On mid and long terms, the EURUSD pair is evolving inside a bearish trend . Looking at the fundamentals, both FED's policy (more rate hikes to come) and political context in Europe (especially the French presidential elections on late April and early May) are feeding this decline of the euro currency. Technically speaking, the selling forces remain dominants on...
Reason to entry: -AB leg confluence with 161.8% extension -Price at pullback/retest of trendline after breakout of trendline Entry: -38.2% retracement Exit: -161.8% extension Void if: -price failed to breakout Remember that market always right! Manage your trade well!
Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.
triple touch on upper-channel, break through bottom channel...
The EURJPY pair is in a downside trend since mid 2015 without any interruption. Currently, and this for four months, this pair is consolidating inside a triangle continuation pattern . This period of stabilization does not significantly put in danger the bearish momentum on the EURJPY, as shown by the long term 200 days Moving average which is still very well...
Greetings traders! Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area. Hope you liked this idea, thanks for the support and good luck!
Price action has formed a descending triangle continuation pattern, with the resistance line growing stronger as price has reacted to it on multiple occasions and the support level at 1.76950 being tagged a few times more recently. A doji formed on the 29th and price has reached the 2/3 area of the triangle. Expect a breakout in the downwards direction.
Price is reaching the 2/3 portion of the descending triangle formed by a long term resistance line and a recently tested support line at 100.060. Tweezer tops have formed, and I predict price will break through this support and continue in the direction of the long term trend.
Head & Shoulders/ Libra Pattern forming. I am short from .8525, more conservative traders can wait for a neckline break and close, or a break and retest (or 618 pullback) in order for confirmation that bears can take control of the market. Target is the green box structure zone.
This was an analysis of the DXY I did previous to the whole price movement upwards. My analysis was projected 09/09/2016 at around 7am before the market started moving. This is just to show you that technical analysis is a strong and very reliable method to make profits within the financial markets. I projected the MinPO from the previous spike upwards and...
Cup with Handle (Continuation) Call EOD EUROPEAN Session
Lithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.