Strong conformance to long-term Andrew's pitchfork. Lower screen indicators are not peaking, with the macd below zero; cci looks like its moving up towards 100; all signs of some bull movement.
Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc.
Signs that this isn't longer-term bull market: (besides global news and markets) price...
For every indicator/tool used pointing to bull or bear, there is another pointing the opposite direction.
If I had to make a choice however, I'd say this is bear. Failed attempt to touch median back in April, clear bear sign. Been coasting on lower parallel. Heavy resistance near 35 (from moving averages, along with prior resistance levels).
NZDUSD is trending up, with EMA 25/50/100/200 showing uptrend, as well as RSI trending up, MACD having a reduction of short pressure and SM is trending up with higher tops and higher lows. As such I will enter one position at .696, as well as a three orders at fibonacci level 38.2, 50 and 61,8. These fibonacci levels are close to the EMA levels, which should...
EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier.
MACD are starting to show bullish signs, as well as RSI is struggling near oversold...
Bullish trend within a upward trend line. Price action taking place as multiple doji's confirm the uncertainty in the markets, at the week support line now acting as daily resistance.
Short trade short to the confluence.
Long trade entry 1.12050 targeting 1.1600 onwards dependant on whether the trend does not break out through support into a reversal.
My analysis of what eurusd is going to do over the coming week on the daily time frame. Looking for daily close on the candle stick to verify my position here for a short short then into a long position testing that 1 week resistance line.
I'll be looking to get long around/in the yellow box area. Price is coming down to the lower portion of the channel. The 61.8 fib level is sitting smack dab on a previous support level. 200 EMA is setting up to pass directly through this yellow box as well, which can be used as an additional level of support. 50 EMA recently crossed signaling a potential shift in trend.
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail.
As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
Description: As shown above we have FX:AUDJPY . Currently this pair is
Bullish , Since breaking out of consolidation early March. As explained in the post before this we have 2 scenarios present, There is a possiblity we could close above monthly Resistance 86.40 - 86.70 we would likely wait for a pull back to that zone then LONG to 87.000...
GBPJPY is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to...
Been trading this down trend recently. I believe it will make a retracement which I will be trading before the eventual move down.
You can see the HH's and HL's and just broke through the 200 EMA on the daily (right) to confirm the downtrend.
Currently at previous support where I believe price will bounce back up to test previous support, (red line) now...
AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now.
We are looking at this as follows:
Pullback to value, get long on good technical signal.