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Slowstoch

TRX/USD going to test recent lows?!TRX has failled to break the 50-day Moving Average, Slow stochaci is showing bearish movement, it is too high and the red line just passed the back line, meaning price will decrease very soon. Which means that unless we find support on the 20 Day Moving Average, TRX will experience recente all time lows. Volume doesn't seem to increase as well as what happens to BTC, which means that this little Bull Run is temporary. Markets are unstable at the moment.
BITFINEX:TRXUSD
by Mr_Guapo
USDJPY - trend retracement or could it be ranging market? Clear uptrend from 104.700 the break at 107.700... Previously at current price levels there is a period of price consolidation, this is confirmed by ADX indicator... Could it be the start of a Range market?? Look to play range (on smalls) with long entry at 108.500/300 (23.6% fibo retracement) and take profit should be near top of range at 109.500/110.00 2 options with stops keep it tight (~108.200) or alternatively look to average in closer to the 108.00/107.600 (38.2% fibo retracement) for the continuation of the uptrend where profit targets should be adjusted. Long positions should be closed on the daily close below 107.500 which indicates a break in structure and possible resumption of the down trend.
Long
by goneboarding
1
V1-T1_EURUSD_E6H2018 Futures_Fib Levels ID'd_Weekly prepHello folks! Check out these color coded Fib levels. The right chart is 1 hour, looking into the details of next week. Dark green ray lines are Thursdays High and Low. Orange ray lines are Fridays High Low. The daily chart on the left shows the light blue and orange Fibonacci retracement levels. The light blue is from a partial swing low to a major swing high. It holds some weight but less than the other two. The orange is from the very low in the bigger picture counter trend pullback (11-07-17) to the highest high. It is very relevant to future movements. The dark blue seen only on the Daily is very powerful and is ran from swing low to high on the monthly chart (see chart in comments) The dark blue levels are very powerful and should be treated with supreme wait and see mentality. If we go below the most recent low marked by the red line expect to test the 1.21000 area where the next major cluster of levels stand to hold strong. Supported mostly by .382 level Dark Blue. Notice where the last bottom was put in in relation to the orange fib level. Its obvious the market signaling lower if these lows are breached. I will continue to position LONG -with trend unless we move below that most recent lows. Looking at the Daily Slow Stochastic we may be about to return to with trend movement and I want to be apart of it. Trades considered through out the week based on these levels. Stay tuned. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk! Want to learn more about Fibonacci Retracements? Read this: www.investopedia.com
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by UnknownUnicorn981629