- Monthly is on a BEAUTIFUL Bearish move - EMA, 20, 50, 200 Weekly are Bearish - Stochastic "K", "D" Weekly Oversold - EMA, 20, 50, 200 on Daily chart are Bearish - It's getting closer to 52W Low - Chart Pattern Daily has created a Double Top - Stochastic on Daily, "K" cut "D" Bearish - Candle Formation is a nice Shooting Start
U.S economy resiliency is admirable and it is helping Dollar to go up, despite the inflation, Unemployment and fear of recession. 0- Monthly shows Bearish setup 1- EMA, 50, 200 on Weekly shows Bearish 2- Chart Pattern Weekly It broke the Trending Bullish and now it's Bearish 3- Stochastic on Weekly is Oversold *** 4- EMA, 50, 200 Daily are Bearish 5- Chart...
This pair is poised to go bearish to 0.66050 which is an important Support since 1986 and most likely will bounce back up again. Here is the analysis. 0- Monthly shows Bearish setup 1- EMA, 50, 200 on Weekly are Bearish 2- Chart Pattern Weekly shows a Shooting Star - bearish formation 3- Stochastic on Weekly chart shows "K" cut "D" Bullish but it can...
Here is a great opportunity for about 120 pips bearish move. IT will starts around 0.58500 to 0.56300. 0- Monthly is Bearish 1- EMA, 50, 200 on Weekly are Bearish 2- EMA, 50, 200 on daily are Bearish 3- 52W & ATH/L below 100 pips Clear 4- Stochastic is Overbought It has made two Doji`s and it's poised to go Bearish.
This pair has created Head & Shoulders and now it is forming Cup & Handle which make sense, considering the strong Support 0.65000 and Resistant 0.66050 since 1986. Stochastic shows that price is in Overbought area. 200 EMA is Bearish and holding solid.
1- This pair is trading in a "Continuation Rectangular Box". 2- All three EMAs, 20,50,and 200 are showing Bullish move. 3- Stochastic is in the middle and no sign of overbought or oversold. 4- 166.630 is the highest number that has been recorded in the past 50 years or so.
This pair will continue Bullish move. Double bottom has been formed and a Pennant is pulling back the slingshot to send the price higher. EMA 20, 50 and 200 Holding Bullish. It will go back to 52 Weeks High (Dotted Yellow line) at 7.37500 in the short run. Weekly chart is confirming this analysis.
After "Cup & Handle", it made a Head & Shoulders to go Bearish. It hit 52 Week High (Yellow Dotted line). EMA 20 (Red) & EMA 50 (Green) has been broken and now they are showing Bearish move. EMA 200 (Blue) still holding Bullish though. Let's watch it closely. I believe we will have some Bearish move before heads back to Bullish.
Here analysis for this pair as of now. 1- EMA 20, 50, 200 are Bearish 3- Chart trending Bearish nicely 4- Stochastic "K" cut "D" Bullish in the middle of the oscillator 5- 52 Week Low (Yellow dotted line) needs to be touched one more time and broken. 6- It has pulled back enough to start the Bearish move down to 52 Week Low
Here is the analysis for this pair. 1- It has been up trending for a long time. 2- The pullback Bearish is about to end as the candle formation is Doji followed by what is seems to be an Engulfing candle. 3- Stochastic shows almost Oversold around -20 4- EMA 200 (Blue) still holding firm for Bullish move. Ge ready for Bullish move.
Here is analysis for this chart. 1- This pair has formed a beautiful Double Bottom. 2- This formation is at the 52 Weeks High (Yellow dotted line). 3- EMA 20,50,200 are all showing Bullish move 4- Stochastic is above 50%, despite the Bearish move which is due to the pull back. 5- It has created a Pennant (flag) as a sign of pullback to continue the Bullish...
1- It is trending Bullish since 10/2022 2- It has reached 1.12757the 52 Weeks high and it's dancing around it. 3- After a Cup & Handle, It has made Triple-Top and it's hiding the trend line (yellow line) 4- In the last move, it made a nice Head & Shoulders in Triple-Top formation 5- It has respected 50% Fib. retracement 6- It has respected 200 EMA (Blue line)...
This pair is one of the interesting pair. It has a nice Double Bottom formation. It's a text book example. :) Stochastic shows over bought and still it's over 80. Wait until comes down and get reedy to bounce back up and continue Bullish move. The yellow dotted horizontal lines are 52 weeks support and resistance. The green line is Weekly strong Support. Right...
I am sure, you have read and seen many example of divergence. However, it's easy to miss this formation. Unless you have MACD and you are checking constantly. If you closely look at MACD formation, the Signal in Red has cut through the MACD line in Blue. Also, as the dotted yellow arrow shows, it is going up and making higher high. On the chart, you can see that...
This pair has made a kind of flipped Head 7 Shoulder. it has been moving up and inching towards 149.00 to hit it again. yellow dotted lines are 52 week High & Low. it's a strong Support & Resistant. your stop loss should be before 52 weeks High. 20 EMA, 50EMA, 200EMA are all showing sign of Bullish move. Stochastic shows over bought and you may need to wait...
On daily chart, it has made a reversed Head & Shoulder and it is coming back down to touch previous support. Additionally, Stochastic shows overbought. It means that the price will come back down to normalize. Last but not least, OBV (On-balance volume) shows Bullish move. Conclusion is that Bullish move will continue after a good correction. just watch it on 4H...
What a nice text book example of Double Bottom. It is a beautiful formation. I just realized it as I was busy with other pairs ... However, I believe there is some juice left and it can certainly reach 107.500 and potentially 112.00. Scholastic shows oversold above 80%. It means that will pull back before continue Bullish move. It is above EMA20 (red) ,50(green)...