Fast move to top of current range. Stochastics turning up and the parabolic indicator implies the start of a move higher. For Elliott Wave,, could be a wave 5 of 3 of 1. Any EW experts here? If follow through on heavy volume comes in, some gaps above 15 and 16 need to be filled
EURUSD Outlook Technicals: - Stochastics moving into Oversold conditions - Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline - On a longer perspective, a...
AUDSGD Timeframe: H4 Direction: Long Confluences for Trade: - Price action at a Trendline Support - Stochastic Oversold momentum - Widening of EMA - Price action is close to 2016 lows, could be a strong support at such levels Suggested Trade: Entry @ Area of Interest 0.9675 - 0.9735 SL: 0.9619 TP: 0.9886 RR: Approx. 2.30 (Depending on Entry...
USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Price action at top of Resistance line of Parallel Channel - Widening of EMA - Stochastic Overbought momentum (W1, D1 & H4) - Fundamentally, market is starting to expect FED to be more dovish in their hiking path, and may steer USD weakness. Global demand is weaker which has affected oil prices...
EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Mid-Support in Resistance Channel - Price at Support of a Horizontal Trendline - Stochastic Oversold momentum (H4) - Fundamentally, EU-Italy impasse has shown some willingness from Italian counter-party to review their budget deficit numbers. Although not concrete, it should relieve some...
NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on...
EURNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Long-Term Trendline (since Feb 2017) - Price at Fibo 38% levels - Price around Horizontal Trendline (since Jan 2018) - Divergence of 8 EMA and 50 EMA quite wide - Stochastic Oversold momentum Suggested Trade: Entry @ Area of Interest 1.6610 -1.6750) SL: 1.6464 TP: 1.1.7228 RR:...
AUDNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price close to Long Term Support Trendline (since 2015) - Price at Resistance Line of Parallel Channel - Price at 78% Fibo retracement levels of previous Low to High - Stochastic Oversold momentum (W1, D1, H4) Suggested Trade: Entry @ Area of Interest 1.0585 - 1.0640 SL: 1.0541 TP:...
GBPJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Strong Selling area (since June 18, price has been sold down from this area) - Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely...
Alright everyone lets dive in and take a look at whats happening with COINBASE:LTCUSD today! Well....to be honest its actually not that much happening lol Litecoin does seem to have worked itself into bull flag, but seems to have slipped below a relatively strong inside channel formed long before all the LCC fork craziness sent litecoin's price every which way...
On April 12, 2017, the Russell 2000 ETF ( IWM ) 20 day moving average (DMA) crossed below its 100 DMA and the ETF also crossed below its 100 DMA. Both crosses have not occurred on the same day in the history of the fund. Historically the 20 DMA has crossed below the 100 DMA 26 times and the stock drops a minimum of 0.217%. It has a median loss of 3.957% and...