A signal in the macd for a short position. Bears have taken power and now theirs potential for a downtrend on the daily. We will see as the week progresses for any bearish evidence and follow it using the hourly.
Trade is consistently conforming to the trend, pushing down through Ichimoku Cloud, MACD showing uptrend on bounce between channels.
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT...
I would anticipate a retest of the 1.5800 level next week and go Long with initial Stop Loss at 1.5700. The 50 MA has crossed the 100 MA (Golden Cross formation). From the MACD is clear that we have strong bullish momentum (the signal line is leading the histogram). First Target is 1.6080 which is also the Missed Yearly Pivot Point. Now the pair is in trending...
EUR/JPY finding resistance at 139.50's, price action on 1H + 4H looking indecisive/bearish. Long term trend line break adds further confirmation of short bias, short term down trend has formed on 1H time frame. Three tests of structure resistance on 1H time frame also indicates lack of upward momentum, short term bullishness is only abouve 139.50's. Looking...
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
The downward channel broke severely to the downside this week after KORS plummeted an additional 25% post-earnings. I think the multi-year lows of ~35/36 will be tested if not breached. Even if the stock is slightly oversold in the very near term, the trend on the technicals is pretty clear. Fundos- After a dismal earnings release and a 25% drop in the price...
Idea is based on median line analysis, fibonacci ratio's and the use of the following indicators: Bollinger bands, Stochastics and MACD. The rationale behind this set up is shown on the chart with specific targets and stop losses. Good Luck guys.
This idea is based on a combination of Median Line Analysis and momentum indicators. The rationale behind this setup is shown on the chart along with specific target and stop loss. Good luck guys.
Seeing the way the MACD and MFI is acting, I would say there is significant risk to the downside. However if you are already long from the recent low, then I would probably look for a continuation of the more obvious trend Could we see a retest of the recent large red candles midpoint? Possibly. And then either re-enter the bearish channel or chug through the...
Long term I am neutral on this pair, however the recent EUR pull back brings about great opportunity to buy on the dip as it seems to be respecting the technical levels. The trade setup is explained on the chart, looking for a short term trade on this - however I feel there is further upside potentially. Many thanks
UPDATE FROM YESTERDAYS TRADE: After the sell off this morning EUR/JPY is re testing its 4h trend line which came into play yesterday, fresh lows of 133.90 but failure to close at these levels show potential further downside to my target of 133.50. RSI is still holding its downwards trend, plus Ichimoku shows that we've had a cloud crossover as well as a TK...
After gapping up on good news NFLX put in a shooting star on increased volume. The MACD cross over and inability to put in a new high despite consolidating inside the Bollinger Bands could be a sign that all the buyers are in and there is a possible pullback coming. A break of the upper resistance line would be a no trade for me due to the previous...
Dear workmates ! Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen. DXY 1D Timeframe View : We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
Some signals beginning to form
Market below the 55 day. Trend-line break with a solid price movement downwards. Back test of 1192 possible. Possible to short on either price reversal on back test or follow through selling below the 4/22 low. Stop on initial short entry could be placed above 1203. Daily MACD cross supports position as well as RSI movement. Geo-political risk could cause...
I graphed the trend-line of the histogram for the MACD/Signal Line. There's a characteristic double peak (triple if you count lull in change of price movement after the big peak) that shows a trend reversal. This says to me a downward trend for the next few weeks at least. On the up side, the daily is still above a green (though thin) ichimoku cloud. This...
The S&P 500 made a possible continuation signal from Wednesday's trading session. While it did close back above 2095, I am concerned about the candle it formed. This gives an edge to the sell side to continue its move lower. It may attempt to move to 2100 but that has a chance to be short lived.