Technician

Technician

This idea is driven by my earlier bullish idea on the U.S. dollar, check the related link for the original idea. If you have been following my ideas, i have been bullish the U.S. dollar for a while, and here is another way for who dont have access to the currency market to go long the U.S. dollar through the UUP - PowerShares DB US Dollar Index Bullish Fund....

Technician

After the prolonged down trend the U.S. dollar witnessed from 2002 to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility has been on the decline for more than a year, which is clear on Bollinger bands as bands squeeze, low volatility periods are usually followed by sharp...

Technician

In my previous analysis I was expecting a bullish rebound in the Gold Miners ETF, indeed the price reached my first target, the bullish rebound process is unfolding bullishly, what i mean is a new bullish technical setup has developed in the form of an inverted head and shoulders pattern. Meantime, the price has broken the 52-week Long term moving average, and the...

Technician

AOL may have placed a major long term top, as the price may have completed a retest to the broken neckline for the completed head and shoulders top pattern, in addition to the main rising trend line for the overall bull trend and the 52-week SMA. Shorting upside pullbacks a bit higher is my favored action to 39.00-40.00 levels , and looking for further downside...

Technician

AUDCHF reversed trend in April, following the bullish breakout above the long term falling trend line and the completion of the bullish inverted head and shoulders reversal pattern. The price since then has been trading in a clear up trend, where downside corrections were limited so far to the 50-days SMA, and the latest bearish correction seems like done as price...

Technician

NZDUSD may have topped for now, and in the near term, as the price failed at a major resistance level at the all time record high 0.8842. The retest of that high wasn't supported by momentum, as MACD has been strongly divergent. A downside reversal could be at had, unless we break back above that high at 0.8842. which may signal a major bullish breakout. For now,...

Technician

My projected bearish targets for my previous analysis was reached(see previous analysis for the complete picture). However, the price remains in a negative technical position. The price recent rally failed to be sustained, as it retested the 200-week SMA before resuming the bearish bias. Overall, this comes in the context of a major bearish breakout of a head and...

Technician

In my previous analysis I examined the weekly chart to analyze the overall technical positioning for the pair, see link below. By looking at the daily chart, the price has bounced higher approaching the 50-days SMA and the resistance of the short term descending channel, where price might complete a bearish shooting star candle today if it closes near the current...

Technician

Update: Stopped out. Profit(pips)= -180. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- AUDJPY is breaking-out heavily from the short term sideways range among 95.20 key support level, and 96.50 key...

Technician

AUDJPY is stuck in a short term sideways range among 95.20 key support level, and 96.50 key resistance, a breakout of this area will probably provide a new opportunity to initiate a trading position. Notice bollinger bans squeeze, hitting low volatility and a breakout seems imminent. Most Likely scenario: Bearish Scenario: - Main near term support at 95.20...

Technician

The EURUSD remains stuck in a short-term sideways range, among 1.3730-1.3500 key levels, the latest rally failed at that resistance area, where price was rejected at the confluence of 200 and 50 days Key simple moving averages. A retest to the floor of the sideways range seems likely. Note that taking 1.3730 may signal further recovery and negate this scenario....

Technician

It looks like Silver is basing, and could be in a bottoming process. The price of silver failed to record new lows since July of 2013 major low, and despite the recent strong rebound in the U.S. jobs numbers, silver failed to sell-off, that could be telling something new, and price might be discounting new positive developments for the metal. Technically, the...

Technician

AUDCAD may provide shorting opportunities, as the short term technicals point to further downside. -The price is trading in a clear short term bearish channel, within the context of the longer term bull channel. -The price has broken 1.0000 horizontal support and psychological barrier. -MACD completed a bearish crossover, while Histogram is bearishly...

Technician

I am looking for at least a short term bullish bounce of this support area. As usual, i will look for confirmation candles over the daily and four-hour charts. We might see a retest to 1.0810 broken support. Note: This is not a forecast, its just a potential trade that may or may not materialize. Keep posted for updates. Best of luck, join me at twitter.com

Technician

Update: Target Hit Profit(pips)= +190 Update: Trade is active. Based on the short term bullish trend, i am looking to long gold slightly lower, as price maintains the short term key support at 1305.00, where the latest dip was re-bought quickly, resulting in a pin bar candle. This is a simple long setup, with a not bad risk reward. Bets of luck , Join me at twitter.com

Technician

EURAUD is showing strong signs of bottoming, as price has broken the first tier falling trend line shown on chart, however the bullish breakout and reversal has not been confirmed yet in my view, I would like to see a break with a daily closing above 1.4565 key static resistance to initiate a long position, targeting the main falling trend line for the overall...

Technician

Shiller PE Ratio is the price earnings ratio based on average inflation-adjusted earnings from the previous 10 years. Shiller PE Ratio is above 26.00, which is near 2008 sub-prime bubble levels of around 27. Its worth mentioning that the historical Median of the ratio is: 15.93 Min: 4.78 (Dec 1920) Max: 44.20 (Dec 1999) Dotcom bubble www.multpl.com That...

Technician

Takeaway: Bullish confirmation above 1330 resistance, will probably clear the way at least to 1385 then 1430 major resistance of the overall sideways range. Note that this is not an expectation, I dont expect, I act on technical developments therefore, if i witness a bearish signal at this key resistance area, i would be happy to short it. A break above 1330...