The following is the hourly chart of AUDCAD currency pair as of DEC. 30th, 3AM EST. If you observe the currency pair it has formed MACD divergence. Moreover
1) CCI has reached the overbought region and it is trying to cross below 100.
2) Stochastics has reached overbought region and it is trying to cross below +80.
So [...]
The following is the daily chart for EURNZD as of DEC. 30th., 3AM EST. If you observe this you can see that it is on a trend line and the trend line was broken with a strong bearish candlestick. So I am expecting the graph to come down more. Check the following daily chart for [...]
The following is the GBPCHF daily chart as of DEC. 30th, 3AM EST. If you observe the daily chart it is on a trend line and it was broken with a strong bearish candlestick. Moreover the bollinger bands is downwards. So even though the stochastics and CCI are in oversold region, I am still hoping [...]
The following is the hourly chart as of DEC. 29th 3AM EST. Just now the London market has started. If you observe the chart you can see that there is a support line for this pair which was broken with a strong bearish candlestick just before the beginning of the London market. So I entered [...]
The following is is the hourly chart of EURAUD as of Dec. 28th, 12 AM EST. If you observe the graph you can see that
1) A support line is formed (trend line).
2) CCI has reached below -100 which is oversold region.
3) Stochastics oscillator also reached below 20 which is the oversold region.
I am thinking that [...]
The following is the AUDUSD daily chart as of DEC 24th, 2009. If you observe the chart, you can see that there was trend line support which was broken earlier by the daily chart. Now the stochastics and CCI have reached the oversold region. The stochastics has crossed below the 20 line and now trying [...]
The following is the AUDCHF daily chart as of DEC. 23, 2009. If you observe the graph you can see that
1) The chart has reached the bottom moving average of the bollinger bands.
2) There is a resistance line at this bottom moving of of the bollinger bands.
3) CCI has reached the oversold region by crossing [...]
EURUSD and USDCHF bollinger bands came very close. So I am expecting a break out may occur. Check the following pictures. The following are EURUSD and USDCHF hourly graphs. The bollinger bands are converged. So I am expecting a breakout soon.
Click on the pictures to maximize them.
EURUSD hourly chart:
The following is the 4 hr graph for AUDCHF. If you observe the graph there was a support line which was broken earlier. Now the chart has retraced back to the earlier support line. This may now act as the resistance line. In addition the following are also favorable conditions for a short trade.
1) CCI has reached above 100 which is an overbought region.
2) Stochastics has reached above 80 which is over bought region.
The following is the GBPCAD 4 hr chart. If you check the graph you can see a support line (trend line). The support line is broken in the four hour graph and it retraced back to to the support line and it looks like now the support is acting as a resistance and exactly at the resistance lie a bearish candlestick formation is happened. I think it’s a good opprotunity for this currency pair to enter a short trade. What do you guys say?
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