Bollinger Bands (BB)

Price has clearly left the lower boundary of the bands which is also the bottom of the channel. And we have stochastics signal. Possible target bollinger mid-line at 64.64. Buy if stabilized above 52. 1H timeframe bullish moving crossover (13,34).

This pair just bounced on the lower part of the pitchfork while hitting the bollinger band. There are also signs on DXY that support this idea. Good luck and thanks for your comments.

Price has clearly left the lower boundary of the bands and we have stochastics signal. Possible target mid-channel at 64.64. Buy if stabilized above 52. 1H timeframe bullish moving crossover (13,34).

Crude moved lower on Monday but ended the day in the middle of the daily range, unable to break through Friday's low of 46.74. Price also tested the weekly Pivot Point above at 48.13 but was not able to break above that mark. As long as crude trades below that Pivot Point, it indicateds that price wants to keep moving lower. The Heikin-Ashi chart showed a slowing ...

Crude tested higher this morning after the weekly inventory report showed a bigger than projected sell-off of inventory. However, WTI Crude failed to maintain it's bullish run and ended the day below the 2 important key levels. Those levels are the 21 day moving average @ 48.41 and the monthly pivot @ 48.13. And while the Elliot Wave Oscillator has not yet crossed ...

Crude oil closed down $1 today. During the day, my first price target @ 48.36 was hit (I mentioned that in last night's post). Crude did hit a low of 47.73 but was unable to stay below the 48 price level, and in a something of show of strength, rebounded almost a dollar off the day's lows. The closing price of 47.73 was just 2 cents shy of the 21 day moving ...

Hi all, I've just gotten back from my extended vacation. The precious metal is range bound and looks like it wants to move down before completing a move up to tag the upper Bollinger Band. The weakness is appearing in the haDelta indicator at the bottom of the chart. A magenta dot just printed which means that the smoothed delta SMA is crossing over the ...

Hi all, I've just gotten back from my extended vacation. Boy has there been a wild ride for crude, starting last Thursday. However, since then, crude has been stuck in the lower part of the range, which by the way, retraced to 38% of Thursday's range. Crude has already the 21 day moving average and it looks like it wants to test it again. If have a take profit ...

long term trend is in uptrend with trend strength increasing intermediate time frame is showing increasing uptrend with slightly flattening longer term moving average might be indicating consolidation...forming a tight symmetrical flag in uptrend move should lead to breakout past resistance area of 63.5x area and into areas of least resistance target is the .618 ...

I fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend. Until it is ...

USDZAR formed a 4H bearish channel. The price might be rejected by the support below, hence my target. SL: should price exceed last high, the bearish channel would then become invalid.

Hi everyone, If you were following my posts, I was stopped out when price hit my protective stops. I am re-entering the trade based on the rejection of the 20MA (BBand) EP at 1.4913 Stops at 1.4958 (above the recent highs) Targets at 1.4608

Crude Oil broke through support during the overnight session with a strong push down. Now would be an excellent time to book profits and move stops lower. I've added some new targets marked by the cyan horizontal lines. The next target @ 46.09 is the confluence of the red, lower Bollinger Band and the yellow Bollinger Band. The red BB is our standard one with the ...

In a clear sign that Natural Gas is range bound, the Bollinger Bands have flattened out and are contracting. Yesterday's closing price was trapped between the 7 and 21 day moving averages and today it is trading slightly above them. Monday's tag of the cyan Bollinger Band (1.5 standard deviation) signaled a potential renewal of selling but the lack of follow ...

Crude Oil had another down day on Wednesday, declining sharply after the inventory report was released. You can see the sharp selloff on the 30 minute chart below. Attempts to buy up crude at discounted prices were meet with renewed selling. All the indicators on the chart are red and pointing down. As I am going on vacation Friday, I'm hoping for a tag of the 47 ...

Gold closed down almost 20 points today as the FOMC announced it would not raise the Fed interest rate in May but left a rate hike on the table for June. But regardless of that news, let's look at the technical aspects of the precious metal's chart. First, the tag of the lower Bollinger Band was what I've been discussing during this bear selloff began in Mid ...

Bollinger Band squeeze / divergence - looking for break of trend lines

Crude Oil dropped off 1.5 dollars, sharply breaking through the previous pivot low @ 48.20. However, at the end of the day, on the heals of the EIA report that there was a bigger than expected draw on crude oil inventories, the price of crude rebounded to close @ 48.10. In spite of the retracement, I am still bearish on Crude and expect a drop down to the trend ...