Bounceup
GBP/CHF, Retest Of Trendline And Support Zone?Last week, this pair moved in an ascending parallel channel. We expect the bearish trend to continue towards the bottom of the channel and support zone. Once reached this area, we will look for buy opportunities.
EURJPY Long oportunity - Bounce upFX:EURJPY
EURJPY reaching the end of the pattern.
It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit
- MACD and RSI diverge on the weekly chart
Next week we should see this shorting towards the 116.292 support line and the beginning on the bounce aiming for our first take profit level 118.410
Keep the eyes open for the bounce and enjoy the ride :)
CUMMINSIND GAP DOWN AND BOUNCEInstrument: CUMMINSIND
Time frame: 4 hours
indicators:
Stochastics: bearish
PSAR: bearish
My analysis:
Expecting CUMMINSIND to gap down / sink to 371 - 354 on Monday.
Once it starts retracing back upwards would like to buy above 366 to 371 keeping the so below the low of the day for targets 379 - 386.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
$NFLX bouncing off support trend lineNetflix has bounced 3 times off of the upward trend line. I see it going higher hitting the various levels indicated by the yellow lines.
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
USDSGD LONG POSSIBLY AT A BOUNCE POINT
WE MAY FOUND SOME SUPPORT
SELLING THIS PAIR IS ALSO THE OPTION AS IF OUR ENTRY TO GO LONG FAILS TO SUPPORT WE WILL HAVE A CHANCE TO SHORT THIS PAIR TO THE NEXT LEVEL OF SUPPORT BEFORE TAKING THIS PAIR TO THE UPSIDE
THIS IS AN EITHER OR SITUATION WE CAN EITHER SELL THIS PAIR IF OUR ENTRY FAILS OR WE CAN EITHER BUY THIS PAIR AFTER OUR MARKET GIVES US CONFIRMATION THAT OUR SUPPORT LEVEL ENTRY ONE IS IDENTIFIED
#BAT is near a major resistance level, good bounce is expected#BAT is looking good and it seems that March will be a profitable month for holders.
The coin almost reach its major support which has been holding the price from falling since 2018 year. Expect to see a nice-bounce in mid-term.
My previous idea on #BAT:
If you like my idea, Follow and Like and Comment.
XLMUSD May Bounce UpwardsXLMUSD hovering a good support line and may retest and if fail, bounce upwards
BTC trapped longs from bottom of the channel with 200$ wick downBTC trapped longs from bottom of the channel with 200$ wick down.
Just as discussed BTC did dip a little bit further (9490$) befor actually bouncing and returning into the upwards channel.
Some early long did burn and provided the fuel for a small bounce returning price into the upwards channel. BTC dominance got rejected and is currently dipping some more. So BTC might range for some time again. This should provide room for growth for altcoins. It might take some time though.
Oil is at key level..I've made this analysis last week, 2 week ago waiting for the good buying confirmation.
It is now at the key level where it may bounce up or bear are still in control to 2nd buy scenerio.
GBPUSD Is BACK?!Price has came back to the same level as previous chart that i have attached.
Last week, price came to this level and bounced up with more than 120 pips.
Followed by another 120 pips drop too.
So there is an possiblitiy that price will bounce up again BUT there is also possiblity that it is an TRAP move to inicite buyers to jump in only to get stopped out.
I will wait for the price to BREAK the support for the confirmation of a trap move.
New 52wk High in the Horizon Photon Controls setting up for nice move up, DEMA 11/22 crossed and rising. DEMA 22 sitting at support of $1.25 and DEMA 11 sitting at $1.35 or high for previous week with trading staying between $1.27 to $1.35. A/D is above its 22EMA sitting flat looking for it to start rising in the coming weeks. Photon Q3 showed cash and cash Equivalents of $34 Mil, used $.9 Mil to repurchase shares( always a good sign to see shares being bought back), posted $8.7 Mil in Revenue increase of 23% compared to Q2 , $1.5 Mil in Net Income with expectations of further increase to Rev in Q4. Looking back at insider buying we can see that they have been adding since Mid 2017 with little to no sale of shares. With the continued advancement/ increasing orders and New markets being opened (Look at Dec 16, 2019 news release) Photon has alot of bullish indicators signaling movement to new highs into the Q4 financials.
Current Target $1.74
Expected entry Point $1.28 - $1.30
Current Support $1.25
Current Resistance $1.40
Possible Low Zone $1.16 - 1.25
Ethereum Double Bottom FormationHi everybody.
Although the price could still drop to 80-100$ zone I consider this time a good purchase opportunity to go LONG.
We have a possible double bottom formation while bouncing on the AB trend (Point C) and also the daily RSI is in oversold zone.
Everything is on the chart.
Best reggards.
Janpr99
Will USD/JPY bounce up at support level?Here is my analysis on the USD/JPY.
I will look for a buy opportunity when it will bounce up at support level but for the moment I will wait some days to open a position on this pair.
What are your thoughts on this? Do you have any advice for me as a young trader (17 years old) ? Contact me ; )
VRSN at Topping Completion LevelVRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
XOM Retests Bottoming LowsXOM retested the lows of the current attempt to bottom, which is slightly above the previous lows of December 2018. The selling down was swift and steep, resulting in a bounce up which was on weaker Volume.
Oil bounce comingNew to YouTube, check me out at Dumb Money Trader... subscribe, and keep your eyes open for new videos. I've got lots of good ideas, and lots of information to share with you all. As a retail investor, I have experienced the ups and downs, and come out on top. My way of giving back is to share the information I have gained throughout my trading career.
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USDJPY - Prepare for BUY! - Oversold - MomentumHi Traders!
As you can see this is a very good buy oppurtunity because we have many confirmation.
1.: For all price action and technical analysts of you:
The market is reaching a strong support and it has to test it.
2.: For all RSI-Indicator Traders:
The RSI tells us that the market is oversold.
3.: For all Momentum traders:
The MACD Histogram shows us a strong moment. When it touches the support it will bounce back.
We're seeing forward to buy this pair at 107.122 with a risk-to-reward of 1 to 2!
Thanks and good luck :)!
