Community Blog

Filtrar por etiquetas:  Trendline Break
Avatar

USD/JPY, Short after breaking trendline ?

Dear you guys,
Happy new week !
Price is tendency to finish the uptrend at daily frametime. We can short after breaking this trendline coming days.
Look into lower frametime for triggered.
Trade with care.
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

USDCHF MAY SEE 0.9275 SOON

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average Indicator.
USDCHF Weekly Chart
  • The MACD on the weekly chart is in the negative zone.
  • The RSI is turning down.
  • The pair has closed the week below EMA 10 AND 20..
Keeping these facts in mind the pair is on the verge of completing the pullback. The long-term downtrend may resume now
USDCHF Daily Chart
[list][/list]…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

GOLD MAY BE SOLD | 07032017

Hello my dear fellow community members,
The XAUUSD has broken below from a rising trendline. The price has already fallen by more than 30 USD. A pullback is anticipated to sell it again. Here is the chart showing the setup.
GOLD DAILY CHART


From the chart above we can see that
  • MACD is positive and falling and histogram suggests further weakness.
  • RSI is trending downward.
  • Stochastics is against our sell entry. So I shall be cautious.

I am looking for pullback to enter SHORT.
Any comments or su…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

EURJPY will struggle to go higher

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURJPY Weekly Chart
  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the buyers taking control of the market.
  • The RSI is turning down.
  • The Stochastics is headed South.
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

9 DEC 16 | GBPAUD | SELL SETUP EXECUTED

Hello fellow traders,
GBPAUD sell setup discussed on 7 DEC 16 has been executed and now we are waiting for a retest of the trend line. We expect the price to give us a bearish indication near trend line and horizontal support line confluence.
GBPAUD 4H CHART
GBPAUD 4H CHART- ZOOMED IN
I have already placed a sell stop order at bid below 1.6808 with initial target at 1.65730 and next target at 1.61100 levels respectively.
Any suggestion about the setup is welcome.
Happy trading to all.
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

AUDUSD AND NZDUSD 18 NOV 16

Hello fellow traders, as discussed in 16 Nov 16 blog post about AUDUSD, the pair broke the rising trend line and confirmed a break in daily time frame. At the time of writing the post the pair has already shredded more than 150 pips and is trading at .73387. Expect a pullback here to minimum at .74250 level and enter the trend.
Another beautiful set up has emerged in NZDUSD as the pair has broken the neckline of a head and shoulder pattern. Also it has broken the rising trendline on weekly as we…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

AUDUSD 16 Nov 16

Hello fellow traders, I am back after vacation.
Here I am with a perfect setup forming on daily chart and weekly chart of AUDUSD as well. My charts are self explanatory. In this chart as you can see that AUDUSD has broken weekly trend and now the fall may be deep.
Here I am looking for a target on the downside till .6827 but we can have some problems near .7151 levels.
On daily chart the price has already closed below trendline support.
If we sell here at the time of posting this the price is .7…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

NZDUSD

The NZDUSD has dropped from its recent highs following Wednesday’s dovish hints from the FOMC. We can clearly see that bids are decreasing now.So now what?The .7200 level is the one to watch as we head into a next week. If it fails to hold then we can see 0.6967.Event risk for the US dollar next week is speeche from FOMC members on Wednesday followed by GDP of third-quarter on Thursday at 8:30 am EST.
Safe Trading
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

The Back of USD/SGD Rally Likely Broken

The U.S. Dollar gained over 7 percent against its Singapore counterpart since May of this year. The rally has taken a surprisingly clear upward trend. But as can be seen on the chart below, this trend has been broken by a trendline break in the middle of September.
While we have since climbed back above the line, the pair failed to make headway. The second top at 1.4333 is close the first at 1.4296. While this isn't a double top formation, the strong sell-off at the new highs indicates that the …
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

EURAUD Rising!!

On the monthly chart, the EURAUD has broken the downward trendline, it is currently in bullish territory. Any drop or dip or retracement should see the pair rising higher.
The daily chart is already showing a very bearish situation, this is due to the general Euro weakness, after ECB's last statement. I am expecting the euro to recover and the possible resistance areas have been marked on the chart below.
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Más