SilverTrader925

SilverTrader925

USDCAD is testing the top of its channel, you can see the fading momentum as the candles are slowing down. RSI has run into resistance and the Stochastic is ready to turn down.

SilverTrader925

The major uptrend has been tested, price is also diverging with RSI and is now above the EMAs - Long

SilverTrader925

Price has run into a major low and demand zone, the RSI is trending higher showing some divergence, if price breaks trend expect a retracement to the major trend line and 61.8% fibs also, keep stops below major low for a 2:1 trade.

SilverTrader925 Updated 

XAUUSD is forming a H&S on the H1 timeframe, look to be short on a break of the neckline, this is backed up with divergence on the RSI. We are also at the top of the bearish channel on the H4 timeframe.

SilverTrader925 Updated 

Price is making lower lows but the RSI is trending higher showing the downward momentum is fading, a break of the channel confirms my long position.

SilverTrader925

This is the daily chart there is a head and shoulders forming if it follows through and breaks down we should see price move down and find support at the longterm trend line. The short is also supported by the fading momentum shown by the RSI Divergence and the Stochastic is in the overbought area.

SilverTrader925

We look to sell a break of the counter trend line, price has found resistance at the 38.2 fib level, RSI is also diverging.

SilverTrader925

Pair is in a strong down trending channel, we look to sell the pullback at the top of the channel and around the 61.8 fib retracement level. The safe haven Yen continues to get stronger as markets fall and investors are in risk off mode.