This chart is based on price data from 21th May, and is presented to you with a box size of 0.0002 and a 3-box reversal. The resistance and support levels are based on the price data feeded to me from 21th May.. This idea is based on a short term view, and in the long run the trend is still bearish. The idea is to watch how the up trend develops. It is...
Hi The dynamic support trend has been confirmed 6 times. The RSI is passive at 50, and remains passive. MACD is above the signal = bullish Stochastic K-line is over 80, but is over the D-line. I think USD/CHF will is a slow uptrend. Maybe go long?
Looks like the resistance is too great for gold atm, but we might see a reversal next week.
Hi This idea is based on commen sense! The peaks are closing lower, but the troughs are closing higher. The dynamic resistance line is broken. The dynamic support is still intact. Both dynamic resistance/support have been confirmed two times. Feel free to comment!