Hey people FX_IDC:XAUUSD is about to go down on the weekly, firstly this huge uptrend is about to end. Recently when price touches 1306 resistence is shown and price comes crashes down. Support is met on price and is touching 0.786 level on the fib and touching the 20 EMA soon the TL will be touched. Stoxh confirms direction.
candle confirms downtrend along with stochastic. uptrend has been broken. fibonacci shown price is below 0.618 and price is touching 20ema.
FX:NZDJPY key support is being broken, price is way below both EMA's the trend line has also broken so price should jump up soon.
FX:GBPCAD is touching the 50 EMA with a slight green doji appearing showing the end of the minimal downtrend. The stoch is showing oversold and will touch the highs of the 1.74 level again that it was struggling to touch before.
major downtrend and choppyness has shown a difference since price is touching the 20 EMA price is rejecting 1.243 level since yesterday but to day price should rally, I looked at the daily chart and saw the signs of a reversal also
Nice reversal about to happen price is above both 50 and 20 EMA's. Price has been choppy recently with a strong downtrend naturally which will continue and touch the support below the green rectangle at 1.42 level
Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)
This is for my traders who use the daily time frame. self explanatory really reversal about to go down. uptrend has broken price is touching 50 ema. now i have previously said silver is in a downtrend LONG TERM. This is correct, but if you want to profit on smaller time frames buying will be the best bet
Use a small amount of capital because this is a long position. The TP and SL are there, so first thing on Tuesday (Because of bank Holiday) Short silver long term downtrend did face resistance but price is touching 50EMA right now so this shows price is going back to normal!
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH
You know the drill already, look at the reversal on the stochastic... price has been well below both 50 and 20 ema's. get them buys in now and bag you some profit till it touches resistance.
Support and resistance self explanatory, price way above EMA's majorly overbought also so time for price to stablise and consolidate back to normal
1 Hour charts show signs of reversal, so since all the over buying and 50 and 20 ema touching price shows thaat price is recovering and will will go back up. The stochastic is also showing bullish momentum.
Price has been down-trending for time now, so all this choppiness is indicating to to go back to normal. EMA is being touched soon so price will stablise soon.
started analysing on the 1 hour chart couldn't get a clear picture so switched to the 3 hour frame to certify my decision of s reversal, i could be wrong though would be interesting how this plays out. Price is hovering 20 EMA EMA
reversal of major downtrend since price has been way below 50 EMA and stoch is oversold id say buy now or soon as possible with a buy order for 76.152. collecting profit at 79.432 would be ideal for price consolidation.
The market has been choppy since a while now and recent highs of 1.123 have been touched, in other words a lot of over buying. My usual analysis has confirmed my decision to sell and bag some pips with the TP and SL provided when price consolidates itself.
The 20 EMA is being touched and lowest lows of 74.387 have been reached. bullish momentum has picked up and is confirmed from candles, stochastic and RSI. Price is consolidating itself back to normal.