But when you view the picture from a distance, you get a much different perspective: Georges Seurat’s A Sunday on La Grande Jatte That “lampshade” turns out to be a little girl walking with her mom on a beautiful day near the shore.
FXCM’s Cannabis Basket’s hourly showing potential momentum push
FXCM's CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators...
Gamestop Volatility Increase Into Earnings Release
Gamestop will release its Q1 results after market close today. A few observations: - The stocks Bollinger's increased markedly into June as activity and volatility increased. - The 5 Day ATR (blue indicator) shows the impact of this increase, jumping from 14.06 on 24 May to the current reading of...
EURJPY potential for further downside |9th June 2021
Prices are in a general downtrend. A bounce might be expected from horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement . If prices continue to retrace, prices might...
USDCAD approaching support | 9th June 2021
Price is approaching buy entry, in line with 38.2%, 50% Fibonacci retracement , 100% Fibonacci extension and horizontal pullback support. We could see a bounce here and further rise up to take profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. RSI is also holding above...
GBPNZD facing bullish pressure | 9th June 2021
Price is holding above both ascending trendline and moving average support, showing possible bullish pressure in line with our analysis. We could see a further rise towards take profit level, in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices, other information, or...
USDCNH Facing Bearish Pressure | 9th June 2021
USDCNH broke below ascending trendline support (now resistance). Price has also tested and pulledback below this trendline resistance. A further drop below our entry and Key 61.8% Fibonacci retracement level at 6.40076, with a possible downside target at 6.37686 could be possible. Our take profit at 6.37686 is also in...
AUDJPY Approaching Support | 9th June 2021
AUDJPY approaching ascending trendline support and key Fibonacci retracement level at 84.531. We see a possible bounce above this level towards graphical swing high and -61.8% Fibonacci retracement at 85.171. RSI is also approaching support where price bounced in the past. Any opinions, news, research, analyses, prices, other information, or...
Breakout Identified in GBPJPY | 9th June 2021
The Breakout Opportunities system has just bought GBPJPY at 155.067. The system recommends entering this trade at any price between 154.939 and 155.293. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.493, suggesting that the GBPJPY may have further...
FXCM’s CASINO Basket Hourly Stochastic Nearing Momentum Push
FXCM's CASINO basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be...