The NZD/USD has been in a significant downtrend since July of 2014 as the USD strength continues to rule the FX Market.
We have seen quite a dramatic pullback within the NZD/USD that has now set us up for an excellent selling opportunity to trade back in line with the overall downtrend.
We have 8 factors of confluence on the daily chart that support a bearish...
Eur/Usd Pair is absolutely downtrend mode now. I believe that, This week eur/usd pair going 1.10 level. But, I found short term bullish divergence in H4 chart. I hope, this pair retrece from 1.3024 point to going at least 1.1393 or 1.1422 point and we can sell this pair from those point.
Trade Idea:
Buy Entry Point =1.3024
Stop Loss Point= 1.1258
Take Profit...
Similar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view:
- inside bar following high test bar in pull back to 50ema
- price rejection at resistance at ~0.8210
- price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210
- Stochastic and RSI in overbought territory
- Stochastic and...
Steps an Investor :
+++++++++++++++++++++++++++
1. Buy BOND if recession focus |
2. Buy STOCK if stimulation focus |
3. Buy GOLD if inflation focus |
+++++++++++++++++++++++++++
The price of gold will go through $2000/oz at least $4000/oz
I'm going to GOLD, i don't care if you say my money sucking by market. will see ya......
Friday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely...
The AUD/JPY daily chart displays consecutive lower highs and lower lows with a potential short setup to continue the visible falling trend (supported also by downward trendline). The current corrective phase seems to be running out of steam in initiation of a potential impulsive phase, with the production of a bearish reversal price bar:
- ricocheting off a...
The orange lines are horizontal resistance
Blue line is 1hr resistance
Black line is monthly support.
Looking for price action to return to the lower bounds of this range / consolidation period.
Stop is place above daily resistance.
Check me out on www.zulutrade.com (profile is still pending approval
The fact that NZD/USD has reached major Support line on weekly + EMA 200 (on tradingview EMA is much higher i dont know why? on two other platforms is EMA 200 supporting weekly NZD/USD here it shows like break, check on your charts).
Scenarios:
1. Here we can get agressive bearish 123 and retest of structure, it may be powerfull if it break that support ;) So...
Waiting here to see what happens at this point. 189x area has become a strong resistance point. The most recent candle is still inside the prior bearish candles from 10/13 and 10/15, a break through the resistance and close above the 10/13 candle begin to look long, a close below the 10/15 candle look short. In the meantime just wait. Volume has also been weaker...
With price pushing up against this resistance area @ 1.28, which has multiple points of resistance (psychological, .50 fib retracement from early Sept, and horizontal resistance.) There is an opportunity to enter short, with a good RR ratio (2:1). With the overall trend being down, this trade would be in the direction of that trend. Use caution once price...
Price action has maintained a falling direction with passably uniform cycles below the 10 ema and trend line resistance offering entries below conspicuous high test bars. The moving averages are in their correct order and fanning out pleasingly. Tonight's set up is also an entry below the high test bar that has rejected resistance at ~17.60 and bounced off the 10...
A low test close on CHF/JPY presents an opportunity for a long position. Today's low test price bar has tested the 114.70 level and is likely to close above it as well as above the 50% retracement and the 20 ema. There is, adding to this setup, supportive hidden bullish divergence (trend continuation divergence). The Stochastic indicator is in oversold territory...
With the two day holiday in Hong Kong starting tomorrow the white collar sect of Hong Kong will be joining the demonstrations condemning Xi Jinpings proposal to screen candidates for the 2017 leadership election. I am looking at the index heading back towards the lows of May with the 0.236 fib level likely to act as the next support.
The clarity of higher highs and higher lows makes this pair stand out boldly in this aggressive uptrend. Price has retraced into previous resistance (now support), and rejected the 10 ema, 0.618 Fibonacci level and is within the bullish trend channel giving a low test close appearing ready for a rally north.
Entry - above today's low test
Stop loss - below...
Today's bullish reversal bar has rejected the 50 ema, horizontal support at ~87.55 and trend line demonstrating a bullish rally. Hidden divergence is noted on Stochastic and RSI.
After a break below ~1.8150 and a strong move down price has retraced back to and rejected the ~1.8150 area with the 0.618 Fibonacci level being in spitting distance of it, and the 50 ema as well with a close below. Stochastic and RSI indicate convergence.
Entry - below today's bearish bar
Stop loss - above today's bearish bar
Target - initial profit taking area...
