and is testing the upward channel (yellow) If the channel is broken and also breaks + retest the triangle I expect some nice bearish momentum until the 1.14 level. Let's see!!

channel-man

Bullish signs for USDCHF pair. May go to 0.9379 level, with potential resistance at 0.92, which will also around the EMA50 (blue). Would wait for bullish sign (candle) at lower time frame (1/4H) before opening long. Let's see!

channel-man Updated 

Bearish triangle formation. Difficulties to stay within the bullish channel. Although still supported by the EMA50. IF it breaks the triangle/EMA50 then it will likely trace down to the next support area

channel-man

Quite bullish momentum (upward channel, bullish RSI/MACD, bounced off channel support). Likely to go up if it breaks the downward trend line (D) Target price around 0.74. Could go up even higher.

channel-man

AUDCAD has been bullish since March, but starts showing signs of saturation - clear resistance area (R) - RSI/MACD are declining (weak divergence) - hitting downward channel (flag) - tested MA50 (blue line) already 3 times, while before it was supported by quicker MA20 (dark green) There is a upward support line (red line - better visible on 4H). If it breaks it...

channel-man

Broke out of channel, then reversion on MA50 trendline (blue). May go back to resistance area (0.695) but expect to ultimately go down to next support level (around 0.68) while approaching the upward long term trend line (T) - especially when it break the supply area (S).

channel-man

Opportunity for Long. Bounce of support area and next target is 1.325 resistance level. Recent break out of bearish channel, while forming a new upward channel. RSI still positive after retracement. Supporting MA20 on D (dark green line) and MA200 on 4H (blue line)

channel-man

Short on NATGAS - Broke out of parallel channel, then 'resisted' it. Decent short signal. Target 2.046 as critical support line + MA200 support. Possible bounce at 2.241 support line. Did not break the MA20 line and may be a support.