Major selling will be reversed now, the dollar will weaken this week TVC:DXY So if the dollar drops gold will rise, target 1 can be 1280 then 1300 long term after that
Will eventually fall to target, it's just a matter of time. An impatient person plays differently than a more patient person.
H4 Chart has a hidden bearish divergence with prices currently at 115.50 H1 Chart has a bearish divergence pointing to a correction to 114.00 D1 Chart almost 5 days of strong bullish momentum, so a pull back is quite likely Short positions targeting 114.0 (Counter trend) Trade Invalidation H4 Bullish close above 115.50. Alternately, look for long...
All the hallmarks of a text book trade oversold major lows all of that you know what to do guys start buying right now and lets eat right.
Bullish momentum should be coming to an end. wick of doji touching 20 ema, really overbought by Monday or Tuesday price should be lower sl placed near weekly high which is unlikely to be touched. 0.766 level mostly has bearish tendencies.
Please see annotated chart for details.
Price on resistance , hidden divergence with Stochastics
EURGBP you know how it go, self explanatory to be honest, simple
We just completed this bullish bat and signs of reversal are already there. This last leg down is part of a retest of the lower part of the pitchfork drawn. I do not have positions on DXY but always keep an eye on it for my other trades like XAUUSD and XAGUSD. Please see the related ideas that are online with this new uptrend. All comments are welcomed.
Major downtrend for many weeks being oversold all the time. Price is well below 20 and 50 EMA's a sight green candle shows sign s of a reversal, CAD gross domestic news may make the cad abit more weaker giving the GBP strength. The stochastic is confirming my bullish bias so the market shall go up.
SELL KS DOWN PRICE ACTION STOCH DIVERGENCE
This pattern has been testing the PRZ (potential reversal zone) and I am now waiting for my signal to long. I do like the fact that the lower leg touched exactly the channel of the pitchfork. Even though DXY seems to keep on its way down, there are reasons enough to risk a position here. The stop may be placed on lower swing and profit goes at least to following...
We just tested a support that started with brexit and continued with last low, and ever since we have been doing monthly higher highs and higher lows as described by the Donchian channels. Additional to that, last two dailies made a double bottom and DXY today showed clear new trend. This idea is as simple as it can be and is the very same definition of an...
Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.
Price rallied up to 1.1180 making new HH, but Stoch failed to make a new high. BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support. #Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become...
With the choppyness and slightdowntrend recently INDEX:MIB is going to see a bullish jump basic support and resistence along with the TL being broken shows a reversal (OVERSOLD). Price is well below the 50 and 20 EMA
This is the daily chart there is a head and shoulders forming if it follows through and breaks down we should see price move down and find support at the longterm trend line. The short is also supported by the fading momentum shown by the RSI Divergence and the Stochastic is in the overbought area.
Firstly some fundamentals. Basic materials have dropped 4.4% in the last month and 5.7% in the last week. In this sector mining has seen a 7.83% drop in the last week and 12.49% in the last month (source finviz and stockcharts.com). This specific stock has performed worse with a weekly drop of 8.23% and 14.02% monthly. This gives an overall picture of weakness at...