nivelij01

nivelij01

An almost complete head and shoulders pattern is observed in weekly timeframe for EURUSD with descending necline trend is about to be approached. It would be interesting to see how market reacts on this level in the coming weeks, but I have SHORT bias on this pair. I believe aggressive trader can enter short trade the moment the price closes below the neckline and...

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TM stock has been tumbling since the beginning of the year due to facing some stiff competition with local internet service provider. It has at least bottomed at RM 3.010 level at the end of June. It however has been rallying since then, touching RM 4.005 level two times, the level which was considered as the previous swing high. Now it has potential to form an...

nivelij01

Bitcoin has been in downtrend since earlier this year. Noticed how a descending triangle has formed since early 2018 all the way until today. There was a slight of hope at the end of July when it seems that Bitcoin's downtrend was about to end, until a false breakout was formed and it is now heading to another major support level at 6000. Also notice how number of...

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ETHUSD had been encountering a major sell-off since the beginning of the year to at least early this month. As we can see, bull started to pick up some steam since middle of April and so far manage to break out 2 resistance price ($570 and $700). $571 has been acting as a major support line, indicated by the amount of strong support wick, as observed at point 1,...

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As we all know, US Dollar has been hit by the bear quite badly, and the situation didn't even get better, at least until end of January. If we take a look from daily chart, DXY managed to find some support early of February at ~88.65 level and since then it has been correcting for around 2%. Previous support was around 90.25, which is now turned to be resistance,...

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NZDCAD has been touching EMA(200), and it is now building up an uptrend momentum. A doji was formed on Friday candle, which indicates uncertainty to either direction. I'm expecting the price to retrace to around 0.90 zone, and this level is important, because: 1. A round number and it is acting as a strong support line. 2. Near 38.2% Fibonacci retracement...

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Since early of this year, CAD has been depreciated quite rapidly against CHF. This can be seen by the fact that 3 hude red candles for the past 3 days and it has broken down EMA(200) recently. Although it is now heading to demand zone ~0.755, I'm not interested to go long, because the bearish momentum is quite strong. Instead, I'm planning to wait for this pair to...

nivelij01

DXY experienced such a roller coaster day yesterday, starting from a Draghi's hawkish speech which push Euro even higher to Trump's statement saying he is expecting a strong dollar, which helps DXY to gain temporary bullish momentum. If I see from the chart here, Trump's statement has helped pushing DXY to break over 78.6% fibo extension line (89.17 level),...

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I see an initial sign of dollar getting some strength. As you can see here from weekly chart of USDDKK, a RSI divergence is now observed, indicating the bull is about to take control. And if you pull the Fibonacci extension tool, current price is testing the 0.382 support line, which seems to be a short term resistance observed on week of 8th December 2014. If the...

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NZD has been so strong since mid of December last year and this can be seen with the fact that there is no significant pulllback ever since. If we pull fibonacci tool relative from July 2017 high all the way to November 2017, you can see that it has even managed to breakout the 50% retracement leve last week, easily. On the other hand, RSI(14) indicator has been...

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This currency pair is having an overly extended bull run at the moment. As we can see, RSI(14) is indicating an overbought reading. This currency previously managed to survive the 88.0 round number and manage to go even higher. But take a look at these aspects: 1. A strong rejection on the 89.10 territory. The same rejection happened on 20th and 27th of July,...

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I can see a potential Long setup for EUSTX50 index. Couple of things that I observed: 1. Price is currently retesting EMA(200) and this is also a resistance-turned-support zone (back in April 2017). 2. A divergence observed between the chart and RSI(14), as chart is making lower low, whereas RSI(14) is making higher low. If price can close around 3530 (which I...

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UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI(14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.

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Continuation from my analysis here: Reversal formation is getting more obvious now. A bull flag pattern is observed on 4H timeframe. I'm expecting the price to fall down 1 more time before breaking the flag channel, and possibly heading towards $2.8 - $2.83 zone. The previous lower low has been broken and I think we are in a good course for uptrend.

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Technical: Long opportunity observed in natural gas, as it is currently near the support zone. RSI(14) indicates it is on the near oversold territory and long term trend with EMA(200) indicates that it is currently ranging near ~$3 level, so locking-in profit within this area is quite reasonable to me. Fundamental: EIA forecast the natural gas price will...

nivelij01

Potential selling opportunity for AUDCAD currency pair. As we can see here, there are couple of interesting stuff found in this chart: 1. Hidden RSI divergence found, which may potentially indicates a downtrend continuation. 2. EMA(200) has been acting as a dynamic resistance and has been doing this since end of August 2017. So I think it may help to bounce the...

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USDCAD is now heading towards the most important psychological level, 1.20000. As we can see from RSI(14) and Stochastic(14, 3, 3), both indicators are now hovering in the oversold territory. Plus, there is an RSI divergence formed and indicated with dashed line. And as I see, this level may be a bit special then previous 1.30000 as there wasn't any divergence...

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GBPJPY daily has just crossed the EMA(50) which is a clear confirmation signal that trend will be reversing to up-trend. A retracement to 143 level will give us a good entry for long order, with SL right below the previous support line. I don't believe it will be good to buy now as Stochastic indicator is now nearing the oversold territory.