This is another play I have been placing around the dollar strength. Last week DXY seems to have bottomed and this pair is also showing signs of topping. The 1,618 fib extension from last retrace is quite close to the top, and not frar from pitchfork upper limit. The CCI already came back from the overbought and that signal was useful on last retrace. First...
After a trip along the side of the Bolli band, aussie seems now ready for a nice short. The shape of the last two candles and the fact that he's soon to go back to the sub-100 region of the commodity channel are factors enough to think about shorting it. A couple of fibs converge on the price labels shown. Like to hear your comments.
Trying to write ideas - the taste of the pen ... GOLD - SHORT_1365 TO 1272 SL = stop slightly higher than the monthly maximum The deal - is counter, risky, but the risk can be justified! Causes: overbought - Slow Stochastic, divergence - CCI relative to trend. Be careful and attentive. All successful trades! MikleKey * This publication is not a trading...
After being in overbought levels inside the upchannel that CCI is following, there has been a period of accumulation and now the stock seems ready to take off again, with the MACD and the Koncorde crossing
Dear traders, it seems like it's time to reenter USDTRY longs. Now with price moving firmly back above the (fake)coup key level, I think it's highly likely to see the dollar rally resume, against the fundamentally weakened Turkish Lyra. My signals group is long for a day already, from 2.9920 with stops at 2.9707. We're looking to add to longs here, and trail our...
We have a nice setup in the making here. With oil looking ready to break down hard, I favor AUDCAD longs, (as well as CADJPY and USDCAD longs, perhaps GBPCAD), I do like AUDUSD, but I'd rather pass on the long there for now and focus on AUDCAD at this time, with risk of the risk on pairs suffering losses in the coming 2 months. You can enter longs at market, or on...
The underlying trend is that oil production won't slow down anytime soon and that the oil price will continue to plunge, whereas copper and gold fall at a much slower rate in general. Both currency pairs correlations and Central Banks agendas make them lose value periodically vs the dollar, but that isn't a problem for these setups I outline here. In fact, the...
We have a very clear setup with the market rolling over after hitting an options expirations key level, since the Yen pairs soared due to Bernanke's helicopter money suggestion to Kuroda. In this chart you can observe the trade weighted index chart behavior, to more clearly illustrate the true strength in the Yen, clearly, this year's top investment, closely tied...
After Bernanke visited Japan, and whispered into Kuroda's ear, the market reacted with a strong decline in the Yen, accompanied by a broad risk on rally that absorbed the Brexit losses. It's possible that this rally has topped, with all or most bears forced to cover their shorts, collaborating with the momentum run. If you are a 'Key Hidden Levels' subscriber,...
ETHUSD has a very nice chart setup, showing proof that bulls stepped in right around the Key level associated with the DAO crowdsale announcement, where major players and new money came into ETH pairs, making ETHUSD and ETHXBT rally as a result of the increase in speculative interest in it, and its love-child, the DAO (descentralized autonomous organization). The...
Erickson Inc set up for a swing trade. Reasons shown on the chart, but several other reasons are also the RSI is gaining strength, CCI has moved up over 0, and MACD is showing a buy signal.
Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
Indicators showing a potential bullish swing, reasons shown on chart.
Copper just peaked and today's candle seems to be the beginning for a few days of more down pressure. The first target is on the centerline of the pitchfork around 2,15 and another one on the lower line at 2,09. Indicators signaling the coming back from the overbought region are well aligned for this short.
As I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline. After this break down, all these instruments are at a major support level once again, and in sync too. Notes: I'd get out of shorts here and maybe flip long in a few days. Gold: It might have some more room to fall, but if it...
If you missed the long entry in Silver, you can still get in as depicted on this chart, either after price makes a new daily high, or on a dip to 16.185, with stops under 15.942. In related ideas you can see my long term analysis of silver, as well as the latest trade signal I emailed as part of my trading signals newsletter. I'll be looking to add on dips, since...
As ADX shows weak bull trend i expect fall at couple of minutes...