Bearish clues: - The general trend has been downward since mid of August 2021 - Wheat price has reached the resistance at $7.71/bu and the middle of the Andrews' Pitchfork - The price of wheat has already broken down a bullish channel - The price of wheat has already broken down the 50% Fibonacci retracement level of the last swing and the 78.6% Fibonacci...
Bearish clues: - The general trend has been downward since November 2020 - Cocoa price has reached the resistance of the bearish channel - The price of cocoa has reached the 50% Fibonacci retracement level - On the bearish resistance, a doji has formed (the candlestick shows indecision at the top and sellers are still there) - The price of cocoa has reached the...
Bearish clues: - Historical resistance at 1.23000 reached - Long-term bullish parallel channel is breaking down - Exponential moving average 100 is breaking down - 50% Fibonacci retracement level is breaking down - Formation of a double top Position taking advice: Maybe wait a clean break of the bullish parallel channel. Objectives: EUR/USD could come...
Bullish clues: - Sharp drop since March 2021 (3 months), which could be corrected - Volume is declining since May 12, 2021 (1 month) - Historical support at 0.69200 reached - Formation of a diamond bottom - Break of the Ichimoku cloud at the twist and break of the Tenkan Sen and Kijun Sen - Relative Strength Index (RSI) > 50 Position taking advice: Option...
Bearish clues: - Price has reached a strong resistance level at 1.22500 - Price has broken down the 100 exponential moving average - Price has broken down a daily bullish oblique support (in blue) and made a pullback on it yesterday morning - Price has broken down the important supply zone at at 1.21650 - 1.21750 - It is not a false breakout like on May, 28 ...
Bullish clues: - Selling volumes were decreasing - Price reached support zone at 13.115 USD (demand zone) - Price crosses upward the 20 exponential moving average - Price crosses upward the bearish oblique resistance (end of the falling wedge) - RSI crossed the 50 level The price of US Rice could reach the strong resistance at 13.455 USD, which is exactly the...
Bullish clues: - Price broke upward the bearish oblique support - Price broke upward the 50 exponential moving average - Bullish divergence on the Relative Strength Index (RSI) and RSI > 50 despite the strong decrease since March 2020 - Price reached a strong monthly support at 1.20000/1.20500 USD/CAD could now make a pullback on the bearish oblique support...
Bearish clues: - Downtrend since May, 10 - Right shoulder of the Head & Shoulders pattern in formation - Price has rebound on the 100 exponential moving average - Price has broken down an important bullish oblique support (in blue) and made a pullback on it yesterday morning - Price has broken down an important supply zone at 0.76920 - Price has broken the...
Bullish clues: - Price rebound on the bottom of the Andrews' Pitchfork, corresponding to a daily bullish oblique support - Price broke upward the 50% Fibonacci retracement level - Price broke upward the 100 exponential moving average - Lagging Span of Ichimoku indicator broke upward the upper band of Bollinger Bands - Ascending triangle USD/JPY could first...
Bearish clues: - Price broke down the bullish oblique support in hour timeframe and realized a pullback on it - Price broke down the 50 exponential moving average - Bearish Andrews' Pitchfork - Price a reached an important monthly support at 1.42000 - Price is now under the pivot point P of the Pivots Points indicator GBP/USD could reach the level of 1.40100,...
Bullish clues: - Symmetrical triangle - General uptrend since April 2021 - RSI above the 50 level and hidden bullish divergence since April 2021 - Price rebounded on the 50 exponential moving average The price of US Coffee broke upward the ascending triangle. It could now reach the monthly resistance at 168.00 USD. We can enter now or wait a pullback on the...
Bearish clues: - Head and Shoulders - General downtrend since begining of May 2021 - Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands - Price broke down the 200 exponential moving average The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel...
Bullish clues: - Inverse Head & Shoulders (Head and Shoulders bottom) - Price crosses upward the 200 exponential moving average - Price crosses upward an important price level (lots of volume at $39,500 / volume profile indicator) - RSI above the 50 level The US Bitcoin reached the price level of $40,000 and formed an inverse Head & Shoulders chartist pattern,...
Bullish clues: - General uptrend since August 2020 - Price rebound on the lower band of the Bollinger Bands - Price rebound on the 50 exponential moving average (support) - Price rebound on the Kijun of the Ichimoku Cloud - Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level - Squeeze pattern of...
Bearish clues: LONG-TERM - In weekly time unit, declining buying volumes during the uptrend initiated in July 2020 - Price has reached an important resistance zone around 1,530 cents per bushel ($15.30/bu, with 1 bushel of soybeans equal to almost 27 kg ). - End of the uptrend and RSI < 50 - Fundamental analysis: increase in planted areas and yield in the United...
Bullish clues: - General uptrend since June 2020, with a strong rise since November 2020 - Volumes have been decreasing since May 6, 2021 (correction phase) - The price has reached the lower band of the Bollinger Bands - Price rebounded on the exponential moving average 50, acting as a support - Hidden bullish divergence on the Relative Strength Index (RSI) for...
Bullish clues: - Price is above the 200 exponential moving average - Price rebound on the 20 exponential moving average, which have a role of support - Bullish channel since 8th of April, 2021 - Hidden bullish divergence on the Relative Strength Index (RSI) - RSI > 50 - Ascending triangle - On Daily timeframe, the bearish channel was broken at the top and a...