NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs on right are in a bullish formation; now looking to see if stochastic crosses, potentially aligning short-term traders with the daily. If a signal occurs, movement of stochastic to 80 level and maintenance of that level increases the chance of...
USOIL hourly oscillators move into bullish position
USOIL is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. We are looking to see if the EMAs develop angle and separation. If so, a movement of stochastic to 80 level and maintenance...
SPX500 Turns Bullish on Hourly
SPX500 is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool....
EURUSD might face continuous bearish pressure |7th June 21
EURUSD is facing continuous bearish pressure. A further drop is expected if prices break through the 161.8% Fibonacci extension and the 50% Fibonacci retracement . If prices continue to push down, a possible take-profit target would be at horizontal swing low support in line with 61.8% Fibonacci extension and 127.2%...
EURGBP approaching resistance|7th June 2021
EURGBP is approaching descending trendline resistance in line with horizontal pullback resistance, 78.6% Fibonacci retracement , and 100% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 127.2% Fibonacci retracement . If prices push up further, prices might face resistance from horizontal swing high...
Breakout Identified in AUDJPY | 7th June 2021
The Breakout Opportunities system has just bought AUDJPY at 84.798. The system recommends entering this trade at any price between 84.678 and 84.952. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.229, suggesting that the AUDJPY may have further...
Possible trend shift in USDJPY – going short | 7th June 2021
The Tidal Shift Strategy has just sold USDJPY at 109.493. The system recommends entering this trade at any price between 109.385 and 109.601. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.386, which suggests that...
GBPAUD approaching buy entry level | 7th June 2021
GBPAUD is approaching buy entry level, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension , ascending trendline support and horizontal overlap support. We could see a bounce and further rise towards take profit level, in line with 61.8% Fibonacci retracement and horizontal pullback resistance. Stochastics is also testing...
CADJPY facing bearish pressure | 7th June 2021
Price is facing bearish pressure from 61.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence area. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . If prices push up, prices might face resistance from horizontal swing high resistance in line...
AUDNZD approaching buy entry | 7th June 2021
AUDNZD is approaching buy entry, in line with 61.8% Fibonacci retracement , 127.2% Fibonacci extension , ascending trendline support and horizontal swing low support. We could see a bounce from here and further rise up to reach take profit level, in line with 61.8% Fibonacci extension and horizontal swing high...