Momentum Squeeze Play, GSVIncreasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
Moving Average Convergence / Divergence (MACD)
Gold Inverse Head and ShouldersMACD cross over and oversold RSI at strong support level at 1300-1310. along with inverse head and shoulder pattern forming. Expecting a move to 1380 minimum if pattern is completed, especially with uncertainty in risky assets.
$CRM Bounce?CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity
www.trendyprofits.com
eurusd quick buyquick entry on eurusd.
Entry : 1.11759
Stop : 1.11662
Target 1 : 1.11941
Target 2 : move stop to entry price, exit at supply 1.12264
Gold, Continuation or Sell offGold Had a huge rally starting around Jan 2016 and has been trending up ever since.
We are currently in a pull back but still within the bullish trend channel.
I am currently short on gold but i am waiting for price to hit the green price zone around $1316-$1300 to see if I
should add more shorts or start to think about longs depending on price action.
We currently have a RSI & MACD4C Bearish Divergence leading me closer to the short idea.
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 ! Double divergence MACD bearishThe price go to up, but MACD and MACDh go down. 2 consecutives "Three White Soldiers" candlestick pattern (bullish retrasement). Momentum is in bearish zone.
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.
USOILFrom the weekly chart, MACD is about to make a gold cross above zero very soon. A proper cross on weekly chart should yield at least $20 (from recent low of ~40 we should see ~60). I expect it to hit RSI70, consolidate (sideways: market will not let you buy cheap again) before heading to RSI80 level. This should bring us to the $70-80 region; which is another $20 from $60.
THIS IS A PROPER WEEKLY TREND HENCE RETRACE SHOULD BE LIMITED TO DAILY SCALE WHICH IS ~$10-12
Trading with the Trend, $NYXNyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.
Trading with the Trend, $EDRAs you can see by looking at this chart, price action has been following the upwards linear regression channel. It has just bounced from trading at the bottom lin reg line and is showing several bullish indications as stated on the chart. My price target is around the upper lin reg line (green rectangle).
Trade valid until price closes below bottom lin reg line.
Trading with the Trend, $SVMSilvercorp Metals Inc. is looking like it is ready to continue following its upwards trend. As stated on the chart, there are several bullish indications that support why I believe this will continue to climb. If price breaks above the mid reg line, I am watching for a price target close to the upper lin reg line around $4.65 - $5.00
Trade valid until price closes below lower lin reg line.
Trading with the Trend, $APH$APH, Aphria Inc. has been uptrending for months now. Using the lin reg lines you can see that it has bounced off of the top and has recovered using the mid line as a support. As stated on the chart there are several bullish indications and Im looking for a price target somewhere along the top lin reg line (green rectangle on chart).
Trade valid until price closes below mid lin reg line.
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.
Bullish Cypher Pattern on B2GoldCould there be a reversal for B2Gold? Bullish cypher pattern with the MACD to soon crossover at an oversold level, and a bullish engulfing candlestick.
GOM Looking Very BullishGolden Dawn Minerals is showing a lot of bullish signs that it is ready for a potential new high. Support has been found at the 50MA as it has before, and the StochRSI is showing an oversold signal with the MACD about to cross to a bullish signal. Also I like this trade because volume has been continuing to increase and it is showing strength with a large bullish candle.
AUD/USD Breakout + DivergenceAUD/USD could not break the last highest high. Now we have a strong MACD Divergence and a breakout really soon. I'll enter my short Position after a Breakout and a Confirmation on a lower Timeframe.
Have a great Week, Daniel
Likes and comments are appreciated and would keep me motivated
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.
