EUR IndexThere could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the strengthening EUR could yield long trades in the path of least resistance.
Asendingtriangle
CALM forming 4 months #Ascending #TraingleNASDAQ:CALM is forming a 4 months ascending triangle. Multiple tests of resistance line have taken place. A breakout from this consolidation will lift the price off the 200 moving average and set the tune for the next leg up. There is a considerable resistance around $51 and if cleared, price should reach chart pattern price target identified on the chart.
IWM - Potential Bull Flag PatternThe Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price.
Upon further evaluation of this daily chart, I might also be able to make a case for an Ascending Triangle pattern (orange horizontal trendline + magenta rising trendline) or a "W" bottom pattern (black trendlines). Regardless of which pattern you accept, all of them are bullish in nature.
I have labeled two potential price targets I am looking at using the Fibonacci Extension tool again. I used the 50% , 61.8%, & 100% levels for these price targets.
Ascending wedge/ Head and Shoulders - SHORT NZDUSDGood morning traders,
Trade War negotiations appear to be breaking down which will put pressure on the NZD.
The NZDUSD is about to break an ascending wedge formation.
There is also a nice head and shoulders forming.
We are looking to sell down to the 0.6300 level.
Any thoughts and comments let us know.
INTC - Earnings After CloseThere was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or a breakdown.
Bitcoin - Dynamic Candlestick Patterns ~ 8/26/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
BTC - The multi-year trend and the ascending triangleI'm just posting this for future reference. Since bitcoin broke the multi-year trend the assumption is that it will hold. If true, then this ascending triangle may be the pattern that launches prices to the next level. Those waiting for a major correction and lower prices right now may be disappointed. Nothing to do but wait and see.....
NXT/USDT buying Opportunity NXT/USDT is forming an ascending triangle or symmetrical triangle pattern. When the NXT breaks the resistance at 0.4106, it will shoot upward, IF IF the bitcoin does not fall drastically. Buy order should be placed at above $0.42 level and stop loss should be placed at below $0.3 level. And there are two target points according to the Fib chart.
The NXT coin has the hard fork scheduled
Buy order: $0.42
Stop Loss: $0.3
First Target: $0.575
Second Target: $0.8429
Good Luck!
This is not a financial advice, and please trade at your own risk.
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