traderscolo-en

traderscolo-en

The price is at a platform now. So, where would the price go next? The Bollinger Bands broadened, the price started to shake. It went up first, then stopped here at around 11745, and the Bollinger Bands shrunk at the same time, which means another change may come soon. Also, the MACD is now at a platform too. And we can see a dead cross here. So, a downward trend...

traderscolo-en

As we can see, the US30 has been rising for a while. The trend was clear; the volume was low. Traders pay attention to this trend and cautiously spend their money. So, is this a reversal for US30? I would say it could be. The MACD already started to go down since Aug 11. The RSI remains high. We cannot observe any hint now. And you can see the rising wedge I...

traderscolo-en

Since we all pay more attention to the Gold price, let’s see something relevant. Recently, DXY has been fluctuating for a while, so we cannot observe any trend for the long term, at least I cannot. So, let’s see the short term thing. The Bollinger Bands shrunk a few bars before, which means a change in trend could happen soon. Then, a downward trend happened...

traderscolo-en

The reason I say “last step” here is because every signal seems to need one last step to confirm. The MACD is about to make a bullish cross, but it’s still “about to”, it has not happened yet. The RSI is in the same situation. It is at a low level, however, we can still catch some rising signals from that. The Bollinger Bands shows no clear signal, we can see...

traderscolo-en

AUDUSD just went up from a support area. It rises with a steep slope. So, I would consider this area to have strong pressure, which could keep the price rising for a while. The Bollinger Bands shrinks a little bit, which could also mean that the price may make a big change soon. The MACD may form a bullish cross, as can be seen, the two lines are very close....

traderscolo-en

You can see the big wedge that I marked right? Yes, I believe in this big wedge! It can bring me good luck! The MACD already formed a cross, which is a signal of bullish. Also, the RSI is rising, which is also the signal of bullish. So, I found two signals to support my falling wedge could be a bullish signal! Let’s expect more signals to show up!

traderscolo-en

As we know, the gold price has been rising dramatically for a while. And now, we face our first drop after the crazy rising. What happened? There were some clues for this drop, as we can see the dead cross already formed before the drop and the Bollinger Bands widened. So now, where would the price go? First, let’s collect all the signals here. The Bollinger...

traderscolo-en

Bitcoin is very active recently, it has been going up and down for a while. So, it is hard for traders to catch the right point. At least I found it hard to predict the targets. So, let’s see the signals here. I marked a rising wedge. Yes, it is a small rising wedge, and to be honest, this is not a precise rising wedge. So our confidence about the bearish signal...

traderscolo-en

The price touched the upper band of the Bollinger bands, which I marked with a red circle. This could be a resistant point and the price faced pressure. As we know the price could move toward the middle line. So, the Bollinger bands give us a bearish signal. Then let’s look at the MACD lines. It seems inconsistent with the Bollinger Bands. But, If you take a...

traderscolo-en

I am so glad that I catched this signal here. As I marked on the graph, the price could go up soon. The MACD just made a bullish cross, and we can see that the blue line goes up mildly. Also, the RSI shows the same direction, the line is in an upward trend. Now let’s see the falling wedge. Is this the signal of bullish? I would say, yes. The MACD and RSI are...

traderscolo-en

Cryptocurrency is always fascinating. It’s unstable and fluctuation attracts a lot of traders to pursuing it. Also, it gets people hurt as well. For this one, we can see the volume is comparatively low recently. Although the volume could be a signal for traders, it could be lagging. Next, I would say both MACD and RSI are showing the same direction signal. MACD...

traderscolo-en

Since the price has been fluctuating for a while, traders are more and more cautious about crude oil. The volume is lower than the period before June 19th in average. So, can we trust Crude Oil again? I would say, let’s shorten our period and be more careful about that. The MACD already made a death cross, which is a bearish signal. And also, if the RSI follows...

traderscolo-en

As we can see the price is forming a rising wedge, which I would love to see. But, do we really know the turning point or the resistance point at all? The MACD shows a cross, which is a death cross, however, one signal is not enough. The RSI seems to go down, but still at a high level. The volume does not show any signal for bearish. So, the only signals here are...

traderscolo-en

The US dollar has been going down for a while since the gold price went up. How long will it last? It could depend on several factors, policies, economics, and even people’s attitudes. For now, we can see that the price tried to recover from the downward trend, there is an obvious support point at around July 31st, however, the pressure is not strong enough, so we...

traderscolo-en

The price has been moving up mildly since July 19th. No steep slope, no too many crazy candles. But now, we got a crazy candle here on August 2nd. I would say, this is a “warning”. It seems like the price says things like “hi, pay attention to me please”. Now, let’s see the signals. The MACD is going down and forms a downward trend, however, the price itself seems...

traderscolo-en

Since the gold price went up, most of the forex pairs are influenced. So, we have to look at the trend again, things may change. Like this one, it started to form a rising wedge after the gold price changed trend. Since it is forming a rising wedge, the price could go down in the near future because the rising wedge is a bearish signal. The two MACD lines twist...

traderscolo-en

US dollar has been through a hard time. Since the gold price had been going up for a while, the US dollar was influenced so much. So, we can observe a downward trend with a stable slope. Now, we can see that the price seems to recover. I think it could be a retracement. The price is forming a rising wedge, which is a bearish signal. Also, from the MACD lines, we...

traderscolo-en

I would say, NZDUSD is forming a falling wedge. Why? Let’s see the signals. MACD shows a bearish signal and cross may not appear soon. So, this indicates a downward trend may last for a while. Also, the RSI shows the same signal, which is bearish. As we can see, although these signals show the bearish trend, the price is not just going down, it fluctuates within a...