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50ma

SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position. PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
NYSE:SBSWLong
by ETrades1
EURUSD - Broke important Level - What to do now?Hi Traders! The market is in an uptrend. As you can see the Resistance 1.10000 was a psychological important level for many traders. From there the market often turned back. But just a few candles ago the market broke out of this level. Of course there was a big fight between Bulls and Bears, but the Bulls finally won. At this moment the market is moving in a Parallel Channel and it is at the Top. The Stochastic is also overbought. Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level. But there are many values wich give also Support to the market. They are: The Channel the 20MA the 50MA the strong bullish Price Action and the trend. We recommend to wait for another Pullback for a better entry. Thanks and successful Trading :)!
Long
by swissmoneymakers
2
USDJPY - Bullish Flag - Trend-Continuation IdeaHi Traders! The market is in a Midterm-Uptrend. As you can see we here have some factors giving Support to the price. But before mentioning them, let's see where the market is at the moment: The lowest price the market reached over the last month was the Level 106.000. Then it started to rally. It made a straight Upmovement towards the Resistance at 107.800. After that it retraced. Using the Fibonacci Retracement we found out, that price reached the 50.0% Retracement Level. Then, another upmovement occured. This time it even made a higher high! The Turning-Point was the important 108.000 Level. Now it is still in a Correction Stage. The shape of this Correction is the most intresting part: A Parallel Channel = a Bullish Flag. After connecting all the lows with each other, you can see an ascending Trendline. It is now touching the Price. In addtion the 50MA is giving Support too. Because of these confirmation, we recommend to trade the bullish Breakout of the Parallel Channel. Thanks and successful Trading :)!
Long
by swissmoneymakers