Graphically (weekly chart) there is a good short signal on GBP/CAD. The currency pair is moving within a bullish channel, but the price has reached the trendline of resistance of the channel, a static resistance, and the 200-day Simple Moving Average. Not only. On the weekly candlestick chart (I used the Heikin Ashi chart) is forming, at the moment, a Doji with...
Hulliburton Company (HUL) has reached the 200-day Simple Moving Average, and this happens about one time a year. In last five years, the price has almost always broken the SMA (5 breakouts vs 2 bounces) resulting in big movement over the next few weeks. Will it be the same this time as well?
Eur/Usd is bearish in short-term, but its trend is clearly bullish in the middle to long term. The breakout of the resistance trendline most likely will push the currency pair in 1.28 area.
On the Heikin Ashi Daily chart, today was formed a Doji, and it could prelude to a bearish phase for the currency pair. Tomorrow employment data, so, caution.
Possible movement similar to the previous one on the Crude oil future (60-min chart)
Usd/Jpy is testing the support in 105.750 area, and it's likely a bounce until 108.650 area. In particular, if the price gets back above 106.500. You can see better the support if you use the weekly time-frame.
Spread recommended by SeasonAlgo with a long seasonality (exit date June 13). I'm already long since -0.029 but now it is got back interesting. I like this spread because in the last 15 years, except for 2014, It has closed the seasonal window in backwardation (i.e., in positive).
After USD/CAD has reached its lowest of the year (2017) due by the two Bank of Canada rate hikes, it has started to move within a bullish channel completing a Bearish Flag. Now the currency pair has risen to an interesting level. It has returned to the level of the first of the two Canadian rate hikes and very close to the resistance. USD/CAD to monitor (there is...
Only two weeks ago I wrote about EUR/USD: "Eur-Usd: the Eurozone economy versus the American one. If we take the distance between the floor and ceiling as "scenario", the American economy has already come a long way, and it is close to the ceiling, the European one has just left the floor to begin its ascent. So, in the medium to long-term, it is likely that the...
After the gap up (or Rising Window) following the last earnings released on February 8th, the price is moving within a symmetrical triangle with decreasing volumes (by the book). The first candle incorporates all subsequent ones, and the support and resistance lines are getting closer (about two dollars the distance). Soon, so, it is very likely that Twitter will...