VukmanManic

VukmanManic

Prior to this continuation pattern we had Head and Shoulders pattern that reversed long uptrend. Currently, we had nice downturn, followed with this continuation pattern. Here, we have very good RRR 1:4. Thus, very plausable trade. Have a nice trading week, Vukman

VukmanManic

Have a nice 2016 trading! Happy New Year

VukmanManic

From long-term analysis (Weekly Chart), Currently price of the oil is at lowest again since 2009 Feb Fin Crisis. Thus, on Fundamental perspective this is a bottom, Society is not ready and World Economies would not allow such a low price for an energy commodity (crucial one).In addition, I believe price of oil will rock till some point for sure. Fundamentally, it...

VukmanManic

On Daily chart, current level is touching SMA 90 probably downturn on the NZD. Supported by overbought position (RSI) also, suggest price going down. Now we are in a strong resistence level, supported by RSI Devergence. On this level market is overexhausted and probably sell off due to a period best (Highest price since October) price to sell. A confirmation by...

VukmanManic

This analysis is purely based on Eastern Candlestick pattern. On the other hand, RSI (Western pattern) is just there as a confirmation but not crucial. Furthermore, considering NASDAQ index, in a month analysis shows there should be a consolidation in prices.l Thus, FB price should be also. But in general both index and share should price go up Have a nice...

VukmanManic

SPX500 is definitely in a uptrend, and even though there is a price resistance @ 1897, this kind of price action are usual for SPX500. (Thus I believe we are going to break that level) We can see a rejection on previously mentioned level, but also RSI Negative Divergence confirming price reversal on that level. Have a nice trading week, V.

VukmanManic

On weekly chart analysis, AUDUSD is trending down (I had analysis on date 4/24/14). On the other hand, Friday was extraordinary, showing positive NFP but USD weaken after results. Moreover, because of Friday's Pin Bar Reversal I do strongly believe that we will see for a couple of days AUD prices going up. MA 200&100 showing creation of possible uptrend on daily...

VukmanManic

STRONG BEARISH DIVERGENCE both on Daily and Weekly charts, indicating long term price moving South! On the other hand, I do believe we are in an uptrend. This week(s) probably price correction (dip's). Importantly, we need price confirmation that bearish momentum took place. On daily trend break on down side will confirm price going down. Have a nice trading week! V.

VukmanManic

Seeable Patterns and Price Action: Bearish Engulfing Pattern Overbought Price Level RSI Negative Divergence A break bellow 108.86-108.50, probable targets at Fib retracements @ Target 1: 108.05 (38% Fib) @ Target 2: 107.25/00 (50% Fib) ...

VukmanManic

At the beginning of a nice up trend channel, with a support of MA and SMA showing strong uptrend! Moreover, we have Divergence on RSI (Green trend line and green Arrow line) showing bullish swing occurring. Secondly, RSI level is near of breaking 30 level to upside, also confirming uptrend! Finally, we have retested and confirmed support level @ 0.85871. SL:TP...

VukmanManic

This is long term technical analysis, it is for expected forecast in a 91 days, Firstly, there is a change in a trend, currently we are in a DOWN TREND, also retested RES 1 @ 0.96883 and RES 2 @ 0.94600 (PSY Price Level). Secondly, we have on those price levels BERSIH Engulfing Pattern confirming reversals. Thirdly, on RSI, also supported with SMA 90, we have...

VukmanManic

www.tradingview.com (Daily Analysis) -> same technical= going south From RSI Analysis and Momentum Price Action, there is solid divergence showing Bears wining momentum. Moreover, on Daily Analysis, @ closing price 0.8702, where was highest high for several sessions, that level was lowest high on RSI, with below level of 70. This indicates bulls are losing...

VukmanManic

Based on price action analysis, PIN BAR REVERSAL has formed on 4H chart, showing the strong level support @ price 1.6670, also that price level was strong resistance on beginning of the April. This level was tested and retrieved on that support level forming pin bar reversal. Testing again would be a confirmation of the level, and market reacting North. Placing...