Similar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also the trend...
A short on Lend Lease prior to earnings. RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
BITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade.
So Bull gets to watch out for a possible Pullback.
It is still in Range, so it is up to the market.
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Overbought is well known by traders.
But, what on earth is "Crazy Bought"?
Before, it is hard to explain and let people understand "Crazy Bought".
After two days' pump and dump, it should be easier now.
Crazy Bought is a new term defined in "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator, which is one of the 9 Seasons: Bull (Green), Bull Pullback...
RUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.
The long-bullish rally of EURGBP could be coming to an end with a bounce off a major resistance barrier.
The targets have been indicated, with the second target a high possibility if the first target is reached and surpassed.
CROUSDT is at a good technical point.
It's the first time since it's been on Coinbase, it has reached overbought levels (RSI(10) over 70)
I would assume this technical trend is especially important for cryptocurrencies.
We maintain a bearish outlook on the entire market, and are using the 298/299 call credit vertical to assume our bearish position. We are selling the 298 calls while simultaneously longing the 299 calls to execute a risk-defined trade. With a breakeven of 298.37, we make our maximum profit of $37 per contract when the underlying price drops below that of the short...
The Price formed a rejection candle with a strong momentum so we are expecting the INDEX to continue the bearish trend as it did not break the strong resistance.
Also the Price made a doublé top with MACD with divergence
RSI shows overbought
Today's trade started and the price is upward supported by Ichimoku System reaching 122.330 , currently Stochastic index recording an overbought in parallel with the end of Ichimoku buying signal which indicate the probability of bearish corrective wave
GLD, SPYDR Gold Shares ETF backed by the physical commodity, has increased dramatically following the dovish Fed sentiment out of yesterday's June FOMC meeting. Central banks worldwide have begun to indicate that they are willing to begin cutting rates, or to resume Quantitative Easing (QE) and balance sheet expansion. As Chairman Powell shifted away from the...