Daily price has retraced up to a key resistance zone and the 50 and 200 ema golden cross From a candlestick perspective we have one candle that shows indecision on Wed and Bearish engulfing on Thursday.
Re-longed gold on Friday, 1W and 1D both still look very healthy for bulls. Cross on 1W MACD, with the 5EMA looking to cross through the 50/100EMA. We saw a big bounce off 1220 on Friday which served as strong support and reassures me of my long position.
On the 1 day chart, price broke above the triangle pattern and is trying to cross above blue base line. The lagging line is also attempting to cross up over price. Last, the 50 DMA is trying to cross up over the 200 DMA. Thanks for viewing my chart. I'm new to charting/trading, so any corrections or help would be appreciated.
HP Inc: Surprisingly Good Financial Results That Shouldn’t Have Been Surprising www.itbusinessedge.com
First off let me start by saying I am hardly a technician . My interest here to publish this idea is more for my own learning. Since buying some of Bulkowski's books, I have recently begun to delve into the technical realm. In other words, don't put any great amount of faith in my work, and certainly don't use any real money based on my prediction. I just hope...
A long term bearish trendline has recently been broken, and the downtrend seems to be reversing. Watching for price to break above the 200MA to go long and then wait for a golden cross.
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
This has been on our watch for 2 months watching and waiting for clear decelleration + technical confluence to look to get lon, and this weeks finish looks to have completed that, breaking out of the Bullish wedge upon many key confluent areas as highlighted on the chart. This all stacked together looks like a excellent Reward / Risk potential trade coming up in...
Coke is short and if it breaks 45 load more :)
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.
Looking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise. While a Golden Cross is a well known technical indicator don't get too exited because it doesn't seem...
XAU/USD Market retreated again from 1200-10 resistance zone which giving signals about ability for trading zone between 1150 - 1210 Market closing to Janet Yellen 2-days testimony while market supports 1180 Below 1180 market will face 1170 and 1150 as support levels, while resistance at 1200 and 1210 www.tradingsignalreviews.com