Wissam.H

Wissam.H

Opportunity presents itself for those who haven't gotten into gold, to enter. Gold is currently consolidating around the 1272 price range with an RSI hovering around the 50%-60% mark. Personally I am more inclined to think that gold will continue to rally, however this trade idea is to prepare you to take advantage of a move to either side. The idea is as...

Wissam.H

The pair seems to be gaining bullish momentum as RSI is showing some bullish divergence. Additionally, price action has broken above the bullish funnel and is currently around the 1.139 area. Note however that the pair has struggled breaking past this price area during 2015. Please trade with caution. Advised entry would be around the 1.141 price range, above...

Wissam.H

An opportune time to short the Kiwi with the recent retracement that took place the last day. Heavy resistance around the 0.679 price range with a Fibo confluence to support this observation. RSI shows that general momentum is still on the bearish side. look to enter below the previous 4H low. Note however that there is a possible support line @ 0.676 which may...

Wissam.H

Current uptrend has retraced back to the 23.6 fib level, giving us a good buy setup. Look for the price to continue moving up to the 1.25 fib extension of the current trend. Note that current price action is hovering around 108.7 levels which as indicated above, is a strong support level due to the fib confluence. RSI also confirms the pair is still on a bullish...

Wissam.H

Previous bearish channel seems to still be in effect. However, due to the recent hike, we now may possibly have a sell opportunity. Trade with caution, entry has been set at the previous session's lowest low in order to confirm the trend will reverse at the upper portion of the channel. As a form of confirmation, look for the RSI to dip below the 60% level...

Wissam.H

Bearish sentiment is still strong, as the chart points to multiple signals indicating the trend is likely to continue. Bearish pennant along with a bearish divergence in the RSI point towards the continuation of this trend. It is advised to wait for confirmation before entering (ie. price action below the previous lowest low) Trade smart, Trade Safe, and...

Wissam.H

Bearish trend still looks to continue as the market has not shown any significant signs this will slow dow - RSI shows momentum is still on the bearish side, with a slight bullish divergence. However, the magnitude is still not enough to say the trend is not continuing. - price action has not broken the bearish funnel

Wissam.H

Bullish movement from 03/05/2016 seems to be continuing. RSI indicates that this is a bullish trend and has not yet seemed to fizzle out. This trend is expected to continue until the 1.25 extension of the previous movement.