NOKJPY has been on a 4H Channel Up which according to its neutral RSI = 51.365 and Highs/Lows = 0.0000 has reached its Higher Low. This is a signal to go long. This Channel Up is identical to the previous sequence that made a 13.010 High. On 1D (MACD = 0.026, Highs/Lows = 0.0133, B/BP = 0.0028) the trend remains bullish as long as the 12.600 support holds. Our TP...
Bitcoin has been trading on a clear Channel Down on 1W (RSI = 40.933, MACD = -740.500). The neutral Highs/Lows = 0.0000 suggest that the formation is on the Lower High zone and the chart confirms it. This typically calls for a rejection towards a Lower Low. However we previously had a distinct formation on this pattern with a -10.90% break below the Channel Down...
The index is trading on a 4H Channel Up (RSI = 69.786, MACD = 72.000, Highs/Lows = 56.2642) that has crossed into the overbought zone (STOCH = 95.784, STOCHRSI = 79.387, Williams = -3.343). Since the price is too close to the 11,570 1W Resistance, we will take this opportunity to go short and target the first Support on 1D = 11,300. This is where the 1D Channel Up...
The pair has made a Lower High on the 4H Channel Down. With 1D a Channel Down also on bearish stochastics (STOCH = 35.614, STOCHRSI = 35.614) it is more likely to get a decline now towards a Lower Low. Based on the -1.40% metric, we have a short TP = 8.52100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas....
XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DXY continues to trade on the 1W Channel Up started on May 2018. With 1W technicals mostly neutral (RSI = 53.089, ADX = 18.480, Highs/Lows = 0.0000, STOCH = 48.384) the pattern is indicating that we are on possible rebound levels. As seen on the chart the price is on the inner supporting line of the Channel (A). Technically the maximum downside is on the outer...
Gold is approaching a sell signal on its 1D Channel Up (MACD = 10.130, Highs/Lows = 21.9428, B/BP = 42.7360) and the RSI is next to turning overbought (RSI = 74.891). When the Higher High of the Channel is made near the 1357 - 1366 Multi Year Rejection Zone (hard selling for the past 5 years) we will go short aiming at another -1.70% pull back (based on the...
This study shows key trading levels using the the Pitchfork tool. We see some clear patterns from the median lines that create a Channel Up pattern. This pattern's Higher Highs (December 2013 and December 2017) have 0.75 Median difference. If the same scale applies on the Higher Lows we can assume that since the January 2015 Low was made on Median 1, then the...
The pair is trading on a long term 1W Channel Up (RSI = 52.526, MACD = 0.004, Highs/Lows = 0.0000). The very same neutral action on 1D also (RSI = 50.161, MACD = -0.002, Highs/Lows = 0.0000) indicates that the price has most likely priced the Channel's Higher Low. Technically a Higher High towards 1.39000 is next. Our long targets the previous Higher High at...
The pair is trading on a strong bullish 1D sequence which is supported on a clear Higher Low trend line. The price has just priced a Higher Low (RSI = 52.875, MACD = 0.002, Highs/Lows = 0.0000) and is slowly rebounding. Even though technically a break above the dashed line is expected, our buy has two more moderate targets: 1.83300 and 1.85000. ** If you...
Oil is trading on a standard 1D Channel Up (RSI = 64.843, MACD = 1.270, Highs/Lows = 1.5707, B/BP = 3.8940) and has just reached its Higher High. Technically we are expecting a pull back at this point with TP = 54.845 (risk seekers may extend the short as low as 53.275). Account for a + 1.20% noise (57.100) as the price action did on the last Higher Low. ** If...
EURUSD has printed a Channel Up on 15M and with 5H turning neutral (RSI = 50.487, Highs/Lows = 0.0000) after previously reaching overbought levels, we see a good buy opportunity on the current Higher Low. TP = 1.1340. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
The pair is trading within a 1D Channel Up (RSI = 60.868, MACD = 0.230, Highs/Lows = 0.1233, B/BP = 0.4609) and is coming off a strong rebound on a Higher Low last week. This is a strong bullish continuation sign and we are buying this with TP = 82.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
Bitcoin is on critical crossroads as the 1D Channel Down is about to break its 3,800 Lower High (RSI = 54.809, MACD = 0.000) and 4H Resistance. If it breaks (which is more likely on the medium term based on this ) then the price should aim at the 4,200 Resistance. Otherwise it will continue consolidating on a 4H basis within 3,640 - 3,800 until a new break-out...
The pair continues to trade inside a strong (RSI = 40.115) and stable (MACD = -0.001, Highs/Lows = -0.0102, B/BP = -0.020) 1D Channel Down. On a 4H basis we have a narrower Channel Down pattern (RSI = 38.913, STOCH = 20.125, Williams = -76.075) that was just rejected (1st sell entry). 1D signals out 1.28820 as the second sell entry (and its Lower High). Our TP is...
The pair is trading on a 4H Inverse Head and Shoulders (RSI = 52.384, Highs/Lows = 0.0000). The rejection near 1.36160 was strong and is a sign that the patterns aims at completing the Right Shoulder. Our TP is 1.35055. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
The pair is trading on a Head and Shoulders pattern on 4H (RSI = 67.566, MACD = 0.000, Highs/Lows = 0.0022) and should complete the Right Shoulder. This gives a good short opportunity on the current level. Additionally we see that the same H&S pattern was printed in November - December. TP = 0.67165. ** If you like our free content follow our profile...
WTI rebounded on Monday exactly on the 28 Jan low = 51.158 and 4H support and is now close to the 54.245 Resistance. If it gets rejected it creates the opportunity for a new short towards the support as 4H is forming a Head and Shoulders pattern (overbought on the Right Shoulder with STOCH = 83.318, STOCHRSI = 92.174, Williams = -13.879) and 1D remains neutral...