Norsefx

Norsefx

MYEC has some divergence with both the MFI and the MACD curling up. The RSI however put in a new low last wednesday. Volum is low, but im bullish as long as the 0.0160 level hold as support. First resistance comes in at 0.0177 area.

Norsefx

MYEC hit the 0.0140 support from mid August. Now closing in on resistance sits at 0.0177 ish.

Norsefx

USDJPY working lower.

Norsefx

USDJPY at upper trendline. Heavy resistance at 118.80 if it breaks.

Norsefx

MYEC has been trading in a decending triangle pattern since November. Tight trading range and near completion of pattern. Volume is key for these patterns.

Norsefx

NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900

Norsefx

Both the daily and the 1H chart looks bullish. The daily chart has positive divergence, and the 1H got a triangle in play. 1.2350 area looks like bottom to me. Stop loss level 1.2349

Norsefx

Falling wedge in the 30 min chart. The overall trend is bullish. This can be both a falling wedge and a douple bottom (114.050)

Norsefx

ERBB is in a consolidation pattern. The ideal place for a pattern to break out is at 60-75% completion, so decision time is upon us. WIth all the voting over marijuana it will be interesting to see how American green reacts.

Norsefx

MYEC is now at a key area of resistance. The stochastic is starting to slightly curl downwards. RSI is neutral, but the volume is fading. The key area of support is at the 200MA + the support from the structure after the initial breakout.

Norsefx

The EUR/USD is now at a key point in terms of the 1H chart. The short term in the chart is bullish, however.. the 1.27 area was a key area of support earlier, so this is a major battleground for the bulls. There is also a ultra small ascending triangle.

Norsefx

Ascending Triangle formation. Potential upside of 30%. Look for a break of resistance @0.0400 at high volume for confirmation Resistance @ 0.0520