M pattern
Looking at our daily continuous corn contract we will first use our indicators such as RSI, Stoch RSI, and
MACD to determine possible directional position.
Or RSI is heading down the slightest but has been at this high level three major times with no success to
break through and has gone flat. Our Stoch RSI shows slight less buying pressure with the...
Head And Shoulders
Daily JPY/CHF chart shows the last move up before the move past the support neckline. To gain more info we
need to draw our average channel of movement to get the best idea of where this pair is going.
Placing an orange resistance from the top of point A gives us a certain average high price.
Now we do the same for our support line, add a...
Market Makers
as we see gold has risen since a bounce off support in Aug. We see peak A sell off
a bit to make peak B which was followed by two bear candles that seemed to hit our
support from peak A making a large green candle closing above peak A. Therefore
a natural reaction to Buy thinking its a strong side to the upside.
Bullish upside was rejected and fell...
Our 4Hr chart shows a shallow downtrend since the start of August; since then the trend has been so shallow CADJPY has ultimately been consolidating. Looking for a breakut we will use our resistance as we are down-trending. Our Resistance line shows we are at the top testing our line for the 5th MAJOR time. With no avail to proceed past. We will use our 1000 Range...
June 21st CHFJPY closed above the ascending channel at the resistance at a price of 109.894. Heikin Ashi candles show the 21st candle closing above the channel. Today June 23rd price opened above the channel at 109.846 confirming the breakout above the ascending channel causing a steeper slope to the uptrend. MACD shows promising upside potential as buying power...
FX:CADJPY Hourly chart shows CADJPY hitting its top in an uptrend on June 20 then reversing to a downtrend to hit lower lows and lower highs. Bears broke strong support @ 81.329 / testing downtrend support. The supports show bears worked hard to break strong line at 81.329. Therefore bears will take it further down. RSI shows it's still in the average range but...
Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling.
Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside...
