There is a high probability setup opportunity on EUR GBP. The reason for me considering this a high probability reversal is that we have a strong convergence on RSI as well as on MACD. On the MACD it can be seen more clearly that we have a convergence at a lower low but histogram is above the zero. Potential TP areas are at the first zone of weekly resistance...
Alibaba should dip at the open on Wednesday based on the Bollinger Bands, and MACD. However if you look at bearish volume on the MACD you can see it declining. We are getting set up for upward potential. We are far from the moving average and resistance according to the Kurutoga cloud. Moving average is $271 while resistance is $282. These are accurate but Alibaba...
UBER is extremely overbought. Here is a breakdown of the technical indicators and my plan. With an RSI of 91.04 for the last 14 two hour candles it's a given that UBER is madly overbought. However, Bollinger bands have not crossed in a downward direction giving a sell signal, and the MACD shows some room to grow still. Unless the downward curve happens during...
The price are respecting the resistance of H4 and don't are showing new Highs, also we can identify divergence in the MACD. If the price respect the resistance marked and the signal in MACD crosses we can enter with sell
In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
Hi Guys! This is a Technical Analysis Update on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe. URNM was able to BREAK Above the 2 year Resistance line and close Friday with a Strong body candle close. It was accompanied with a VOLUME SPIKE, which shows follow through and supports price action. This is the 1st step in attempting a Trend Change. 2nd...
The talk of the week in the cryptomarket from a technical perspective is the fact that the current weekly candle (time-frame on the chart is 1W) made direct contact with the Higher Lows trend-line (bottom) of the long-term Channel Up that started after April's high last year (2021). Since that High the MACD has been descending on Lower Highs. Interestingly enough,...
📊 Script: VAIBHAVGBL 📊 Sector: Diamond, Gems and Jewellery 📊 Industry: Diamond Cutting / Jewellery Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it . 📈 Script is giving Double Bottom Breakout we may see some good rally. 📈 Already crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Script may give some profit...
📊 Script: SOLARA 📊 Sector: Pharmaceuticals 📊 Industry: Pharmaceuticals - Indian - Bulk Drugs Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already Crossover in Double Moving Averages and MACD. 📈 Right now RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 440 🟢 Target 🎯🏆 - 474 ⚠️ Stoploss ☠️🚫 - 425 ⚠️...
📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply Key highlights: 💡⚡ 📈 Script is trading near upper band of BB. 📈 Already crossover MACD. 📈 Double Moving Averages are on urge of crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 351 🟢 Target 🎯🏆 - 374 ⚠️ Stoploss ☠️🚫 - 343 ⚠️...
📊 Script: NMDC 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 Already Crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 224 🟢 Target 🎯🏆 - 243 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important:...
📊 Script: MAHLOG 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart. 📈 It is trading at upper band of BB and giving breakout of it. 📈 Already Crossover into MACD. 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ...
using two MACD time frames here to give better signals. Remember to always draw trendlines when dealing with MACD. They can help give better signals when the trendline is broken along with another signal like a zero crossing. MACD signals along with price action breaking resistance levels are signals that carry more weight. Better odds if you wait until...
Bearish Divergence with CCI (Commodity Channel Index) A bearish divergence occurs when the price is making higher highs (indicating bullish sentiment), but the CCI, which measures the variation of a security's price from its statistical mean, is making lower highs. This discrepancy can signal weakening momentum in the upward price movement, suggesting a potential...
MACD and Signal Line Down-Cross The Moving Average Convergence Divergence (MACD) indicator is nearing a down-cross of its signal line. This is traditionally seen as a bearish signal, suggesting that downward momentum is increasing, and traders might anticipate a potential decline in the GBP/CHF pair. The MACD measures the momentum by comparing two moving averages...
Looking at the CHF/JPY pair on the 4-hour chart, there are some interesting signals popping up: Bollinger Bands : The price appears to be bouncing off the lower Bollinger Band. This indicates potential support at that level, suggesting a possible reversal in the short term. Bollinger Bands are volatility bands placed above and below a moving average. The bands...
A few qualifications for this trade are... •Falling Wedge Pattern •“Hidden” Divergence on the MACD. If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable. I'm going to keep an eye on long positions and see if we can begin trading higher.