200 Ma is holding as good price support hence, expecting price to pull back and test daily resistance @ 0.78019 zone before continuation of downtrend and break of trend line for short positions for a lower low to be formed. If we fail to see a break of the ascending trend line and resistance @ 0.78019 zone is broken we may see upside movements towards 0.79000.
#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down...
WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test. Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
Took a multiple lane set-up with compression on the bollinger bands. Used the 5ma as the trailing stop.
Daily chart update of twitter.com #MedianLine
The pair broke weekly TL which held since 2014 , and has retested. Now we can see clear market direction to the downside this is confirmed by MA crossover to the downside and a break of daily TL. Target 1 @ 1.292261 , Target 2 @ 1.282262 A lack of clear market direction has resulted in less analysis from us , when market conditions are not clear sit on your hands...
VIDEO: www.youtube.com CYPHER PATTERN PAIR: AUD/USD TIME-FRAME: 4HR TRADE: CYPHER PATTERN If we can get a push down on the AUD/USD Then we can look for an opportunity with a potential bullish Cypher Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart ...
Dow finding bottom, if the dow break the orange weekly support expect to head down further lows big times. I am more bearish because of the fact that rend has broken 3 times if the Dow, Or can ultimate bottom for a while then continue lower, as of now a slow down is significantly undeniable, unless we have a panic. and break critical weekly lows..
These days market is really unpredictable for the small movement (intraday) so pay attention to what you do. We'll keep buying again from $95 area to our target since we see it as a strong possible uptrend to setted target. DO: your homework, based on your account size/R/R/etc. DON'T: Take our trades as advices to invest in the markets.
USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for over a year. Not Including the late-August whipsaw low of 116.18, this creates a sequence of lower highs and lower lows. USDJPY’s multi-year uptrend is ending. The current trend is increasingly likely to bounce, and we recommend selling strength. We...
We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...
The chart above shows assorted real estate stocks, they aren't cherry picked and were random (except RAIT Financial), but you can see the trend. Get the hell out of real estate. Seriously if you have any real estate or RAIT stocks it is a great time to sell. This housing market has gone nuts from the years of 0%. Rental vacancy rates are at a 30 year low and...
I called out EUFN as a potential short on bad news for European Investment Banks. Although I cashed in on a pretty sweet trade, I still think this ETF has room to tumble. Notice that it is still solidly within a large Ichimoku cloud of resistance, and it does not appear that this asset has near enough momentum on the upside to break out. The OBV, MACD, and RSI...
We are Long GBPAUD on its break of the temporary downtrend since August. We believe the long-term trend is still intact and about to continue its move higher. With the 20 day Average True Range approximately 250 Pips, it's not too late to jump on-board this bullish trend. Risk should be 1x to 2x the Average True Range while initial target is 2.18000 with an...