The market is about trends. More importantly it's know which trends are real and which are fake.
NZDCAD looks to be nearing a point of reversal. One might argue that on the Daily it's already reversed, but if you look at the 4 hour, it's primed for a pullback before it then continues it's trip higher.
I suspect in the next 24-28 hours we'll see the reversal, and...
This is a monthly candle chart of the Dow Jones Industrial Average from 1981 - Present Day, broken down by US Presidents.
From the chart we can see that only one Administration ended with a lower DJIA total than when they entered the office of President.
There is no political message in this chart. Just raw numbers to show previous price action.
Price cam back up to the 161% level today. You will note in the charts it's the second time it's done this in the last few days. It'll be another 24 hours to see what's going to happen.
However, keep in mind there is a lot of news coming out this week that will give the market makers an excuse to move the market, so be prepared!
This might be the time that GBPJPY starts into a Sell trend. Let's look at past price action. Each vertical line is color coded to match with the other chart. 1h on top, 4h on bottom.
You can see the turn around in both charts in the past. The green line was a bit of an iffy call (in retrospect) but at the very least that one was good for 100 pips.
It's possible that we are seeing the first signs of a turn around on EURJPY.
The Yellow trend line shows the rate of decline on the RIGHT, and the Red trend line shows the rate of decline on the LEFT. They are then copied over to the other downturn for comparison.
Does this mean that 100% it's going down? Of course not! However, it's something to watch, given...
There is a LOT of items on this chart, but when you take a closer look, it's telling a story. This 4 Hour view of EURJPY shows the Ichimoku Cloud indicator, along with 5 separate Fibonacci indicators.
The reason for the several indicators is to show you how the Ichimoku and Fibonacci could be used together. Note that each time we have a Kumo Breakout (on the...
We have started to see GBPUSD start a turn around. It has made it past the 78.6% level on the Fib, after breaking through late last week.
This chart shows the daily, but some of the real action is seen in the 4h hour.
In it we see a break out to the upside on the Ichimoku Cloud, which could indicate we have a turnaround coming.
EURJPY has now moved into buy territory with the Ichimoku 15m and 30m chart. The 1 hour is getting close to confirming a buy as well.
No fancy chart reading, fibs, or other indicators at play here. This is strictly an indication based on price action, with support shown by the math behind the Ichimoku cloud.
We now have a lagging indicator on the Ichimoku above the cloud, as well as candles above the cloud on the 1h chart. This appears to be a strong buying opportunity at this time. The 4h chart has candles above, with lagging close behind.
FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all...
What we see here is the Ichimoku lagging line (purple) closing below the base line (red) for the first time in 4+ trading sessions. It's also the fist time that we've had a candle close fully in the cloud. (A few touched the cloud a few days back.)
This *could* be the first signs of a turn around in the EURJPY market, and could signal a Sell opportunity.
Few things going on here. We're seeing the 21 EMA (teal) on the hourly break out of the cloud, as well as some conversion over base (blue/red).
We've yet to hit the 200 MA, thus I'd like to see price head up to that level, at least.
Seeing some major buying action on the 15 minute chart and Heikin Ashi. Similar action on the 5. The 30 minute is also showing an upward trend as wekk. The Ichimoku on the 30m is starting to turn to the buying side as well.
It's been an uptrend for the past few days, and it looks to keep going up. Not withstanding news, etc., indicators are simply showing an upward movement.
In the Heikin Ashi candles we've seen 15 of 19 4H candles going up. Some indecision in the next to last candle, but the upward trend continues in the last candle for now.
You can also see that the 4 hour has...
AS you look at the Daily, you see where we've had ups and downs for the last 2 years. We just broke the trend line at the bottom, but only by ~2%. The last session (Friday) looked to be an up session.
If you drill down to the hourly, you will see that it's broken the trend line up on the up side, indicating a possible buy opportunity.
FULL RISK DISCLOSURE:...
A few things going on here. Pay attention to the MA 35 and MA 50, as well as the Fib and two lines outlining the current range.
Note that we are at a previous pivot point, which has also been a resistance line are in the past. The Fib is also pushing the 38.2 level, which has a history in Forex of being a turning point as well.
I'd like to see price head back...
Patterns, they run the Forex market. We've heard people say that, and even that they repeat themselves.
This chart shows Gold on a daily time frame, as well as the exact pattern some time back in Gold. There were many like this, but I chose one that was as close as possible to this pattern. Does this mean Gold is about to drop? I don't personally consider myself...
This is a very busy chart, but there are quite a few things I want to point out.
You can see the large pitchfork on the chart. As you can see we are getting near the bottom of it. You might also see that a Fib on there. We're very close to the 78.6 level.
Now if you look really close, there are other lines in there. The bright light blue is a Simple Moving...
This is a AUDJPY daily chart.
You can see the Fib drawn as well as the pitchfork. Notice how many days the candles seem to open/close the day right along some of the markets in the Pitchfork?
This can be very useful in determining what might be happening the next day in the market, and give you an idea of what you will want to do that day. Also note that this...