FXCM's CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in...
Gamestop will release its Q1 results after market close today. A few observations:
- The stocks Bollinger's increased markedly into June as activity and volatility increased.
- The 5 Day ATR (blue indicator) shows the impact of this increase, jumping from 14.06 on 24 May to the current reading of 38.97.
- Yesterday's candle shows that bulls took price up to 344.66...
Prices are in a general downtrend. A bounce might be expected from horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement . If prices continue to retrace, prices might face resistance from horizontal swing high...
Price is approaching buy entry, in line with 38.2%, 50% Fibonacci retracement , 100% Fibonacci extension and horizontal pullback support. We could see a bounce here and further rise up to take profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. RSI is also holding above ascending trendline support.
Any opinions, news,...
Price is holding above both ascending trendline and moving average support, showing possible bullish pressure in line with our analysis. We could see a further rise towards take profit level, in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
USDCNH broke below ascending trendline support (now resistance). Price has also tested and pulledback below this trendline resistance. A further drop below our entry and Key 61.8% Fibonacci retracement level at 6.40076, with a possible downside target at 6.37686 could be possible. Our take profit at 6.37686 is also in line with a Fibonacci confluence zone where we...
AUDJPY approaching ascending trendline support and key Fibonacci retracement level at 84.531. We see a possible bounce above this level towards graphical swing high and -61.8% Fibonacci retracement at 85.171. RSI is also approaching support where price bounced in the past.
Any opinions, news, research, analyses, prices, other information, or links to third-party...
The Breakout Opportunities system has just bought GBPJPY at 155.067. The system recommends entering this trade at any price between 154.939 and 155.293. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.493, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the...
FXCM's CASINO basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a...
NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs on right are in a bullish formation; now looking to see if stochastic crosses, potentially aligning short-term traders with the daily. If a signal occurs, movement of stochastic to 80 level and maintenance of that level increases the chance of a successful trade. Trend following...
USOIL is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. We are looking to see if the EMAs develop angle and separation. If so, a movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may...
SPX500 is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low...
EURUSD is facing continuous bearish pressure. A further drop is expected if prices break through the 161.8% Fibonacci extension and the 50% Fibonacci retracement . If prices continue to push down, a possible take-profit target would be at horizontal swing low support in line with 61.8% Fibonacci extension and 127.2% Fibonacci retracement . However, failure to push...
EURGBP is approaching descending trendline resistance in line with horizontal pullback resistance, 78.6% Fibonacci retracement , and 100% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 127.2% Fibonacci retracement . If prices push up further, prices might face resistance from horizontal swing high resistance, 78.6%...
The Breakout Opportunities system has just bought AUDJPY at 84.798. The system recommends entering this trade at any price between 84.678 and 84.952. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.229, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour...
The Tidal Shift Strategy has just sold USDJPY at 109.493. The system recommends entering this trade at any price between 109.385 and 109.601. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.386, which suggests that the USDJPY could be trending downwards.The 14-period Average...
GBPAUD is approaching buy entry level, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension , ascending trendline support and horizontal overlap support. We could see a bounce and further rise towards take profit level, in line with 61.8% Fibonacci retracement and horizontal pullback resistance. Stochastics is also testing the support level where it...
Price is facing bearish pressure from 61.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence area. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . If prices push up, prices might face resistance from horizontal swing high resistance in line with 78.6%...
