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EURUSD: Channel Down expected to bottom & give a buy opportunityEURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle potentially, could make an ideal technical bottom. We will target the 0.618 Fibonacci level following that (TP = 1.10850), same as the September 6th LH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
WTI CrudeOil Chart Analysis August 14th Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin WTI CrudeOil ZeroMarket Chart Analysis for August 14th . This is a 30-minute chart of crude oil. Based on the green parallel line support, This is a long position strategy. Please refer to the main sections indicated. If the green support line is Breakaway, It is finished after a short stoppage. Thank you.
TVC:USOILLong
by BitCoinGuide
1
USDCAD approaching resistance, potential drop! USDCAD is approaching our first resistance at 1.3742 (horizontal swing high resistance, 100% fibonacci extension, 61.8% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.3367 (horizontal pullback support, 38.2% fibonacci retracment, 100% fibonacci extension). Stocahstic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
3