Get started

Moving Average Convergence / Divergence (MACD)

EURUSD near a breakout period looking on a previous trend we can see that EU has recently touched the trendline for the 4th time, however, given previous supports in the 1 hour an aggressive entry could be a good idea in order to get filled. Given the MACD overextended on the previous up move, we should expect the price to retrace before going back up, though a move up could also create an entry signal by breaking the downtrend and possibly send price into consolidation for some time given the near overbought conditions.
Long
by DarkMessiah777
Good sell opportunity with a decent Risk reward ratioA few things here Broken support line MACD has just crossed and entered the sell zone, shown by arrow RSI has a broken pattern as well, indicated by the arrow To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level As for the Reward, Fib and previous structures show there is a potential turn around at about 1.05 (also because its a round number as well) Let me know what you think guys :)
Short
by bogd
Filling the Gap?For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line. Price has just broken and close below support (Double Blue Line) Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past. There is also a head & shoulders pattern on the MACD Leader, and Insync Index Price target is $87.88 for a R:R of 4.47 Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
NASDAQ:PLCEShort
by juniortrader
Power of MACD DivergenceThis post doesn't do some trading recommendation for you. I want to introduce you the powerful trading pattern ——— MACD Divergence. In October 2014, as you could see a divergence appeared with a week scale. The divergence method could trading at a not bad price relatively. But a thing you have to notice, you have better find your way to offset position. It won't have a pair to pair divergence in the period. For example, you might using 20 to 60-day of moving average as your offset strategy.
K
by Raymond_Chang
Time Warner (TWX) Heading for Crash?Technical: It seems TWX stock is now heading for a disaster, looking at the monthly and weekly charts, we have just completed a very lengthy correction, over several years in the making. My Elliott wave analysis for this pair, shows that if the current trend continues, the next impulse wave will send the stock to a crash. MACD confirms the end of the current upmove (the correction) and will now start to continue in a bearish trend. RSI and Stochastic, both indicate Overbought condition which aligns with the downward trend on the chart. Fundamental: Due to the continual irresponsibility of CNN management, employees not checking sources, stories and basically broadcasting irresponsible journalism and basically perpetuating political bias (where no doubt stakeholders have also been offended), the market is fast losing confidence as, once President Trump enters the White House after the official inauguration, legal and federal action will most likely be taken against the broadcaster and several anchors, thus the value of this stock will drop considerably, very quickly. CNN has already been caught out numerous times in broadcasting fake news, all based on innuendo and rumor, without being fact based. This last episode today (12-Jan-2017 goldengatepee), originally published by buzzfeed, is noted as being totally fake. CNN's management have also failed to address this problem, as it seems anchors and journalists are making core decisions, rather than CNN's management. In my opinion, CNN is in an absolute mess and stakeholders are getting cold feet. The only way to save the stock, would be to address political bias and lazy journalism, something I cannot see happen anytime soon. Therefore in lieu of the above analysis, I'm going to short this stock, trading with larger than usual lot size in order to maximize profit. If this trend is confirmed within the next couple of months, we should see a very rapid drop, at least to the base trendline, within a relatively short amount of time. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy. Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
TShort
by UnknownUnicorn661419
Gold ChannelingHey Traders, today on Gold we have an ascending channel. From the looks of it there is a corrective structure which should reach the bottom of the channel. If price reaches the bottom I will look to buy. With the help of MACD price is very predictive. There are big bullish formations on the MACD and very small corrections, so just as my notes in the chart say, we will look for the small corrective formation and go long on the next move up. Good luck and cheers everyone.
TVC:GOLDLong
by DylanMorgan
Silver daily - Bullish divergence and price action at supportAccompanying the hourly chart on Silver, we see bullish divergence from the last few lows in the price, and we've also seen a good reaction at a previous area of support and resistance. You may want to look at my hourly chart for silver (linked to this idea) to refine an entry on lower timeframes, but I believe even if we remain in this mid-term bearish trend since the June high, we can still see a bounce to the 18 level at least. See hourly chart for lower timeframe targets. Be aware of patterns forming here, if we find resistance push us back at 17, but also continue to see bullish pressure leading to a lower low, you're likely going to see an inverted H&S set up, which would suggest targets even beyond the target resistance marked on this chart. Get a good entry and then assess the price action on the daily or 4H charts to see if holding for higher is right for you.
FX:XAGUSDLong
by BobVanders
3