Community Blog

Filtered by tags:  Rectangle
Avatar

USDCAD MAY SEE 1.3400

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Indicator, rectangle.
USDCAD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is neutral.
  • The Stochastics is rising.
Read full story
Translate to English Show original
killer195175_reborn avatar

UPDATE-1
The uptrend on the daily chart is quite strong. The pullback is over it seems. The pair has just broken the neckline of the short-term double bottom pattern. Now the test of 1.3350 looks imminent. All things are pointing towards 1.3400. Let us see what happens next.

killer195175_reborn avatar

UPDATE-2
The pair is on the move. it appears to be following a channel. The channel extends up to 1.3380. The pair will be supported by the rising channel support and the RSI and MACD are bullish. So I am expecting a move towards 1.3400.

orto leave comments
Avatar

HKG.IDX/HKD | A DECENT UPTREND IS IN FORCE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
HKG.IDX/HKD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed North.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that there is some indecision.
HKG.IDX/HKD Daily Chart
  • The MACD on the Daily chart is in positive territory.
Read full story
Translate to English Show original
killer195175 avatar

UPDATE-7
The price on the 4 Hour chart is in the uptrend. next week is full of holidays so I am expecting very less moves in the pair. Seeing the uptrend I expect the pair to move upto 30000 mark by next week. I hope my prediction will be within 1% range.

killer195175 avatar

UPDATE-8
The pair is currently trading at 29660.96. The pair is following the rising trendline beautifully. The MACD is in positive territory and the RSI is also looking good. I expect the pair to be close to our target of 29741 on 2nd January at 1200 GMT.

killer195175 avatar

UPDATE-9
The pair is currently trading at 29838 levels. The pair has made an intraday high of  29884.97 till the time of writing this update. The pair is following the rising trendline. Indicators look beautiful. A consolidation is needed here for a move above 30000.

killer195175 avatar

UPDATE-10
The pair is currently trading at 29920 levels. The pair has made an intraday high of  29971 till the time of writing this update. The pair is following the rising trend line. Indicators look beautiful. We need a drop down till 29700 levels for a good accuracy for January prediction. The indicators are looking good.

killer195175 avatar

UPDATE-11
The pair closed the week at 29912 levels. All the indicators are positive except the pair is near the psychological level of 30000. I expect a pullback from here before we break the 30000 mark. And that pullback is possible on Tuesday as Monday is a bank holiday.

orto leave comments
Avatar

EUS.IDX/EUR

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
EUS.IDX/EUR Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed South.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that the correction is not over yet.
EUS.IDX/EUR Daily Chart
[list][/list]…
Read full story
Translate to English Show original
killer195175 avatar

UPDATE-3
The price has closed the week at 3558. But the outlook is very bearish. Indicators are suggesting a move lower next week. I expect this pair to reach our target of 3490 next week.

killer195175 avatar

UPDATE-4
The price is trading at 3541 levels. The MACD has crossed over the signal line on the down side and is currently in the negative zone. The RSI is also headed south. This scenario indicates that a test of 3500 level is certain but we are left with only 3 trading days and these are also filled with holidays in many countries. Only time will tell now what will happen.

killer195175 avatar

UPDATE-5
The price is trading at 3522 levels. The pair is finally able to break the lows of last week and is heading lower. A close below 3513 will open the way to our target of 3490 and then 3450. Since there are only 2 more trading days left so I guess we will be close to our target here too.

killer195175 avatar

UPDATE-6
The price is trading at 3509 levels. The pair has made an intraday low of 3503. If it is able to sustain below 3500 level next week  then we can see 3450 level also. The indicators favor a down move from here. 3496 is a level where the pair can find support.

killer195175 avatar

UPDATE-7
The pair has made an intraday low at 3491 and closed the week at 3493. Our target is at 3490. I am expecting a close fight in this prediction. As the pair is now sitting at short-term support but indicators are suggesting more downfall.

orto leave comments
Avatar

EURUSD will rise in february

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
Read full story
Translate to English Show original
orto leave comments
Avatar

AUDUSD: mouvement lateral baissier

  • Weekly

L’AUDUSD s’inscrit dans un canal baissier, depuis le mois aout 2015 la paire a fait un mouvement lateral qui l’a ammener vers la borne hausse du canal.
  • Daily

La paire s’inscrit dans un rectangle qui a 0.7412 comme borne basse et 0.7744 comme borne hausse.
En ce moment la paire est au niveau de la borne hausse.
  • Prediction
En vue du contact avec à la fois la borne hausse du rectangle daily et du canal baissier sur le weekly, la paire va probablement visiter 0.7460 (vers borne basse du r…
Read full story
Translate to English Show original
orto leave comments
Avatar

Let's talk Silver

In my blog I've only been talking about gold and you can find some of my comments and if you what my view on gold you can read here: Gold - Next Move and here Gold Outlook.
First of all I just want to make it clear this is my long term view on silver and not trying to forecast the next $1-2 move. In this regard I'm going to bring to your attention 2 long term charts to back up my bullish view on silver. First chart represents spot NY silver weekly closing price from January 1975 through April 20…
Read full story
Translate to English Show original
Jignesh avatar
Jignesh 16 Apr.

I thought for sure you'd say that the support was gonna hold and I'm thinking wow that's the first time our view point is different!  I missed my entry in GOLD yesterday by $3. Targeting $1050.  What target do you have for Gold?

Daytrader21 avatar

It's very hard to tell if current bottom level in gold will stay intact or if we're going to have another shake-out of weak hands, but I guess the extreme pain level would be below the psychological $1000 level, where the majority will give up on gold. However I'm only expecting a major move to the upside to start by the end of the year, as I'm expecting the current sell of from September 2011 top to complete a pi cycle of 3.14 years.

Jignesh avatar
Jignesh 16 Apr.

Initially I expected a breach of 1000 as well.. but I'm making the assumption that there would just be too many buyers at that level.  There's a triangle in play on the Gold chart as well.  At least that's how i'm viewing it.

orto leave comments