Along with EURUSD and USDCHF, DXY is at a stage where a big change in trend is forecasted as all 3 pairs correlate like twin pairs and move in sync. EURUSD - Triangle (Terminal Move) USDCHF - Ending Diagonal (Terminal Move) and DXY - Ending Diagonal (Terminal Move) Other factors to take in to consideration. 1. Divergency are showing on all 3 pairs in almost...
This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions: 6 different moving averages Averages of moving averages MACD RSI Stochastics Keltner channels Pin bar patterns Engulfment patterns The indicator is designed as an oscillator and treats...
A couple weeks ago, I was probably inclined to short NZDCAD. Now the picture seems different. There is some disrespect for the weekly band of resistance and there is a complex upward trend that could strengthen. Sound traders shift their mindsets as new information emerges. I'm long on NZDCAD, having contracted to lose a controlled amount (alias stop-loss)....
CHFJPY has made an impressive move to reach the 113 level in a short period. However, this pair is due for a correction. With price rejecting this resistance level and bullish pressure easing over the last couple days, this is likely to be the start of a good sized correction/retracement before price continues higher. The red rectangle depicts the projected...
BTC is coming close to a decision. Of course there are two possible scenarios - Up and Down :-) I am displaying one in here which is dow to the bigger bullish trend line.
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Key points that I noted on weekly chart, 1. Lower Lows and Lower Highs 2. Bearish Pattern 3. Bearish Divergence on RSI 4. Bearish Harami Candlestick pattern It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going...
Everything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
Fundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...