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Stochastics

[Signal] EURGBP: Covering of EUR shorts a Big PossibilityEURGBP Timeframe: 1D Direction: Long Confluences for Trade: - Waning bearish momentum - Stochastic Oversold momentum - Price action bounced off a Horizontal SupportTrendline - Fundamentally, weakness in the GBP is explained in the GBPUSD post in Related Ideas and the impact of Brexit will be more extensive for GBP in comparison with EUR. Suggested Trade: Entry @ Area of Interest 0.8540 - 0.8650 SL: 0.8447 TP1: 7.8747 TP2: 0.8888 RR: Approx. 2.10 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
[Signal] USDHKD: Low-Risk Opportunity Arises AgainUSDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency @ 7.85 - Stochastic Overbought momentum - Price action at Horizontal Resistance Trendline (Central Bank defends at this level) - The opportunity appears again similarly to our previous USDHKD trade; minimal risk involved) Suggested Trade: Entry @ Area of Interest 7.8450 - 7.8500 SL: 7.8572 TP1: 7.8350 TP2: 7.8210 RR: Approx. 2.72 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
[Signal] USDCHF: Incoming Multi-Year Resistance; Drop LikelyUSDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations and waning strength in upwards move - Stochastic Overbought momentum - Price action at strong resistance multi-year Trendline (Since 2016) Suggested Trade: Entry @ Area of Interest 0.9980 - 1.0130 SL: 1.0213 TP1: 0.9885 TP: 0.9681 RR: Approx. 2.37 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
[Potential] EURUSD: Awaiting Brexit's Future PathEURUSD Outlook Technicals: - Stochastics moving into Oversold conditions - Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline - On a longer perspective, a weaker dollar outlook from the more dovish FED whom are likely to stay put due to economic datas not released from the ongoing govt shutdown. The chances of FED continue to hike continues to fall and this gives opportunity for carry trades to flourish. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
AUDSGD: Strong Support Level @ 2016 lowsAUDSGD Timeframe: H4 Direction: Long Confluences for Trade: - Price action at a Trendline Support - Stochastic Oversold momentum - Widening of EMA - Price action is close to 2016 lows, could be a strong support at such levels Suggested Trade: Entry @ Area of Interest 0.9675 - 0.9735 SL: 0.9619 TP: 0.9886 RR: Approx. 2.30 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
USDCAD: Weakness in oil overdone?USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Price action at top of Resistance line of Parallel Channel - Widening of EMA - Stochastic Overbought momentum (W1, D1 & H4) - Fundamentally, market is starting to expect FED to be more dovish in their hiking path, and may steer USD weakness. Global demand is weaker which has affected oil prices but the move seems extreme. Suggested Trade: Entry @ Area of Interest 1.3440 - 1.3500 SL: 1.3521 TP: 1.3252 RR: Approx. 3.56 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
EURUSD: Mid-Channel Bounce?EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Mid-Support in Resistance Channel - Price at Support of a Horizontal Trendline - Stochastic Oversold momentum (H4) - Fundamentally, EU-Italy impasse has shown some willingness from Italian counter-party to review their budget deficit numbers. Although not concrete, it should relieve some pressure off the EUR (it dropped from 1.18 - 1.12 due to this issue last time). The growth data numbers have been weak but it is unlikely to deter the trajectory of ECB's direction to taper. We believe market is still very rangy at this point of time. Use small lots to be safe. Suggested Trade: Entry @ Area of Interest 1.1250 - 1.1310 SL: 1.1209 TP: 1.1494 RR: Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
1
NZDCHF: Long-Term Short Trend NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
1
EURNZD: Price Bounce LikelyEURNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Long-Term Trendline (since Feb 2017) - Price at Fibo 38% levels - Price around Horizontal Trendline (since Jan 2018) - Divergence of 8 EMA and 50 EMA quite wide - Stochastic Oversold momentum Suggested Trade: Entry @ Area of Interest 1.6610 -1.6750) SL: 1.6464 TP: 1.1.7228 RR: Approx. 2.80 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
AUDNZD: Revival of the AUD Strength?AUDNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price close to Long Term Support Trendline (since 2015) - Price at Resistance Line of Parallel Channel - Price at 78% Fibo retracement levels of previous Low to High - Stochastic Oversold momentum (W1, D1, H4) Suggested Trade: Entry @ Area of Interest 1.0585 - 1.0640 SL: 1.0541 TP: 1.0800 RR: Approx. 2.50 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
GBPJPY (1D): Strong Selling AreaGBPJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Strong Selling area (since June 18, price has been sold down from this area) - Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely if the Democrats take over the House of Representatives. Suggested Trade: Entry @ Area of Interest: 148.20 - 149.20 SL: 149.76 TP: 146.18 RR: Approx. 2.09 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
4
(LTC) Litecoin consolidation testing inside channelAlright everyone lets dive in and take a look at whats happening with COINBASE:LTCUSD today! Well....to be honest its actually not that much happening lol Litecoin does seem to have worked itself into bull flag, but seems to have slipped below a relatively strong inside channel formed long before all the LCC fork craziness sent litecoin's price every which way for a bit there. All the same there are some things to keep an eye on as the next few days unfold: We seem to currently be testing a minor support around $205 MACD is still bearish and looks to be heading for a crossover lower than the prior low STOCH & STOCH RSI have both crossed but have done so in a weak manner at best STOCH & STOCH RSI are both below 20 and likely to bounce off that level prior to any significant movement We've dropped below the 42 EMA (blue) But we're still above the 192 EMA (red) The 192 EMA is lining up almost perfectly with the cycle low support from back in november, indicating very strong support. Based on what we can see here I believe if we close below that inside channel the consolidation will likely continue between $212 and $205 until midday or later tomorrow at which point we may test re-entry of the inside channel. If COINBASE:LTCUSD does manage to break below $205 we could see things dip to around $197 but it will face strong support there from the cycle low and 192 EMA at which point we will likely have a stronger breakout towards the inside channel after a noticeably longer consolidation. Realistically I don't think we'll see too much exciting from litecoin for a day or more, but once we're back inside that channel a number to watch for breakout will likely be the $232-$235 range as it attempts to exit the ATH overhead resistance. *** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells. *** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator! This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical AND emerging patterns! Good luck and happy trading fellow cryptoheads! Austin Doyle CTO Crypto Playhouse
BITFINEX:LTCUSDLong
by UnknownUnicorn1613901
4
Two Technical Bears Bite IWMOn April 12, 2017, the Russell 2000 ETF ( IWM ) 20 day moving average (DMA) crossed below its 100 DMA and the ETF also crossed below its 100 DMA. Both crosses have not occurred on the same day in the history of the fund. Historically the 20 DMA has crossed below the 100 DMA 26 times and the stock drops a minimum of 0.217%. It has a median loss of 3.957% and maximum loss of 32.818% over the next 15 trading days. Historically the fund has crossed below the 100 DMA 91 times and does not always continue to drop. It has a median loss of 3.993% and a maximum loss of 34.336% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 45.2759. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the fund is neutral but has been trending down. The true strength index (TSI) is currently -5.2391. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the fund is moving down. The positive vortex indicator (VI) is at 1.0416 while the negative is at 0.9511. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the fund is in a period of uncertainty. Although the positive is higher, both indicators have crossed four times in the past month. The stochastic oscillator K value is 49.6357 and D value is 50.9736. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value the price action is trending down. The current reading declares the fund is neutral and can go either direction. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. A strong resistance down trend has been taking shape since market highs on March 1. Based on historical movement compared to current levels and the current position, the fund could drop another 1.55% over the next 15 trading days.
AMEX:IWMShort
by StockSignaler