Good Afternoon Traders, The EURGBP may rise following the current draw-back. It appears the pair may enter an area of consolidation while the market tries to figure out exactly what it wants to do. The commodity backed currencies are causing turmoil to the EUR, USD, CHF, JPY, and GBP with the recent bullish expectations from investors. From a technical...
Hello Traders, The USDMXN appears to be continuing its downward movement following a short move upward. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. RSI has just moved out of OVERSOLD territory on the 12H as well. On the 3H, price is being rejected off the 50-EMA and Hidden Bearish Divergence is also forming on the MACD/Price Chart. Thanks...
Hello Traders, Hidden Bearish Divergence is forming on the 1D MACD/Price Chart for the GBPUSD. RSI is also hitting a moderate resistance level nearing OVERSOLD territory. I will be watching for the close of the current candle to finish the formation of Hidden Bearish Divergence. Thanks for reading. If you liked my analysis, please give me a follow. *The above...
Hello Traders, The USDCAD looks to continue its move lower with upcoming employment numbers out of the US and Canada. The USD has been weak with the world economy re-opening and it appears this trend is going to continue. From a technical viewpoint, Hidden Bearish Divergence is forming on the 4H MACD/Price Chart. On the 2H, the Hidden Bearish Divergence has...
Hello Traders, The EURCHF may be ready to pull-back. I anticipate a dovish tone at the upcoming ECB Monetary Policy Statement that may be the catalyst to cause a pull-back in the Euro. It is also possible this may cause some traders to take profits on their recent gains. From a technical viewpoint, the pair has hit a relatively strong resistance point on the 1W....
Good Evening Traders, I am not big on looking for trend reversals or draw back trades, but the EURUSD may be setting up for a significant correction. I believe the ECB rate decision and following press conference will be the catalyst that begins the draw-back. It appears almost certain the ECB will provide additional relief and stimulus relating to COVID-19. The...
Hello Traders, Bullish Divergence has formed on the EURCAD 8H MACD/Price Chart and the price may begin to rise. The pair is bouncing of a recent support formed around 1.5050 and RSI is also being rejected at a recent support. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the...
Hello Traders, Due to the recent spike and bullish nature of oil, HAL may continue its upward move. Hidden Bullish Divergence has formed on the 1D MACD/Price Chart. Price is being rejected at the 100-EMA so long-entry consideration would be made when the candle closes above the 100-EMA. Thanks for reading. If you liked my analysis, please give me a follow. *The...
Hello, The signal is moving in this triangle. I think it is likely that it will reach the first red circle (9k-ish) considering the RSI and MACD divergence. The median of the pitch fork behaved like a support on May 10th, it is a possibility that we retest it (second red-circle) at around 8k3-ish. The worst scenario being this support turning into a...
everything is crystal clear on the chart and we have MACD divergence on daily time frame and a 4H bearish engulfing candle. this scenario will be invalid after the close of a 1H candle above "1725". . . . . If you liked the idea click like and follow to see more upcoming updates. I'll be glad to know your opinion in the comments. This is just a bit of financial...
EURUSD MACD is showing divergenceon 1H & 4H frames, and hitting a strong resistance at 1.1 I belive it will go short entering price when candle at 1H frame closes below Kijun-sen line. TP1 is at fibo level 50 and ichimoku cloud at 1.0893 TP2 is at fibo level 61.8 1.0869 TP3 at 1.0790
Looking for AMT to confirm the false downside breakout and roo-tail and push back to the 240 mark, with further upside to 260. MACD divergence supports bullish outlook for the 5G service provider. Enter upon confirmation of Friday's roo-tail. Stop: just below the roo-tail, Targets as mentioned above.
Bearish elements: Weekly RSI crossing down its neutral zone Weekly MACD negative 2h RSI broke its bullish support Bearish divergence on 2h MACD An ideal trade would be from 2790 to 2720. However we have the monthly pivot in the way around 2776. Proposed trade: Direction: short Entry: 2790 Target: 2640 Stop: 2870 Reward / Risk ratio: 2 The...
Position name : EVX BTC Coin /token info : Everex is a blockchain-based capital transfer system that aims to enable and ease the financial inclusion of unbanked, or underbanked people around the world. Everex proposes the Cryptocash, a cryptocurrency, where each unit has its value pegged to, and a name based on, the fiat currency it represents. Users convert...
A retest of the the top at 912 sats before a correction or a dump to the support line near 600 sats? Divergence between 3 tops in MACD and the price. Price close to a strong resistance. Other scenario : price breaks the resistance and fly to 1000 sats and more.. and invalidate the MACD divergence.
The price formed an ascending wedge near the resistance zone and didn't break it so we are expecting a pullback until the support zone. We can see MACD divergence near the resistance zone. Comment your opinions!
The market has completed the 5th wave so we are expecting it to start the correction wave. There is high volatility at the moment but we are expecting it to start the bearish movement soon. There is a MACD divergence with the 3rd and 5th wave confirming that there will be a change of trend, be careful with this one. Comment your thoughts!