Stay short EurGbp or, if you prefear, long GBP! Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney. At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis)...
Updated Version. I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart. Maybe some are missing, just let a comment to notify. But I think everything is there. I found out: - 3 majors RSI div. in blue. - 4 minors RSI div. in light gray. I called them like this because they weren't significant, as they were quite flat OR...
Updated version HERE: ------------------------- I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart. Maybe some are missing, just let a comment to notify. But I think everything is there. I found out: - 3 majors RSI div. in blue. - 3 minors RSI div. in light gray. I called them like this because they weren't...
As we touch black support line, I've found that the last time we bounced off it was correlated with bad news from China. Do you think that we can observe a repetetive scenario?
Plans for both sides for the next year. The upside is more likely in my opinion and has the potential to continue beyond my target of 1522. The downside is limited. If it continues going lower from 830, you can assume we are in a gold crisis or something like that. Anyways, once the current correction down from 1900 is over, you can expect a steep reversal and...
There's a strong double RSI DIV that printed a few days ago, this drop of momentum at the top may still have downside bias IF the low from Sept 24th gets taken out.
I continue my analysis and have found some interesting bats. It would be a fair ground for the hopefully upcoming green channel. The green channel is the reason, why I drew an alternate bat. Have a look also on the RSI. It may have just fullfilled my latest prediction based on the head & shoulders idea. Below you can check my earlier charts with ideas that seem...
Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
I've just came up with the idea of H&S in RSI and look - there was no clear downward head since July 2013. Is this sign strong enough to buy?
Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...
USD/JPY has broken previous weeks highs and is heading towards previous months highs near 105.40's. With price in the upper 104's and resistance at 105.40's, I'd expect it to get to the 105.40's before finally pulling back a little bit. The pair looks nearly exhausted. RSI is currently near 86. Look for a pullback before more US strength versus the Yen. Happy...
First of all, thanks for your feedback. On the left side of the fibo flag you have the price borders. It looks like 270 USD should be our last stop before going up. What do you think?
I've been looking for the Elliott wave and suddenly it became clear to me. Have a look at yellow retracement - it can be a good sign for the azure upward waves. I think that it confirms the green channel idea.
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
Here you are. The RSI has tricked me and turned back under the red line. The triangle pattern has repeated itself before, so it is very probable path.