AUDCAD is really bearish, we have a long wick at resistance, and a hidden bearish divergence in the MACD. RSI oversold, and a strong trend hinting towards trend continuation.
We have been witnessing an incredibly fast upwards move in CREG stock that is currently halting. The impressive thing is, it follows support and resistance almost perfectly, and it just hit a resistance point. I am shorting because apart from being at a strong resistance, MACD is showing hidden bearish divergence on multiple timeframes and RSI is heavily...
EURUSD has been following a down trend reaching towards a really strong support, and went up as soon as it reached it. It has now, however reached a strong (but weaker than the support) resistance point. If EURUSD doesn’t surpass the resistance, it is most likely returning to support. This is a short term trade. After reaching support again, it will most probably rise.
EURGBP appears to be at the middle of a possible M formation, meaning it has to go up to later go down even further. But first it will go up. It reached a potential support and is now trading sideways, with a long wick on the left side. MACD is showing hidden bullish divergence, and stochastic RSI is oversold on the 1H, 2H, 3H and 4H timeframes.
EURUSD is showing the first half of a possible M formation. It reached what appears to be support and is trading sideways, with a wick on the left side. MACD indicator is showing Bullish hidden divergence, and RSI is oversold on the 1H, 2H, 3H, and 4H timeframes.
