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Moving Average Convergence / Divergence (MACD)

AUDJPY TRIANGLE PATTERN BREAKOUT?Here we see a potential for the AUDJPY to break out this triangle formation here, a break from the trend line and an opening of the next interval below the line may see a contnuation of the overall downtrend. This pattern is almost reaching its optimal point, therefore a potential for big movements towards my Target of 71.833. I have added some MACD analysis, to further confirm this downtrend as we have a sell signal from (5,8,3) MACD indicator. KEEP AN EYE OUT
Short
by OSEA7
EURUSDOptions expiring 9/19 so there will be some interesting development coming soon. From the monthly chart, it has been stuck in the channel for the longest time. Upper band is 1.1346 and lower band is 1.0827 and equilibrium is 1.1087. 1.15-1.16 is the area to watch where the bulls and bears fight it out. Anything below this level the bears have the upper hand. The more important question to ask should be MACD's ability to go above zero. Failure to do will be BAD! In any extreme case of rebound RSI70 will be the target; before that we have to get above 50 and 60 first. For now I do not see any reason why we cannot test RSI50.
by dericksim
ANF Following Linear Regression ChannelAnfield Nickel Corp looks to be at a great price to buy. Looking at the linear regression channel, you can see it is trading near the bottom of it with several indicators showing price will soon begin to move upwards with the channel. Firstly the MACD is about to crossover to a bullish signal, Then the WaveTrend Oscillator is showing price oversold with a slight curve beginning to move up, and lastly the Parabolic SAR is showing the end of a downtrend.
ALong
by juniortrader
1
TSXV Micro-Cap Trend TradePure Energy Minerals has been on an uptrend over the past few months. As you can see on the chart, price has been following a trend line that the stock has recently met again. The price has been respecting the 20MA - 50MA during the uptrend and price is currently positioned right under the 20MA, for me this looks to be an area of value to buy for the next move up. It has just had a very bullish day and the StochRSI has shown it moving up from an oversold level, also the Squeeze Momentum Indicator is showing that the squeeze is currently on and the MACD is about to cross to a bullish signal. Next resistance is around $0.93 and my price target is $1.06 Trade valid until price closes below trend line.
TSXV:PELong
by juniortrader