The following methodology on the chart is action and reaction by Alan Andrews. As for MACD and OSMA indicators, they are showing signs of possible bearish divergence.
For those waiting to short the Euro, don't even bother with the daily chart. 4H chart running out of space for another leg down. For the past 3 candles, since MACD produced a dead cross has there been any effect to the price? Just wait for a couple more candles for the indicators to adjust and the uptrend should resume. Whether the trend can hold, just look at RSI...
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
I am selling this stop with a stop above the 1.4800 level Looks to be a wedge peaking out at a resistance zone with some MACD divergence The MACD seems to indicate that there was not as much strength in this recent up swing and perhaps bulls are losing momentum. Could form a double top and perhaps a cup and handle price pattern. If we reverse here this could be...
We observe the USDGBP doubting. Above does not dare with the highest relative (0.77985) below marked tendencies, long haul at various levels. (075,299) - (0.73638). The MACD is bullish background with divergent personality. The price probably show some volatility when approaching zero. www.fxstreet.com
Three timeframes, three bullish divergences H4 suggesting that we are near the end of a bearish cycle, I will be buying the pair upon M15 confirmation (as soon as Stochastic RSI forms a higher low and Schaff Trend cycle shows a flat line)
Confluence: 1. Deceleration @ .86 Resistance 2. Bearish MACD Divergence 3. Oversold RSI 4. High Test Candle Formation Look to get 1:1 before going long
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Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready...
Based on weekly chart, it is about time for the market to choose a direction. MACD has 1 leg in Heaven and the other in Hell. With the shorter Leg in Hell, it would require less momentum to pull it back. Who will win, we shall see.
daily chart almost hit RSI30. Currently stands at 30.6 so we should not be too far off. However, we should be mindful that it could plunge through 30 intraday and close back. It is quite meaningless to look at anything beyond 15min chart now as no indicator is good from hourly onward. Any possibility of rebound is resting on the smaller time frame to hold onto...
A short term downtrend has been broken and there are several indications to buy. Volume has been increasing, MACD is showing it is about to cross, Stoch RSI is showing that the stock is not trading at an overbought level, and it is trading just above the 20 Day Moving Average which has been acting as a line of support/value for the past few months. Also with the...
Why is oil so BEARISH? The trend is so strong because it is beyond the monthly charts. The reverse applies to SPX. I do think that we have printed a low at 26, there could still be a chance for this current adjustment to break 35 briefly to scare everyone and everything off the table. So hang on to your boots and enjoy the ride.
The Bulls has only won half the battle. MACD is neither an angel nor the devil. Same thing as usual, adjust your aperture and monitor the movement from there. If this cross is successful it should be worth 300-400pips on a 4h chart. You can set your profit target there. Once it hits, it will begin to go sideways as per what we are seeing on the hourly chart which...
It has been 10bars since the MACD cross happened. Another 16 more days to go. Enjoy while it lasts. As usual, the challenge will be to break RSI 50 level. We can forget about the gap if this cannot pass through.
Price has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
1st weekly target already hit, not very safe to enter now. Now is the time to wait patiently for RSI to retrace to 50 level before deciding on the next step. It is 21bars since the last MACD cross, if the retrace is deep, it might go down to meet the MACD (green circle); which I doubt so. Any thing beyond 23k is already pushing the envelope. For this chart, the...