LONG - CADSGD SL: 1.02069 (Suggested by our algorithmic system) TP: 1.03173 (Suggested by our algorithmic system) Reasons behind this idea: 1. Stochastic and RSI indicators suggests this currency pair is oversold 2. RSI and On Balance Volume indicators is showing bullish divergence Caution: MACD is still showing bearish momentum ---------- Chart Drawings...
SHORT - EURAUD SL: 1.63833 (Suggested by our algorithmic system) TP: 1.61063 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bullish Divergence 2. Price hit a resistance trendline Caution: Price is on a major up trend. ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance...
SHORT - AZO SL: 1193.13 (Suggested by our algorithmic system) TP: 1123.62 (Suggested by our algorithmic system) Reasons behind this idea: 1. Tested resistance level 3 times and failed to break through 2. Volume indicators suggest that AZO is in a distribution phase or in the supply zone 3. RSI, MACD, Stochastic indicators showing some bearish...
SHORT - JPM SL: 132.04 (Suggested by our algorithmic system) TP: 125.11 (Suggested by our algorithmic system) Reasons behind this idea: 1. Indicators suggest this stock is oversold 2. MACD indicator starting to show weakness with momentum Note: Trendlines are drawn from multiple timeframes ---------- Chart Drawings ---------- Red Dotted Line: Broken...
SHORT - MAR SL: 136.16 (Suggested by our algorithmic system) TP: 128.24 (Suggested by our algorithmic system) Reasons behind this idea: 1. On weak resistance trendline. 2. Accumulated/Distribution indicator showing signs of weak accumulation to push price higher. Caution: Technical Analysis is on the 1 hour chart, not as reliable as 4hr or daily...
SHORT - JP225USD SL: 23618.8 (Suggested by our algorithmic system) TP: 22788.7 (Suggested by our algorithmic system) Reasons behind this idea: 1. Weak support trendline is broken 2. MACD and RSI indicators showing some signs of weakness Caution: Technical Analysis is on the 1 hour chart, not as reliable as 4hr or daily chart. ---------- Chart Drawings...
SHORT - US30USD SL: 27754.3 (Suggested by our algorithmic system) TP: 26771.6 Reasons behind this idea: 1. Support trendline is subjectively broken. 2. RSI and CCI indicators show bearish divergence. 3. MACD is indicating weakness in momentum. CAUTION: Technical analysis is on the 1 Hour Timeframe which is not that reliable. ---------- Chart Drawings...
SHORT - XPDUSD SL: 1811.95 (Suggested by our algorithmic system) SL: 1832.00 (Safer option, personal suggestion) TP: 1697.89 Reasons behind this idea: 1. Support trendline is subjectively broken. 2. MACD and Stochastic indicators have crossed down, bearish. 3. Minor RSI bearish divergence. ---------- Chart Drawings ---------- Blue Dotted Line: Broken...
LONG - CSCO SL: 46.60 (Suggested by our algorithmic systems) SL: 45.24 (Safer option, personal suggestion) TP: 49.60 Reasons behind this idea: 1. Resistance trendline is subjectly broken. 2. Clear bullish divergence on MACD indicator. 3. Bullish divergence on Stochastic indicator. Caution: Earnings Report is due in a few days. ---------- Chart Drawings...
Reasons behind this idea: 1. Detected bullish squeeze on the 1Hr Timeframe by our algorithmic systems. 2. Stochastic indicators are headed in the oversold zone. 3. Bullish hammer candle pattern on a support trendline. Caution: MACD indicators have crossed bearishly. ---------- Chart Drawings ---------- Red Line: Resistance Trendline Blue Line: Support...