Technician

Technician

I am closing position at breakeven, following a very robust retail sales and Trade numbers. Kick-starting March with AUDCAD short trade, multiple pin bars at descending resistance for the bearish correctional wave. Trade Number 94 Accumulated profits= + 2430 twitter.com www.thefxchannel.com

Technician

I believe crude oil has been overextended, were the ongoing turmoil between Russia and Ukraine helped the commodity rally further yesterday. Meantime, as Putin backs-off, i believe crude oil could see a meaningful correction, especially that copper remains under pressure. We will probably see a retest of 100.50 support level. If things escalate again on the...

Technician

Landing at a major level, 50-percent retracement for a long term bearish trend,10+ years falling trend line. I think USDCAD might be heading for a downside correction at least for a retest of the recent minor swing low at 1.0910 twitter.com thefxchannel.com

Technician

After completing a retest of the mid-channel support, mentioned in my earlier analysis (), the pair rebounded of the mid-channel support and could be forming an inverted head and shoulders pattern, however a break above the neckline of the pattern near 115.90 is required now to signal a potential move higher within the context of the long term bullish channel,...

Technician

-After breaking below 90.00 support area and heading sharply lower, shares managed to rebound strongly back above that broken level -The price has recently retested that level, before bouncing confirming the level as a new support. -Rising volume on the rebound -price is trading within a sideways range since august I am looking for a move towards 94.40 and 96.00...

Technician

Prior update: Gold extended upside hitting the 61.8% retracement and resistance level. The price failed to take the level last two weeks, forming pin bars, therefore I would be a bit cautious at this area anticipating a pullback for a retest of the 1300.00 areas. However, overall strong bullish breakout mode is dominant, and accordingly we will probably see...

Technician

Shares have been pushing lower within the recent months, however the pullback remains a technical retest to the broken main resistance around 45.50-46.00 areas. -The latest retest last week was also re-bought, with huge volume levels. -The price forms another pin bar at the to-year moving average. The odds in favor of a rebound in Verizon, probably for a...

Technician

Major Pin bar at long term ascending support, this is a long candidate. Lets wait for a confirmation and more precise entry point, could be next week twitter.com thefxchannel.com

Technician

Update: Target one done without entry, cancelled short. Simple short-term short on strong rejection at horizontal resistance. twitter.com www.thefxchannel.com Your input is valuable, please visit this page and vote in the provided poll. Appreciated.

Technician

EURGBP Could be in the process of bottoming, as price completed a long term bullish three-drives pattern, while trading within a major bullish falling wedge pattern. MACD is showing a prolonged bullish divergence as well. I am betting on a move higher over the coming weeks to few months. twitter.com thefxchannel.com

Technician

Update: Stopped out as markets open the week on a major bearish gap following unrest between Russia and Ukraine. Profit(pips)=-70 x2=-140 Accumulated Profit(pips)= + 2429 Has been a tough month February, the first losing month in five. Net= -424 pips January= +530 December= +570 November=...

Technician

The price is testing a major support around 78.30, which is also a neckline for a double top formation, a break below this support will probably signal more medium term downside. I projected the potential path for the stock if it manages to break that support. twitter.com thefxchannel.com Your input is valuable, please visit this page and vote in the provided...

Technician

The Multiple weekly pin bars mark 46.50 area as a major long term support and a key directional level, i mean by directional here a main influence to price action. Holding above that support keeps the overall bullish trend intact. Although we have seen signs of topping in the past few months, as the bullish trend hasn't been as strong as earlier stages. Price...

Technician

NZDUSD failed to reach the ideal target of the head and shoulders pattern, rallying back above the neckline of the pattern, which forms a new neckline for a double bottom formation. The recent dip towards the neckline was re-bought, as price formed a pin bar indicating renewed demand. A break above the recent minor swing high at 0.8340 resistance areas should...

Technician

Technical Analysis As markets rally Whole foods fails to impress, the stock looks heavy. Technically, 1)Bearish 50 and 200 days SMA crossover(so called death cross) 2)A potential(not yet completed) Major head and shoulders top pattern 3)The price settles below the 200-days and 50-day SMA. A retest of the averages and the short term descending Resistance may...

Technician

Update: first target hit, moved stop loss to entry point Simple trade on hammer and support level, also personal bias :) Trade Number 92 -- 8** to 100 Trades Accumulated Profit(pips)= +2545 Currently still active trades= 3 I will be publishing detailed stats for my first 100 trades on tradingview twitter.com thefxchannel.com

Technician

Update: Moved stop to entry Update: Closed my two positions at 0.9960. Profit(pips)= 45x2=90 Price failed at 1.0050 resistance level today, was rejected to form a bearish shooting star. in addition to a potential bearish rising wedge in play. Another possible short here unless price decisively break above 1.0050 resistance 9 Trades to 100 Trades I will be...

Technician

Price failed at 1.0050 resistance level today, was rejected to form a bearish shooting star. in addition to a potential bearish rising wedge in play. Another possible short here unless price decisively break above 1.0050 resistance twitter.com thefxchannel.com