Australia dollar is starting to retrace its gains after flirting with 0.750 resistance. A bearish close today below 0.745 could see the declines extending back to the price zone of 0.73 - 0.725. Establishing support here could pave way for a new leg in the rally back to 0.745 and eventually to 0.76.
After briefly testing sub 1200 levels last week, Gold quickly reversed its losses after Friday's NFP report. Monday/Tuesday was relatively flat but today's price action showing some early gains. Above 1248.55, 1260 remains the next key level to target. But a pullback/correction is missing To the downside, 1230 - 1220 levels could act as support. Forming a...
After rallying strong on last Friday's NFP print, EURUSD has remained flat on Monday/Tuesday, forming an inside bar at the top end of the rally. A breakout is therefore likely to set the direction in the near term. To the upside , 1.140 is the key level to watch, a break higher could extend gains above 1.140 but keep prices range bound below 1.15. To the...
The RBNZ did not cut rates yesterday and did not jawbone the Kiwi's exchange rate. The resistance at 0.70 has now been breached convincingly and any dips to 0.70 could remain a buy, if validated by price. To the upside next level of interest is 0.72, July 10, 2015 high. But looking the Stochastics here, there is a strong hidden bearish divergence which signals to...
NZDUSD has been in a steady uptrend after prices broke out from the falling wedge, since the past week. The rally now reaching the familiar resistance of 0.70, which has held out two times previously. Mind the stochastics showing a hidden bearish divergence . RBNZ June meeting is up later tonight and the CB is expected to hold rates steady at 2.25% (but could...
This is the chart, we (median line/divergence) group were studying in real time. By combining divergence, median line & support/resistance levels. The notes are on the chart. Today is the last day to join the group. (Will close registrations end of day) Sign up here for those interested: goo.gl
After few trials here's a new pitchfork Looking for price crossing down red trending line Must go lower than 2085 area to validate short position There is plenty of support and resistance lines, try to ignore them for now, just look at callouts for focus Short if price is going in red area Cautious if over 2094.8 Stop loss 2105.7 Long over 2110 green area...
Actually bearish divergence in formation with MACD Also price near pitchfork ML, watching for crossing down In combination with trending line in red see callout on chart Short under 49.27 cautious if over Stop loss over 50.18 Long over 50.91 Actual target 46.75
X Marks the spot as potential reversal seems near
Looking now at the chart, we notice there could be a potential retracement to at least the 2070 area within a couple of days.
Price is starting to get a bit over extended in Crude. Wait and see if price can break 49 to the psych 50 level. I am sure there are a lot of buy orders at 50.
Price broke down, and is testing and holding near lower Median Line on Modified Schiff
As predicted using the Median Lines, you can see that price has dropped significantly. Look for continued downward pressure to lower Median Line parallel.
Daily chart update of twitter.com #MedianLine
Chart with MedianLine, testing TradingView ML tool. Idea from stocktwits.com
macd crossed j hook pattern get our book on amazon best pattern bollinger bands expanding good candle rsi strong strong cci top of percent r and cci money flow strong good long base
Entry at the retest of the Pitchfork line (Bread and Butter setup)