UnknownUnicorn135402

UnknownUnicorn135402

The chart says it all: previous PA at the current level & divergence with MACD. What the chart doesn't say however is that the overall trend is still bearish and has a lot of room to the downside. So this may be a good mid-term short position, if the level holds. -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE ...

UnknownUnicorn135402

There you go. The long-awaited top is finally here, it seems. If 30 doesn't hold (and it likely does not), prices may head all the way down to around 16 and probably even 10. The latter would likely bring a more substantial recovery though and mark the end of "crisis", so... good news? -- Everything I write about - I buy and sell for myself and my Investors. ...

UnknownUnicorn135402

Cable's downtrend has weakened lately. Nonetheless, it's still on. Prices have now arrived to the resistance area they fell from last time, in the middle of February. If this really is a turning point, we may see the downtrend continue to the potentially final target of the whole move at 1.33. We may be there as soon as in the end of April. -- Everything I...

UnknownUnicorn135402

...the doors are closing now. Please make yourself comfortable. Our journey will last for four months. P.S. Wait for a confirmation first! -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE button if you find this analysis useful, so as I know you do. Please FOLLOW ME here on TradingView to see what I see, when I...

UnknownUnicorn135402

...is this divergence finally starting to come into action? If so, we may see a continuation of a larger downtrend towards 0.70 in the months to come. -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE button if you find this analysis useful, so as I know you do. Please FOLLOW ME here on TradingView to see what I...

UnknownUnicorn135402

We've put so much energy into this recent up-move - still running out of steam. Got to wait until MACD starts going down, completing the "hill". -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE button if you find this analysis useful, so as I know you do. Please FOLLOW ME here on TradingView to see what I see,...

UnknownUnicorn135402

Seems like all those recession talks are "kinda true". Although, why care if you are a trader? ;) Just sell it... -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE button if you find this analysis useful, so as I know you do. Please FOLLOW ME here on TradingView to see what I see, when I see it. You can also JOIN...

UnknownUnicorn135402

Prices are reluctant to go lower. And this divergence might be an explanation. I'll wait for a break of 0.78 before going long. -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE button if you find this analysis useful, so as I know you do. Please FOLLOW ME here on TradingView to see what I see, when I see it. You...

UnknownUnicorn135402 Updated 

Here's a real-time example of a "hidden divergence" between MACD and price. I'd like to share the way I translate it into a human language. You are aware of the "effort versus result" rule, right? Such as, you expect your car's engine to start when you turn the key or to feel warmer when you put on a sweater. I guess you are. So think of MACD as of an effort...

UnknownUnicorn135402

With an overall bullish picture on daily chart we have a divergence with MACD and an oversold Stoch RSI. The plain RSI, however, has just crossed 50 from above, so we've got a little problem here. But this may be due to the short-term overbought condition (better observed on 4h charts) and a formation of a temporary top as a consequence. I'll be waiting for 1h...

UnknownUnicorn135402

At first, it may seem to be a little bit too late to short this market already. But prices are still in the upper half of the channel. What's more, we have a bearish-friendly development on monthly charts, in case you prefer to hold your positions open for months. -- Everything I write about - I buy and sell for myself and my Investors. Please hit LIKE ...

UnknownUnicorn135402

Unfortunately, the 160 psychological level couldn't hold bulls' attack. But bears are still clearly in control of the market. Since Stoch RSI is already overbought and RSI is firmly below 50, I'll be waiting for MACD to start showing negative dynamics to enter my short trade towards 150 next. -- Everything I write about - I buy and sell for myself and my...

UnknownUnicorn135402

Suddenly we're now above the major resistance of 0.7385. At least to me this was quite unexpected, since I somehow fixed my mind on a possible move to the downside. But I should have been more careful and should have noticed these two things: 1. Momentum indicators were clearly pointing higher. 2. Gold price made a new high, which is important for Australian...

UnknownUnicorn135402

This case is very similar to the one with the European currency versus the one of Russia. The latter have been showing strength since the late January and, from technical perspective, this is about to end quite soon. I expect prices to hold and consolidate around 70 rub. for a while before finally bouncing up towards 100 psychological level, which, if everything...

UnknownUnicorn135402

Despite a prolonged period of strengthening of the Russian currency versus the one of European Union, the decline shows signs of deceleration and possible reversal in tune with a larger uptrend towards psychological level of 100 and beyond. The latter is unlikely however, since it looks like the major uptrend itself is getting tired already. If everything goes as...

UnknownUnicorn135402

Technically, as of now, it's more neutral than bearish. I see some downside potential nonetheless. Please see chart for more details.

UnknownUnicorn135402

Despite rising prices and the fact that a fresh high was made recently, US Oil price still fails to close above 34.79 for the second day in a row and, in fact, holds below this level as I write this note. The major downtrend is still on and the rise looks corrective from a technical perspective. A divergence with MACD can be clearly seen. And MACD starts to...

UnknownUnicorn135402

A divergence with MACD after such a fall is taken as a sign of a slowdown and a loss of a downside momentum. Fits perfectly in overall long-term bullish trend conditions. Ahrr, if only MACD determined prices' direction... I'd trade it a-all day!