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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 ...
RSI Monitor - indicator for MetaTrader 4 Description: If you trade with RSI indicator, here is another way to use it. This indicator will draw a small panel that shows all RSI values on all timeframes and will alert you when the price enters the Oversold, Overbought zones. Features: Change panel style.Change panel direction.Change RSI settings.Alert, Email, ...
Nothing really happened; no new policies were unleashed and no new announcements were made, but that was somewhat of the issue. Markets were looking for some kind of extension or increase to Japanese QE and after the incredibly salient report had made the rounds a week earlier, it looked like something new would be announced. But when no additional information was unveiled by the Bank of Japan at that April rate meeting, that bullish structure ...
The Euro accelerated lower against the British Pound, putting in the largest daily loss in six months and exposing the 0.77 figure. Prices established a top with the formation of a Bearish Engulfing candlestick pattern as expected, with subsequent losses hinting the long-term down trend may be resuming. Near-term support is in the 0.7683-0.7703 area, marked by a horizontal pivot and the 38.2% Fibonacci retracement. A break below this barrier ...
AUD/USD -FXTW was looking for resistance in AUD/USD from the October 2013-January 2014 line near .7800. That level has not been reached and a tweezer top (candlestick pattern…tweezer bottoms identified the lows in September 2015 and January) warns that it may not be reached. Also, risk of a top is heightened given COT considerations. Don’t forget about the cyclical influence next week… -“The 2nd week of April is lining up as a potentially ...
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