Varonos

Varonos

- USOIL attempted a breakout at 28-29 area testing the short term resistance. - Until the maket closed, there was a bullish movement considering the fact that the price action was consistenly above the 20 MA and the 50 MA. - RSI level at 73 seems to approach the overbought area. - Positive sign the fact that the price of USOIL is going along with the upper...

Varonos

- In the 1h timeframe we are able to see a clear bullish movement with increasing tops and bottoms. - Price is above SMA50 and SMA200. - Volume: In every consolidation so far we see a small depression but every time when the bullish trend has begun, volume has increased as well. - Strong support zone at 7750 and strong resistance zone at 7870-7900. The next big...

Varonos

Major Resistance level at 1.1045-1.1046. At these points EUR/USD failed to make a breakout and fell below this Resistance with increase in Volume, making this area significant. Another key points: - Price above SMA100 and SMA200. - RSI in uptrend line above 50 and below its SMA12. - Price far above the significant Support at 1.062. We remain neutral for the moment.

Varonos

In previous analysis I mentioned that if Gold Spot price break out the initial target at Fibonacci level 61.80%, then there wil be a strong bullish movement towards the Major Resistance at 1611 price area and Fibonacci level 100%. This momentum oficially confirmed today. Price tends to come back to these levels before continuing the predominant trend. Fibonacci...

Varonos

In previous post I wrote about the channel movement of DAX and the various positive signs that appeared in the chart. Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend. An increase in Volume during the uptrend is a key factor and we should take into consideration the...

Varonos

Gold spot tests fibonacci level 38.20% with the main target at Fibonacci level 61.80% which it failed to breakout on 17 March. The increase of Volume will contribute to a bullish breakout and retest at the initial target. A positive sign is that the price bounced off of Major Support at 1451 two times (16 and 20 March). This price movement made 1450 area a...

Varonos

My first public idea so give me time to be better :) Within 1h TimeFrame DAX seems to be inside a neutral channel movement. DAX tried out the decade's low support level of 8200 (2008 Lehmann Brothers financial crisis) with a throwback. This is a positive sign but for now we remain neutral until we see a clear long movement