Share your views please The black arrow pointing up is the first resistance, if break above, it would go to the next level , 1.14. The MACD crossover is perfect timing for a long entry.
Look at the vertical red line which coincides with the breakout of the price at 61.8 FIB level. Thereafter, the train has not stopped at all, charging at bullet speed all the way to the 78.6 FIB level now. The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current...
9.9 the level that was the lowest . This is extremely volatile , just look at the spikes and gaps up and down. According to chart, it touches the support level of 9.9 and rightfully it should rebound anytime soon. If it does, that means equities should fall. Christmas is near, would this spike up dampen the Christmas spirit ? Think profits taking, year end window...
Reason for shorting : 1. MACD nicely cross over 2. Strong bearish engulfing candle 3. Price closed below 21 EMA 4. Unemployment rate 5.9% vs 6.3% previous, improvement in GDP 0.2% vs -0.1%, PMI 58% vs 56.6 forecast I am expecting some pull back , probably to price zone of 1.275 before shorting this pair. It has fallen 1.64% or more than 200 pips upon the news...
Always buy low sell high. This principle is easier said than practised. Lured by profits and easy money, many retail investors got sucked in to chase the price, hoping to ride the next train to their instant wealth. After hearing who and who became millionaires or multi-millionaires, they can't let this dream ride to go without their participation. Little do...
Short term ,I think Gold is heading south. Look at the blue dotted line, that is where I expect it to fall to before any decent rebound may happen. Good luck, everyone !
1. Look at the MACD, each time it cross over, it is a signal to sell Now it has breach the black ascending channel, we shall wait for it to fall back. BE PATIENT 2. 618 FIB level - Falling to this level seems scary from its current price but it is not impossible. I think likely it would fall to 7000+ price range , the 38.2 FIB level first 3. IF YOU DO NOT HAVE...
Since I started investing in forex, it has not occurred to me that property investment has a lot to do with forex. Look at this beautiful and timely chart. We know that in many countries like Canada, Australia and even China that the government is indeed clamping down on the properties market. It used to be C$1= S$1.70 in 2007. Fast forward 10 years later, 2017,...
Now USDHKD is reaching the 3rd attempt to breakout from the .0236 FIB level. Would it breakout or break in and collapse? We think it is likely to take a breather, allow traders to take some profits , i.e. temporary sell down before coming up again. Let's see
Look at the 7 dwarfs that is highlighted in aqua bubble. Price went below the 21EMA but touches the black ascending trend line and rebounded, not once but 7 times. It is at its peak once more, will it retrace and rebound OR is it time to head south ? A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance,...
Thai baht has been very strong against the USD. It has appreciated more than 11% to its current price. Now it sits at the 50% FIB level and possibly there might be a retracement or it could heads further south to 61.8 FIB level before rebound. Watch the wedge pattern breakout and be careful of false breakout. Take a small position and accumulate slowly if unsure,...
Nice breakout from the descending channel, awaiting for slight pullback before taking buy entry. See arrow for profits target
Monthly chart shows us a triple bottom and the day chart shows it is nearly done with the selling as well. Now it is likely to breakout of the white line from the inverse Cup and Handle pattern. From the candles, it shows weaken selling and buyers are getting stronger as well. We are taking a small position to test our hypothesis. Trade safely.
Time to sell this pair again........ see chart for explanation
It has hit the 50% FIB level and is now retracing. We are shorting this pair and a few other cross pairs as well. Trade safely, always use SL.