RIG is coming of divergence that sent price breaking resistance with momentum confirming the move higher by also making higher highs. RIG has since pulled back to a .618 retracement. I am looking for price to move past its most recent leg higher and test the 127 projection of this leg. With stops placed below the most recent swing point low, this trade offers a...
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...
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
See chart for target. Also, a good company that looks to do well in the future
Summary: Expect falling prices. The BTC price is below the monthly S1 pivot price and the slow MACD with settings three month moving average compared to half year moving average is also starting to show a downtrend with the first red bearish bar, while the faster one month compared to two month moving average is still bearish. The 10 day vs 20 day moving averages...
The long-term downtrend was getting less strong / weaker and the short-term uptrend was stabilizing. -- Chart published: 5pm UTC Sunday, December 21, 2014
The clouds are looking bullish. As I have labeled on the chart everything you want to see to be bullish is occurring. Also confirming indicators are all bullish as well. I think its time to take a long position
The key word of the last week has been whipsaw. This term is applied in trading circles when the price head’s in one direction, and then is quickly followed by a movement in the opposite direction. The price of bitcoin has entered a period of high volatility and is whipsawing all over the place. A few simple words here: traders beware. It is time to be vigilant...
Climactic widening of MACD spread and steepening of angle up/down can signal significant reversal is near: When blue line turns, look for a trade !!
3 simple rules and you are set. Try to get your entries close to the 20 SMA. If markets are not moving much try this on other markets, maybe stocks.
We are now in unfamiliar territory. The MACD technical indicator Moving averages has crossed over above 120 points 22 times since 2003. Of those, 22 times, 19 of them led to at least a mild pullback within a month. 3 times it moved sideways or down where no money could have been made at all within one month. The MACD has crossed over 200 points 6 times...
Positive MACD divergence, bullish engulfing bar, Renko printing a green brick 3-9 MA crossing positive.
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
MACD and stochastic are indicating new uptrend might start soon. Last time it happend was in the previous horizontal channel, and the price consolidated for quite some time, but never broke down below the horizontal channel. I suspect this will repeat itself this time before we continure higher, although I don't think it will take that long. as my previous idea...
GBPCAD is currently at the 5 months low resistance which functions as a neckline. I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high. Then it may be the start of a nice ride down.
GBP/USD finally broke out of the long period of consolidation which could lead price lower in today’s New York session. The Pound consolidated after it’s rise to 1.6275 resistance level which we have discussed last Thursday in the London Session Watch. The long term trend is still down as the short term moving averages (10 and 20 period) continue to stay below the...
I think bulls are seeing a large pennant, thinking that $470 will provide support along the lower trend line of the pennant. There is a possibility it might too. I'm inclined to think that it will not hold though. If this is a pennant, there is very little time and range to play around in, so it should break soon. The indicators that I use are all showing this...
MACD just crossed and RSI is moving back up. Price looks like it wants to test the underside of the 200MA.