I was analyzing Daily chart of NZDUSD two days ago (watch link in the bottom) and mentioned that something is different this time.
I was talking about potential short term bounce off of support and then potential break down of support.
this is how i navigate this chart on short term time frame.
I use my moving averages and levels of support/resistance to...
The Biotech ETF has been hovering around 8 and 21 day EMA to build a tight range. Mixed action but still above 200 EMA at $222.30 which acts like support.
Powerfull breakout above $233.80 could attract more buyers.
But I will be watching both sides.
Daily chart: head and shoulders resolved to upside after it broke neckline at 0.91000. We had follow through to 0.94610 then entered into complex pullback (bull flag) which was broken up with potent, igniting candle and now it is building nice upper level base above all key moving averages.
Shorter-term tech analysis:
Pair entered into rnage bound market sith...
Last Signal
Green Triangle Up = Long Signal
Stop 24 ticks
Using the MT AutoFibGrid for your trade management target and trail zones
BreakEven Zone = 23% 101.82 - reduce risk by 50% -
move stop to -12 ticks
Target 1 = 101.95 to 102 - High
Target 2 = f50% 102.16
trail to below f23.6% at f50%
Range Grid Below Shows we are 50% of the session range - before the...
With markets down around 1% this biotech company showing us relative strength.
It is trading on highs above all key moving averages in very tight consolidation above previous swing high @ $85.50.
Entry here and expect break up of $88.50. If market will show us some strength, this stock could be a good candidate for long.
Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market...
The modest strengthening in the yen has alerted the calculus for investing in Japan so USD/JPY deserves close attention for the week ahead.
Previous week it broke down consolidation support 102.000-102.040 and had nice follow through to 101.421 and entered into wide range with slightly bias to downside.
I expect to see retest of previous week's lows and...
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down.
There is no well defined level of support confirmed by price action, so...
Daily chart still in major uptrend but it is more range bound market, so it makes sence to trade tactically both sides.
After it failed above resistance zone pair established downtrend. Broke below previous low of the day means that sellers are interested in lower prices.
Significant support zone 1.38509-550 where i can take some off from my short position,...
**NT Missed** I have the expectation that NZDUSD will be revisiting the top of it's current trading range. Price needs to make New higher lows in order to create a valid entry.
NSH - New structure High
NSL - New structure low
NLL- New lower low
NLH= New lower high
After the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.
Entry range - 1.0850 -...
