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Rsi-2

EURUSD - Moving down to 1.146 - search for good moment to short EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market. Next target: 1.146 (based on weekly timeframe) Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe) See analysis of multi timeframes below: M) Down: topping at 60, below fibo 50% level (1.22) protecting bear perspective W) Sideways: RSI < MA's, on its way to test MA's on price around 1.146 D) Down: RR, NR TA Hit, resistance at 1.17586 and 1.17111 4H) Down: NR TA Hit, Range Rules, resistance at 1.17094 Search for NR's to enter the market
Short
by arnevv
District0x Long Opp-- RSI trading As you can see I've been playing DNT like an absolute fiddle. I see this as a great long opportunity because I still consider DNT undervalued in terms of market cap, and think it has a lot of room for growth. Since its initial pump, it's been staying faithfully within the ascending channel while drawing down between fib levels of resistance. I definitely see DNT remaining in this upward channel for at least until it recoups the initial losses to the ATH, then I will revise this idea accordingly. Not much opportunity to backtest the RSI settings on this one, it's only been on the exchange a week or two. However, I'm looking at the hourly chart with 18 periods in the RSI and as you can see the negative divergence highlighted in red signaled the end of the run. I'm using 24 periods in the STOCH RSI to include a larger time frame, smooth the indicator a bit and provide fewer false signals by accounting for more of the macro trend. When a divergence appears here, it will be more reliable than on the other RSI indicator. Watch for any breaks below the long term trend line in green.
Long
by gagevalentino
Up Trend Is Resuming !-As you can see, the pair is having trouble breaking below a major demand area at 1.6800 , which isn’t surprising since it lines up with a 38.2% Fibonacci retracement, with RSI almost hitting oversold levels. -Based on the long wicks below the area, it looks like forex bulls are defending the support very well, Not only that, but a bullish divergence has also popped up to reinforce a bullish trade! -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 1.6980 -n any case, just make sure to practice proper risk management, a’ight?
Long
by YaseenG.Housari
GBPAUD ShortLovely retrace on the daily to the golden Fibonacci level of 618. Complete rejection, in addition to rejecting a key support/resistance line at the level of ~1.64. 1. Rejection of 0.618 Fib level on the daily retracement 2. Rejection of ~1.64 level 3. Massive RSI divergence across all time frames (4h and below) 4. 4H RSI is extremely high (~80). Only happens a few times/year. Typically leads to a massive drop. No target set yet, but according to Fib extensions, 1.58 looks doable, especially with Brexit talks next week. FX_IDC:GBPAUD FX:GBPAUD OANDA:GBPAUD
Short
by EagleByte
1
Peso and Dollar Tap DancePeso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect. Mexico Central Bank sold off dollars to stymie skid . Meanwhile, speculators know that the Peso is squat . I think the Peso is squat. Technically, the Peso is squat. Technically, we are due for a retrace and the classic Triple Tap Price Action may conclude. I look for a potential reversal from it when RSI is Your Friend . Note: I mostly go long and buy breakouts on this pair, because your True Best Friend Is The Trend (and the Peso is still squat).
by dead2live