When a range has trapped price, the price may experience further consolidation until a break occurs and a potential trend emerges. The upper end of the above-mentioned range is yesterday’s high of $17.62 and above this level the next resistance level are the May 3 high of $17.70, followed by the May 2 high of $18.00. The lower end of the range is the May 4 low of $17.15. Below it, the April 27 low of $17.03 and April 25 low ...
Daily price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging within Fibo resistance level at 14.34 and Fibo support level at 13.64. RSI indicator is estimating the ranging condition to be continuing. If the price will break Fibo resistance level at 14.34 so the local uptrend as the bear market rally will be started up to 14.61 as the next target. ...
Currency Power Meter ---------- CurrencyPowerMeter_v1 indicator was created for Premium Trading Forum. This is the updated Currency Power Meter indicator with the Bid Ratio. The version is working for MT4 build 600 and above ---------- You need to subscribe to Premium Trading Forum to read and to download.
D1 price is on primary bearish breakdown which is started today on open daily bar: the price is crossing 16.05 support levelSinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on H1/H4/D1/W1/MN charts) was crossed by the price on close D1 bar for the reversal of the price movement to the bearish market conditionChinkou Span line of Ichimoku indicator is showing next good breakdown possibilities in the near future for this ...
Gold (XAU/USD) Wedge Breakout: After breaking above a falling wedge pattern seen in the 4H chart, gold (XAU/USD) stalled at 1323, and has been trading in a triangle consolidation. The wedge breakout was a bullish signal. The rally pushed gold (XAU/USD) above the cluster of 200-, 100-, and 50-period Simple Moving Averages (SMAs). The 4H RSI was pushed up above 70. Now if price can hold above the SMAs, the wedge*breakout is still valid, and if the 4H RSI holds above 40, there is maintenance ...
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