Price didn´t reach previous support and it doesn´t seem too strong but apparently we have a possible bullish reversal.
Timeframe: 4H Expecting uptrend due to Three Outside Up Bullish Reversal and Engulfing Bullish during last session. Corrective Fall expected. Resistance @ 1.6331, 1.6422, 1.6494 Support @ 1.6168, 1.6096, 1.6005 Choose Entry Point within rules/strategies accordance Previous session: H = 1.6361 L = 1.6174 O = 1.6305 C = 1.6237 Pivot Point = 1.6257 Personal...
The SPDR fund tracking S&P Retail has been trending up for years. Lately the industry and fund have been on some rocky footing. Currently the fund is at a potential key support level with value to the upside. The projected future movements are highlighted below based on technical indicators. When we take a look at other technical indicators, the relative strength...
On April 20, 2017, VeriFone Systems ( PAY ) crossed above its 150 daily moving average (DMA). Historically this has occurred 49 times and the stock does not always move up. It has a median gain of 4.104% and maximum gain of 33.911% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 43.0767....
Kumo cloud breakout candle on the 4h at last. Possible Bullish reversal for the $GBPUSD pair. Holding my long position for now. Updated my stoploss, resistance and target. Let's go!
Clear uptrend with normal growing pains. Bullish wedge suggests breakout soon! Definitely still a buy. Target: ~115 and beyond! Solid long-term blue-chip. NYSE:DIS
Looking to catch bullish reversal. Upward trend on 1 day chart, but currently in a pullback and bouncing off support. 15 min chart has broken through 20 SMA and PSAR, entry of 1.332 will break through 50 SMA and CCI should be hitting 100+. Half position entry since a reversal isn't guaranteed, 2nd position will be at 133.40 just above 2nd point of resistance on...
Looking to catch bullish reversal. Upward trend on 1 day chart, but currently in a pullback and bouncing off support. 15 min chart has broken through 20 SMA and PSAR, entry of 1.332 will break through 50 SMA and CCI should be hitting 100+. Half position entry since a reversal isn't guaranteed, 2nd position will be at 133.40 just above 2nd point of resistance on...
USD bears became disheartened Thursday, when the Swissy surged out of a daily support zone, moments after falling to new lows. Pair remains wedge bound, but yesterday's Hammer reversal and developing Inverse Head and Shoulders pattern bolster the case for a break higher. Bulls will be looking to push the pair toward the inverse neck zone between .9810 & .9845. A...
Unicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77 I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks...