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Trendbreak

Raiden to regain Daily Uptrend?Raiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects. Outlook: - Daily Support currently Holding after recent trend break, area of interest is at Daily Resistance and Retest of Daily Uptrend. I think the only thing that help price regain trend will be Good Drilling results. Also note the Daily GAP is unfilled just below current price. If price was to regain trend, my target would be previous high from October. If support break then GAP fill is likely. Watching. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:RDN
by Trader_Johnni
2
CHF/JPY - double breakout to the upside - exceptionally bullishCHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action. Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term. With our overall bullish bias, price has also now broken from a daily ascending trend channel to the upside. We have waited for a pullback and retest of the daily ascending trend zone before taking a long position, with an initial TP1 of 117.56. If price closes back below the trend zone we will look to close the position.
Long
by TheForexFellows
Confirmed EU USD break out of a 10 year lasting downtrend?Is this a confirmed EU USD break out of a 10 year downtrend? The trend line connecting the highs since 2011 seems to be broken to the upside at the end of last July. That was about time considering the RSI (below) and price divergence developing for the last 2 years. How many weeks it may take to get to a 50% retrace from the May 2014 high to the low of 2016-2017, if this ushers in a trend reversal, is a big question, especially given the current global economics. It is now at the top of a preliminary drawn channel at the right, where it might as well pop out. But a decent back test of the trend line also has not yet come to pass at this time... Might it reach the 50%, a continuation to the .618, and a bit above, seems obvious. When 127.5 , a significant support/resistance level, is breached and confirmed, a target of (almost) 140 and then 150 might be next because these levels are both fib-nodes (1 and 1.272) and significant resistance levels looking left. But tomorrow, it can all be different, and it will be, a lot, or just a little. Thanks for your time!
ELong
by GuidoN
FX Swing Trade - AUDUSD - 1:4.6 RRRAll comments and likes are very appreciated. _________________________________________________________________________________________________________________ AUDUSD has been trading in a downtrend for quite some time. At this time we track 3/5 waves down with a possibly finished correctional wave 4 in ABC pattern. AUDUSD bounced back from a resistance level and 0.78% FIB level and currently retesting a broken uptrend line. The Australian Dollar remains primarily driven by broader investor sentiment, rising when investors are bullish and global trade is increasing, while it tends to fall when investors are running scared and the global economic outlook deteriorates. RBA failed on his February promise to keep currency in 0.66 - 0.67 level. RBA stepping in with more aggressive Quantitative Easing is all but material: markets know it, and this makes the prospect of buying the dips in AUD not very appealing. AUD also supported by rising gold prices, however, we expect at least some correction in XAUUSD and Equity market in the near future. Thus Fundamentals and TA support each other in this case. I and/or others I advise hold a material position in the securitie. _________________________________________________________________________________________________________________ All comments and likes are very appreciated. Best Regards, I0_USD_of_Warren_Buffet
Short
by I0_USD_of_Warren_Buffett
2