Candles254

Candles254

AMD follows a price pattern with intervals of $10 on the weekly chart. The fixed line are my most favorable entry price with the dotted line being my interim entry.

Candles254

Invesco QQQ usually follows a specific price pattern for support and resistance zones. From my experience, the price moves in intervals of $20. Eg 200, 220, 240......etc. The fixed lines are weekly entry opportunities I am looking at and the dotted lines are my interim support zones. Geo-political tensions and monetary tightening will provide good opportunities to...

Candles254

The Kenya shilling has been facing a lot of headwinds, and with the central bank maintaining its monetary policy stance and keeping interest rates at the current rate, plus it is an election year, I see the shilling weakening further.

Candles254

The monthly chart of the pair has traded in a channel since 1st of June 2016. The price action has remained between 0.82783 (fib 0%) and 0.90887 (fib 78.6%) with a major support at 0.86703 (fib 38.2%). With the price currently trading close to the resistance level at fib level 78.6%, there is a high probability of a reversal in the bullish trend.

Candles254

This currency pair is at a very crucial price point on the daily chart. Price around 0.92840 is not to be ignored if it bounces back or hits new lower lows will be determined as the session continues. So far, this will probably be today's resistance level along the 20 m.a on the bollinger bands.

Candles254

The 4 hours chart has not crossed resistance level since the 18th the May at Fib level 0%. With the bollinger bands showing possibilities of a slow downtrend, the moving average line has crossed the 23.6% fibonacci level on a downtrend. The weekly chart also shows resistance at the 38.2% fibonacci level and has been unable to cross it since the 18th of May as well.

Candles254

With today's price action staying around fib level of 23.6% (0.89657) and bouncing off the 20 day BB m.a, today's price action is neutral so far. As from 18th May, price action has remained between fib level of 50% (0.88647) and 0.90083. Being stuck in the middle of price movement in either direction, going long or short on the currency pair cannot be justified at...

Candles254

With the U.S dollar being highly unpredictable, there is a lot of uncertainty in the direction in which the currency pair is headed. With the bollinger bands in support of a steady uptrend, the price action at this point can fall in either direction. This is dependent on the direction in which the dollar goes. As for now, patience is Key is an entry point is to be...

Candles254

EUR/NZD slightly broke through its support for the past few day at the Fib level 23.6% (1.74455). The 20 day bollinger band M.A is at the 38.2% fib level and it is on a downtrend. The price action has not had a sustainable breakthrough from the 20 day bollinger band m.a since April 30th. With Aroon up and Aroon down having a parallel downtrend pattern, and today's...

Candles254

The EUR/CAD made way into its resistance level in April 7th, Fib level 38.2% (1.54146) and has been unable to have a sustainable breakthrough since then. The 20 day moving average in the Bollinger Bands has coincided with the Fib level of 23.6% (1.52776) to offer support or resistance to the price action for about two months. With today's candlestick breaking...

Candles254

The 4 hour EUR/USD chart has been trading in a channel so far. There is a serious battle between bulls and bears, resulting to a lot of uncertainty and the Euro and Dollar play tag. Aroon up slipping down 50% and Aroon down at 7.14% signifies that there is potential for an upside trend or a downturn. The currency pair is best to be monitored for a buy or sell signal.

Candles254

The 4 hour GBP/USD chart is signalling a possible reversal as it trades about its resistance level of 1.23633. With Aroon up easing to 92.86% and Aroon down at 14.29%, the pound will ease some gains against the dollar with 1.23259 the price to pay attention to.

Candles254

EUR/USD found some support n the 45 minute chart at around 1.11320 (fib 127.2%), closing to a critical level at 1.11516 (fib 1.414). With Aroon up easing down to 92.86% and the currency pair consolidating, there is the possibility that the current gains of the Euro against the Dollar is easing and a reversal is a around the corner. If a second wave is a potential...

Candles254

The daily USD/CAD charts is showing mixed signals as much as it crossed a major support level at 1.38525 (100%). With Aroon up at 21.43% and Aroon down at 85.71% there is still the possibility of the Dollar loosing value against the Canadian Dollar, though as from what we have seen, the Canadian Dollar is seeing some erosion as well but there further possibility...

Candles254

The 30 minute GBP/USD chart is showing signs of the Pound losing value against the Dollar. After the currency pair broke through its resistance at 1.3241 (Fib 78.6%), it has found support at 1.22948 (61.8%). With Aroon down at 100% and Aroon up at 0%, the divergence indicates greater possibility of further weakening of the pound as the dollar gains due to fears of...

Candles254

The 15 minute EURUSD chart shows that there is potential sell-off of the currency pair after such a wild run breaking its resistance at 1,09280. With Aroon up at 92.86% and Aroon down at 85.71%, there is mixed signals as to where the currency pair is headed. With promising economic news from Europe and the potential of economies opening up easing pressure on the...

Candles254

The 45 minutes chart shows that the currency pair is losing its upward momentum after touching its resistance level at 1,21954 (Fib 61.8%). Aroon p is at 85.71% and showing the possibility of further weakening of the pound against the dollar. Next price point of interest is at 1.21804 (Fib 78.%) if the currency pair sticks to its course. At this point I will take...

Candles254

The EURUSD hourly chart is showing some weakness in the EURO with the resistance level of 1.8854 (Fib 100%) and indicating that there is potential for further downturn. Aroon down is at 100% and Aron up at 57.14%. This shows that there is some mixed signal in the market and further confirmation is needed to guarantee further slipping of the Euro. Looking at the...