Moving Average Convergence / Divergence (MACD)
Long-term Gold - Gap hunting.Confluence with multiple methods of TA.
Volume shows strength.
Moving Average 50 with -50 offset is the best indicator of trend when paired with structural analysis.
MACD crossing bullish; big divergence and continuation signal.
Bullish Channel established.
This is not a buy signal, this is strategy testing.
USDCHF Bearish After a strong general upmove from the US Dollar, this pair has been going sideways in a resistance zone.
With the MACD pointing to a bearish move, I consider it a good position to short with a target of 0.9975.
DXY weekly has broken out of the horizontal resistance, went up for another candle, and last week went down to the broken resistance to retest it as a support. This week will be the deciding time frame as likely the direction of the USD will be determined for months to come.
NZDUSD Might be a little early, but looks like a good RRLooks like price is having a lot of trouble at this level, and we can see the MACD starting to gain momentum to the upside. I think it's too early to act on this one, but wouldn't be surprise if price eventually increase and shot right through the weekly pivot, moving upwards to R1. As it stands right now, this gives us a RR of 3.5 to 1.
Divergence, might reverse back to pivotGood morning traders, spotted some divergence on AUDNZD H1. Going to keep watching this pair, looks like it might touch the R1 and reverse back to the weekly pivot point. I wouldn't enter too early, look for the classic double-top confirmation. Let's have a good week.
USDJPY Possible reverse back to pivotNormally I like the bounce from R2 back to the pivot, but I believe the R1 can be just as good, especially as we see some divergence in the MACD. This gives us a nice 3-1 RR. I'm not 100% confident in this trade, but the risk to reward ratio helps me sleep at night.
EEI - Possible Short Term SetupNASDAQ:EEI
RSI is oversold
MACD bearish trend is weakening
$EEI #stocks #stockmarket