Technician

Technician

Update: First target hit, moved stop loss to entry. Update: Second half was closed at entry Profit(pips)= + 48 pips I am short from 0.9362, as price may have completed a retest to the broken support area, hinted by the multiple rejection from that level. The bigger picture over the daily chart shows a bearish breakout below the 50-days SMA. Lets see how this...

Technician

Major divergence between Oil and Copper, which one will readjust? I believe geopolitical tension continues to support oil price,the price of oil will probably fall in the upcoming weeks, unless a real disruption in oil supply materializes. So be careful and good luck. Good luck, join me @ twitter.com

Technician

A long position could be at hand soon, as price completed a major bullish breakout above the rounding bottom formation by breaking the key resistance which turns to a support now among 1.0950-1.0900 area. The price is retreating back lower after testing the 50 percent retracement for the overall bearish wave, and heading towards that support, therefore, a long...

Technician

This is an update for a previous analysis, please Check previous analysis in the link below, Reviewing my latest analysis which was published in April 11. When i published the previous post the price was bouncing of the 1.618 retracement level and second downside target for the bearish breakout of the head and shoulders top, as price formed a long legged doji at...

Technician

Update: The break above 0.9350 invalidated the short. I am republishing the trade idea i published earlier in March 21, the trade setup was a success as price started my anticipated Run phase, which i described the Bump and Run pattern in details in my previous post, check the link below for the pattern. So what now? NZDCAD just like NZDUSD has drawn a bearish...

Technician

Update: This one failed, major rally following the RBNZ decision. Bearish shooting star candle following a retest to the broken support of the broken broadening formation, a potential short setup is presenting it self here, i look to short the price near 0.8510 with a first target at 0.8415 and a dynamic second target at the rising trend line for the overall...

Technician

This is a late update as well, its not an actionable trade setup, but intended to be more of price action insight, and educational post on how to interpret price action over the long term to extract short term trade setups. Details are outlined on chart. June 6 quick Update: In my latest update for in April 13 I mentioned that the retest of 101.00 major...

Technician

Starting again with a WTI Crude Oil trade, it looks interesting for me, i am aiming for a long position as i see potential for resuming the bullish trend following this bearish correction. The bearish correctional is probably taking the shape of the falling broadening wedge which usually unfolds in a bullish way, meantime, the price was rejected strongly of the...

Technician

Miss you ppl and miss the charts. I missed this update on the breakout below 1268.00 level as i was away for the past week or so. So this is a late update, and that makes this not an optimum trade as the perfect short entry was on the break below 1268. I will try just to define the trading conditions and technical position for gold in this post. So what was...

Technician

Market Breadth: 52-week new highs: Stocks that are breaking to new yearly highs, which is another key breadth indicator followed by market technicians, when the number starts to diverge failing to make new highs, while the price index continues to grind higher, this usually indicates the lack of internal strength and concerning. Stocks above long term...

Technician

Bullish breakout above multiple key resistance levels, and that comes in the context of retesting a major long term support level at around 45, check the related link for the overall view. Near Term target at 51.20 resistance, followed by the latest major swing high at 54.25. A longer term target mentioned in my earlier analysis at 60.00 areas. Only a break...

Technician

Technical Analysis: The stock remains in a long term bullish breakout mode, after breaking 17.40 key resistance level(check the link below for the long term breakout). -The price completed a bullish breakout above the 50-days SMA -The price completed a triple bottom by breaking 19.50 neckline of the pattern -High Volume levels on breakout -The price could be...

Technician

Weekly Chart: Price is continues to push lower, retested a long term rising trend line and major horizontal support last week but failed to break it. Forming a weekly hammer candle, are we heading for a serious recovery for the USD. lets check the daily chart now for more clues. Daily Chart: The bounce of the weekly support shown on the other chart was halted at...

Technician

A potential for a head and shoulders top over the weekly chart here, a major one that suggest at least a retest of the main rising trend line as an initial target, a break below 1180 will confirm the bearish setup for me. The price is also pushing to the 52-week long term average for the first time since 2012, which follows an earlier breakout below the first...

Technician

-EURUSD Hit Key support today -Failed to sustain the downside, as price was rejected forming a bullish hammer, -Rejection from area near the 200-days SMA -Another Rising trend line resides near that area $$ Bullish correction for the recent major selloff likely in my view, i am looking for a retest of 1.3770-0.3780 broken support-turned-resistance before new...

Technician

Price has been moving in a sideways bias within the past few weeks, as I hinted earlier that multiple breakouts above moving averages usually hints sideways bias. However, every dip was re-bought strongly, we have seen multiple rejections at the floor of this sideways range at 1280.00-1270.00 area. A bullish divergence on Momentum continues to be obvious as well....

Technician

A combination of pattern breakout and trend line breakout. The price could be forming a bottom following the breakout above the neckline of the Inverse head and shoulders pattern and the long term falling trend line. The price is approaching 0.8212 swing high and potential horizontal resistance, where we might see a pullback from there for a retest of the broken...

Technician

The BoE indicated that a rate hike could come towards the end of the first quarter of 2015, or the beginning of the following quarter, dampening expectations of an early rate hike, and stressing that although the economy is improving a rate hike is still not justified, it would be, only if slack in the economy started to diminish and inflation starts to pick up....