IBM is on risk of 5-year downtrend after falling out from 1st standard deviation from 5-year mean. Additionally, price has fallen out of 1st standard deviation from 1-year mean, this is on short term downward risk as well. Thus unless price trades back above short term risk order @ 150.5 - and then back above larger downtrend risk border @ 157.5 - risk of...
S&P 500 closed today above key level, which is the downtrend border in relation to 1-year and quarterly mean. The level is the lower 1st standard deviation from 1-year and quarterly means aligned, now standing at 197.5 The close above cancels downward risk that was initiated during late August selloff - and if price trades above it from now on - it will likely...
Longing audcad from this resistance to the last top. Pinbars/dojis confirm our entry. The blue dotted trendline also speaks in favour of a long on this pair for a 1:2 risk:reward. Hold your thumbs!
USDRUB attempts 2nd time to break its quarterly downtrend, started back in June by breaking below the 1st standard deviation from quarterly mean (66-days) However only the tag of the mean itself (now at 61.05) will declare the end of the uptrend
Exxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st...
There is a potential Gartley Pattern with amazing R:R. We have nice structure, which increase probability of this Trade. Price respected 0.9242 zone few times. T1 - 38.2% T2 - 61.8%
USDRUB held uptrend test on 1-year and quarterly basis (bounced back from 1st standard deviations from 1-year (264 days) and quarterly (66 days) means). What is strange, Russian Ruble continues to fall despite downtrend in WTI oil has failed recently. (see related) If price continues to trend upwards (above 66) - likely target is 80, a level outlined by Russian...
AUDUSD confirming another test of its downtrend on weekly basis, by bouncing of lower 1st standard deviation from weekly (120-h) mean. Expanding volatility (marked by 3.2 standard deviations from weekly mean) is confirming the risk of further delcine. Traders can take short off the lower 1st standard deviation (at 0.6940) and stop at the weekly mean (at...
WTI Oil recently broke down into the 10-year downtrend by falling below 1st standard deviation from 10-year mean (120 month), and confirmed it by holding the test of the level (now at 56.5) As long as price holds below the level among expanding volatility (marked by 3.2 standard deviations from the mean), risk of lower prices persists.
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,...
Chevron Corp is on risk to fall further on macro and micro basis. On long term basis, despite price is trading within 1st standard deviation from 10-year mean, it fell below lower 1st standard deviation from 5-year mean, risking more downside. On short term basis price is in fully fledged downtrend, trading below 1st standard deviations from 1-year and quarterly...
GBPUSD is on risk of a macro breakdown (see related chart) On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean) Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375)...
USDCAD is trading laterally recently around its weekly mean. Currently price is again at its relevant range upper border, marked by 1st standard deviation from weekly (120-h) mean. Volatility is compressing, hinting us that another mean revertion is likely in the cards (downwards this time) Traders can pick shorts close to the upper 1st standard deviation...
CAT is on risk of both long term and short term downtrend. On long term basis, price is trading below lower 1st standard deviation from 5-year mean (at 80), risking a downtrend on 5-year basis. Price has also broken below 10-year mean (at 77), so it has no major support there - and is free to go down. On short term basis, price ii trading below both 1st standard...
GPBUSD is risking to enter into a downtrend on quarterly basis, with price falling out of flat lower 1st standard deviation from quarterly (66 day) mean at 1.5390 As long as price trades below the level, risk of further downmove is very high - it can trigger volatility expansion (marked by 3.2 standard deviations from quarterly mean) The risk is only cancelled...
USDCAD is on risk of breakdown from its relevant lateral trend, marked by the 1st standard deviation from weekly (120-h) mean. Traders can pick shorts at the lower 1st standard deviation (@ 1.3200) Stops should be placed at the weekly mean (@1.32550) Traders also should mind incoming news events next on Tuesday!
WTI OIL tagging its relevant downtrend border first time since it started its descend back in July, marked by lower 1st standard deviation from quarterly (66-day) mean. If the price manages to break above the border, chances are the downtrend is over (or at least current leg of it). Full stop of the downtrend, however, can only be declared when the price trades...
After a sharp up move earlier this week EURUSD has retraced its gains significantly. However it did not yet enter a downtrend on weekly basis - price is returning to its 1st standard deviation from weekly (120-h) mean amid compressing volatility (marked by 3.2 st deviations from the mean) Thus the price is likely to revert up to the weekly mean within a day or...