FOX slowstoch is coming out the 20 zone. Title touched a support at 35.32 for two consecutive days and slowstochastic crossing above 20 could be a good signal of reversing. Stock strenght is above 65. Watch the stock and lets see on lower timeframes if there is a entry signal. Disclaimer: This is just my tought: don't invest based on this idea.
Trade is based on rising strength of Canadian dollar on monthly currency strength chart and the correspondent ultimate weakness of Swiss frank right now. Though within daily strength / weakness perspective those currency pairs are on about same level though, slowly they are moving in opposite directions in terms of weakness / strength and this separating move is...
Here we can see a very scary drop off a cliff. Bears are clearly in control of this market. The industry XLK is not looking great on the short term. I am bearish Facebook but I'd be wary of those lows , lets see what price does there. ZOOM or SUPPORT
*Disclaimer--I follow ADA but am not trading it currently and have no immediate intentions to do so. 1. Bearish impulsive wave. More often than not, impulsive waves are followed by milder corrective waves in the opposite direction. 2. But buyers came in strongly at support. 3. And instead of the anticipated corrective wave, a bullish impulse wave pushed ADA back...
The New Zealand Dollar has been losing a lot of strength these past weeks after achieving a new high of .74 and above. Upon review on a 4H time frame there are some key levels to realize. The nearest target price also the most magnetizing level being the .73116 for its reputation of price revisiting it quite often upon its rise and demise. When tested, we may see...
With 4 recent tests of the .74 Resistance level indicates a strong psychological barrier for The Kiwi. A possible correction can be anticipated to gain some strength. A few areas of support that NZD needs to break for a correction to become evident are .72911 and .72746 which dangle below an ascending wedge pattern. Price action currently is resting at the bottom...
We looking on the Dollar Index (DXY), and i love to trade these trend changes.... We see a nice divergence forming down there near a strong support line. Also there is a first daily engulfing pattern formed. Im already in there with a small lot size because stops are 100 pips away and under the lowest swing on the daily chart.
NZD/USD: This pair should offer a nice each way trade this week coming...looking for a minimum 100 pip bounce for NZD which may extend to 180 pips at limit late Monday/early Tuesday before shorting NZD again as per the comment. (See also DXY comment for further confirmation and help on timing entry/exit points across most USD pairs. )
As we were looking for decline on the DXY , bulls took over control. Here we go with my weekly analysis on the U.S. Dollar Index; A (orange)( closed ) : Price clearly bounced on our bullish trendline. Blue area as been broken in the beginning of the week, my bearish bias was completely canceled. No break and no resistance, this direction bias is now closed. A...
BITFINEX:BTCUSD BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary. There has also been a trend of decreasing volume throughout the past...
POLONIEX:DGBBTC After a +1000% price increase in June, DGB has been going through a long-term correction phase with key support holding significantly at 250 Satoshis. This presents a potential entry position for a long play whether short or long term. BITTREX:DGBBTC RSI also shows us an interesting pattern replaying. Strength responds in kind after a weak...
A lot of traders have their systems wich they know for years, but we can not find a decent single currency strength chart wich we can apply indicators at Month Week Day and intraday basis. For example mataf.net have it but is missing the Month chart.
ETHUSD Update: Stability forming now that two higher lows are in place at the 267 and 276 levels. This allows for a clear definition of risk and a scenario that can lead to a new long position. At the 267 level there is a bounce that retraces back to 276. This formation is a broad higher low which indicates strength returning to this market. The bearish momentum...
ETH is going to choice its way between #1, #2, #3 and #4 in its up trend. 388$ is working as strong strength point. In my opinion it will choice #3. Because indicators already become balloon they must become normal levels before healthy go up. No need open position until see test of support lines or before broken 388$ strength.
Lisk made a three wave pullback into blue wave (4) correction and later found some support at the region of the former wave four at 0.00079674 level. We know former corrections can usually act as turning points and in our case as a support. That said current rally can now be start of a new impulsive leg higher, with price currently trading at the beginning of...
GOLD continues its bullish run as the dollar weakens, waiting for price to breach previous high to achieve a target of GOLD 1340 before pulling back and potential retests the highs of GOLD 1380, EMA50 continues to support its bullish move.
higher time is in strong uptrend and showing strength intermediate time frame also in uptrend and rising moving averages with the shorter time moving average slightly flattening showing consolidation with price trading around it price is seen here forming a resistance at the 96.16-96.17 area with the three price rejection candles forming a ascending triangle...