On the daily time frame price has arrived to the equilibrum level. It is trading rading at the major uptrend line and at the Kumo. It will be very interesting to see how EURUSD will behave here. After undecision and retracement to/above 1,3800, the 4 Hrs bearish trend resumed, and is still intact. The daily Kumo is very thin, so theoretically it wouldn't be...
222 is a very good support for USDHUF. 4 Hrs Heiken Ashi printed double green bar from the support, with MACD crossing bullish. Buy 222,20 - 223, Stop loss 221,90, First target: 225. Please see my previous post on EURHUF too:
Since I have been chasing Gold reversal for some time now, I do not want to comment too much these charts. Left panel 4 Hrs with Ichimoku. Right panel 4 Hrs Heiken Ashi. Looks finally it is turning a bit bullish corrective. First target: 1315-1320. Then we'll see how it behaves in the cloud.
Bund tried to break higher, but it was enough only for a Kijun retest. Price turned down again from 144 level, and by now is back into the Kumo. 142-144 range is expected to stay for some time, but the bias is bearish. Slow Stoch sell signal, MACD turnind down again, DMI is zig-zag with low ADX, Future Kumo bearish cross. Sell in 143-143,50 range in more clips...
After breaking below prev. range bottom, EURHUF started a new consolidation phase within the daily Kumo. Since daily Slow Stoch is oversold and will be turning to bullish soon, I recommend to close all shorts and start looking to accumulate small contra longs in 306-307,50. (stops to be placed below 305). I expect a wave up to 310-311 levels next. Maybe it can go...
Daily: Price traded back into the Cloud, but cloud bottom blocked the move. Slow Stoch turning bullish. 4 Hrs: DMI is turning back to bullish, and Chikou Span will hit price candles soon. No more signals for now, but it will likely bottom out. Strategy: Build small long on pullbacks in 0,8265-0,8285 range. Place stops below 0,8240. Size up only if we see...
And the higher, daily time frame is still bullish biased. I already called attention ytday to reduce short eurusd exposure, as daily Slow Stoch was turning up. By now actually it gave a buy signal. Also daily DMI swings back to bullish. 4 Hrs setup has changed a lot. DMI is now bullish, and px flirting with the downtrend line of the contra bear, while also...
Good morning, good day, good evening Ladies and Gentlemen, The chart set is exactly the same I posted yesterday about DAX. ( ) The reason I post it again is to underline the change: 4 Hrs chart delieverd a reversal HA candle, which was followed by a bearish candle as well. In line with that the daily chart printed a pin bar reversal candle as well. Slow...
Please ignore this chart, sent by mistake from iPad. I refresh and resend it in a minute! Please check the full post at:
But maybe it is just too much. On both timeframes it has become overbought. (See Slow Stoch). It is end of Q1 (I almost mistyped it "end of QE" hehehe), it has to stay high today due to window dressing, but my bet is tomorrow we can see some profit taking. I don't recommend any new trades here (I am stuck with my May maturity Long Put options anyway), except...
The selling pressure maybe easing a bit on the oversold Gold around this 1285-1290 support level, but it needs to break above 1300 either today or tomorrow to start the corrective move. Heiken Ashi (right panel) maybe also suggests the reversal is close. In that case we can expect a spike to ard 1325 level first. It is not easy to play it with good risk reward to...
I've just published an USDCHF idea before: Not surprising, everything that I wrote there above is exactly valid for EURUSD in an inverse way. EURUSD may spike up to 1,3800-1,3815. Or may stay here 3730-3780 Unless it breaks below 1,3700, it is not a very good risk/reward to keep too much short any more. Especially if starts to trade in a range 1,3720-1,3780 I...
Since the break of the inner downtrend it moved quite bullish. The 4 Hrs Ichimoku structure is still bullish, but there are also some warning signals that suggest current bullish momentum may loose steam a bit here. Let's check these technicals: Daily: MACD bullish, Tenkan/Kijun weak bullish cross can happen soon and also DMI is bullish now, BUT ADX is dropping...
Despite NOK used to be one of my favourite ccys, I have not been paying too much attention to it recently. It was a mistake. I missed this sell setup and short entry two days ago, even though it was so obvious. EUR already sold off on all crosses, except this one. The setup was there, I even realised it in the morning, I just hesitated too much to enter the OCO...
This is a multi-time frame analyses, sorry if first looks a bit confusing, but I think it is interesting to see how time frames support each other. Charts are : Daily with Ichimoku, 4 Hrs with Ichimoku, 4 Hrs with Heiken Ashi candles and 9/26 EMA + 100 WMA. Since my last post on WTI, the Long trade idea worked pretty well and quickly. However for swing traders...
Obviously Nasdaq100 has been trading very poor recently. 4 Hrs setup is still fully bearish, and volatility is increasing. Price action compared to other indexes suggests there's a rotation from previous leaders into lagging equities. In fact (besides a lot of other fundamental factors) this is not a very good news for US equity bulls in general. But let's have a...
Despite fundamentally HUF is the weakest chain among EM ccys, technically we have interesting change now which we have to pay attention to! Daily: DMI crossed bearish, MACD has had massive negative divergence for some time now, Tenkan/Kijun printed a bearish cross (weak sell signal as happened above the Kumo), the higher lows of the chanel (which is the same as...
Check list: Daily - Down trend broke, Price moved above Kijun Sen and retested back. MACD bullish, Stoch points up. However what is missing for a real trend to develop: ADX dropping, with DMI likely to show some zig-zag in the close future, Chikou Span (blue line) is hitting the price wall, Future Kumo is flat, and of course price still trades below Kumo. We...