The charts show's FXCM's JPY index - the JPYBASKET. The left chart shows the daily time frame, which shows that the index is above its black 20-day SMA and that the SMA is angling up (aqua ellipse). The RSI is also above 50, which indicates bullishness (blue rectangle). The right chart show's the hourly time frame. The short time frame's RSI is bullishly above 50...
Price is approaching our first resistance in line with our 38.2% fibonacci retracement and 100% fibonacci extension where we could be seeing a reversal below this level. Stochastic is approaching resistance as well. Attached is the video analysis, do check them out.
Price is approaching our first resistance in line with our 38.2% fibonacci retracement and 100% fibonacci extension where we could be seeing a reversal below this level. Stochastic is approaching resistance as well. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too....
Today we will take a good look at USDCAD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the USDCAD!
Let me know your thoughts and what other pairs you'd like me to...
This is a chart shot of today's video on USDCAD
Today we will take a good look at USDCAD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the USDCAD!
Let me know your...
Today we will take a good look at AUDUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the AUDUSD!
Let me know your thoughts and what other pairs you'd like me to...
This is a chart shot of today's video on AUDUSD
Today we will take a good look at AUDUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the AUDUSD!
Let me know your...
Further to our previous article , the SPX500 has reacted from overhead resistance. The index is now challenging its black 20-day SMA support. If it crosses below and the SMA turns down this will be bearish development. We are also watching the daily RSI to see if it slips to the bearish side of 50. The right chart shows the hourly time frame. Here, the EMAs are...
The Tidal Shift Strategy has just sold USDCHF at 0.9648. The system recommends entering this trade at any price between 0.96364 and 0.96596. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.50725, which suggests that the USDCHF could be trending downwards.The 14-period...
Price is approaching our first resistance where we could be seeing a further drop to our first support level. Please see attached for the written version as well and leave a comment on which currencies you would like to see next.
This is a chart shot of today's video on GBPNZD
Today we will take a good look at GBPNZD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the GBPNZD!
Let me know your...
Today we will take a good look at GBPNZD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the GBPNZD!
Let me know your thoughts and what other pairs you'd like me to...
Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level . Stochastic is approaching support as well. I have also linked the video analysis below, do check that out :) cheers!
Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level. Stochastic is approaching support as well. I have also linked the written version below, do check that out :) cheers!
XAUUSD is back on bullish trend after a false double top pattern, we have found the bullish trend by RSI ascending trendline , Parabolic Sars as well as MACD . The final concern here is the bearish trendline in the chart. We are waiting for price to break out of the trendline where the 76.4% fibonacci retracement lies !
Entry: 1728.39
Sl:1718.78
Target:1775.49
XAUUSD is back on bullish trend after a false double top pattern, we have found the bullish trend by RSI ascending trendline, Parabolic Sars as well as MACD. The final concern here is the bearish trendline in the chart. We are waiting for price to break out of the trendline where the 76.4% fibonacci retracement lies !
Entry: 1728.39
Sl:1718.78
Target:1775.49
Hey we have found our sell trade on EURUSD utilizing bearish triangle pattern, fibonacci retracement as well as graphical levels. But be careful that this week is a huge week with ECB and Fed rate meeting ahead, so market volatility is likely to peak in upcoming days ! Risk less if you are doing EURUSD trade this week !
Entry: 1.08682
SL: 1.09903
TP: 1.06534
Hey USDJPY today is in a bearish triangle where we are waiting for a final point 5 touch with the trendline . If price can break below the key support level a stronger drop is to happen !
entry: 106.96
sl:107.42
target: 105.59
