Pika7993

Pika7993

Presented is a 1 hour sell analysis. We can see our rejection at key resistance at 1.37500 with a pivot. While this is in play our RSI has a strong rejection at 50 while MACD/SIGNAL are correcting with histogram bins. I added a S-RSI for entry confirmation. As we can see S-RSI is way in overbought zone and correcting back down. Our trend is reacting beautifully ...

Pika7993

Presented is the 1 hr chart. We can see the trend establishing support legs from our bottom support pivot. RSI is closing out above 50 to give our continuation sentiment. A MACD/SIGNAL full cross and breach through close out will confirm trend will continue to our targets. First target is .66400. A breach and close out through will retest .670000. Stop loss...

Pika7993

Above was forecast for oils movement to retest 65. The forecast was spot on and was done so by correlating RSI and MACD playouts while mapping the key support zones. This will be a detailed explanation of this simple strategy. I am heavily relying on this strategy as the market has been all over the place and creating roadblocks for traders. To start I...

Pika7993

Presented is a 1 hr sell off analysis. The pair has been descending and indicators point towards continuation. RSI is slow moving through oversold while MACD is set to make a deep breach through oversold zone. Take profit at next key support at 1.48000 and retest. Please comment with thoughts and ideas. Thank you.

Pika7993

Presented is a 4 hr chart technical sell off. The pair has been busting through Key Supports. RSI and MACD indicators are slow moving and intend to breach well into the oversold zone. Set two take profit targets at the next key supports at .94500 and .93000 with a breach and close out below .94500. Expect pullback corrections at these targets. Please comment...

Pika7993

Presented is a 1 hr chart sell analysis. Our key top resistance held strong once again with a strong pivot. We have a clear pathway to retest bottom support zone of .85400. Our MACD/SIGNAL are initialing a cross to sentiment towards sell continuation. The Euro is currently significantly weak against the sterling in strength and sentiment. Take profit at...

Pika7993

With DXY struggling to make further upwards movement with clear buyer resistance I sentiment a continuation of this reversal. 1.38200 is a clear key support that we see pivot continuation that held strong from the significant gap. Our key resistance to break is the current 1.38500. A close out above will shoot to retest 1.39300. Our MACD/SIGNAL lines will have...

Pika7993

There are several fundamental views towards our 3 week DXY surge and its future. Here are my personal views that I deem logical regardless of the play out. I have mentioned recently that these economic relief packages are a form of inflation hence why we see the likes of gold and cryptos surging during times of stimulus relief. While Gold is set for another week...

Pika7993

Channel sell off analysis. The pair has been shifting between support and resistance within a a straight channel. The price that was previously a resistance line was breached as high support for this sell off sentiment back to bottom support MACD/SIGNAL have crossed to add confirmation correlating with RSI coming out of the overbought zone. TP one at first...

Pika7993

Presented is the 1 hr chart. Sell entry should be close out below 1.66100. Entering two positions with two potential TP zones. First at 1.65400 and TP 2 at 1.64900 with previous support breach. MACD/SIGNAL are attempting to initiate cross for added confirmation. RSI must breach 50.00 in order for trend to reach TP zones. Please comment with thoughts and ideas....

Pika7993

Presented is a 1 hour technical analysis. Do to pull backs and support holds at current price I specified a safe sell entry. A touchdown and breach of 1.07870 to avoid any loss. This should brig the trend to retest our current low-high support of 1.07500-1.07400 zone. Our MACD/SIGNAL are set for a nice cross through the 0 line to confirm our sell entry. A 0 line...

Pika7993

Presented is a 1 hr sell analysis. Fundamentals point towards DXY over strength against the pound despite yesterdays gains. We call this bullish movement cash movement. A cash movement is what goes up must come down. We saw this across several pairs today most notably pairs against the Yen. So much gain taken away by a single movement. MACD/SIGNAL are initialing...

Pika7993

Presented is a 1 hour chart buy analysis. This breakout bar confirms our buy signal correlating with indicators. MACD/SIGNAL are initiating a cross while RSI is rising towards overbought zone. If RSI breaches 50.00 and continues we have full confirmation for buy continuation to take profit 1 at .86000. Please comment with thoughts and ideas. Thank you.

Pika7993

Presented is the four hour chart with MACD and RSI playouts. RSI has been trend trading within oversold zone and continues with a confirmed MACD/SIGNAL divergence below zero line. Two take profit points the first being .95900 with a take profit 2 at .91400 if first support breaks. Please comment with thoughts and ideas. Thank you!

Pika7993

Presented is the 1 hr chart with MACD and RSI technical in play. RSI dropped below 50 and is heading for oversold zone while MACD/SIGNAL diverted under zero line creating additional sellers momentum. DXY is finding confirmed support further confirming currency dips against the dollar. Take profit at first key support below lower low at .76000. Stop loss above...

Pika7993

Presented is a the 1 hr chart for this pair. All fundamentals and technicals point towards sell off continuation. I chose the 1 hr chart for a clear directional analysis however attached is the day chart snap that confirms direction. The pair is sitting at a key daily support of 1.48900. Currently on the 1 hr chart our MACD and RSI indicators are set to pivot at...

Pika7993 Updated 

While DXY has been gaining and maintaining strength we have seen huge momentum in oil price. Based off day chart trend I mapped out the expected key resistance retests for continuation. This should be a 3 entry trade with TPs at key my resistance levels. Please comment with thoughts and ideas. Thank you.

Pika7993

Finally we are seeing a sharp pullback following a huge jump in price with a small gap (which signaled exhaustion at this level). Naturally the trend will retest our previous major resistance now support at $67. Technicals pint towards the retest. MACD/SIGNAL made a beautiful cross headed towards 0 line. RVI is making a parallel correction through 0 line which...