Brend Crude Oil has been somewhat sideways and stepping higher in the past months, but its at the point of testing the long term trend. Here we anticipate the long term resistance trendline is broken and the previous broken support trendline is restored. LONG - BCOUSD SL: 63.097 (Suggested by our algorithmic system) TP: 68.21 (Suggested by our algorithmic...
SHORT - NVDA SL: 221.38 (Suggested by our algorithmic system) TP: 203.25 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price reaching resistance zone 2. Predicting price is on a downtrend channel 3. Volume indicators starting to look weak on the 4 hr chart Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney...
LONG - USDSGD SL: 1.35637 (Suggested by our algorithmic system) TP: 1.36564 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price has tested the primary support trendline 2. OBV is showing positive interest in this currency 3. Price has lifted off oversold indicator zones Trade idea from our mobile app: ibb.co (Timestamp is in...
SHORT - GBPUSD SL: 1.32178 (Suggested by our algorithmic system) TP: 1.29658 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price reached strong resistance level 2. Oversold, stochastic has crossed bearish Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly and good...
USDNOK has been in consolidation for months now and will soon either rip up or down. Indicators are pointing down however winds can change if strong fundamental news comes out. SL: 9.27601 TP: 8.95973 Please trade responsibly and good luck!
LONG - CADSGD SL: 1.02185 (Suggested by our algorithmic system) TP: 1.03394 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price is on multiple support levels 2. Stochastic showing bullish crossover on oversold level 3. RSI bullish divergence and close to oversold. ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support...
BERY had a good recent earnings report and price gap up right on the primary support trendline. Simple analysis. LONG - BERY SL: 43.50 (Suggested by me) TP: 54.00 (Suggested by me) NOTE: I anticipate the price will breakthrough the nearest resistance trend-line. Please trade responsibly and good luck!
The FTSE 100 has been on a sideways trend and its difficult to read the chart to see where its headed. So this idea doesn't have a strong case to go LONG. What do you think, post your comments below? LONG - UK100GBP SL: 7056.8 (Suggested by our algorithmic system) TP: 7320.4 (Suggested by our algorithmic system) Reasons behind this idea: 1. On short term...
SHORT - CRM SL: 166.46 (Suggested by our algorithmic system) TP: 156.15 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bearish divergence on OBV, Accumulation/Distribution and MACD 2. Price on strong resistance level CAUTION: Earning report is due in a few days! ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support...
G'Day traders! What do you think about this idea? Do you think the momentum will ease down or break-through resistance before the earnings report? Please comment down below! SHORT - ADBE SL: 314.22 (Suggested by our algorithmic system) TP: 297.69 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bearish divergence on MACD 2. Price on...
We recently posted an idea on the DOW to go short and we have another idea from our app to go short on the Russel. Is this a coincidence or are these valid signs that the US indices are low on buying power? What are your thoughts? Please post your thoughts in the comments below. SHORT - US2000USD SL: 1647.196 (Suggested by our algorithmic system) TP: 1592.164...
What are your thoughts? Are you expecting a correction on the DOW anytime soon or do you think the rally will continue? Please post your thoughts in the comments below. SHORT - US30USD SL: 28347.3 (Suggested by our algorithmic system) TP: 27679.2 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bearish divergence on MACD and RSI...
What are your thoughts? Will this downtrend continue or will it break through the resistance trendline? Please comment below. LONG - EURUSD SL: 1.09532 (Suggested by our algorithmic system) TP: 1.10873 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price on strong support level 2. Accum/Dist indicator showing good sign of...
SHORT - BCOUSD SL: 65.21 (Suggested by our algorithmic system) TP: 60.221 (Suggested by our algorithmic system) Reasons behind this idea: 1. Weak Bearish Divergences on OBV, MACD and RSI Indicators 2. Price close to the resistance trend line and testing the old broken support trendline. ---------- Chart Drawings ---------- Blue Dotted Line: Broken...
LONG - EURPLN SL: 4.24797 (Suggested by our algorithmic system) TP: 4.31189 Reasons behind this idea: 1. Price broke through resistance trendline 2. RSI & MACD indicator is showing bullish divergence Caution: Important economic reports are due on November 15th. ---------- Chart Drawings ---------- Red Dotted Line: Broken Resistance Trendline Blue Solid...
SHORT - GBPUSD SL: 1.30077 (Suggested by our algorithmic system) TP: 128.24 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price on resistance level, tested 3 times 2. Bearish On Balance Volume Divergence 3. Accumulated/Distribution indicator showing signs of distribution. 4. MACD Bearish Crossover Signals ---------- Chart Drawings...
LONG - USDTRY SL: 5.65900 (Suggested by our algorithmic system) TP: 5.82319 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price on a soft support level 2. At the time price is respecting the previous long hammer candle, not falling below the bottom of the wick. 3. Volume indicators suggest bullish accumulation Caution: MACD indicator...
LONG - SPX500USD SL: 3086.9 (Suggested by our algorithmic system) TP: 3158.8 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price on support trendline 2. Volume indicators suggest that S&P is still accumulating 3. Stochastic indicator going into oversold zone Caution: MACD showing signs of weakness. Negative economy news is circulating...