Technician

Technician

The SPX has retested the major long term low and support level at 1821, before rallying. A bullish hammer at that support suggest we could see more upside in the short term(for the coming few weeks). Fading the rally from here is a dangerous idea. For Trade ideas and daily updates: thefxchannel.com . Best Regards Technician

Technician

Looks like a good opportunity to short crude, targeting rising trend line as a first target. A break below the trend line should confirm another test of prior lows. Note that a stability (closing) above 34.50 may negate this trade idea.. For Trade ideas and daily updates: thefxchannel.com . Best Regards Technician

Technician

Illustrated on chart the medium term possible scenarios for EURUSD. For Trade signals , ideas and daily updates, give thefxchannel.com a try. Best Regards Technician

Technician

Illustrated on chart the medium term possible scenarios for AUDCHF . Approaching an important area. For Trade signals and ideas, give thefxchannel.com a try. Best Regards Technician

Technician Updated 

My short trade from mid December is playing out well so far. However, am taking partial profits at 1821 support level. 1821 level is a major support over the medium to long term, so it is a good idea to book some profits, although i remain bearish on the stocks market. A break below 1821 will probably confirm a move to my full target around 1608. For more...

Technician

Another look in the shorter term hourly chart More at thefxchannel.com Best Regards Technician

Technician

Illustrated on chart the medium term possible scenarios for gold. A breakout below the rising trend line for the latest bullish pullback could signal bearish resumption. More at thefxchannel.com Best Regards Technician

Technician

Illustrated on chart the short term potential scenarios for EURGBP. Bullish resumption is favored. More at thefxchannel.com Best Regards Technician

Technician

We could see a move to 129.50 resistance. A breakout below the rising trend line will suggest going short.. More at thefxchannel.com Best Regards Technician

Technician

Potential directions for the AUDUSD In the short term. Breakout above 0.6970 resistance could extend the upside towards top of falling wedge. More at thefxchannel.com Best Regards Technician

Technician

On the chart is the 4-week average of jobless claims. Prior to the past three recessions in 2007, 2001 and 1991, the jobless claims average was near the current levels. Cyclically, Jobless claims is probably much closer to rising then falling. As we approach the 7th year since exiting the last recession, the average of jobless claims is at the bottom of its range...

Technician

Just a quick heads-up. On this yearly hanging man candlestick. Are we reversing?? thefxchannel.com Best Regards, Technician

Technician

The S&P500 is highly correlated with the high yield bond indices. Here is a chart that illustrate this correlation and warn of something major ahead.. For Daily Forex Forecast , forex trading ideas and forex tutorials visit thefxchannel.com Best Regards, Technician

Technician

The Three Drives patterns is one of the most powerful patterns i have encountered. : Bearish Three Drives pattern . 1) First wave is a normal bearish wave, then followed by correction 2) second wave is another bearish wave that extends beyond the first wave low and reach the 1.27 Fibonacci extension for the first pullback(AB on chart) 3)Then the most important...

Technician Updated 

If you have been following my analysis, i posted several ideas on why i am bearish on stocks. You can find them in the related links below. I am just updating with my short position. thefxchannel.com Best regards, Technician

Technician

The AUDUSD retested 0.7200 support level before bouncing higher again, forming a bullish hammer candlestick pattern at the 50-days SMA. Meantime, the overall bias in the short term remains bullish to sideways as the price could be moving in a slightly rising channel as shown on chart. The hammer at support suggests a move higher is likely in the near term. We...

Technician

Hello Friends, The USDJPY looks like it's back to up-trending mode, at least for the short term. After the price managed to maintain a bullish wave with higher highs and higher lows. To settle back above the main 200-days SMA Barrier. Meantime, the price has been consolidating in a rectangle pattern above 122.10-20 support. Holding above that level keeps the...

Technician

I am not suggesting a trade, i am just outlining this key area. Apple shares is retesting a crucial area at the 52-week Simple moving average and previous horizontal support among 120.00-124.00 region. I would be very cautious at current levels. If we break higher it could bring more upside. The countdown has started.. Check out the countdown timer to launch...