The 20 day moving average is a strong point which plays big part in how the future trend is set and detected. Setting up for a trade, short term selling from under 1.23 to 1.2270 may play a good trade short term trade, below it is stronger support directly to the 1.2200/1.2190 trend line support where more buyers are emerging. Be careful and follow also everything...
Long Entry: break of 1.82865 SL: will be right under the breaking point Short: Entry: 1.82865 SL: just above the resistance at price: 1.82865 Also a Bearish divergence, have formed. the price will go up a little before confirming the divergence Look in the RSI and the orange line in the chart, divergence is marked with cirkels Description: An long entry can...
Hello Traders, I have been fiddling with the idea of applying the same model used to predict Financial Markets to Economic Data.This is my first attempt at applying the model to such data publicly. Consider this post an experiment. Taking into consideration some fundamentals (and a little bit of rationalizing); Since the auto industry bail outs of 2008-2009...
The next targets could be fibo50%, to 1,120, and the next test of the trendline at 1,129, close to the 0.618 fibo important to understand if this bullish sprint really hiding something more than just a swing upward in a movement facing down... RSI+ MA seems now near a new attempt for a bullish momentum and direction.. The market movers that await euro-dollar in...
If GBPUSD data unfavorable at London times then I am short at 1.4420 aiming for 1.4350 on hourly based Chart. And on long side I am aiming for 1.4280. Let's See