Technician

Technician

This is already late, however i just wanted to illustrate a clear example of technical confluence that provide high probability trades. It was optimal to short near that resistance area on the week following the major gravestone doji week. Be one of the first 1k members of my new trading portal, check my new website thefxchannel.com , vote and subscribe. Thank...

Technician

Silver has shown some good signs of recovery, breaking the neckline for a bullish formation at 17.30 and that extended the near term upside to the 200-days and a major horizontal resistance at 18.35 areas. This area is CRITICAL and should be broken to confirm more upside. If broken i see big upside potential at least towards 20.00. Yesterday, price formed a...

Technician

Usually a breakout above the high or below the low of long legged doji candles leads to further movement in that direction. We have seen a breakout and daily closing below the low of the candle yesterday, and that comes after a retest of areas near the 78.6 retracement level for the overall bearish wave from 1345.00-1131.00.. Add to that a potential double top...

Technician

The next major Monthly(Long term) Support level to watch for the EURNZD. Watch for a rebound or a breakout. Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout. Trade forex with me, check my new website thefxchannel.com , vote and subscribe Join me at twitter.com My best regards, Technician

Technician

I am looking to short the pair if we see another attempt to the upside towards 1.0020. - Two major rejections(pin bars) at the 78.6 retracement level -A horizontal resistance at 0.9980. -The 200-days Simple Moving Average. -Daily RSI in overbought region Trade forex with me, check my new website thefxchannel.com , vote and subscribe Join me at twitter.com My...

Technician

*Update: Stopped out.. ------------------------------------------------------------------------------------------------------------------------------------------------------------ I just initiated a long, I was waiting for a confirmation for a long following last week hammer candle, unfortunately ui didn't get that confirmation on a lower price. So i just bought...

Technician

Updating my earlier analysis for gold with a potential long trade scenario. I am looking for a pullback now towards the broken 200-days SMA before going long. Buying near the current levels is risky and unacceptable in terms of isk-reward and money management. Motives of the trade -Gold has completed a head and shoulders bottom -Gold had broken the major...

Technician

This is a potential long on the EURCAD. As you can see on the weekly chart above the pair has been trending lower within the past months, however have reached a potential area of interest -The 50-percent retracement for the overall bullish trend -The long term 52-week Simple Moving Average -At the descending support for a broadening formation. -RSI is signalling...

Technician

We might get another bearish reactive bounce following the latest pin bar shown on chart and within the context of the overall bearish trend. However, i would be carfeull at current levels as the price has hit a major long term monthly support at 1.0430. Guys, please check my new website thefxchannel.com , vote and subscribe , thank you... come join me at...

Technician

Introducing another posts type named " Watch This Candle", I will try to spot and explain the main important candlesticks patterns. I wish you like it. If you do please comment and agree so i...

Technician

The next major Monthly(Long term) Resistance level to watch for the dollar index. Watch for a rebound or a breakout. Join me at twitter.com www.facebook.com plus.google.com My best regards, Technician

Technician

The next major daily(Short term) Resistance level to watch for GOLD. Watch for a rebound or a breakout. For a more thorough analysis for gold check the related link below... Best of luck. Join me at twitter.com Also at my Facebook page www.thefxchannel.com Google Plus : plus.google.com My best regards, Technician

Technician

The next major daily(Short term) Resistance level to watch for the USDJPY. Watch for a rebound or a breakout. Best of luck. Join me at twitter.com Also at my Facebook page www.thefxchannel.com Google Plus : plus.google.com My best regards, Technician

Technician

The next major daily(Short term) Resistance level to watch for the EURUSD. Watch for a rebound or a breakout. Best of luck. Join me at twitter.com Also at my Facebook page www.thefxchannel.com Google Plus : plus.google.com My best regards, Technician

Technician

Gold Technical Analysis: looks pretty interesting, exciting and at a major trade-able juncture. 1)The price of gold has been moving in a sideways bias for the few months, that sideways movement is taking the shape of an inverted head and shoulders bottoming pattern. 2) Gold has tentatively broken a long term descending trend line, i say tentatively cause the...

Technician

*Update: Closed half position at first target, moved stop to break-even, second half was stopped at break-even.. ------------------------------------------------------------------------------------------------------------------------------------------------------------ The pair rallied strongly within the past days, headed to overbought condition at a confluence...

Technician

The next major daily(Short term) Resistance level to watch for the AUDCHF . Watch for a rebound or a breakout. twitter.com Facebook page www.thefxchannel.com plus.google.com Technician

Technician

The next major Monthly (Long term) support level to watch for the WTI Crude Oil. Watch for a rebound near this area twitter.com Facebook page www.thefxchannel.com plus.google.com Technician