Welcome back! Here's an analysis of this pair! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
The GBPUSD pair rose sharply today on the better-than-expected labour market numbers for April. Unemployment fell by 0.1 per cent while the number of people claiming benefits decreased by 15.1 thousand. The GBPUSD is trading just below the historic resistance level at 1.42430, which was last broken in April 2018. The sheer prominence of this level alone could at...
just beginning of rally on the floor of the uptrend channel
In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately. On Balance Volume looks amazing, as it has surpassed its 2017 highs! Moving Average Convergence Divergence confirms a strong trend. But the price is king. Bulls need to prove they can close a weekly...
EURHUF reached a new historic high. I trade now the correction, target the last Resistance. RSI confirm the forecast.
Exchange rate made a fake broke of historical level 24182. H4 close under it. It's a signal that big players don't have enough power to move it up. I think there will be pullback to Mirror level 23000. We can open a deal because 1. Potential profit in 5 and 8 times bigger than a risk. 2. There was a fake broke of historical level. 3. H4 candle close under key...
UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing...
Exciting backdrop Fundamentally, Apple remains a safe haven Technically, the stock is positive on every time frame Double breakout It formed a visible, short-term cup-with-handle since Jan 18 (see chart) It broke out of the formation 3 sessions ago on March 8 (last Thu), in mild volume Yesterday, it also broke out and closed above its most recent historical...
LULU broke out in December 2017 after posting solid earnings, and has been building a base since, below 82. The 82 resistance has been tested multiple times before since 2012, but the stock had always failed to close above it. Yesterday, the stock finally broke out AND CLOSED above its $82 resistance. This is a signal to buy the shares. From here, we look for: -...
LULU has been toying with its historical high around 82 since mid 2013... It is now back there and attempted yet another breakout above its historical high as late as last week. It has also been building a base since Dec 2017 towards the very top of its current range. All these elements make a breakout more probable, but not guaranteed. I would watch and interpret...
Yesterday's session produced yet another intraday breakout above the previous historical high. This market remains very strong and refuses to go down, notwithstanding a rich valuation and still supported by abundant central bank liquidity. We have had a noticeable "time consolidation" for the past month, where the index did nothing since December 20. This new...