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Technicalindicators

Will the EURCHF start to weaken??Hello Traders, The EURCHF may be ready to pull-back. I anticipate a dovish tone at the upcoming ECB Monetary Policy Statement that may be the catalyst to cause a pull-back in the Euro. It is also possible this may cause some traders to take profits on their recent gains. From a technical viewpoint, the pair has hit a relatively strong resistance point on the 1W. The price just bounced off the 50-EMA on the 1W as well. On the 8H, Bearish Divergence is forming on the MACD Price Chart and RSI is in Overbought territory. On a short-term basis (1M), Hidden Bearish Divergence is forming on the MACD/Price Chart which may be a signal of an ongoing pull-back. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
Short
by pofseur
1
EURUSD may begin to pull-back?Good Evening Traders, I am not big on looking for trend reversals or draw back trades, but the EURUSD may be setting up for a significant correction. I believe the ECB rate decision and following press conference will be the catalyst that begins the draw-back. It appears almost certain the ECB will provide additional relief and stimulus relating to COVID-19. The question is exactly when this occurs and is announced. I anticipate the press conference having a more dovish tone due to this. From a technical view, MACD is beginning to diverge from the Price Chart on the 8H. Price has blown by previous Bearish Divergence signals, but price appears to be at a stronger resistance and the current momentum may be slowing due to the upcoming rate decision. On the RSI, a double top is forming on the 8H in Oversold territory. Last time we saw a double top on the 8H in Oversold territory was at the beginning of March prior to the major sell-off that occurred. I do not believe the current sell-off would be nearly as significant, but we are seeing the same signals. On the 3H, Bearish Divergence was confirmed on the MACD/Price Chart so the 8H is likely to follow suit. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
Short
by pofseur
1
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NSE:BANKNIFTYShort
by deveshverma0493
2
CHFJPY about to pull-back?Hello Traders, It appears the CHFJPY is setting up to make a pull-back to recent support. Hidden Bearish Divergence has formed on the 1D Price Chart/MACD. The MACD is quite far from the zero level as well so it has some room to move downwards. I am expecting a decline in price to around the 240-LMA. If the price closes below the triple MA's, the move may continue downwards. Looking at the 8H, Bearish Divergence is forming on the Price Chart/MACD. Short-Entry consideration would be made when the lower-high is completed on the MACD. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
Short
by pofseur
CADJPY Trade Plan. Will it continue upwards?Good Afternoon Traders, Following the recent spike in price on the CADJPY, a pull-back may occur before further upward movement. On the 16H, price has closed well above the 240-LMA and it appears new support may have formed around the 78.16-78.52 region. RSI has entered Overbought territory as well. Bearish Divergence is beginning to form on the 16H Price Chart/MACD. If price draws back to support and Bearish Divergence is formed, long-entry consideration would be made. On the 3H charts, price has been Diverging from the MACD for 3 consecutive highs. A 4th area of Bearish Divergence is currently forming on the Price Chart/MACD. RSI has been in Overbought territory prior to the 3 previous draw-backs. RSI is again in Overbought territory and the previous conditions appear to be repeating themselves for a 4th time. (See attached 3H Chart) If Bearish Divergence is formed and price draws back to support on the 16H, long-entry consideration would be made. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
by pofseur
USOIL, Bullish Price action, where to BUY??Please Support this Idea with LIKE if it is Useful.... USOIL The price broke above the Range and is above key support/resistance level,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow ,after a pullback wait for the price to give bullish signal and look for buy opportunity.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case price breaks below the level then we can look for sell opportunity.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Checkout Today's Analysis below
TVC:USOILLong
by Stargazer_fx
11
USDCHF, where to SELL??Please Support this Idea with LIKE if it is Useful.... USDCHF The price is close to Support/resistance level,If price breaks below the support then after a pullback the pair could give us a nice sell opportunity with good R:R ratio,wait for the price to break below the level after a pullback if price gives any bearish signal then look for sell opportunity... For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL.. Trade it with proper Sl.. In case, if price breaks above the support/resistance then we have to wait for a clear direction.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
3
EURUSD, where to open Buy??Please Support this Idea with LIKE if it is Useful.... EURUSD The price broke above the Range and is above key support/resistance level,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow ,after a pullback wait for the price to give bullish signal and look for buy opportunity.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case price breaks below the level then we can look for sell opportunity.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
8
GOLD, broke trendline and above S/R level,Buy on pullback...Please Support this Idea with LIKE if it is Useful.... GOLD The price broke above the trendline and is above key support/resistance level,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow,wait for the price to give bullish signal and look for buy opportunity.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case price breaks below the level then we can look for sell opportunity.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
OANDA:XAUUSDLong
by Stargazer_fx
5
EURUSD Breakdown for Upcoming WeekGood Afternoon Traders, The Euro is looking to continue its move upward on the USD, but not before pulling back to Support. Bearish Divergence has formed on the 8H and price may be pulling back to the Support around 1.10000 RSI is in over-bought territory and may form a lower-low following the anticipated pull-back. Long entry consideration would be made following rejection at the support (1.10000) and formation of Hidden Bullish Divergence on the RSI/MACD. On the 1D, price is hitting a moderate resistance and RSI is nearing Overbought territory. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
by pofseur
1D/16H AUDNZD AnalysisHello Traders, I will be watching the AUDNZD for a possible break-out above the previous Resistance levels. On the 1D chart, a Bullish Engulfing Candle formed and easily eliminated the prior days’ losses. Strong Hidden Bullish Divergence has also formed on the MACD Platinum/Price Chart 1D. Elsewhere on the 16H, the price has diverged from the RSI since mid-April (see attached 16H chart). This has resulted in the current RSI level being quite far from the previous highs. The RSI appears to have some room to move upwards before reaching over-bought territory. There is a possible short-term set-up to current Resistance levels but in my opinion, the risk/reward is not there. If you liked my analysis, please give me a follow *The above is not trading advice but simply my analysis of the market*
Long
by pofseur
Will the CADCHF continue upward?Hello Traders, The CADCHF pair may continue its move upwards following the current pull-back. The pair has reached a moderate level of support. There is also Hidden Bullish Divergence forming on the 4H price chart/MACD Platinum possibly signaling the end of the current pull-back. This trend continuation becomes invalid if the price chart drops below the previous low of .6920 If you liked my analysis, please give me a follow. *The above is not trading advice but simply my analysis of the market*
Long
by pofseur