DanBlystone

DanBlystone

Double top has formed on the USD/CAD monthly chart and price is hovering around the neckline.

DanBlystone

Gold has formed a double bottom reversal pattern on the daily chart. Price has risen from the lows of $1,676 and is nearing the neckline at $1,755. A breakout with good volume above this level would be conidered bullish from a technical perspective. Gold prices were lifted this week by a weaker US dollar and lower US Treasury yields. When the dollar falls, it...

DanBlystone

EUR/USD has fallen below the major psych level of 1.20, amid easing risk appetite and upbeat US economic data. From a technical perspective price has gone through the neckline of a head and shoulders top pattern on the daily chart. #EURUSD

DanBlystone

A bearish 'death cross' pattern is poised to form on the GBP/USD daily chart. The pattern is typically defined by the 50 period SMA crossing below the 200 period SMA.

DanBlystone

The reversal in crude oil prices on Wednesday added pressure to the stock, diminishing it’s appeal as an alternative source of energy; www.traderslog.com

DanBlystone

Bearish Engulfing along with 50 period SMA poised to cross over the 200 SMA to the downside. A well defined trendline lies beneath forming potential support.

DanBlystone

A bearish reversal Dark Cloud Cover pattern formed on Tuesdays chart. Momentum as reflected by RSI also reversed after hitting the 70 level.

DanBlystone

Looking at Apple's daily chart we can see two bearish indicators - overbought RSI declining and the Dark Cloud Cover reversal candlestick pattern

DanBlystone

short entry on price trading below Fridays low/close

DanBlystone

Potential pin bar off resistance in USD/CAD 4 hour chart