Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon!
But I seem to find signals that it will be an upward breakout instead!
-Stochastics have shown a bullish divergence
-Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level
Seems like it could be a...
Support and Resistance zones for NZDJPY with Fibonacci levels to keep an eye on. Price has recently bounced lower from the 50% Fibonacci level, with price currently experiencing a small bounce on the edge of a key monthly support zone.
4 Hourly analysis for CADJPY which is currently in two upward channels. Price action has moved away from resistance at 61.8% Fibonacci level, now it is stuck between trying to move lower away from the 50% Fibonacci level and 4 Hourly resistance zone. But price is currently being supported by the lower trendline of the 4 Hourly channel.
Despite all the fuss and fears about US stock market recently, on macro basis SPX looks fairly good.
The index did break its 5-year uptrend (in relation to 260 week mean - now at 2015) during August selloff and for now stays below its border, However the price did not even test is 10-year uptrend (in relation to 520 week mean).
What it tells us so far that the...
Pfizer is doing pretty well on long term perspective
Price has tested and held the 10-year trend, by falling to 10-year uptrend border (at 30.5) during August selloff, then bouncing back up from it
Price is also currently restoring its 5-year trend, however it is yet to trade above the 5 -year uptrend border at 33
Nothing stops the price from trending upwards -...
simple trade idea, the trend shows higher highs again as we can see with the 200 period simple moving average. This pair is usually quite stable waving up and down and the RSI and Stochastic show it is a good moment to long. I will enter in this trade unless any bad surprise on Monday.
Any opinion is welcomed.
Goodrich Petroleum close to bottom resistance of the upward channel. I propose long entry at about 14.85. First stop is quite aggressive at 12.50 (small position) and 2nd stop less so at 11.54 (bulk of trade).
History shows that ETA to 2nd profit target is about 100days from entry date.
Price has been moving up for a long, long time now. Creating a really nice weekly uptrend (the blue dashed lines).
We have several respects on the top line, but more importantly, we have 3 respects on the bottom trendline. This makes for a really strong trendline. There's also lower trend "zone" where price only goes to hit bottom line, but wants to reject...