Making a prediction that in the next few weeks we should have support and a rally, just waiting for the big news going to come to market over the next few weeks... The Swiss unpegging of EUR has accelerated the down move which should see support soon. The week ahead is huge for EUR - Grexit fears will end next week after election is announced; Draghi will do...
Awaitng confirmation over the next few days before taking a long position. You might see that the 3 SMA's (4,9,18) are fanning out respectively, indicating the establishment of a new bull trend. However the trendline still needs to be broken. I am after a close with large volume above the bear trendline. Before I take a long position ADX will need to be...
115.769 area is showing signs of support as price has rallied off it twice. There seems to be signs of either a rectangle happening with support at the same level or a bear channel developing (shown by the colours orange and red). The next few days should either show a rejection from the bear channel suggesting that price will continue a bear trend. Otherwise,...
115.769 area is showing signs of support as price has rallied off it twice. There seems to be signs of either a rectangle happening with support at the same level or a bear channel developing (shown by the colours orange and red). The next few days should either show a rejection from the bear channel top suggesting that price will continue a bear trend....
We see in the most recent weeks the 4 Day MA cross over of 9 Day MA - Awaiting for next several closes to confirm bear trend before taking position. For bear reversal confirmation both 4-Day and 9-Day SMA needs to cross down over 18 to confirm reversal; also, ADX in DMI should be accellerating in either direction to confirm strength of bearish breakout.