DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., ISHARES MSCI EMERGING INDEX FUND, DRONE USA, INC, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Price oversold on daily RSI as well, 1.77 seems like a neckline for a long trade. RSI divergence present.
Reason to Long
1) Double bottom after a downtrend move
2) Trendline has been broken
EURNZD appears to be forming a weekly double bottom and showing a clear amount of hidden bullish divergence. if we drop down to the daily we can see a daily inside bar (DIB) has formed and remains unbroken after the weekend (no major gaps that broke anything etc)
If we apply a breakout strategy to the inside bar and applying a pattern ( double bottom ) to give a ...
zrx W bottom trade.
Buy at 1.6590
Goal is 1.6777
Candle D1 close above 1.65780
From the daily chart, we could identify that there is a double bottom.
Stochastic RSI is also oversold, and also we could identify bullish divergence.
Disclaimer: This is not a financial/trading advice.
Amazing retest on the sideway consolidation. I am waiting for a retest of the low for a counter-trend trade.
Overall trend is still bearish for GBPUSD.
Today we will talk about FX:EURUSD before tomorrows Congressional Elections, so something big can be preparing.
What we see is that EURUSD bounced exactly from 1.1300 strong psychological support level for the second time, which looks like a potential double bottom formation?!
Not only this, even our primary tool Elliott Wave suggests more upside ...
Dear Friends! :)
Yesterday D4rkEnergY showed you a comparison between the price movements in 2014 and 2018, which had some scary similarities! To follow up on these charts, I decided to make some calculations and used some Elliott waves combined with Fibonacchi levels to see, how Bitcoin would move if we would continue to follow the 2014 path.
On the charts we ...
At the 2-hours timeframe chart we can see a partially formed Double bottom pattern. According to the Technical Analysis there should be a reverse soon in the short term. Stoch RSI is in the oversold zone, Momentum is Bullish while SMA and EMA are going to indicate "Buy state" soon. The possibility of the second bottom to be formed is high, thus the pattern will be ...
Trading Bias: Short-Term Long
Technical Strategy: Double Bottom + RSI Divergence
Wait for strong bullish candle on D1 timeframe / look for bullish reversal strategy on lower time frames
This afternoon the Aussie released its monthly employment change which happen to be over 4 times greater than last month. This is a strong indication for short term spikes to the upside for Australian pairs. The technicals point towards a bullish engulfing candle on the 1 hour timeframe along with plenty of other factors ( too many to name) such as the recent ...
This pair looks to be forming an inverse head and shoulders pattern after the bounce off the 1.13 even handle that formed a nice double bottom pattern.
I see some resistance at the 618 retracement where we could see a slight move down to the 50% to test the neckline of the head and shoulders pattern and structure support before a move up to the 786 level with ...
Confluences for Trade:
- Price at Support of Parallel Channel
- Formed a Double Bottom Support
- Stochastic Oversold momentum
- Inside bar was formed yesterday
- Fundamentally, a week full of data in play with EU GDP (today) and also the highly anticipated US employment report on Friday. Stay light.
Confluences for Trade:
- Bearish candle formation (Pin bar formation)
- Slowing in weakening momentum
- A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4.
- Double bottom formed recently
- A second double bottom may form, look out for it's formation at 0.9720 ...
American Express is in double bottom (b1 b2) , the neckline N of the figure has been broken. First objective is 112$
Trade set up This chart that simple has to be on the radar, as where price goes from here has huge implications for markets more broadly, even outside of G10 FX. Any currency pair breaking to new cycle lows is telling a clear message, so the importance of the 1.1300 level (15 August lows), which has really acted as key support since November 2016, cannot be ...