It's not yet time to trade it, but definitely to watch it: the Eurusd may actually be about to end its weekly correction. Considering that the monthly is in a downtrend, a continuation of this downtrend may unfold on the weekly soon.
Price above trend ending Moving Average. If week closes out like this, pull stop above current week's candle. See www.youtube.com for more info on trading trends profitably.
USDCAD back in balance zone, failure of going lower at support proves we're still in an overall uptrend that is seeing a major correction currently. The bearish price action of the daily should be reversed and we will trae towards 1,35 as this pair will most likely see the middle of the balance zone on the weekly. Where we will go from there we'll see.
Apple Inc finally breaks out to the downside after a very weak last week, prices could see the $70 area medium term. Refer to older post below for more details.
Gold hit a weekly buy fractal without trading back into the balance zone. That means it didn't really want to breath, instead the pressure to go higher seems to be extensive, a weekly close above the breakout fractal level as we're seeing right now supports that. Just like in Silver, this market seems to establish a new overall uptrend.
After posting a buy fractal will be hit in Silver at around 16.00, two more weeks have passed and prices have continued upwards. It seems the weekly turnaround has happened and a new uptrend will unfold. Hold on to any longs. Stops in place. Ride the trend.
Platinum has been in a correction since 2008. Since then it has established a clear lower support of this massive sideways move. Even though the current market phase is a correction, it yielded some opportunities to make profits. Right now price is appraoching the balance zone, but the lower support hasn't been hit in that internal downtrend that was going on...
Numerous times price tried to break out to the upside on the NZDUSD Daily. It has always failed. During the last week of trading the same has happened, price wasn't able to stay above the important resistance area (marked by fractals), instead it went right back into the balance zone. It's possible a new down fractal will form soon, that would be another selling...
AAPL has undergone a huge upmove since 2009. It has created a divergence and a first leg downwards establishing a major support level. The stock is now higher, but far away from its ATH. The entire move on the weekly needs to be corrected and it is likely that the next support area could be hit (around $72)
NZDUSD has been in correction on the weekly since August 2015 after a major downtrend unfolded until then. This correction did not run up, instead it moved sideways with the Momentum indicator crossing above 0 on the weekly (indicating a major correction.) The daily chart didn't prove to trade well while this correction has been going on, many breakouts fail in...
The SPX500 has been rising ever since the worst start of the year in history. This bullish movement could come to an end now as we don't only see a divergence and prices starting to trade inside of the balance zone on the daily chart. This four hour chart shows price already tried to break through a fractal and is now sitting just on top of what looks like pretty...
Nothing is stopping this market from moving higher. So let's jump on board as the system tells us. The first fractal breakout is about to get hit on the weekly. Unfortunately, there has been no previous signal to get into this trend. We'll see how far it can still run. Risk Management!
Very weak last week leads to weekly fractal breakout today. Let's see if this is the start of a major move to the downside.
Dax has been up, even though not as much as the US indices. On daily and weekly we do have some nice breakout levels formed. Just above 10000 this market is offering to buy the breakout. If it gets hit and some steam comes into the Dax, we might actually see a new trend moving higher. On a longer-term basis that might take out the old ATHs. But let's not get ahead...
Just now Silver gave a long-term buy signal on the weekly chart. Another buy fractal was taken and prices seem to want to move higher. It looks like a 4-year correction could be over with divergence and buy fractals signaling a possible new impulsive move.
After a major reversal on the weekly unfolding in a nice impulsive move upwards on the daily chart, a divergence showed up in the daily Gold chart, sending prices down over the past few weeks. They have dropped below the balance zone and took Momentum below 0, indicating a major correction. Now a new buy fractal signal has been formed. If it's hit, it could be a...
Been posting this in the Chat all afternoon. Short hit at 108.45 this afternoon in USDJPY, still active and holding on to it at least until tonight's close. Will then decide whether to hold over weekend. Trendfollowing works even on such a low timeframe. Of course profit potential very limited in daytrading.
Not just this week closes below the significant fractal sell signal in the USDOLLAR Index. The break of this support happened three weeks ago already and might actually see some continuation. I indicated the next important support zone, let's see if this market will hit that level. On monthly it's correction mode - so don't expect a stable and robust trend down...