USD CHF was for the last couple of months tracking down in its price, inside of a falling wedge. But on Wednesday and yesterday price appears to have exited this giant wedge. The Relative Strength Index has this pair heavily oversold, so much so that a bigger move in the opposite positive direction by the USD is surely on the cards very soon, as some of the...
This Daily Chart of USD NOK shows the turnaround today of more buying of the Greenback across the currency's. 1HR Chart below:
USD SEK is turning around in a slack day for the USD. Perhaps USD is turning around at present and retracing right now for a Buy in USD SEK.
Current price for AUD CHF is sitting right on the anchored VWAP and a bullish cross of 9EMA over the 50EMA on Daily timeframe.
This looks like a risky little reversal trade. Just kidding. USD has burst from its lows to take on the Poles currency PLN. A strong double bottom has formed and I am expecting plenty of upside in this trade.
An easy trend following Short of EURGBP, forget the complexities of for-example trading Gold, this one was 'in the bag' as a Short all week. Just pull up a 4 hour chart and it looks so easy! Further Short-selling I think next week of EURGBP but if you take a look at the monthly-chart below you will see where the 200EMA-Monthly has supported price previously...
Jan / Feb 2024 Advanced Micro Devices broke-out & cursed up the charts. Then it took a couple of months to pullback & then entered some months of consolidation. Now, its pulled back like a sling-shot and ready to go again. Plus, it has so much in common with Nvidia.
USD SEK looks to be getting into it's new trend upwards after falling out a falling wedge earlier. It's gotta stop falling sooner or later. But be aware it also has price action up and down inside a monthly bullish pennant. How bullish right now is what needs to be known.
This pair should keep Wednesday trading volatile at least in the currency markets. EUR looks to be making a bigger move upwards and that could be starting today. * For education and illustration purposes. Trading is risky. * Advice-Consider smaller lot size. It can make you bigger money in a trade because it can keep you in a trade for much longer....
Do you ever wish you could make that BIG move in a trade, over maybe a couple of months but for big-bucks. Timing is everything for these big moves. They don't make it easy for us retail traders to capitalise on these big moves. AUD CHF is a very high time frame double bottom right now. Recommended to scale into with tiny lot size, so you can watch it, and...
Gold has some divergences on Stochastic's and it's basically a bit overcooked and I think it has some cooling on many mid-higher timeframes.
b. I saw this at the weekend as something that was going to cross-up today into a Long-trade with momentum and strength. The shape of RSI - Stochastic's Patterns and Price - all revealed that this would rally today
The Aussie Dollar has been bouncing back lately against many of the major currency's. Here, we took a look at the AUD USD, 3 Month Chart. As I recently suspected, it looks good to breakout & upwards soon, out of a consolidation it's been in since July 2022. The latest 3 month candle looks like it might drive it out of this range, when exactly I have no idea,...
Coinbase is a well established setup and professional company in the Crypto world, a new-base may be forming on its chart and new, fresh buying emerging right now. This next 15 minute shows the bottom of the Coinbase chart structure. See next chart below
Cryptocurrency seemed to love FOMC a couple of days ago, unlike the Gold-price that sent a nasty sell-signal to Long-holders, not even 1 hour after an interest rate reduction was announced. But that's Gold-trading where your screen can go from red to green at the blink of an eye and vice-versa before you get a chance to rub your eye-brow. OX is ZRXUSD and its...
As many expected, Cryptocurrency has been on fire since FOMC interest rate cut. During Thursday trading most were up around 5% or more. What I notice about Cryptos is that they are sensitive to the overbought scenario and when the liquidity occurs and they are all aligned in more of an oversold condition, the buyers start flooding back in because they know...
A chart of the VIX Index a few moments ago, this 1hr chart with Bollinger-bands shows where its hourly Candle is positioned currently at the bottom of bands, a reversal could be imminent and market volatility.
Gold price is moving along an Intraday Double Top and has found momentum on a head 'n' shoulders pattern on a low timeframe. Idea is to buy at market- current price up until 2590. Stop-loss 2579.90