I am looking to buy GBPNZD. The pound has lost in value recently due to the problems with brexit, elections, and terrorism in UK. But it now looks like there will be at least some correction in this trend. The detrend indicator shows bullish divergence
Triple top on the resistanceat 131.35. EURJPY is trying to break and it gets sold each time. So I think it might be the same this time. stops should go above recent high 131.36 and take profit around 128.40
Te resent move to the upside on NZDUSD seems to loose steam. Recently CCI produced divergence. Furthermore we are not far from the resistance at 0.8770. It looks to me like a good risk to reward trade. The better entry for this trade would be at prviously mentioned resistance 0.8770 but at the moment it is impossible to say if the market will produce another push...
EURGBP is trending down. However at the moment it hit the support at 0.798 and it is at the bound of down sloping channel and it produced a sligth divergence on CCI(10). These are the clues that tell me that this instrument is ready for a correction
This is my second long trade and second divergence that appeared lately on CCI indicator.
Apart from the divergence XAUUSD is now at the bottom of two regression channels
1. from recent major hight
2. and major low.
It looks to me like a good spot for the long trade.
Tight stops is esential below 1240,
The trend is up. Butt recently the market hesitates whether to go higher or to break out of the channel. The market missed the chance to reach the channel centre (see the red dot) so that is the sign of weakness. However we are still in the channel and until the channel is broken I tend to bet on trend continuation.
GBP although presented some strength against NZD seems now to lose ground. There is bear divergence on RSI and the price recently did not managed to reach rising median line. So it is a short oppoitunity for me. I am placing limit order at 1.9501 with expected target at 1.93085
After divergence the pair started to fall. I am going to wait till market comes back to last resistance 1.0943 and short it from there. It is likely that it will comes back to the median line so my profit target will be at 1.0696
I am going to short AUDCAD right now. It looks to my like it is ready to turn. it is already and resistance level, RSI shows divergence. It hit top of the rising channel . However it still has some space to go up. So in case it will continue to grind up I am going to add to the position once at 1.041