redlineracer

redlineracer

After touching a major fib retracement level, the associated diveregence on the MACD and RSI indicate a price pullback is on the horizon.

redlineracer

The rising wedge on the DXY 4hr might be hearalding bearish movement. Combined with the divergence on the MACD and RSI, I'm expecting downside...after a likely initial break of the top of the previous swing high.

redlineracer

Scenario involving the completion of a 4hr flat for ETHUSD.

redlineracer

Whilst the EUR/GBP is testing a major weekly and daily resistance line, the MACD histogram is displaying bearish divergence.

redlineracer

The AUD/USD is testing a major resistance level on the weekly chart. The last time this resistance was tested in 2015 it started a 6-month downtrend.

redlineracer

On daily data, the NZD/USD is testing a major resistance level, with Fibonacci retracement identifying it at the crucial 50% mark.

redlineracer

Weekly charts show a strong descending resistance for GBP/USD...So is the wait over and do we prepare for an imminent downtrend? This is a crucial time point for a possible major pullback or breakthrough.

redlineracer

Ascending support with at least 3 valley formations for GBP/USD. It will be interesting to see if price will continue along the Fibonacci extension series from the start of the support.

redlineracer Updated 

Ascending support, with at least three valley formations, may provide a valid long entry from the latest valley.

redlineracer

Looks like a 3rd valley may be forming to complete a valid symmetrical triangle on USD/JPY daily data. Seen as a continuation pattern, once this pattern completes it will likely follow the previous trend (which was an uptrend prior to the pattern commencement, also supported by the current SMA200 direction). It will be interesting to see if it breaks the triangle...