Technician

Technician

Note that this is not intended to be a long or short , its just information that should help in trading... I am starting a new series of posts "Watch This Level" where i will be publishing the most important short,medium and long term support and resistance levels. Its not a forecast or a trade its just an attempt to provide and show levels that might be key on...

Technician

The pair has been trending strongly higher, however price hits a major resistance juncture and a confluence of long term technical levels. -161.8 extension level for the latest bearish wave -Main channel ceiling -Short term channel ceiling -Main Horizontal resistance level over the weekly chart I expect a bearish pullback towards a retest of 1.1455 area as a...

Technician

The number of Stocks contributing to new highs continues to deteriorate. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by fewer and fewer stocks, as the spx breaks to new highs however fewer and fewer stocks on the NYSE making new highs,...

Technician

Inspired by AdrianRaymondFX www.tradingview.com post on the ratio of the long term 20-year treasury bonds over the SPX. I have looked at that ratio from a volatility perspective, deriving this tiny study with some conclusions that could be handy.. - Bollinger Bands: Definition: I have added a 52-week bollinger bands, which is a measure of market volatility, the...

Technician

*Update: Stopped out... ------------------------------------------------------------------------------------------------------------------------------------------------------------ Gold failed at the main descending resistance for the overall bearish trend, where price headed back to settle below the 50-days Simple moving average. Today, the price dipped below...

Technician

The current market positioning seems pretty vulnerable, where after a 5-years bull market, serious technical warning signals have been persistent within the past year. So a short seems an attractive call just slightly higher, as the reward compared to risk is high. I have discussed in my earlier posts some of these signals, such as market breadth deterioration,...

Technician

The overall bias remains sideways within the past months. Currently the price prints a pin Bar at horizontal resistance and completion of a three drive bearish harmonic structure just near the top of the range. The structure of the three drives is not ideal as there is no exact symmetry in the extension, but i would consider it. Best of luck. Join me at...

Technician

Technical Analysis: The long term chart for the stock is pretty negative, the price has broken below a major monthly support, completing multiple bearish patterns, a head and shoulders top followed by the minor double top formation, The medium term outlook(months) for the share is dimmed, Shorting on any pullback towards the broken support area is favored, where...

Technician

The pair hit a major resistance level at 1.5020 where it was rejected forming a giant pin bar today. The horizontal resistance coincides with top of the short term ascending channel as shown on chart. I am looking for a pullback lower within the coming few days, targeting initially 1.4830 level. A break and stability above 1.5145 might negate this...

Technician

Multiple bullish breakout on silver, - The price has taken the short term falling trend line - The price has taken 16.65 short term horizontal resistance - Monster Pin bar and at long term rising trend line and 15 major long term support area. I think the price will find support above 16.65 in the near term, a pullback towards 16.65-16.75 may find renewed demand,...

Technician

*Update: Stopped out ------------------------------------------------------------------------------------------------------------------------------------------------------------I have shorted the pair again near the descending resistance of the short term falling channel, the price printed a pin bar at 0.7920 horizontal resistance. Hope this one goes as...

Technician

*Update: Stopped out ------------------------------------------------------------------------------------------------------------------------------------------------------------ The price is testing multiple support levels around 0.8100 area - A previous horizontal support area -The 61.8 retracement level for the bullish trend -1.271 extension for the latest...

Technician

Copper has been pushing lower to the support of this monthly descending triangle, the breakout of the triangle was confirmed last week. The projected target for the pattern is near the 2.00 mark also near the main rising trend line. I am suggesting two possible trades, one in the near term, on the right hand side daily chart, and the other on the Monthly chart...

Technician

NZDUSD: Daily Technical Update - Dec 08 (1)The pair moved decisively lower, reaching the downside targets inline with the prior technical updates. (2)The price dips below 0.7680-0.7660 major support area and bottom of the main sideways range. and breaks below the minor descending channel shown on chart. #No confirmation for further downside for now, I will wait...

Technician

Gold is consolidating in a possible pennant formation above the 50-days SMA following the latest strong rally. However the price remains below the multiple trend lines Will the jobs report Kill the Rally? I don't think so... The Employment report is due within hours, what I expect is a number that is inline or below expectations, i am not expecting a beat this...

Technician

Gold has been in a bearish reversal mode since breaking out below the neckline of the major monthly double top shown on chart, since then , the price of gold continued to move lower in a bearish configuration of lower highs and and last month managed to record a new lower low at 1131.00. Recently, the price completed a triangle breakout and followed through...

Technician

See Yesterday's Update before reading... Monday Update: ................................................................................................................................................................... Daily Technical Update - December 03 NZDUSD retested the 50-days SMA and the top of the minor falling channel, before moving lower again...

Technician

Daily Technical Update: (1) The NZDUSD has been trading in a sideways range since late September low at 0.7706. Range: (0.8035-0.7659) (2) This sideways range comes in the context of a bearish trend started from 0.8835 High in July. (3) The recent bounce of the range support was interrupted at the 50-days SMA. Where downside pressure was seen again. and price...