After trading range during November and early 2024, an Upward Gap started a new upward trend. This trend with 2 tops, and 3 bottoms, broke the trendline below, making a doji after that, and today a lower bar The ADX is losing strength, and it looks like DM+ and DM- are changing positions. As a confirmation we can see the OBV and the price, that the higher high...
After a formation of a double bottom, we can see the price crossing the two resistance levels. Making a Gap on Thurdays Open. DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays. WIth these factors, the price it will probably try to close the gap or even test the new support level.
After breaking downward the channel, we can see the RSI showing a overbought level, with the DMI going lower after a peak. The volume looks to be also decreasing, with sellers losing strength.
BOJ releasing the the interest rates decision on March 19. The CHF Futures (6S) prices are in a trading range, and by other side the JPY Futures (6J) making a gap Thu to Fri. This chart show a huge probability of a short position for the pair, after confirmation of a breakout.
With the price breaking out the triangle side, the volume follows the buyers strenght with almost 5M shares traded on Friday. Waiting for the breakout confirmation.
Hello community! Well, beyond to the strong Demand that we have had since end of June: - Adding EMA 50, you'll see a long shadow trying to cross the line, showing us price change. - Comparing to Silver Futures for December, the contract is also changing direction after going to a resistance, ths increasing its value. - Using the DXY as a comparison, the...
Hello trading community! The ES Futures seems to be Bearish, and we can watch in this chart 3 Higher Lows created. A strong support that was tested three times has already been crossed and tested to create a new possible resistance. The Dollar continue to show strength, the DXY is again testing the resistance, and we believe this time will be a strong long...
As you can see in the image, we have some information about what will happen.
We've a strong support (white lines) and both of them can be tested and make a change on the price direction. This hour will probably be the next higher low, and will be followed for bullish candles and cross the dashed yellow line, this line has been tested several times
After a downtrend the candles made a long shadow trying to catch the support and has finished the hour in a bullish candle followed by bullish candles The shadows have already crossed the fibo 76,4%, and seems the orange line will be tested again as a resistance
Candles crossed the ascending line, the MA, RSI and MACD changing direction and about fundamentals the manufacturing PMI was the same value 46,2.
PMI above forecast, with 45,3 A resistance had already been tested, the candles crossed the Moving Average of Boillinger Bands, RSI is crossing 50 and the MACD continues down
Red line is a old res and after a sup that was tested several times in 1H time-frame Orange line the new resistance levels The long and thin yellow line the most recent resitance We believe in a short position with our sights are to 1.77336
After making a retracement on the uptrend line, silver is testing a resistance and you can see it since daily time-frame Also if you use RSI and MACD you can perfectly see the lines changing directions in different time-frames RSI at 30m and 15m change direction after being at level 70 close from overbought zone My SL and TP: SL: 23.94764 TP: 23.62293
As we can see we've a good trend for a long strategy. The candles have already tested the support line, but the price of silver continues to rise, and we believe in more higher highs and higher lows, at least until the orange line to be tested (it's a daily resistance, that I've been using for a long time)
The orange line is a daily resistance that I use a long time ago. As we can see RSI already crossed the 50, after a overbought zone, together with MACD we can see after the RSI change the direction MACD had crossed the signal line and also changed it. And joining these indicators we've the BB where the candles had already crossed the MA, and the BB lower line...
China the top gold consumer said the travelers after 8th January would no longer have to go to quarantine. And as we can see since the open market the gold is on bullish. We can also watch the support has moved and the channel is making higher highs However the price coudl retest the 0,5 fibo, so we would put our SL little bit below from the 0,5 line
BTCUSD should short in next couple hours, since candles already crossed the MA of BB and the ascending channel