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Oversold

Is Euro looking at making a comeback???Cordial greetings. It's no secret that the markets have been behaving strangely (for a lack of a better term) lately. We've been seeing some crazy volatility and that can of course be good for some and bad for others, depending on which side of the market you are on. But let's put that aside and focus on the matter at hand... What we currently have here is an ascending wedge on the Weekly timeframe. The mere fact that it's visible on the Weekly timeframe makes us firmly believe that there is a great chance for the market to follow suit i.e., the market may be bullish and aim for the wedge resistance. This is because price has tested the wedge support line and has already started moving bullishly. The wedge is not the only confirmation that helps us predict an upward move. This is because we also have our Stochastic, which indicates Oversold conditions and this hints at a bullish move. In my mt4 platform, I've also included Moving averages (5 EMA & 13 MA), which are both currently in close proximity, which may lead to a crossing. Well, folks, we have 3 confirmations signalling an upward move, BUT if you disagree with my analysis, I would love to hear your input. So please do feel free to leave a comment. It would be highly appreciated.
Long
by WandileM
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump. DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) See also: If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDEducation
by cybernetwork
forexTrdr AUDUSD - CHANNEL VISION Afternoon traders With the ECB press conference now complete the market is now cleaner to enter other trades. In this case we are looking to get long Aussie Dollar versus US dollar after the pair have settled in oversold levels at support price of 0.6970 area. As per our chart work on trading view we have an ascending channel which is allowing us to set up for a great risk reward trade with stop loss just below the rising support and an upside potential towards 0.712 area as per our predicted bar chart work. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Or if you want a free one month signals trial with us please get in touch. Good luck trading from the Team at forexTrdr
Long
by forexTrdr
forexTrdr USDCAD- 170 PIPS PROFIT EXPLOSION ABOUT TO REPEAT?Afternoon traders, After a big number on US Non farm payroll data surprised the market on Friday and threw the market into doubt over whether the US central bank, the fed, will cut rates at the next meeting giving the US dollar a bounce in strength into the weekend against market expectations. We are looking at a long setup in USD versus Canadian dollar with the pair slowing and bouncing off February's low resistance levels as highlighted in our trading view chart. We have also highlighted how oversold the pair are on stochastic and rsi indicators with. We have highlighted on the Stochastics the last time the pair hit this level and resulted in a 172 pip move higher. We are therefore targeting a move to low to mid 1.32 area and at the same time place a stop loss just under the recent lows skewing the risk reward in our favor on a 3.8 basis . We recently had a doji form on daily candles suggesting we have reached a near term low as selling volume matched off against buying volume which generally points to a change in direction nearterm. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Good luck trading from the Team at forexTrdr
Long
by forexTrdr
TRX/BTC - Buying OpportunityObjectively: - Tron is moving inside this big triangle; - RSI Oversold; - We're at an important support since mar18; - Tron is one of the biggest; - If price stays above 0,00000311 then we have a confirmation; - if you want to be more conservative you can manage your entry above 0,00000431 (red line); Targets: 1. 0.00000430 2. 0.00000572 3. 0.00000623 Stop: 0.00000277 *** Manage your stop according to your risk management. This is not financial advice.
Long
by LuanCeli
forexTrdr NZDUSD - TWEEZER BOTTOM BOUNCE FOR KIWIMorning traders Another start to the week. Monday 17th of June lets go. Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade. Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle pattern on the daily chart. What this points to is a reversal of the bearish trend that we had last week. This lines up with RSI being in extreme oversold levels last seen at the end of April and resulted in an 80 pip move higher for the pair. We are therefore looking for the pair to follow a similar pattern back towards resistance around 0.66 as per our trading view chart where we have highlighted all of the areas of interest. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Long
by forexTrdr