DXY, US Dollar currency index: Forecast on H4.
In my previous post I called short to test the 200-ma. I believe this 200-sma on the weekly chart (at $3165 today) to be the bottom. Imho sell pressure is slowing down but it's still heavy, and while it is totally possible for a flash crash and immediate recovery, I don't think it is very likely. A possible scenario for recovery is a rounding bottom that will...
GBB/USD price has been consolidating inside a triangle, inside a long term range A price breakout to the upside could see price reaching the upper range line RSI bullish divergence increases the probability for upside move Read more ..
DAX: Weekly Overview! Chance to get back to 12.000 increases! Hey tradomaniacs, WELCOME to the outlook of EUR/USD. The currencypair EUR/USD seems to continue it`s downtrend and could move down to parity. Fundamental reasons could be the siuation in Italy not willing to desist from its high budget-plan (indebtedness) which got rejected by the E.U. which is...
Only short, every buy would be a higher risk exposed trade.
USDCHF, Downtrend forming on H4.
TrendLines Breakout, Fibonnaci Levels, Correct Precision
USD/CHF- SELL, Talking points, Technicals: One and a half year high this past wensday. you can see the reversal patterns. Weekly divergence on weekly chart gives me the final check for a Short. Also closed the week under Recistance area Fundamentals: Thanksgiving US Holiday (Thursday & Friday), Liquidity. Sentimental: Retail FX traders are...
H1: - Structure: Uptrend - Tendency: Upward - Above resistance => UP
W1: - Tendency: Downward - Test support w1 - Pattern: Triangles, Descending --> Waiting break=> Down !
H1: - Minor downtrend - Below resistance and 2 EMA => Sell
I'm actually long on NFLX stock but I think it'll drop over the next quarter. Overvalued compared to the other streaming services but lots of original content and a huge expected increase in subscriptions to streaming services over the long term. This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts...
As described yesterday, the buyers came in strong out of support areas at ~24100. Price broke through the 25000 level and created a new structure high by breaking the last highs as well. In the more immediate order flow price created a 1 to 1 to the upside reaching 25300. Price corrected strong and broke the immediate structure at ~25070. I am expecting price to...
We can see a down trend on multiple time frames when you plot the 20 MA Vs 100 MA. AudUsd is not trading along the 100 MA which may seems to be a rejection zone for bulls to come. Our overall view on Aud remains bear and specifically on audusd. As long the price remains below 0.7160 region, we are bearish. Do also catch us on our Instagram for more updates...
GBPAUD has rejected well from the resistance region and also had breakout of major Daily bullish trendline. Looking shorts only on this pair.