I am expecting this market to continue to buy ONLY IF the market close above the 14MA. IF the market FAILS to close above the 14MA and continue with the buying momentum, then I will expect this market to fall.
Can I just say WOW at the rejection at the 200MA ?!? Honestly this is playing out how I would like to see the market.
I recognize a price action candle, the shooting star. The shooting star often occurs when the market is buying and begins to react at some level of resistance. I am identifying my level of resistance as the 200MA.
I would like to see todays...
The best time to analyze the market is when its closed. After a analyzing the weekly chart of USDZAR, I think this market could continue its overall trend to the upside. The market is currently under the 14MA, meaning this market is selling.
Lets compare last week engulfed sell candle compared to this week. WHERE IS THE SELLING MOMENTUM? It does not make any...
The market is currently moving up to the next level of resistance for a long term set up. It is very possible that the next level of resistance could be the 200MA.
Since the market is moving I can only predict what the market could do if it were to react at the next resistance level.
EURUSD could react at the 200MA creating price action. IF the market set itself...
If you take a look at EURUSD in the monthly time frame you will see that the overall move in the market is up. I believe this market could continue to buy for a couple of months. I also believe that this market could buy up to the 14MA, reject, and continue to fall lower.
I like to predict the long term moves to help recognize the overall direction of the...
I prefer to look and analyze the market from a long term perspective. Therefore I ONLY look at the market in the daily, weekly, and monthly timeframes. I find that these time frames are consistent in the overall direction in which the market will move in. Which helps predict the next direction in the market.
I am making a daily prediction that the GOLD could...
