The GBPJPY has had a strong move up through 2017.
The last portion of the move was very aggressive.
Price is sitting on the Daily trend line looking for a break of this trend line.
There should be a lot of fear in the GBP as we get closer to the actual exit from the EU.
No one knows what the British economy will look like after the exit. All of the data...
Hello Traders,
Price is currently trying to find a home a the lows from May 2017. However, there is no traction in the upward movement of price.
Here are some good trend lines for SELL targets and for possible BUY opportunities in the future.
All the best!
Seth Gregory
GE is approaching 5 year lows.
It is still not time to buy as price is still falling to lower lows.
Many people look to buy quick bounces. However, notice the 2008 low for GE on this chart was just below $6.
This has great potential for being the biggest Dog of the Dow for 2018.
All the best!
Seth Gregory
The AUDUSD has been in a down trend the last several weeks.
The end of last week there was a small rally in the current down trend.
Watching for a trendline break on the 2 hour for the trend to resume.
All the best,
Seth Gregory
The NZDUSD has been in a strong downtrend for the last several weeks.
There is nothing at this point suggesting that the trend is going to reverse.
At the end of last week price reached the low of May 2017 and has bounced a bit.
There is also a death cross on the Daily with the 40 EMA crossing over the 200 EMA.
This is on the watch list for the recent short...
The AUDUSD has been in a strong down trend.
The 2 hour chart shows bullish MACD divergence. Usually this creates a short term rally in the overall larger down trend.
I am waiting for a small rally to get back into the down trend.
All the best!
The 'Dogs of the DOW' is a trading strategy that is commonly known and looked for. The best candidate for the 'Dogs of the DOW' for 2018 is GE. It has continued to fall as the DJIA has continued to climb.
This is not a strategy to just jump into. Watch the trendline for validation that price is looking to change direction.
All the best!
Hello Traders,
I am new here and this is my first post. I am a simple trader that looks for the repetitive nature of the market.
There is Bearish MACD Divergence on both the 4 Hour and Daily charts for Cisco.
This could be a nice setup for year end profit taking with the DOW having had such a huge run up over the last 11 months.
All the best!
