Pivot Points

Gap Close Limit Buy @ 7.50.

EUR/RUB 1D Chart: Rising Wedge The common European currency is appreciating against the Russian Ruble in a four month long ascending channel that has recently began to transform into a rising wedge. Formation of the wedge began, when the currency exchange rate tried to slide to the bottom trend-line of the channel for the second time. During the ...

EUR/JPY 4H Chart: Symmetrical Triangle The ECB President Mario Draghi’s speech last week caused a lot of anxiety in the markets and pushed the Euro into a symmetrical triangle against the Japanese Yen. The pattern has already two reaction highs and two reaction lows, which means that the current round most probably is going to end with the breakout. An ...

at the moment... UCS Pring indicator Is in the positive territory but the volume indicator Is below the critical volume threshold therefore the volume is too low for an interesting movement and ADX indicator is unconvincing because the selling force (red line) is a bit above the purchasing force (green line) so, sellers are stronger than buyers. Verdict: ...

Price has halted and is consolidating around Monthly R2, but we may see a test of the yet untraded Weekly Pivot Point before any upward action. Weekly Pivot Point stands at 1.1593. This might be a good level, if supportive, to long or add to longs, aiming for Weekly R1 at 1.1752 and above that Weekly R2 at 1.1840 and Monthly R3 at 1.1862. A taking out of ...

Good preceding trend. Look for indecision candle forming in the support area and wait for close of an indecision candle. Enter trade with a new high above the indecision candle. Set stop on the bottom side of the support area

If market price closes above the Pivot high level, go long. Action to Take: go long by entering stop entry order; or timing an entry based on short term charts with a limit order or market order. Take Profit Level: 114865 Stop Loss Level: 114073 Additional Factors: Total Risk of Account Equity: 2% or less

USD/DKK 4H Chart: Channel Down The American Dollar is losing value against the Danish Krone in a three week long descending channel. Formation of the pattern began shortly after the Greenback depreciated by 1.55% on June 27. In the second half of the yesterday’s trading session the currency exchange rate has bounced off from the channel’s bottom trend-line, ...

HKD/JPY 4H Chart: Channel Down The Hong Kong Dollar is depreciating against the Japanese Yen simultaneously in medium-term and short-term descending channels. The junior pattern represents a second rebound of the currency exchange rate from the upper trend-line of the senior formation. It seems that in the early Wednesday morning the pair has already ...

Just a quick trade after our run up from the bottom of the trend channel on the 4 hour chart for the last 10 days or so.

for me, a buy here at 171.30 and a profit target at 267.00 (+95) and a stop loss at 100.00 (-71) F. Normandeau https://www.tradingview.com/x/PUtB8osv/

1.4885

September Palladium is showing some signs of more upside in a turn around at 839.4 rejecting a fall to 820. Upside target is 878.05 if bulls can put Palladium above the 20 day moving average at 853.2. Looking for a double top outcome at 897.8.

...but Fibonacci resistance just ahead.

August Lean Hog has created a bearish flag today. Looking for fall through pivot at 81.7 and then to 79.825 which is a major support area for hogs tracing back to Feb 21, 2017. S1 may become a support area to another run up. If Pivot holds uptrend may form for possible double top. Hog index is still rising. This is still a bullish market. Initial Bullish butterfly ...

Weekly and Daily PA is very bearish and price will slight down further. Watch 1.054/1.045 as these are the area where bull may fight back.

September Oats is building out a bullish Gartley pattern. A tombstone appeared today and a previous sell off suggesting a downward plunge. Next downside target is through R1 and towards pivot at 268. Open interest is rolling downwards. Oats needs to break R1 resistance and stay under to be favourable. Breaking and staying under the 20 day moving average would make ...

This is a very optimistic view of the NZD. This assumes the US Dollar continues its run down. I think the TP1 is much more probable in the coming weeks and at a little over +100 pips I am ok with that.