ProFX_Strategist

ProFX_Strategist

"Now price is at a vital point; will it pullback?" Dear traders, there are bullish signs for this pair... The RSI is nicely above it's neutrality level of 50 (& not at overbought zone); as such, we can keep our focus higher... Additionally, the MACD/AO is bullish... The bright-green MA is well above the bright-red MA now (up-trending price signal)... But it...

ProFX_Strategist

A Dollar bullish movement... (This is just my feeling about it...; after trying to predict/forecast the DXY chart for some time...) Best regards.

ProFX_Strategist

The bright-green MA is separated too far off from the bright-red MA now (it should bring the price back down lower & closer to the bright-red MA)... The MACD/AO is indicating a downwards move... The RSI is glazing against the overbought zone (ready to deflect downwards again - most probably back to the neutrality level of 50)... P.s., I wonder about crude oil;...

ProFX_Strategist

This pair is somewhat interesting because it has broke-out (passed the cloud-resistances; most notably the dark-red MA)... The MACD/AO is currently bullish... But the RSI is nearing the overbought zone (so beware that price may want to pullback...) Last but not the least, the bright-green MA is looking "quite desperate" to chase after that bright-red MA now (as...

ProFX_Strategist

Hello traders, it seems that this pair has broke out of the way of strong cloud-resistances... (Most notably, the price has broken-passed the dark-red MA...) The RSI is above it's neutrality level of 50; it is bullish (like some experienced analysis would say)... The MACD is also bullish (like some experienced analysis would say)... Bright-green MA is above the...

ProFX_Strategist

Hi traders, it is likely that there is going to be a pullback...; The Ichimoku bright-green MA has just started crossing below the bright-red MA (as you can see)... (Bearish signal...) Also note the magenta color arrow pointing down (suggesting a sell signal)... The MACD/AO indicator could begin printing some negative divergence downwards... The RSI is...

ProFX_Strategist

It would be wise to anticipate some pullback soon...; The RSI is scraping at the overbought zone... The MACD/AO could start printing lower bars soon... But I'm not certain whether if the bright-green MA is set to cross below the bright-red MA anytime soon (because that would signal this pair for a bearish price action/move then)... Note that the cloud-supports...

ProFX_Strategist Updated 

The (Ichimoku) has started to indicate a bearish signal (the bright-green MA has just started crossing below the bright-red MA, as you can see)... In addition, the cloud-resistances above is also quite thick... (This is quite a significantly bearish sign; because the price & the crossing is taking-place more "underneath" the cloud...) So now the price is perhaps...

ProFX_Strategist

Hi guys; here's just a small analysis; The RSI is rather close to the oversold area, so it is wise to anticipate that it will most probably try to go back up again (perhaps to the 50 neutrality level)... The MACD also has a possibility of turning-back-upwards as well (perhaps back to the 0.000 level again)... In addition, the Ichimoku MA (bright-green) is also...

ProFX_Strategist

To break down, to the downside... Future Short... Trade safe. Best regards.

ProFX_Strategist

It would be wise not to be too overly enthusiastic to try to Short this pair right at the moment...; (Ichimoku): The bright-green MA has crossed above the bright-red MA (just not too long time ago)... This is a bullish signal... In addition, that part of the cloud is thinner (which indicates thinner-resistances that the price could break-through...

ProFX_Strategist Updated 

Notes; (Ichimoku): The bright-green MA is drifting too far off from the bright-red MA (so eventually they will attempt to converge/meet "closer" once again like they always do)... (The bright-green MA is where the price is currently sitting/resting on...) In addition, also pay attention to the MACD indicator; it is displaying rather oversold conditions, as...

ProFX_Strategist

The Ichimoku indicator gave a very-strong bullish signal for the uptrend (back in mid-April)... The bullishness has ever-since progressed with great strength until today... (Note how the bright-green MA has crossed-over the bright-red MA back in middle-April; happening above the cloud; which is a very strong bullish signal indeed.) Technically, the...

ProFX_Strategist

Testing the indicators...; This chart is useful to study how the Ichimoku System, MACD, & the RSI works to determine price movement/trend (basically)... This chart also goes on to show how all 3 indicators can work together/correlates (in a consistent orderly/manner) to forecast/predict the market price movement/pattern/trend... The MACD certainly...

ProFX_Strategist Updated 

EURAUD on the daily chart view; Ichimoku; Take a good look at the bright-green MA (which the price is currently resting on); it is looking ready to close downwards - like the jaws of a crocodile ready to close-down (as you can see back in history; this price action always has to happen)... Nevertheless, there are some very thick cloud resistances positioned just...

ProFX_Strategist

Ichimoku; Note the bright-green MA; it has already crossed below the bright-red MA; this suggest a bearish signal. But also do note the thick resistance-clouds directly below...; the price will not have an easy time breaking-through those thick clouds (but a very strong-price action will try to, & can break right across)... In addition, it is also very...

ProFX_Strategist

The Ichimoku system is basically a very advance indicator consisting of a set of Japanese moving-averages, & cloud supports & resistances...; it is said to be proven to yield highly accurate/precise results/predictions on price charts (as compared to the standard western MA indicators counterparts & standard support & resistance study)... The Ichimoku system...

ProFX_Strategist

The Ichimoku set of moving-averages & clouds works especially well on the longer time-frame charts (as compared to working well on the shorter time-frame charts)...; Currently, a warning signal from the Ichimoku system suggest that this S&P 500 pattern is about to take a turn (downwards)...; Basically, the bright-green MA has started to cross below the...