NTGUSD prediction for this month Natural Gas FOREXCOM:NTGUSD jamesb123 As you can see on the chart, this strong support line marked in red has 4 monthly wicks coming into contact with it and all being rejected above the 2.74 level marked in blue. No different for this months candle imo , TP @ 2.7 – Positions opened @ 2.56 and buying any dips
Big Bitcoin Bat? Bitcoin / Dollar BITFINEX:BTCUSD bmck1 Soo let me start this off with the standard comments and disclaimers I personally am not trading Bitcoin at this time and am not advising anyone to enter any trades off the back of this post.All that aside, in going through some analysis on the chart there is an area of interest developing that if we were able to come down to, could provide some good opportunities for long entries. After the accelerated move up to 20k at the end of last year we have seen a huge correction of late. IMO , even without
Short Bitcoin RSI Divergence Bitcoin / Dollar BITSTAMP:BTCUSD SilverTrader925 On the daily chart there is a shooting star signalling a turning point, price managed to reach the 50% fibs. H4 shows rsi divergence and a break of the trend or recent swing low could see a retest of the recent neckline of the inverse head and shoulders .
Short USD/JPY USD/JPY OANDA:USDJPY PawnMeNot Daily: Price is below 21 MA Broke horizontal support at 107.825 Currently re-testing the support turn resistance line 4H: Broke downtrend channel support line. Reject prices the second time at 107.825 horizontal resistance line Bearish engulfing candle stick. Position: Short Entry: 107.5 Stop Loss: 108.5 Target: 105.5 Risk:Reward = 1:2
Gold: longer-term prospects remain bullish GOLD (US$/OZ) TVC:GOLD HelenRush Gold prices are retreating since last Friday, with yesterday’s losses were the largest since June 2017. Today, the metal is trying to slow down the downside move witnessed on the back of a widespread recovery in the greenback. In the short-term, gold may remain under some bearish pressure, while the longer term prospects remain positive. The USD demand is rather a local technical correction after an aggressive sell-off seen last week, then a sign of an underlying demand coming back. The dollar’s fundamentals still point to the downside, as the U.S. faces the so-called
BTCUSD – weakening structure on 1H time frame Bitcoin / Dollar BITSTAMP:BTCUSD Captain_Walker As labelled on the chart, there appears to be a weakening of the structure of a bullish rebellion that has occurred over the last few days. I expect further oscillation and more weakening based on the current evidence. Price could well return to the 12000 mark with a weak structure. Personally I’m short with a reasonably wide stop-loss. This is not a recommendation.