Quadricolor

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Though there is a large recent rally, the overall trend is still down. Both on the daily and weekly charts. Therefore I am looking for shorting opportunities with retracements within the long term trend. The Aussie has just hit the 61.8% retracement zone, which lines up with recent lows established before the large movement lower during March. It has also not...

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The AUDUSD is showing signs of reversing from oversold levels with the Stochastic indicators. The price action is showing a rising zigzag trend pattern. This may well fit within a newly developing supportive channel. I've proposed a stop below the channel in case of a break down and profits at the recent high and the top of the channel near old potential...

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There is clear resistance at long term previous congested lows. Together with a seeming de-escalation in the US, Iranian conflict, this lends to a good area to short with strategic stop loss. A big shooting star doji appears to be forming, to be confirmed by tonight close.

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Strong buying at support levels occurring, plus break of descending trend line. Good financials being reported adding extra support. Accumulation looks good.

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A Descending Triangle formation is growing on the USDZAR. There are two possibilities, a break above or a break below. This can be an easy trade usually the price moves strongly in one direction after a break. All that is needed is to place buy orders above the down sloping trend line or sell orders below the horizontal support line. The most likely outcome is a...

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There may be a divergence between the price and the RSI (Orange lines). If a new low forms at 10000 and price continues to 13000 resistance, these could be the lows. Fundamentally, unconfirmed transactions continues to dip below 80000 though the average confirmation time is still high. It points to a changing picture, whereas before net selling was occurring,...

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At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential...

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I am bullish in the short term - 4 Hour chart but neutral to bearish on the long term - 1 Day chart. My Daily analysis is here : The scenario that presents itself now is buying with a view of selling at the top of a potential range, due to the break of the BTC bullish trend. BTC price has rebounded with RSI also off lows. The overall bullish trend was...

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Looking at recent events major support and resistance is forming up. The fundamental aspects of bitcoin are looking a bit more gloomy than the technical aspects. The mempool size is still at record levels around 120 000 000 bytes on a 7 day moving average, there are still stubbornly high unconfirmed transactions around 178000 thought the average confirmation...

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Looking at recent events major support and resistance is forming up. The fundamental aspects of bitcoin are looking a bit more gloomy than the technical aspects. The mempool size is still at record levels around 120 000 000 bytes on a 7 day moving average, there are still stubbornly high unconfirmed transactions around 178 000 thought the average confirmation...

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Here the Dollar index has hit a long term support level around 91 to 93 and recovered from these levels twice. Both times at RSI major oversold levels. Technically this enhances support for the Dollar. Looking fundamentally, the new US tax law changes and good economic data out from the US points to support of the USD. The theme for the DXY may be either a new...

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The EURUSD is reaching levels where previous Euro selling was strongly met. A similar situation is happening at these levels. The RSI is also indicating overbought situations and is falling with a bearish divergence relative to price (Orange RSI trend line). If price does recover to the Red resistance line at 1.207 to 1.21 sell there with stops anywhere from...

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Looking at commodities which support AUDUSD, they look overbought. Adding to that the DXY situation, the USD looks supportive of potential strength. Sell AUD with good take profits at previous lows. Take profits could change depending on circumstances.

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The RSI is at lows as is the price. There appears to be resistance at these levels as reflected by the orange support line. This could represent a buying area with a stop just below the previous low around 11100. This area is also represented by the blue 55 day moving average. However some warning signs are apparent. The RSI is low, but also bearish below 50,...

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The Bitcoin (BTCUSD) has had a major retracement after setting new record highs. The RSI signal is now giving early warning to buying opportunities, however there are still reasons to wait. Firstly, the price has found resistance at the 23% Fibonacci area and secondly the RSI has not fallen all the way to the lower, oversold levels. Once RSI touches the area...

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The bitcoin has fallen from recent record highs and is currently respecting short term Fibonacci 50% resistance levels. This coincides with a stochastic overbought level on the four hour chart. Stronger resistance at these levels has been indicated by the scenario. The long term trend is up, so shorting the trade carries a higher risk, however it can still be...

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There is a channel forming and while at the base the Stochastic indicator is in oversold territory. the label 'Potential Trade' show a 4 to 1 trade at these levels, but we will wait until we get the stochastic turning up to get a confirmed entry signal. Then we will set up the stop loss and take profit levels. The main stop loss will probably be at the orange...

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In the 4 Hourly graph we can see price action meeting resistance around the $5800 mark. This is shown by the blue box market ‘ resistance area ’. There has been strong buying action at $5400 market as ‘ Potential support No.1 ’. If enough buyers accumulate then it should push the price past $5800. In this regard if the price pushes strongly past $5800 then the...