Bullish divergence between price and On-Balance Volume (OBV) indicates a strong potential for upward movement. Targeting 1.085 in the next 2-4 FX:EURUSD weeks. Preparing for a long entry.
A long entry signal has been triggered on the USD/CHF chart following the price crossing above the 972-period SMA. This signal is based on the end of a bearish period, confirmed by the price movement turning positive after the close of a 24-bar period. The entry is made once the price crosses above the SMA, which often indicates the start of an upward trend. The...
Description: This idea analyzes a buy signal on the USD/ZAR 1-hour chart, highlighted by the yellow bar. The signal is expected to activate at the market opening on September 9, based on the following conditions: Signal Conditions: Moving Averages : The chart uses two moving averages: a 50-period SMA (red line) and a 26-period EMA (blue line). The buy...
Description In this idea, I want to highlight a potential long trading opportunity on the IBKR:USDNOK 1-hour chart, identified through a combination of technical indicators and thorough market analysis. 1-Hour Chart Analysis: A signal was generated as the 50-period Simple Moving Average (SMA) crossed under the 26-period Exponential Moving Average (EMA),...
A buy signal has been generated for based on the following technical conditions: SMA50/EMA26 Crossover: The 50-period Simple Moving Average (SMA50) has crossed above the 26-period Exponential Moving Average (EMA26), which is a strong bullish signal indicating a potential upward trend. Bullish Power Confirmation: Bull Bear Power indicator has confirmed the...