Fibs acting as (near) perfect Support/Resistance
I think we get positive earning coming up on 4/30(?) before heading back down to sub-300 as we're approaching very overbought territory
Pretty bullish momentum atm on the daily. consecutive green candles with decent volume
Weekly resistance failed to break on positive earning call.
-Bulls managed to break resistance but bears had just enough to close well below resistance/ top of range
-Believe we will test the bottom of that range again, AT LEAST 240
- - If we break that we had down around the ~205 area, but I dont believe that will happen
Daily RSI well oversold
- Not being able...
Three black crows candlestick pattern at top of range (Kinda a valid range, not really)
-Last three daily candles have been good-volumed selling, bears dominating, no bullish wick at all.
-earnings on 4/30, not expecting good news
Could see it at the least test the middle of that range, somewhere around that 5.25 mark, then willing to bet it'd continue
USDCAD looking good for a short here
At a bearish OB as well as that ~1.338 resistance
Solid volume throughout so would need to break & close above this 1.338 resistance to convince me it still has gas for another leg up
Also appears we have a bearish inverted hammer/ gravestone doji candlestick pattern on the 11/30 close
RSI very near oversold (~69) and...
Approaching/Sitting just above lower bband with STOCH RSI slightly oversold and RSI approaching oversold territory (At ~38)
Not much to interpret from volume other than its remained consistent, doesn't seem to be dying or picking up much
Also, sitting just on a bullish OB
Therefore, expecting a bit more downward movement to ~1.27, maybe range in this OB for a...
EURUSD clearly in a downtrend since ~April '18 that doesn't seem to be nearing exhaustion yet (Good volume)
Sitting on a bullish OB as well as on support of a desc. triangle, therefore could see a slight short-term relief
pump here to ~(1.425 - 1.5), before a significant decision is made
StochRSI sitting in NoMan'sLand & RSI at ~36, signaling additional...
Expecting this to play out over the next couple years or so
Ascending triangle (Bilateral pattern) playing out with convincing volume behind it
Short leading into 2019 as RSI is oversold and stoch RSI preparing to bearish cross
Stoch RSI well oversold, looking to bearish cross
Reached .5 fib retracement as well as near top of bband
Volume not convincing, but not "bad" either
Expecting slight move upward to ~$79 before retracement to ~$75, and possibly further down to bullish OB @~$72.50