Trader-Berke

Trader-Berke

Chevron (CVX) is an established energy company listed in the S&P 500 index. Technical Analysis: I use moving averages as zones rather than lines. On the weekly chart, I applied the 200 EMA and 200 SMA, shading the area between them in orange to create a moving average zone. Currently, prices are finding support in this zone on the weekly chart. Additionally, the...

Trader-Berke

Let's analyze the pair across different timeframes. First, prices have reached a support zone on the monthly chart, meaning we should look for reversal signals. Higher timeframes are more reliable since they encompass more data. Looking at the daily chart, I’ve drawn a falling wedge pattern. The pattern has just broken out, and the price has made a pullback to...

Trader-Berke

The USDJPY is giving bullish signals across different timeframes. Prices have dropped to the demand zone on the weekly chart. At this point, the trend is no longer your friend because it has entered the "Trend Exhaustion" phase. There is a broad RSI bullish divergence on the daily chart, supporting a potential rise. On the 4-hour chart, a Stochastic bullish...

Trader-Berke

There is a clear head and shoulders pattern on the daily chart. Lower time frames also support a bearish bias. The beginning of the right shoulder presents a great entry point. It is also a great opportunity for mean reversion traders.

Trader-Berke

Prices are forming mitigation block on the 4-hour chart, and I expect prices to fall.

Trader-Berke

A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.

Trader-Berke

In the EURAUD 4-hour chart, prices made a retest, also known as pullback, to the broken resistance zone. This zone also corresponds to the Fibonacci 0.382 level. The uptrend may continue from where it left off. This is not an investment advice!

Trader-Berke

As you see there is a Head and Shoulders pattern happening. Plus, if you check economic calender you will see 7 positive reports for USD. Which means both technical and fundamental analysis in the same direction. I opened a swing short position. My target will be 1.08600 or even more. Good luck!

Trader-Berke

As you see a perfect Wolfe pattern occured. Usual TP is 1970 in this pattern. Plus, there are many divergences happening right now. This is a great opportunity to open a buy position. Enjoy profits next week!

Trader-Berke

USD is oversold against CAD and currently undervalued. There is a huge RSI divergence too. I am waiting bullish movement. At least 1.33 is good TP.

Trader-Berke

Hi folks, I have been waiting for a long time to open a strong short position for GBPNZD. The time has come! Prices reached resistance level in daily chart. At the same time you can see strict RSI and CMF divergences happening now. News support short position too. My TP is 2.01 but you can make it 1.97 to earn more money. Good Luck!