Double top and eventually lower trends , stay short with this market.
Aggreko has broken to new lows on a relative basis against the FTSE 100. The shares are under performing the benchmark index and the support services sector over the past 3 months. Further weakness is expected. Sell with a stop above Friday's high.
Good evening, we have the chance to open one more position on the XAUUSD if everything will go as expected it will now become a pretty decent SHORT Trend where we can surely make some profits.
AUDUSD has formed a good short opportunity A completed Libra pattern has broken and retested the neckline, I am short at the purple line.
After taking in over 200 pips on our last USDJPY trade lets hope for some similar outcomes this week. I am looking to short in this resistance zone where price looks like it could be forming a double top with some MACD divergence.
If the trendline breaks, wait until MACD go to negative and atleast touches the line. That's the entry signal for shorting OANDA:AUDJPY
I think its time for USD index to drop a little back because of some bad datas about employment,NFP and so on,so i am expecting some retracement to 0.382level FIB , and then USD can continue to the sky :) thats mean i will short all USDXXX pairs and long the opposite including GOLD and SILVER :) Wish good trading week :)
nzdcad long term sell with technical price action analysis
1) BULLISH CHANNEL 2) BREAKING MINOR SUPPORT 3) ON A PULL BACK 4) CREATING A NEW LOWER HIGH & More... I would expect price to rally to at least 10624 as we are on a pull back.
FX:GBPCAD the daily channel is conming to an end, a rebound is must likely.
The triangle patter shows an expected fall for EURGBP
Please see annotated chart for details.
Since my last post, i stated that it had difficulty going past 46.20. If that fails that we are clear in the downtrend and we should short. Target is still 41.61 now. Action would start and the fall will commence significantly when the 20EMA crosses the 50EMA. Good luck trading.
Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA - Breadth Ratio ( NYSE:UVOL / USI:DVOL ) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day - Net Advance/Decline Line ( USI:ADVN.NY - USI:DECL.NY ) was below...