We flipped from a deep red to green today on decent volume. I imagine we gap up tomorrow and test somewhere halfway up yesterday's (March 25th) candle which will decide if we continue higher or lower. Don't be surprised to see more sideways action in the form of a falling wedge or flag over the coming days or weeks. IF we gap down tomorrow then the 150dema is on...
Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...
A complex correction setting the base for a move down to wave Y to complete the WXY pattern. The complex correction should form the basis of primary wave 2. From here there are technical grounds for upward currency exchange rate trajectory. You may review the following for detailed fundamental analysis: technical-forex.com
The business cycle has become a simple fact of economic life. This is so for two reasons: 1) human psychology and 2) central bank interference in the global economy. The Federal Reserve's and European Central Bank's responses to the 2008 financial crisis created asset bubbles in the West, and failed to resolve the solvency problems of the European Union....
Due to QE, the EUR is going down, the major level for EURGBP is 0.6700, where the price can get to, but however, no one has cancelled a use of SL's. Sell Stop Set UP (short term) - 0.70600, SL above 0.70800 Target 0.7000 Sell Limit at 0.70875 Target 1 - 0.7050, Target 2 - 0.7000
USDCHF throughout febuary has been pretty bullish but there are key resistance ahead that could lead into short swing trades
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
On the lesser time frame charts it seems that most of the hourly pull back has already happened . I see this as being a good opportunity to get short to collect at least 20 pips (shooting low) I'm just trying to hit a single or double here not the best opportunity for the upcoming week... but none the less a pretty safe trade to start your week off with.
-You can see currently in an uptrending channel. -Looking at only bullish moves on this pair. -If break of 1.5600 level will lead to 1.5800
-Chart pretty much says it all. -Quick technical analysis potential short setup. Update: The neckline was not able to be breached so therefore no entries were triggered.
I do not trade Bitcoin and I usually do not analyze it but I've been getting some requests from MarketZone followers so I've decided to take a look. In the chart you can see possible bullish Gartley pattern which has completed already and the price is testing the PRZ right now. Interesting rally just below the 78.6 Fib line and also that if it'll cross back above...
> first there is the line daxn in pink , which indicate the moving average 10 ,as we see is a real great powerful tool ,that indicates the buy and sell signal : if the price penetrate the MA to the upside so its a buy signal , and if the price break the MA to the downside so its a sell signal , but we need to be careful , and chose the right MA (MA 9,20,50....)...
In 4h TF eur/jpy pair breakout triangle in upward mode. I think, its good opportunity to Long position in this pair from 135.050. That's it, best of luck.
I thnik, gbp/jpy pair is retrace from 183.351 for a nice trendline and support zone and also for fibonacci retracement. That's why I think , Its a nice opportunity for take short position from this point or we can wait for another confirmation. And in this trade setup we can take 1:1 or 1:2 risk reward ratio. So, don't forget to keep eyes on it. Best of luck.
This trading idea for aggressive C entry near 38$, was sent to the members in their weekly file. Since than, $TWTR rallied over 20%! On its way to 64? 70?
The $USDJPY has been trading inside this triangle formation approx two weeks. In which direction you think $USDJPY will make its break? From a longer term point of view, I'm bearish $USDJPY, but can't it make another upward leg? What do you think? Tomorrow we will probably get the answer