$DXCM: Likely to revisit $292.5- Weakness since May 11.
- where you are long or short, it would be wise to wait for a retest to $292.5 and see the price action before making any trades.
Weakness
Tata chemical - Sell side - Fall below 280 take the price to lowTata chemical - Sell side - Fall below 280 take the price to lower level of 255 and 243 . Forms shooting star and Open=high on daily candle which is indication of bearishness.
Short
CNX PHARMA - SHORT TERM TOP FORMEDPharma index has seen a rally of about 55% in the past six weeks, that's a huge and quick rally that the indexed had witnessed after a long time.
The pharma index has reached a level where multiple price rejection had seen in the past [ market by circle} and this week prices resisted at the same levels.
Now , it looks like would correct or we could say retrace some part of its rally that started from 6242 levels.
9800 - 9650 : Resistance zone
8200 -7900 : support zone
Short
GBPAUD - BEARISHcould we see something like this play on GBPAUD for next week? a Break of the psychological key area of 1.93000 will indicate a strong bearish move to the downside.
Short
BTC/USD prepares itself to increaseWe can observe the volumes are weak. The were a range before 9h00.
There's no strong signal to enter the market with the assurance you're going to win more than a tick.
CAD BEAR MARKET I HAVE BEEN CALLING FOR OVER A YEAR!REGARDLESS OF THE DOLLAR'S STRENGTH AGAINST OTHER CURRENCIES, THE CANADIAN LOONIE WILL SHOW MASSIVE WEAKNESS!
SHORTING CAD WILL BE AN EXTREMELY PROFITABLE TRADE AS CANADA WILL BE THE FIRST WESTERN NATION TO EXPERIENCE HYPERINFLATION THIS DECADE!
THE CANADIAN ECONOMY IS EXTREMELY FRAGILE, INEFFICIENT AND LACKS PRODUCTIVE DIVERSITY! NOT TO MENTION FASCIST AS HELL!
Long
Weakness in Dow Jones is stronger.Weakness in Dow Jones is stronger.
Support 24656
Last support 23583
-1070 points fall is till remaining.
U
USDCHF - What's next after the Bearish Wedge?Hi Traders!
As you can see, the market is now in a downtrend.
But the downtrend is very old and the power of it gets weaker.
The last strong move the market did was the bearish wedge pattern.
It moved down, then it made a consolidation wedge, after that it moved exactly that lower again.
If you look at the H4-Timeframe, the support at around 0.96300 is not broken with strong momentum as it should for continuing the trend.
Instead, it stopped moving and is even moving in the other direction, towards the Resistance.
Possibly it is going to make a double top, but on the 1H-Timeframe we set our TP there.
We recommend to buy the trendchange with a TP at the next resistance.
Thanks and good luck :)!
Long
Continuation with Big NewsThe Swiss Franc is expected to put more pressure on the USD with its monetary policy experiment finally being over. Disclaimer: I am not your financial advisor. Caution: GDP ahead
Short
DXY Weakness97 level previous support has already been broken
now being tested, but cant close firmly above
there is also the weekly uptrend bottom channel line (purple) - confluence restance.
expect dollar weakness - ie EURUSD up, USDJPY down
lower timeframe analysis shows trendline (green) broken
Short
Hunting the Indians!The Indians are looking weak on this 3D time frame.
The theory of curves says (at the moment) that price is losing steam for the north. South is the greater probability estimate. Note: this leaves a residual probability for the north.
Disclaimer: Lose your money and sue yourself!
IShort
Short
GBPUSD - Upcoming weekness in GBP-Pairs! - Remember the Brexit;)Hi Traders!
The market started to rally on 10th October really fast.
It started at around 1.22100 and rallyed until the resistance at 1.30000:
That is around 800 pips in one week!
Because of that speed, the volatility increased and then the sellers came in at 1.30000.
They were pushing the price lower and now the market tries to go up again.
Our expectation is that it will fail to go even higher.
In addition we have the Brexit in one week, so we expect the GBP to become weak.
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Thats when WE get in!!:
We use the weakness of the GBP Pairs to sell the breakout.
We only trade until the resistance, but we need a bit wider SL! Be prepared!
Our target is to reach at least 150 pips and our Stop is around 100 pips.
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Thanks to all and good luck :)!
PS: Leave a like!
Short
GBPUSD ShortNice little rising wedge forming with resistance around 1.28477, also candles are weakening at the top of the wedge.
Would wait to see if it breaks the resistance although I think it will.
Short
MMM Bottoming Attempt FailsMMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
Revival or BreakDown?Tomorrow Open and Close will be Cruical as Bearish pennant Broken and lower channel is likely to break.
Watch and trade carefully as key support levels are evident.
Short
DXY ShortSellers came in strongly as seasonal weakness set in
Look for selling to continue till Mid-September where then it gets a bit choppy before the seasonal strength period in October
Support levels are marked on the chart
Short
LTF BTC updateAs you can see with my indicator i can see the support and resistance, Bounced perfectly from LTF support and touching LTF resistance, now in consolidation.
Will break?
I think a pullback before the next leg up to 11k.
Place your stop loss, if you're waiting your entry just put some orders from H4 MA20 and MA10.
STRONG CANADIAN RETAIL SALES REPORT COULD DRAG AUDCAD TO 0.88889AUDCAD pair is weakening for the last couple of weeks and a recent pullback from previous low at 0.8889 is now ready to fall again. This time probably re-testing 0.8889. Partial profit is set at 0.89379 while a stop loss is at 0.90577. Risk/Reward for this short trade is 1:1.3
PLAN YOUR TRADES AND TRADE YOUR PLANS
Short
Bullish pennant formation on USD/TRYDue to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile.
We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed bollinger bands.
Parabolic SAR shows the downturn and also moving average does not support the upmove so that we can also expect a steep down move. In case of a down break reaction, we have to watch 5,53 support line.
Good luck all.
Long
Sell Stop NZDCHF, if this triggers you won't lose.fundamental weak NZD with a strong CHF. longer term trade, use proper risk management
I do 300-500 pips per week. Check my bio.
Short
NZDUSD Long 3 to 1 or more - USD WeaknessHello all - DuncanForex here with another trade idea
With USD starting to realise weakness across the board
EURUSD has flow higher
Whilst GBPUSD has continued sideways due to GBP weakness
EURUSD is doing well and continuation entries have supported this driving higher today.
XAUUSD is a winner if you are in it (I'm not due to an overnight retracement taking me out before flying higher today :-( - however that is the way it goes.
With NZDUSD _ I am looking for this to head higher on sentiment news (Unemployment rate and Employment change) and catch up with all the other XXX USD bullish price action
So I hope you're in it
DuncanForex.com is now live
I look forward to seeing you there
Long