It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new...
Breakout lower from that consolidation and out of the descending triangle pattern with strong momentum could signal a trend reversal. Retracement around 38.20% could be a scenario if this breakout occurs.
Higher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
Yen acting stronger and this trade seem to have some room lower see the stochastic momentum indicator left the overbought zone and watching the uj falling probabilities at least we can say yen might have some chances!
This type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line...
The trend is trying to shift its prevailing direction seeing the price action making lower highs. Might fall around the older support zone.
Price hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend...
Bullish domination overall. Equity market doing well recently from yesterday after market optimistic by $2 trillion in virus relief largest economic stimulus package seeks to give families and businesses a financial shield against the new coronavirus pandemic. Technically I assume there is room still and OANDA:SPX500USD ma prolly make 50% Fibonacci retracement.
The sentiment is supporting the bull and price about to leave the oversold condition in the leading indicator. Equity market doing well recently from yesterday after market optimistic by $2 trillion in virus relief largest economic stimulus package seeks to give families and businesses a financial shield against the new coronavirus pandemic.
If you are the guy who think that DXY has more room left for downside this trade might be interesting for you.
Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long...
I think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout...
The bull is weighing against the bear at the moment on TVC:NI225 knowing how the global equity markets turning from red to green because recently market participants having higher risk appetites. Also, at this point, we know that YEN losing its strength against may other currencies and it's been a couple of days now so I think that should help the...
When the whole town runs for risk bets man how the hell might this yellow metal shine?
Price was within the descending channel for this equity index and lately, china had done very well combating the virus outbreak and it has lower death rate comparing to Italy and thousand have already been recovered where new cases weren't escalating the way it used to like past. This all proves that china is one of a great nation around the world which may prolly...
Technically it seems brent crude oil making the double bottom and sentimentally the bulls doesn't wanna lose the ball out of its feet and defending it from bears. Overall at the moment seeing this price action technically we see momentum are in favor of bulls where stochastic just left the ground from the oversold zone. I assume this oil might have upward space in...
Mnuchin said the US will purchase 77 million barrels to re-fill the strategic petroleum reserve. A positive headline on pharmaceutical treatments changing the overall sentiment for now which helping rebound on comdolls and some equities. I would not say an overall reversal but this kind of positive reports may shift the sentiment for a short period of time which...