GBPUSD is proving equity is currently flowing into UK against major currency pair as this pair is tracing out a bullish structure. Current price action is well below key resistance zone of 1.31899/1.32922 and may have been overbought. Our view is that there is strong case for price retracement going into the week. However significant retracement is expected to...
Generally speaking it appears equity seems to be flowing into the Aussie crosses against minor pairs as AUDNZD traces out a bullish bias. However current price at 1.08999 is near critical resistance zone of 1.9307/1.9738 and hence further upside movement may experience some disappointment in this pair going into the week. Nevertheless, we expect price to...
Further to the earlier view that the AUDJPY pair was neutral, we have now adopted a bullish bias for the pair. AUDJPY pair appears to have traced out a bullish structure with current price action having acted like a bounce off 81.696/81.386 critical support zone. Next move appears to be shaping up for what looks like final wave 5 of a possible initial impulse....
USDJPY appears to be in what can only be said to be a rather complex corrective pattern in the bigger picture. However it does present some substantial trading opportunities. Current price is viewed as preparation for a bounce towards 115 area first. Close above there will target the 120 area as next realistic resistance. However we expect to see some price...
Further to our earlier view that EURGBP is bullish in the long term, we have adopted a near term view of the pair. Our view is that this pair has most likely adopted a bearish pattern, at least for the coming weeks, and our near term outlook is now bearish. Overall price structure seems to have traced out what looks like a truncated fifth wave upwards as shown...
EURGBP seems to be tracing out what seems to be the end of a complex corrective pattern. Price has already bounced off orange critical support trendline so further downside is expected to have hit headwinds. A daily bullish engulfing candle close of current price should bring price to touch critical resistance trendline shown first. Daily close above that...
the Demand has been hit on the weekly chart, confirmed by the close upwards.
CHK has shown many patterns over the last year, with 3 flags and a double top pattern, and now the stock has broken out a flag pattern and has had a partial rise and has fallen to the support trendline but has had a breakout, this position will lead to the support trendline. Also the 100 MA is providing resistance and thats where the stop is.This is also backed by...
AUDJPY is quite bearish. See chart for major bearish target in red confluence zone
The price channel for this security its very clear, a ressitance at $195, and a support at $187. The candlestick formation is suitable and supports out idea for the trade. We can also get some help from the inexes, which we think are going to take a resto from the bullish trendes for a couple days.The trade is pretty simple.
Trade idea for GBPCHF shown here. However take note of strong resistance zone ahead in the week for potentially choppy, time-wasting, account quivering movements shown just ahead
Technically speaking LULU has broken an uptrend line going back to 2009. The next support level is $45. Fundamentals Here is a good write-up on Lululemon. I favor buying dips, but I am waiting to see where this stock finds demand.
SM Energy Co. just had its dividend calls yesterday, in line with the street expectations. The stock has been in a bearish ride since last december, and we currently see a pullback which leads to a pretty nice short set up. Right now, the 24 ressistance is the entrance point for this trade. We are expecting that SM resumes its bearish trends, and our first target...
Well well well look who decided to come through. By chart analyzing, I predicted that MSFT would break through at the 65.25 area I got in at 65.23 around the resistance trendline. Hopefully it closes above resistance and I'll hold overnight.
$FB facebook trying to break 139.98 to continue the bullish trend #fb #stocks #stock #options #option #ichimoku #stocktweets #facebook