MARKET INSIGHT - USDCHF

 The bullish run in the past few D1 and H4 candles is clear using MACD CFX. The D1 and H4 is prepared for BUY but the followings we must carefully consider:

- USDCHF current price is making triple tops and that may be a major resistant zone.

- The DCI oscillator is overbought in M30 so we need to wait for it to relax to the oversold levels for a BUY signal to make sense.



I will be BUYing when the DCI is bullish from below the middle levels in M30 or H1 timeframe


Comments

Post a Comment

Popular posts from this blog

BULLISH DIVERGENCE

Image
The bullish trend of the TMASlope is backed or confirmed by the bullish (hidden) divergence as seen in the image below. Price is sitting on the intra-day support at 138.77. Another support at 138.08. We continue with the bullish bias as long as price is above the support levels.
Read more

GBPCHF - BUY SIGNAL

Image
I dont trade this pair often especially because of the spread for me on the high side.But the buy signal coming this time for 30pips less the spread I might still have some 20+ pips. Not bad The D1 fisher is bullish and the Daily DSS 4,7  over sold in an uptrend in D1. In this pattern I will need a rising BULLISH signal in lower time-frame. I can see that in the M30 TMASlope rising to a fresh BULL market signal.
Read more

EURJPY - TECHNICAL INSIGHT

Image
 H4 timeframe for EURJPY is clear down-trend at the moment. The momentum indicator - wrapped with SMA trend meter shows the market is weak doing up. The major oscillator (Dynamic Cycle Explorer is at the over bought ZONE. Sell signal in the M30 is good for sell below the support levels 125.35 and below 125.99
Read more