looking for kiwi to lose big this week against the usd. USD has been putting up strong gains in the fundamentals direction, This week's news events may prove to be the key to sending the kiwi even lower
Price hit my trend line perfectly then regressed a little, also noting some divergence here for the 9 and 14 period RSI. Price is also below a round number resistance of 0.67
Price is currently approaching a level of resistance that was touched in 2009 and 2008; on both occasions price respected this ceiling. In addition I'm seeing some amount of divergence here. RSI also in the overbought level.
Another trade I'm in right now, currently the GBP has been losing some ground over a few weeks and i think this will continue, Currently price is stuck under the the 1.55 mark (round number just may prove difficult to shake). This week we have big news articles coming up ( GBP Consumer price index and USD advance retail sales) that will provide some big moves....
some divergence being showed here. Not only that, as shown in the chart price passed the 1.5 (round number) for a brief minute then went back under it. I'm also of the view that price go back iwithin the range of the bands.
some divergence being showed here. Not only that, as shown in the chart price passed the 1.5 (round number) for a brief minute then went back under it. I'm also of the view that price go back iwithin the range of the bands.
some amount of divergence being shown here, stochastic in overbought territory as well as being in phase 4 of one of the smaller elliot cycles
Looking for this to rebound and go higher as the days go by. seeing some hidden divergence to back up my view as well a doji developing on the previous day's close. Looking furhter to the left it can be said the price may be in somewhat of trouble area. My other estimation is that the wave 4 is just about finished as well
Noticing a huge pin on the daily time frame for the Euro-Bund. 7 period RSI shows it's oversold as well...Waiting to go long
Another pin forming at what I consider I swing high. After all the news release that the Aussie has been through, I believe there isn't much story to get from looking to the past except the last doji at 0.8, which made price made a swift decrease to the downside. Best bet is to wait until it passes 0.795 if you're cautious.
A pin bar looks to be forming at PPZ area, it's a nice number too (1.35) I would watch if if actually closes like this before making a move. Remember it's only a pin when the candle closes
Ok it might not be textbook DBHLC but 2 days straight it wasn't able to go past that 1.55 mark so I couldn't pass this one up. I'm up by 15 pips, hopefully it goes even further
if you look to early january you'll realize that it was trading in a box for serveral days before shooting upwards. I feel this will happen shortly and the pin bar is a nice indicator
If you look back, in early january you'll see that it's at some level support here. plus a pin formed there as well