1. EUR/USD EUR/USD rebuffed the ~1.1430 resistance area, the fourth time this year, and the 200 ema closing on Friday as a bearish engulfing bar. A ranging pattern between 1.1430 and 1.0820 is quite apparent. Although it can be argued that signs of an up trend are noticeable since July 2015, a retest of price at the previous low at 1.1080 or trend line in the...
On long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means. On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages. Moreover, current short term lateral range is outlined by the 1st standard deviations from...
Looks like it is respecting the zones / channels / ma's very well. Characteristics of PA is very well intact in this instrument. It looks like it has broken the mid pivot to downside, so natural expectation is to price to follow to the end of the channel which also coincides with range mid pivot. Stops would be above the top of the range / ma's / mid pivot of channel.
Coca-Cola trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral. On short term basis,...
Cisco Systems trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is combined from 5-year (260 weeks) and 10-year (520 weeks) means and is at about 22. The higher level is combined from upper 1st standard deviations from the same means and is at 27. Price trading within 1 standard deviation is not...
This is a WEEKLY chart of the SPY. My main goal today is to point out some of the levels I feel are important. Why are they important to me? Because we have seen these levels come into play in the past. If you read my ideas you know I am not about trying to come up with a reason why these levels have come into play in the past. Nor will I attempt to answer...
GBPAUD has been consolidating for the past two weeks and has confined us to a wide range between 2.11-15. We can see the midrange structure acting as a key point of interest (shown with arrows). The multiple downside rejections and the descending channel indicate that we will see another push to test the highs of 2.148-2.15.
I am looking to enter a range trade within a possible new rising trend channel being formed. Intending to open multiple positions with the first TP point labeled on the chart. It is a fairly conservative and purely technical trade. It should play out because any meaningful breaks of the trendline are unlikely until the heavy news day for the CAD this coming Friday.
AUDUSD is trading at weekly (120-h) mean with no apparent slope. At the same time, volatility (measured by 3.2 standard deviations from the mean) is also flat and is likely to compress soon. Price is likely to trade in a lateral fashion for some time - within the 1st standard deviation from weekly mean. Traders can pick trades both sides within the lateral range...
This pair has been consolidating in a ~200 pip range since mid July. Both monthly and weekly price action shows there is no real bullish or bearish momentum. As can be seen, the range is formulated by the 61.8 and 38.2 fib levels, with the 61.8 acting as support and 38.2 as strong resistance. On the daily timeframe, it is evident that the 38.2 fib is acting as...
I am suggesting a trading opportunity for the GBP vs USD. Today we had major news with the USD which affected the price. Price had been sitting inside of a range or a bullish channel before the news this morning. The news event took the price outside of the range channel which is located at 1.56897 top of range and 1.54905 at the bottom of the range. We had a very...
Natural gas is trading sideways within 1st standard deviation on quarterly basis (in relation to 66-day mean) since May 2015. This creates good trading opportunities for those who know how to deal with the lateral chop in the markets. Within compressing volatility (measure by 3.2 st deviations from the same mean), traders can pick longs and shorts toward the...
Recent expectations in the media regarding Federal Reserve rate hike look a bit overblown. What the Fed is actually planning to raise is the Target Range for the Effective Federal Funds Rate. The Effective rate, however, now trades firmly below the upper border of the range (0.25%), signalling no actual pressure to raise the Target Range. The nature of this...
AFTER A BREAK OF THE TRIANGLE/DOWNTREND, GBP/JPY APPEARS TO BE BULLISH AND OFFERS UP A DECENT RISK TO REWARD TRADE. ON THE 4H CHART THE 150/16 DAY MA'S HAVE TURNED AWAY FROM EACH OTHER FOR THE TIME BEING, INDICATING A POTENTIAL CONTINUATION OF THE LONG TERM UPTREND. TARGETS CAN BE SET AT 193.90's, A BREAK OF THIS LEVEL COULD LEAD TO AN EXTENSION OF 194.35, THEN...
Price broke out of the previous range / consolidation and is bouncing off the broken resistance level that turned into support. Next we are heading to a retest of the 270 resistance area. Volume confirms the breakout and MAGNUS Cycles indicator gave a buy signal, too. RSI is hot but not yet overbought, allowing for more upside action to unfold. A break of the...
Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can start scaling into the respective trade. Make sure not to buy into a potentially premature breakout at point (E). Targets are based on projections of the widest distance within the triangle, down / up from the apex. For the up-target the...
The concept here is to use the KEY EARNINGS LEVELS as the important beginning and ending for your regression analysis. That way you KNOW the first and last points are extremely important price levels for the stock you are analyzing. Many times people use various, inconsistent methods to determine where to begin and end regressions and it yields unacceptable...
--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break...