Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.
Hey people FX_IDC:XAUUSD is about to go down on the weekly, firstly this huge uptrend is about to end. Recently when price touches 1306 resistence is shown and price comes crashes down. Support is met on price and is touching 0.786 level on the fib and touching the 20 EMA soon the TL will be touched. Stoxh confirms direction.
a triangle was made on the USDCHF, W. among the possibilities we have an early breakout towards a strong resistance (red arrow), or a break for an hourly short throw the yellow trend line. Next to this the triangle could breakout at any direction. Lets see whats happens with the interest rates on thursday, if they stay the same this probably would be a good long...
Use a small amount of capital because this is a long position. The TP and SL are there, so first thing on Tuesday (Because of bank Holiday) Short silver long term downtrend did face resistance but price is touching 50EMA right now so this shows price is going back to normal!
Hi, Throwing up another chart from my weekly analysis for any feedback. A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test. I would be looking to exit...
USDJPY approaching the bottom of the range. Looking to go long to that 123.60 area. Tight stop below 115.70 .
Lots of short indicators. Would trade at least for the short term if not long. Keep in mind the graph is logarithmic so the gain could be quite substantial even with a quarter of target movement.
A breakout followed by pullback. Add to that, a symmetrical triangle breakout.
Nov 10 2015: BULLISH USDJPY Weekly:Breakout of narrow range consolidation (Analysis Based on weekly chart) Observations 1. For the past couple of weeks this pair has been trading in a narrow range. 2. Last week close broke that narrow range high of 122.01 3. I expect price to at least move higher to the 125.846 highs NOTE: Wait for price action to confirm the...
Nov 9 2015: BEARISH WEEKLY GBPUSD: Price break and close below support (Analysis Based on WEEKLY chart) Observations 1. Price has closed below the weekly support 2. Price respecting the top of the down channel NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
BULLISH USDJPY Weekly:Consolidating in narrow range (Analysis Based on weekly chart) Observations 1. For the past couple of weeks this pair has been trading in a narrow range. NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: WEEKLY GBPUSD in consolidation (Analysis Based on WEEKLY chart) Observations 1. Price has been consolidating for a couple of weeks 2. RSI close to 50 3. Price may break up or down. Potential targets are shown NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
BEARISH EURUSD WEEKLY (Analysis Based on Weekly charts) Criteria 1. Long term down trend 2.Price recently bounced at support/resistance zone 3. Recent strong bearish price action NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction. If you find this information...
Taking a quick look at the weekly I have highlighted areas that I believe are offering strong support/resistance that we need to be aware of. Moving down to the daily I have added an additional level to be aware of, which seems to be acting as intraday support/resistance, but is nowhere near as strong as the previously mentioned levels I pointed out on the...
#EURAUD on Weekly chart looks very nicely following zigzag pattern. As the major trend is down, so current move looks to be unfolding corrective Zigzag pattern where wave-A and B are done and wave-C is ideally targetted to be equal in size as wave-A. Good luck !!
Exxon is dealing below the figure 90 and just below the weekly 200 MA. A further breakdown here may offer short opportunities but if price starts dealing above the 200 MA and 90 figure then we will stand aside until a break of the resistance zones.