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Rsioversold

USDJPY-Weekly Market Analysis-Mar21,Wk4Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it. When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the trade, if it doesn't, I'm going to exit my shorting trade and turn it to a buying trade.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Mar21,Wk4GBPUSD is in a sideways consolidation. This setup allows us to trade within the zone(green box). The setup is safer when we are shorting from the top of the green box, than buying from the bottom of the green box, and the reason for that is the previous bearish trend which coincides with the starting point of Point X on the Bearish Shark. However, if you are an aggressive trader, buying within the box can work as well and in the long run as long as you aren't flustered nor overtrade, you will be profitable.
Long
by RaynLim
Long AYX Reversal Strong Support SwingLONG AYX REVERSAL, STRONG SUPPORT, RSI OVERSOLD, SWING TRADE The fundamental's are actually at a decent spot. Main reason why it went was due to guidance forecast not being increased significantly which makes this an overreaction news. The current price is at it's STRONGEST SUPPORT level based on the last few years of formation. Combing it with the RSI being oversold at 20 it's another indicator reflecting it be oversold and undervalued. Forecast: Using the Bloomberg terminal the average one year target price for AYX is $150. This will yield a 55%+ return from its current price. Its high target price is at $180 and it's low target price is at $100. Considering the stock price is already at $83 or 17% down from the lowest target price only leaves it for an upside after the correction it had. If it reaches the high TP of 180 it leaves an upside of +$97 or (216%). Clearly there is more upside in this investment then downside. In terms of the Industry Analysis; the technology sector is outperforming every other industry. AYX is classified under software sub industry which is one of the best performing sub industries. The company is well diversified across the world and sells it's services in every industry which will be essential right now due to some sectors suffering due to covid-19. The services this company provide help reduce cost through automation, efficiency, and simplified programming integration therefore companies using these services will not cut this service out of there budget since its essential. Overall, the current price makes this company undervalued. The strongest support level has been reached due to an over-reaction but is positioned to do well due it's diversification, sub industry analysis, price target, technical analysis. The whole market had a correction; on the month Tech is down 5.6% and 1 week Tech is down 2.68%. Therefore it's no surprise the company fell more than the typical market correction among other variables.
ALong
by Monstelo
USDJPY - RSI & Stochastic Oversold! - and other confirmationsHi Traders! The market is in a strong Downtrend. As you can see the market also reached the Support. The momentum of the price decreased too. The market is at the moment in a descending wedge. The Trading Idea is simple: Just wait for the Break of the Upper Trendline. We have these confirmations now: RSI is oversold Stochastic is oversold Market at daily Support Decrease of Volume after High Price Action The faster the market reaches to a S&R Level, the deeper it bounces back (in usual situations). We recommend to trade the Breakout with a wide SL. Thanks and successful Trading :)!
Long
by swissmoneymakers
Trade Ideas Positions: CADJPY ABCDA bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned. One of the two to happen for me to engage the trade. 1. touch the blue line but not closing below it; 2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and retrace back down to the candle body to engage the trade. The decision of this trade will be shared with my subscribers
Long
by RaynLim
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