Once upon a time their were a bull and a bear in a forex bar. The bear and the bull got into a fight. at first the bull was wooping the bear ass but the bear came back with hay makers himself. The bull put up a pretty solid fight until the bear got news that if knock down the bull he get free drinks all night. so the bear knocked his butt down. little did the bear...
Please annotated chart for details.
FX:USDJPY This pair is in a definite downtrend but with such huge moves down corrections are inevitable. The price will bounce up closer to the moving average. We have multiple bullish divergences on multiple indicators confirming this analysis. The projected take profit level is a 61.8% fib level. There is still a chance that it will honour weekly bearish...
Bullish divergence forms on right above channel bottom suggesting a long position.
Please see annotated chart for details.
bullish divergence in USDJPY H1 long to 110.500 0.23 fib retrace
USDCAD Buy Signal I wanted to see 1.3025 broken and retraced back to above 1.3025 to create a False Break. This together with a bullish divergence is a nice buy setup. Aim 1.32 - 1.34 and maybe even 1.38 SL 1.2950
EURUSD bullish divergence on 30min chart LONG break of downtrend line at around 1.12 will open further upside momentum, could target 1.1320 highs
EURUSD Brussels Attack Caution Just a short technical assessment: I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14. Be...
Okay so bait late with the post, but you can still get in if the risk to reward is favourable / if we resets the 1.0928 level. TP1 at 1.1129 TP2 at 1.1152 SP at 1.1066
There is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the...
I am long UsdJpy - at 1.1190, since yesterday - I will explain why It is clear now on the daily chart that the previous lows have been rejected We see large volume on the initial lows and less volume on another push down towards these lows This indicates that the market is exhausted bearish, and will turn bullish We see that in the oscilator indicators - there is...
EURUSD bullish divergence in H1 - LONG entry for a retracement?
Bullish Divergence seen on MACD, RSI, and Stock RSI, indicate that this recent fall of COP stock is soon nearing. There is not clear divergence on the weekly chart, only the daily. So I am not expecting this rally to be a complete trend reversal, however, there is ample room to go up a bit to correct for this recent sell off.
Can the bullish divergence in AUDUSD H1 help break above 0.715 levels, to take out 0.725 and ultimately reach up towards 0.730 to 0.745 levels? A further decline in DIY towards 97.0 could ignite the move.
Price could fall to the nearest support before a reversal can be seen. With the technical weakness in the $Index we could see some bearish movement. On the daily charts, Price is entering the buy fib zones. We would wait for proper Candle stick info before entering.
Price has found some support and is currently ranging. There is bullish divergence on the hourly, 4 hourly and daily chart which could help our long position. On the fundemental side, today President JZ speaks which might also give flight to our buy. Based on past instances, JZ always made the rand weaker when he spoke.