On the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Significant bullish divergence. Multiple oscillators print positive divergence with price action. 3) Bull flag break out with 350% target projection. Is it possible price action prints lower...
Using momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose...
Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Both price action and RSI resistance have broken out (1-day chart below) 3) Regular bullish divergence (1-day chart below). 4) Both points 2 and 3 are also true for the...
During the past week, the gold market continued to conquer new highs, reaching $2,431 before stabilizing around the $2,400 mark and closing the trading session at $2,392. From a technical standpoint, we observe that gold prices are still trading above the SMA 20, 50, and 100 lines on the chart, indicating a buying bias. Additionally, the Relative Strength Index...
Overall, the market has witnessed the continuation of an upward trend as political tensions in the Middle East show no signs of abating entirely. From a technical standpoint, the Relative Strength Index (RSI) is currently in overbought territory. This is seen as a signal that the market may undergo a short-term recovery before resuming a strong upward trajectory.
PEPPERSTONE:US30 It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
** warning - tiny market cap ** On the above 3-day chart price action has corrected 90% since June of last year. Astonishingly sellers have returned price action back to support. Is now a good time to go long? 1) Oscillators prints bullish divergence with price action. As a matter of fact more oscillators print positive divergence than the previous time price...
Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179. (which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points). Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer...
Hey Everyone!!!! The details is shown on the graph. Liquidity zone is broken as well as Stochastic Divergence occurs. This, the CADCHF pair is expected to go down to the previous resistance (order block zone 100% (TP1 and TP2). Let's see what happens Good luck y'all🙌🏽😎❤
🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe. 📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration...
another stock that we have zero clue what it does, but chart looks perfect. weekly rsi broke to bull side eq. 190% TP from entry. could even run higher.
USD/JPY is currently maintaining stability around 154.50 amidst unpredictable market fluctuations. According to Reuters, the currency pair reversed losses after a high-ranking official from Iran stated that there is no immediate plan for retaliation against Israel's missile attack on Iran. This has reduced the likelihood of escalating tensions in the Middle...
Stocks inched lower yesterday, but not Wells Fargo. The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out. Second, Bollinger Band Width highlights the narrow consolidation since early April. Will...
GBPAUD give breakout of LH , also bullish divergence occur indicate that buyers are in control. We can attempt to buy by placing buy stop. SL , TP mention in chart
The British Pound (GBP) found temporary support near the lowest level around 1.2400 in the European trading session on Friday. The GBP/USD pair remains weak due to political tensions in the Middle East. Based on technical analysis, the Relative Strength Index (RSI) is trading below the 50 threshold, indicating a downward trend in prices.
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
The DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads. The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend. The DAX hourly chart...
GBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran. Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...