I am watching this market very carefully as $USOIL just entered in a bearish market. Knowing that, $PBR will find very very hard to continue moving higher with oil prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).
What I would love to see soon: I will wait to see how we close this week, if we...
In my own opinion, I think the $GER30 is at a great place to sell and forget for few weeks as I believe we are fighting to break some long term levels here. Firstly, on the 4 hr chart we can see that we haven't being able to break the 10,345 and close above since April. So in another words, if we maintain bellow 10,345 and dont close about it on the...
As we can see, $AAPL is making a bullish breakout outside of a falling wedge which was also very close to a long term trend line. If we really do close outside of the wedge, I will look for opportunities to buy this stock in the next few days.
Here is the cable monthly chart which with tumble that we are having for the past few months we are not at a historical support level which in my opinion is key. Around 1.3945 has been a area that has been holding the cable since 1986. Keep in mind that we have crossed his level few times but the CLOSE never happened bellow this level in a monthly...
As previous post I showed that USDCHF broke big trend line and I believe that the USD will continue moving higher, there is the 4 hour chart showing 3 levels to watch if USDCHF corrects. Look out for this 3 levels:
Stop loss: 9785
(this is my trading plan)
Chief Strategist at Duarte Investment Group -...
USDCHF finally broke and closed a trend line that I have been watching for week now. This trend line is connected from the peaks for 2006 and the high of 2008. As the DXY is also breaking channel, I think USD will continue getting strength across the board and will help this pair to continue moving higher.
Any correction in this market is a...
This weekend I posted my charts about the EUR/USD breaking a massive channel (look at the linked chart here) and I said that I was hoping to see the Euro going back up to make a 're test' of the broken channel from outside and we did it today. I have my short already in play and now waiting for the Euro to break that Friday low and go probably to...
The DOW is at a MASSIVE level because: On monthly/weekly it looks like it is re-testing broken channel. On the Daily he is touching some trend lines and on 4HR chart; it looks like 5 waves up.
I will be looking this chart very close to see if we can get a bearish candlestick formation and rejections to confirm that a top might be in place. However,...
The DXY (Dollar Index) is very close to break a very important triangle which also with 78.6% fib. This triangle has been holding since mid March 2015 and is very tight correction here which I think it's only preparing the market for a new high.
IF DXY really breaks this triangle, we can see the USD getting .strength across the board.
When DXY breaks...
EUR/USD finally broke a very important channel which has being holding this market since March 2015. We broke this channel and also closed bellow on Weekly and Daily basis which is a nice confirmation.
Now, I am hoping to see EUR/USD doing a minor correction and maybe a re-test of the channel from outside; For me this will be a great opportunity to...
Today $USDCAD made a new yearly high above 3352 and trend line on RSI there is also breaking which indicates more upside is to come. However, I prefer to sell $CAD against other currencies too and one of them is $GBPCAD.
I am buying $GBPCAD here with Stop loss bellow today's low and TP at 78,6% fib around 2.0750, a Risk/Reward bigger than 3/1.
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
At the moment we are at the bottom of a long channel on the $DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610.
Ratio: 4.09 (amazing!).
However, long term I am bearish indices, so I recommend buying small here.
IF we see RSI...
Today is NFP day and the market will be probably be boring until the news comes out. So I was just looking this graph of $EURUSD 4hr and he is inside of a triangle at the moment, which is normal to lock himself before a big event. However, by looking RSI, the trendlines are there, but I personally prefer the second one (to be broken down) which will...
The RSI on the USDOLLAR 4hr broke out the trendline which held the last 3 highs. This gives us the alert that USDOLLAR MIGHT go higher from here, which means that currencies against the USD will go down if USDOLLAR really gets pace here.
Also, my long term USDOLLAR is bullish which gives me a better view.
Thank you for looking!
I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and...
DAX today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders.
I was just checking this $USDCAD monthly chart and I found out a pattern that I like the most and very powerful one. It is called ''Cup and Handle'' and is a long term formation that takes months to build. As we can see, it started building in 2009 and we are very close to break out the horizontal like we starts the effect of this pattern. The target...