Midterm forecast: . While the price is below the resistance 29.85, beginning of downtrend is expected. . We make sure when the support at 19.65 breaks. . If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid. T echnical analysis: . The RSI uptrend #1 is broken, so the probability of beginning of downtrend is...
Looking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
Midterm forecast: While the price is below the resistance 29.85, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is...
Midterm forecast: 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Midterm forecast: . 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. . We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: . While the RSI uptrend #1 is not broken, bullish wave in price would continue. . A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Midterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.95 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . While the RSI...
Long only if crosses trendline resistance. Views are for educaitonal purpose only
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
Beautiful setup on Weekly. New rally more likely provided it holds key level mentioned in the chart.
18.442 lies on a trendline that has supported XAGUSD multiple times, since Feb 17-18. A break below this level can initiate selling or correction in overbought markets. Targets on the downside can be, 18.41 - 18.31 - 18.22 - 18.19. 18.56 can be used as S.Loss for short positions. Momentum is strong sofar, 18.41 or corresponding level can be used as a stop...
Gold or xauusd is moving in a bullish channel on weekly charts. Friday's top has touched this very line and closed a couple of dollars lower. Breakouts on weekly channels are not seen very often, a cautious approach is a must at these levels. I would wait for more SELL signals on other indicators before going short, 4-5 $ above the trendline will be the...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.87). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . SILVER/U.S. DOLLAR is in a range bound and the resumption of uptrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....