starek22

starek22

The EURUSD has continued falling during today's trading session. As we continue to chop lower, rallies continue to get sold into with the 50-day EMA and the area between 111 and 112 being a major barrier and a dynamic resistance level. If EURUSD breaks below 109.70 - 109.50 then 108.50 probably gets targeted. Buying signals will be triggered only if a break above...

starek22

A death cross formation has appeared, BTCUSD is trading under both the 50MA and the 200MA. Technically its a strong bearish signal.

starek22

The "Death cross" where the 50 EMA crossed the 200 EMA on the Daily chart to the down side took place on the 4th of march, since then Gold Failed to keep up with the bullish trend it started on Jan 2019. Now there is a new downtrend being formed with a strong support area it failed to break twice. I would only take sell trades from here. Any touch back to the...

starek22

XAUUSD On the 4H chart, we can clearly see the gold has been in an uptrend since it hit the last low (1677) on the 8th of March. In the past 2 weeks the gold has repeatedly tried but failed to break below the trend line. The 50 EMA could act as a strong support, while a break up out of the ascending triangle would take us back to February's highs. Will stay...

starek22

GBPUSD still bullish unless it closes below today's candle. On the daily chart; a close of the candle below the ascending channel and below the 50 EMA would signal a reversal of the uptrend that started end of September 2020. On the other hand, a bounce back and close above the 50 EMA and in the ascending channel will confirm the continuation of the uptrend. Its a...

starek22

It’s a death cross for the GOLD (the 50 EMA has crossed over the 200 EMA for the downside on the 5th of March) which confirms a Bearish gold for medium to long term. Breaking the support level (1690 – 1670) will give us more confirmation for the long term short market for the gold. Looking for sell trades only, either when touching the top of the ascending...

starek22

On the Daily chart we can see that EURUSD has been trading below the 50 EMA for a while now, and it failed to break above it. Although it's still been trading above the 200 EMA. It bounced off almost a touch on the 200 EMA, which is a sign of strength to the EURUSD. I'm bullish on the pair until I see a break below the 200 EMA, or if a death cross appears (where...

starek22

GBPUSD still trading above the 200EMA in a beautiful ascending channel since September 2020, bouncing back off the 50 EMA.I would buy the dips at the bottom of the channel or at the touch of the 50EMA with a buying signal such as engulfing candle or a hammer. With stops little below the channel and the 50 EMA. After the 1.4240 from yesterday, next target would be...

starek22

On the Daily chart XAUUSD has been trading under the 200 EMA for a week, its the first time since December 2018. Also the Descending channel looks clear now. I'm only looking for short trades with stops above the channel or above the 200 EMA. Keep it simple and good luck.

starek22

EURUSD still trading above the 200 EMA, Failed to break below the trend line that started on 20 March 2020, couldn't stay long under the support area around 1.2050. Inverted Head and shoulders looks clear now. Breaking The resistance area between 1.2150 and 1.2180 would Lead to a run to the 1st TP@ 1.2222, then 1.2275 Note: Both the RSI and Stochastic on the 1...

starek22

On Jan 21 2021 The EURUSD fell below the uptrend that started on Nov 20, 2020 and failed to rally up again. The pair broke below the 1.2100 support level, and then fell below the 1.2050 level. On the Daily chart, The EURUSD still in an uptrend, but its becoming weaker and on its way to falling towards the 200 EMA. Breaking the previous low (1.1950) would confirm...

starek22

USDCHF has gained more than 160 pips in 4 days in a row, although the pair is still in a long term down trend trading below the 200EMA. RSI shows strong overbought sign @ the 70 level, stochastic shows strong overbought sign @ the 90 level. Failure to break the strong resistance level (Used to be strong support level) would be a sign of weakness and would continue...

starek22

For the third time since March 2020, Gold bounces off the 200 EMA on the Daily chart, Nothing much to explain (History repeats itself). Once it Breaks the 1850-60 area for the upside, this level would be the support area and next target would be 1950-60. OANDA:XAUUSD

starek22

Last time the Gold bounced off the 200 EMA was in March 2020, this is the second bounce off the 200 EMA (between end of November and beginning of December. Looking for a touch back on the support area to Buy, or the candle closes above the 50 EMA. Its breaking out of the channel to the upside.

starek22

The RSI14 shows a clear Divergence on the EURUSD 1H chart to the downside, after failing to break the previous resistance area (1.1940 - 1.1965) for the 5th time since August. Breaking the trend-line and the support area plus breaking the EMA50 on the 1H chart will show on the pitchfork where the EURUSD might be going. Three black crows is a conformation for a...