ProSignalsFx

ProSignalsFx Updated 

So Apple is now worth 2 trillion dollars. This comes almost as an insult to all of the America and the rest of the world, that is drowning under a mountain of debts and unemployment, current or expected, and a coming wave foreclosures, divorces, suicides and other social unrest, that is to come from the economic despair we are all about to get mired in. The...

ProSignalsFx

The pair has broken the two diagonal support lines and now stands above the green mirror support level. The further direction of the pair movement might be the. following: There will be a bounce up from the support to retest the broken diagonal trend-lines. Then, the pair will return back to the support. And then there might be a breakout downwards. IF that...

ProSignalsFx

The pair is trading in a range with a bullish momentum, within the context of a larger daily support confluence and the bullish triangle. All that gives us a hint to expect a bullish breakout. However, the situation is complicated by the fact that the breakout up of the current range resistance will let the price out into the narrow red decision corridor,...

ProSignalsFx

As it is obvious from the charts and the title above , the prices of the unrelated commodities, that were presented in the selection above went up significantly from the lows of 2020. It is possible that, with the exception of lumber, that is beating the all time highs for some reason, most of the current price increases are just the recovery to the pre-covid...

ProSignalsFx

The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions. TRADING PLAN: 1-IF there is a breakout upwards 2-Wait for it to be confirmed 3-Go long on a...

ProSignalsFx Updated 

The pair has recently broken out of the 5 year diagonal resistance line and is now back to retest it. The current setup is interesting, as it presets a confluence of powers. One might notice, that the diagonal support line appears to be broken, however, there is a strong green horizontal support line and there is a general feeling that the retest of the...

ProSignalsFx Updated 

EUR/JPY has broken the horizontal resistance upwards, making it a mirror level. Having decisively broken out of the long term downward trendline, the the current horizontal structure breakout signals us that the upward momentum is strong. Thus, a surge up from the mirror level is reasonable to expect. However, remember, that even though it is not a dollar...

ProSignalsFx Updated 

EURUSD has formed a double top near the new highest resistance, while also forming a horizontal support structure below the strong resistance level. The area between the two in yellow is a decision range. Breakout either way will be a signal of the further direction, which is shown by the arrows. The further direction will be so far constrained by the double...

ProSignalsFx Updated 

The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag. Even though the pattern is bullish, it can break out either way, thus: TRADING PLAN: 1-wait for the breakout, either way 2-make sure it is confirmed 3-Enter the position on the pullback, according to the direction of...

ProSignalsFx

EURNZD has broken out of the downward channel and is surging up through all the resistance lines. All that is firmly within the framework of the larger uptrend, shown on the 3 day chart above. The lack of pullbacks signals that the bullish momentum is strong, yet the nearest resistance level is strong, and therefore, I suspect a pullback, once it has been ...

ProSignalsFx Updated 

The pair is trading below a strong resistance, supported by a diagonal trendline and a newly formed horizontal structure. The bullish momentum might pump NZD/USD to a new high to retest a confluence of resistance lines, yet I believe this attempt will fail and the pair will correct, reaching the diagonal trendline line. Thank you for reading, like and...

ProSignalsFx

The pair has reached a 2015 low that has presented itself as a strong support level, thus our target trade is a long. USDCHF is suppressed by the two diagonal downward trend-lines, and will be facing two horizontal resistance lines on its way up. TRADING PLAN: 1-long now 2-SL below the lowest of the shadows below the support 3-Take 1 is the R1, T2 and...

ProSignalsFx

The pair is trading in a downtrend, that is about to face a number of support lines, within the logic of its long term uptrend within the channel, which is visible form the bigger chart above. The key levels are presented on the chart by the letters S for support and the letter R for resistance. The yellow triangle is the current movement corridor, and the...

ProSignalsFx

OIL has recovered from the dramatic events of the previous months with -40 dollar per oil contract. Now, following the dollar demise, oil, that has a negative correlation with the dollar index has been on the rise. The last month or so have been spent in a range below the strong resistance level in the red, that seems to mirror the current support level in...

ProSignalsFx

Bitcoin has broken out of the long term resistance line and is currently consolidating below the new horizontal resistance, in a bullish flag/triangle. Given the above-written, our target trade is a long. TRADING PLAN: 1-Wait for the breakout 2-Make sure it is confirmed 3-Go long 4-SL below the triangles horizontal resistance 5-Take by trailing stop after...

ProSignalsFx

GOLD has recently seen a good correction from the all time high peak onto a confluence of the support lines of various reliability. It is so far impossible to know what path will be chosen by the market, yet the overall sentiment is bullish, with the recent correction serving as a sign of health of the growth. In situations like this one, the understanding of...

ProSignalsFx

Just as any Yen pair, GBPJPY has too many levels to account for, yet I've been able to dig through them for you and here is the analysis. The charts above are there to show you the big picture. So the pair has broken two important diagonal resistance lines on the daily, and is now storming the horizontal resistance line, which tend to be more precise. There...

ProSignalsFx Updated 

The pair is trading between the two poles of attraction, those being the upper resistance and the lower support. Meanwhile a structure above the green support line has formed. TRADING PLAN: Before the support breaks, we assume it is solid and hold a long position, supported by the general recent uptrend in the pair. The realistic target level is on the...