Buyers are active in the current price, and if the volume increase the price will break the resistance level and go beyond the resistance. If the prices come lower level and breaks 77.50 level it is predicted that it will move do down direction. ----4 hour chart---- In 4 hour time frame price is creating a value area, if The buyers are more active then the...
After a trading range starting in mid-2018 Vodacom has had a spring-like action during the market downturn. The comparative relative strength was outperforming while other stocks were falling. There was a pause at the yearly pivot point and 200 day MA but the price was unable to push below the trading range again. Today we have seen a significant bar with some...
After a trading range starting in July 2018, Alexander Forbes has been in a trading range. After an upthrust and tests forming lower lows price broke below the trading range. We have now seen a backup to the trading range and now a push lower again. We can expect the lows R2,80 to be tested again. If this is broken there could be more downside.
Hi, friends. What we have on usdcad chart window. Bulls still opening newly contracts and bears involved on correction. Target for bulls: 1.4194, 1.4247. Levels thanks to X-Lines script. Volume analysis - X-Volume script. Waiting your likes!
Evening Traders, Today’s Technical Analysis – CURA – holding a key support with the current volume clearly declining, a move will be imminent with a subsequent influx. Points to consider, - Macro trend bearish - Resistance confluence - Structural support being tested - RSI above 50 - Stochastics projected down - Declining volume CURA’s overall trend is...
Aspen has been showing strength but after a spring and signs of strength (SOS) price is now breaking out.
Harmony has had a large pullback but if we look at a lower timeframe we have a possible spring forming. Volume has increased as price reached the previous breakout level. There are better gold stocks to consider but it looks like even Harmony could take the next step up.
Following the trend in all gold stocks, Gold Fields has had a week pullback attempt and is now ready for the markup to continue of the oversold line.
Using the Wyckoff reverse use of trendlines it is possible that we have reached the oversold line. We are now looking for some (not necessary to be a lot) volume to trigger the next step up.
The markup following the accumulation range is in the process of playing out (see posts below following the progress). We have had a week attempt at a pullback which is reaching the oversold line and the previous breakout level. Time to watch for the next step higher.
Hi, friends. Today i want explain EURUSD trend. We have pivot levels 1.0906 and 1.0902 this levels cant been breakout down without bulls involving. So we go up to 1.0945, 1.0972 and then (maybe 90%) will go downward to 1.0879. Levels thanks to X-Lines indicator. Volume analyzys with X-Volume - link below. Waiting your likes!
Tongaat has been having their troubles but someone is buying aggressively below R5. We have seen a volume spike on the selling climax and now again on a spring from the lows. After a very week backup attempt to the downward sloping trading range, we could see some rally back to the upper boundary of the downward sloping stride. Buying weak stocks in a weak market...
We have been watching the bounce from the climax low in Sasol. After the breakout of the trading range formed following the climax (SC) low, we have had a break and back up (BU) to the trading range. This formed a spring on the BU and now we have broken the high and backed up (BU) to this range. There are some buying volume spikes on the springs and I am expecting...
Hi, friends! Found interesting to you situation with USDJPY. Like we see X-Volume show closing bears and re-buy positions from 106.49. And nothing open betwen 106.7 - 106.5. So i think we will go up to first TP level: 106.765. Levels thanks to X-Lines indicator! If you want 3 weeks of X-Volume trial write in private. Link below. Waiting your King Likes;)
Harmony Gold has been the weakest of the gold stocks (see post below). Even after good rallies in the other gold stocks, Harmony has still not broken out of the trading range. Even thou it does not seem to be the first choice there is high volume indicating buying and price is getting ready to break out of the range.
Large investors have been buying Gold Stocks since 2016. We can see the progression of this accumulation in the Gold Fields charts (see posts below). With the recent fire sale which even affected gold stocks, they were buying even more. Gold was being sold to raise cash but if we look at the volume others were buying. Now volume has decreased but we see ease of...
With the increase in the gold price and especially the Rand price of gold there is interest in the sector. DRD Gold was not one of the favourite gold stocks for investors but there is a shortage on the market so investors are turning to what's left. With the markup starting, most of the gold stocks are showing ease of movement on low volumes but we are still...