The pair is hitting support levels of 1.95 and has an oversold Stochastic signal.
140-139 is a key support level on the daily candles Plan is to enter a smaller position now and add size at 139.30 if there is a break below 140.00. Stop loss is set below 138.50 First resistance level of take profit level is 142.70 and 144 in extension
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The 4-hour chart of AUD/USD has formed an AB=CD Pattern. It is currently at the 1.618 Fibonacci extension of BC, which can act as a strong Support. As the pattern indicates this is a potential profit booking zone and the pair would also find support at this zone. Also, the RSI indicator is lurking below the oversold region. Hence we expect the pair to be bullish...
Potential BUY from support at 108.70 with the first target of 111.00 Stop loss below the triangular pattern.
Afternoon traders, Looking at Aussie dollar versus Canadian dollar as it trades around support levels from early March whilst matching up with extreme oversold levels on both RSI and stochastics. Additionally the move lower appears to be running out stream here both on volume and on price action with the pair sticking in a 30pip range for the past 24 hours....
MMM "3M" is a Dividend King. They have increased or remained dividend level for 56 consecutive years. Heavily oversold on the daily. Cup and handle forming on the monthly. Blue and Grey sky movement through the period of consolidation from historical reference. 3 Month Target $195. 6-12 month Target $220
Hello Friends, Here is another tricky chart that shows nothing but a continuous channel. All it does is stay within the confines of this channel rarely breaking above the upper channel or below the lower channel. There has been 4 incidences when we saw a spike pass through the upper channel, 3 of which did so in a dramatic fashion and quickly reversed back into...
Hello everyone! I hope you're well as usual, today I've discovered an interesting opportunity. Quick disclaimer: I'm not held accountable for anything you do if you use my charts as trading signals, or a source of financial advice. My posts are simply thoughts and opinions, as well as information that can help educate people or spark discussions. I'm excited to...
Morning traders, Lovely technical set up in Aussie Dollar versus US dollar after the recent strength in US Dollar taking this pair to the bottom of its recent 70 to 72 range including what looks like a false breakout yesterday down to 0.6988. Looking to enter a long at the market following a combination of technicals adding to support. Firstly we saw two back...
Hi! I see an interesting moment for GBPUSD. Volumes spiked on 18 April and I see a bearish push toward 1.2865, where GBP found subsequent Longs opens. Some of those Longs already cleared today around 1.3050 area, but I see as well more Longs opened in this area as the pair touched 1.3080 area. The range of the last hour still constitutes a good are for...
XRP can produce tremendous rallies out of nowhere. Weekly RSI 30-35 is a good signal. 2019 XRP price has performed extremely poorly despite bullish market conditions. It often displays a different market cycle to other major cryptocurrencies; vastly outperforming the market for the later half of 2018.
The Williams percent R indicator or %R for short is a technical indicator that oscillates between the value 0 and -100. The Williams percent range indicator provides us with valuable information about the strength or weakness of a trend of a stock, commodity, currency pair, cryptocurrency or any other financial instrument that has attached to it a...
Afternoon traders, US GDP smashing estimates yet again with a 3.2% growth versus expectations for 2.3% but this pair, Euro versus US dollar failed to trade (and hold) near yesterdays lows giving us confirmation that a near term bottom is in for the time being and that Euro is likely to head higher from here. US GDP is a high impact event and for all traders it...
in 1H chart: support level at 1275 oversold in RSI indicator hidden divergence in RSI 61.8% fibo retracement > Buy Entry : 1275.0 -Stop : 1272.4 (26 pips) -TP1- : 1282.0 (70 pips) -TP2- : 1287.5 (135 pips)
in 4H chart: Oversold in RSI indicator bottom of the parallel channel daily support > Buy Entry : 0.6580 -Stop : 0.6560 (20 pips) -TP1- : 0.6665 (85 pips) -TP2- : 0.6765 (185 pips) Daily chart:
in 4H chart: Gartley pattern Hidden divergence in RSI indicator Oversold in RSI indicator > Buy Entry : 144.50 -Stop : 144.15 (35 pips) -TP1- : 145.25 (75 pips) -TP2- : 146.80 (230 pips)
EURUSD* The technical cross-section**: Trend: -1 A strength of trend: -4 Overbought/oversold : none The priority area of transactions : selling Selling in the area of 1,1290 with a stop above 1,1320 and a profit in the area of 1,1210. Selling in the area of 1,1350 with a stop above 1,1410 and a profit in the area of 1,1210. The purchase in the...