Copper (11.9.2014) traded as per our last report & after finishing the levels , fall back very quickly. Now copper is trading around $3.0693 & as we can see on charts, its reaching to the lower tradeline current descending channel. However the momentum is very strong & it may break the channel , still few more indicators providing best opportunity for a shot...
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
This came up on our Smart Money Scanner yesterday. Double bottom extremes trade. This is looking like a tight trade. Good risk/reward combined with good potential for a second target. Entry: 9.66 Stop: 9.53-1.3% Target: 9.99-3% Risk/Reward: 1/3
-Price is at a major supdem zone for the second time, so that makes is risky. -Major bearish candlestick, so that's another risk. -Price is at 61.8% fib, so that's good.
Gold (29.4.2014) traded lower once again & reach to $1268 mark, however some fundamental issues made it little more volatile on charts. Now gold is trading below $1300 once again & as we can see on charts, gold kissed the broken trade line which was unable to hold prices up 3rd time in mid april. The upside reversal we witness in gold in last 2 times is making a...
What do you think? Will the btc/usd move like this in the next days?
EUR/AUD - 3 HRS Chart Technical Analysis
Hello guys, tell me your opinion. I am thinking to trade like this. Is good? I am a newbie on Technical Analysis Follow me on Facebook: tinyurl.com
So after a bullish unemployment data, the Aussie hit a high resistance level and is dropping lower. There are some important observations to bear in mind. 1. This could be a possible Cup & Handle formation we could be looking at. (Represented by the blue channel lines sloping down). Its still early, but this pattern is worth keeping an eye on. 2. Price quickly...
For the moment it looks like there is some bouncing between a small range. ATR has shown some support but hasn't been increasing up with all of these up movements. For now it seems to be dying on the down moves, but more time is needed. DC has been showing that there is an upward trend that has been forming as it has been in OVERBOUGHT territory for some time....
Amazon still in correction mode (see previous related chart), below many MAs, kissing the lower bolinger band, and still within the narrow trend. Although on this way it covered 2 previous gaps that were unfilled, there are several resistance levels (blue lines) that it may bounce of. For now, lower lows, lower highs, and a possible Elliot wave action (either...