Believe price will continue to fall and test key level support of 1.21700 area.
This stock has been following a channel up pattern and it seems very steady. I would buy at the intersection between the 14,48 fibonacci retracement level and the trendline i drew on the chart.
Simple Trade but definetly a nice one with excellent R/R
For today will focus on European Central Bank (ECB) Governor Mario Draghi's speech this afternoon. Draghi's last attempt to talk up the prospect of further easing at the ECB’s March meeting had the unusual effect of sending the euro higher.
I was hesitant to call for a breakout of EURNZD on the 8th of feb, and at the time I would still argue I was right. However it has now definitely broken out and confirmed it very clearly by bouncing off the new resistance. My new thought is that a new channel has been created shown by the blue lines. This might bring us up to at least around 1.73.
looking for a long position at support lvl (orange line) 0.6900-0.6850
Previously I had complained about the 8$ spike making normal analysis difficult based on it being an outlier that distorts our outlook. Based on statistics, I have a healthy respect for the law of averages which is why regression analysis appeals to me. Using a regression line back to the years low at 1.056, we find that it happened 205 days ago, using this for...
As per my previous analyst broke TL - now approaching support - keep an eye out peeps
i think like this abcd is going to be complete and in that horizon line we have strong support
Check out my latest analysis on cable. Both scenarios presented.
Just an exercise. Make it yours, draw some fibs and look for areas of interest. Join us and @CRInvestor at www.therationalinvestor.co
Price retraced to open gap's support level, penetrated 12EMA, I doubled the range to set target.
MYEC has been consolidated above the MA50 the past few sessions with low volume. After winning the best Check innovation award its time to update the chart on some supports and resistances. Support zone in the mid 0.0170's Resistance sits at 0.0220 and 0.0240 MA200 sits at 0.0233 Both the MACD and the money flow has shown positive divergence as seen in previous...
with overwhelming bearish momentum and good risk reward shorting here is a good idea.. no description needed