What a beautiful opportunity here, let me walk you through the several indicators here that show we should enter a long position here. 1) The BB Rejections. The price has attempted to go below the bollinger bands for four times earlier and every time it resulted in a significant rejection. The market closed exactly on another bearish breakout attempt. I expect...
03/17/2020 USDZAR 4Hour Analysis Today Just adding some ideas about what this market could show over the next few days. T$ Let me know your results and ideas.
Shorting LINK naked is impossible. Shorting it Long/Short is a better idea. I'm in from 70 but target is 100-110, stop in the 65-67 region.
I have been long since 4/2/20 after a a nice daily rejection out of a great support zone. This pair came down to the bottom of a major trend line as well as support zone. Looking to take profit at 50 ema on the day chart. My risk:reward currently sits at 1:3.5.
Hello Only one day left before 2020. This is just an update. Thank you.
The pair is trading within a 1W Rising Wedge (RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line, but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500. ** If you like our free...
The pair has been on a rise since the September bottom but 1D has turned neutral again (RSI = 45.114, MACD = 0.000) as the price pulled back on the 1W Resistance. So far it has found support on the 1D MA50 but this is far from comforting as we had the very same candle sequence in September - October 2018, when the price followed with a strong bearish reversal...
The pair has been trading within a 1D Channel Up (RSI = 55.246, MACD = 0.410, Highs/Lows = 0.0000) since the August bottom. Last Friday we got a rejection on the 1D MA200 similar to what happened in April, so that requires attention. As long as the Higher Low zone (green shape) holds, the 1D MA50 (blue line) should support then next Higher High on the 76.150...
CADJPY has been on a strong 1D Channel Up (RSI = 53.040, MACD = 0.280, Highs/Lows = 0.0000) since August, breaking above the 1W MA50 (blue line) but was eventually rejected near the 1W MA200 (orange line). Looking back on the 1W chart this is a cycle that is repeated since 2006, with Death and Golden Cross formation marking it. At the moment the price is...
The pair is trading within a multi year Falling Wedge with the whole 2019 year being a bearish leg/ Channel Down (RSI = 40.270, MACD = -2.190, Highs/Lows = -1.6579) on its own. The 1W RSI has hit the top of the Falling Wedge and appears to be reversing. We take that as a Short Signal with our Target at 66.375. ** If you like our free content follow our...
The pair is on a strong 1M Channel Down (RSI = 37.575, MACD = 0.082, Highs/Lows = -0.1355) since the beginning of the year. We are expecting another test of the 3.7870 1D Support. Based on the RSI (despite being a bullish divergence) we are expecting a symmetric low outside the Channel. That should be the 3.7870 contact. ** If you like our free content follow...
Pattern: 1D Channel Up. Signal: Bearish as the price reached the 1W Resistance on a similar RSI sequence which previously delivered a drop. Target: 5.7450 (above the 1D MA200).
The pair has been on a 1D Channel Up since September (RSI = 54.610, MACD = 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI has been on similar levels a decline took place,...
The pair is trading on a strong 1D bearish leg (RSI = 37.148, MACD = -1.594, Highs/Lows = -0.8378) that has rebounded on the pivotal 30.000 RSI level. Based on CHFHUF's past price action on that level, we are expecting a medium term rebound to 305.000. On the long term, assuming the Support from the previous Monthly High holds (as it has done since 2018), we are...
Please see text notes in video.
The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is...
The pair stopped the uptrend near the 1W Resistance Zone (5.77540 - 5.78100) with the 1D RSI hitting 74.000. Based on that we are expecting a rejection to the nearest Support which is 5.71500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.