SCBTC horizontal trendSCBTC has horizontal trend between 0.00000200 and 0.00000156. You can trade between these ranges. If it can break 0.00000200 with volume we will see good targets. But for now horizontal trend.
Horizontal
SCBTC horizontal trendSCBTC is moving horizontal trend between 0.00000156 and 0.00000200. You can trade between these ranges. And watch to 0.00000200 if it will break with volume. SC will go good points.
The incoming trend reversal.Bulls and bears have created the doji candle on the monthly chart.
The doji candle after long uptrend might foreshadow trend reversal.
Moreover this doji candle is after a long white candle. This means there is imbalance on the market. The market is "tired".
The bulls might not have enough strenght to keep uptrend.
The maximum of the upper shadow is the resistance level ($1166). If its broken the uptrend will be continued. It will also show potency of the bulls.
The RSI levels are almost at 80, so the market is nearly overbought. The more overbought the market is, the higher probability of the doji candle to reverse uptrend.
To make matter worse for the bulls, there is double top formation.
In my opinion the price will go back to lower shadow of the doji candle ($735), however if there are more bad news for BITFINEX:BTCUSD we can fall down to $450 level.
CP Railway TSXImpulsive move from bottom has now formed a corrective horizontal flag. Looking to buy the bottom of the corrective structure and hold for a measured move of the flag and the lows of the corrective structure that forms the all time highs.
E: 187.00 SL: 180.97 TP: 227.45
Soft stop = Daily close below 186.00
NYSE stock also has same structure and clean vol.
March CornMarch Corn still sees horizontal movement with creep upwards. Thursday is the USDA report for all grains, but the 2016 crop is still impacting this market. If USDA report shows a lowering of future crops, this may help corn. Also Funds may buy this week so support levels around 354'2 off the 3/1 Gann Fan may hold. If prices fall further look for 349 4/1 Gann Fan as next support.
Horizontal Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
AUDUSD Divergence 7_18_2014Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it.
Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart)
first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of this level will open the next profit target of .9071 which is a confluence of horizontal resistance and the .382 fib level.
Please comment.
GBPCAD LONGGBPCAD has turned up from the bottom of a 6 month triangle. Another Spike unfolded today in USDCAD by the way. Support is estimated at 1.8210 in GBPCAD.
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EURNOK SHORTLooking this pair with comparison of USDNOK. USD is at resistance against NOK , EUR is at resistance against USD and against NOK as well, So short EURNOK could be highly fruitful with handsome risk reward ratio.
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