Seems as good a time as any to jump in again, but maybe it'll drop more. Price is near bottom 2 STD on our linear regression that started March last year (coefficient of over .95!) Also worth noticing: there seems to be divergence with price bottoms compared to the MACD indicator.
If DXY keeps ranging, probably will drop a bit today.
In case today's risk on, I have a USD sell position.
I'm not sure how to set targets with Gartley in forex. The fib numbers seem way too optimistic. I wouldn't actually enter this trade. Cons: Daily is Bullish AUDJPY went nuts during COVID19, not quite normal yet. No other indicators strongly confirm Bearish Gartley Pattern. First day of trading doesn't see enough traffic for this strong of a...
USD to decrease on Jobless news. It's sure bad where I'm at.
I'm not skilled I'm not a pro. Bounced off 100SMA a few times already. I think it could go up to .618 fib retracement or at least a double top. If price continues to fall be on the look out for a head and shoulders pattern.
MACD Divergence shows momentum exhaustion and trend line for confirmation. Harmonic pattern similar to bearish butterfly is noticed before the ranging. Daily shows a significant fib retracement which could prove me wrong if price extends to reach it.
Watching this one. I expect the dollar to rise a bit still.
New to trading, especially need to work on my entries. You might want to target a better entry. Fundamentals: One red flag is how the calendar forecasts weak USD reports at the end of the week (with the exception of a good unemployment forecast).
A trendline since early September has been broken, as well as a support set for the last two days. Daily shows resistance at 50 SMA MACD divergence with price on 1H, 2h, and a few others.
Newb here, no fundamental analysis done but I guess NZD recent highs will slowly lower as the trade war slowly hurts its exports. Trying out my technical analysis skills. No harmonic pattern. The weekly shows it escaping a bearish wedge, doing a textbook retracement and finishing lower. I would expect it to keep going after this second retracement. There is a...
Fundamentals might disagree Could push higher to 200MA and monthly pivot point Waiting for candles on daily or an entry signal on 4H
Newbie demo. 4H stochastic crossed out of the overbought zone. MACD on 4H had not crossed under yet. Enter based on your own strategy. Redflags: bullish scallop pattern