RSI giving a signal that it's about to go down. Coupled with prices hitting the upper edge of the bollinger band, I expect prices to fall in the short term.
Some strong resistance area around the 1.1167 area incorporated with fairly high RSI values.
The pound rose back up a bit since Brexit. However there are indications that it won't go up that much higher.
Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
ETRM looking like a solid swing trade, Reasons shown on the chart along with a second chart with other reasons linked to this idea.
USDCAD is currently hitting levels of strong resistance where prices failed to break out higher for a while. I nice scalp to the short end will play nicely in this situation.
Gold has been rallying higher and higher for a while now. However it seems like its going to lose some steam. This is indicated by the over bought RSI levels and the potential wedge formation being shown. However in the long run, I believe Gold will head higher in the future
Indicators showing a potential bullish swing, reasons shown on chart.
On Thursday, USD/JPY bounced off of the first lower Bollinger Band (1st standard deviation) confirming downtrend after recovery from Brexit. Provides an opportunity to join the downtrend. Over last month, USD/JPY has been in downtrend channel between 1st and 2nd standard deviation lower bollinger bands, and may continue in that channel for an extended period of time.
We appear to be in a strong upward trending channel where support and resistance levels have been tested several times with one small breakout before re-entering the upward trending channel. I am expecting a move back towards the trend line as shown through looking at both RSI and Stochastics which are both showing bearish signals. I will then be looking for a...
GBP/USD has just broken the daily trend line and is firmly bearish as shown on the daily and weekly TF. Will wait for confirmation on Monday before entering short on this trade. Lower bollinger band has just been crossed so expect this bearish movement to continue into opening trading hours next week.
Not much to say than what´s all ready on the chart
I think we either pull back to support or break bullish during the upcoming week, volatility is very low...I like SQ now for long term but i love it down at 8.14
I have short the EUR/USD @ 1.3807 and targeting the 1.2550 for the next week.
Last week strong rally seems to be now close to exhaustion. Even though the long term uptrend in gold remains intact, we are close to a local top. I apologize for the crowding of the graphic, but these three items all point to the same issue: - The pitchfork has been useful to define support/resistance for the last month and last session closed exactly at the...
Only short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower. The actual entry trigger is one of six things (in order of most importance): 1.) test of major horizontal resistance line 2.) break of a pattern that supports the bias (e.g. M pattern for...
Bearish Harmonic RSI Stochastic Bollinger bands