We are in the upper range of the Band and seem not to rise further. A test of the 200 EMA eems likely.
As the index couln't rise further on widening Bollinger band and with a divergence in the MACD I suppose a test of the EMA 21 or the Middle line of the BB at least.
BBVA rose high. I'm short since yesterday. Today it opened with a gap to the downside. RSI turned down. There is hughe potential for a Spanish rain drop. Where is the plain? Let's try out. If the MAs will be broken, we will see much higher momentum.
AA is still in neutral territory, but once the WMA 21 is broken we shall see much lower rates. I prefer this as volume fell considerably at the resistances Gann 2/1 and upper Bollinger.
Perhaps a bit early, but I think the overbought status allows a sale.
Perhaps a bit early, but I think the overbought status allows a sale.
I suggest that a new correction to the downside is beginning with potential to close the gap of early July.
It became quiet cocerning the use of Gann fanns. A couple of weeks ago many studies had been published. Now they seem not beeing favoured any longer. Let's try them again. I know there is a correlation with gold. But the potential of PAL is high due to the penny price.
I am not a specialist of Harmonic Pattern. Perhaps the specialists can say something whether this is valid. I suggest another rise of the USD.
Perhaps we may test the mid April low again.
Well, Humpty Dumpty hasn't been put together completely yet, but it seems to me thet we can begin to set him on the wall slowly.
The market seems not to believe this: wallstcheatsheet.com The chart indicates an outstanding correction. How far? Let's see.
The NZD seem to stick in its range and is going to test the downside within it now. Let's join it.
There is a white candle with a long shadow. For a hammer the body is to long but I consider it as a buy, nevertheless.
I just went long on penetration of the MA.
We run in a sideward range and reached its bottom now. At least a correction is due.
The downtrend is intact and we move downward along the Gann fann.