Signal Specification Entry: EURGBP ready to fall beneath the 0. On daily closing, the continues decline added strength to Pound. With the backup of Fundamental factors the pair ready to take a pullback action from the Current trend. The 0. Predictions and analysis. Videos only. NZDUSD: Dollar's On Threat- Falling Candles. Tradingwithtamil Premium Updated. GBPCAD: ON IT'S EXTREME; YET TO FALL BENEATH.

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You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. com's Live Trading Chat Room. For example, you may have an uptrend on a 5 minutes chart but a downtrend on a 1 hour chart. Generally, the higher timeframe is regarded as stronger than the lower one. So, if you have a downtrend on a 1 hour chart and an uptrend on a 5 minutes chart, technical analysts will look at signs of the uptrend on a 5 minutes chart fading before calling a resumption of the higher timeframe downtrend.

Another way technical analysts identify trends on charts is via moving averages. A moving average is a technical indicator that smooths out the price action and plots a constantly updated average price with a line. If for example you want to use a 50 period moving average, then the indicator will take the previous 50 closing prices and divide by 50 to get the average price.

The most popular moving averages are the EMA20 exponential moving average of the last 20 bars , followed by SMA Simple moving average of 20, 50, the and period moving averages. So, you can either just look at the swing highs and swing lows by eye, use the moving averages or combine both methods to better identify different trends. Indicators can help technical analysts to better navigate the noise in the markets. Indicators should not be used on their own but as an extra confluence to the overall analysis.

The most popular indicators are the moving averages and the oscillators like the RSI or MACD. They serve different purposes, but the ultimate goal is to better make sense of the price action. Moving averages are used to identify trends and to provide dynamic support and resistance for the price. For example, if the price is above a moving average, then it is said to be in an uptrend and generally the technical analyst will look at possible points on the chart where the price may pullback to and then bounce off of.

Oscillators are used to identify momentum and possible turning points. The most used ones are the RSI and the MACD. The Relative Strength Index RSI tries to gauge the strength or weakness of the price based on a formula.

The RSI is measured on a scale from 0 to and a default period of 14 most recent closing prices. The RSI is also said to be in overbought or oversold territory whether it crosses the 70 or 30 levels respectively on the scale.

The MACD is composed of three indicators: the MACD line, the signal line and the histogram. When the MACD line crosses the Signal line to the upside it can indicate the beginning of an uptrend momentum and when it crosses the Signal line to the downside it may signal the start of a downtrend momentum.

The histogram visually displays the magnitude of the distance between the MACD line and the signal line. The histogram can signal overbought or oversold conditions when the two lines diverge too much. When the histogram rises well above the baseline at 0, the price momentum may fade a bit as it becomes overstretched and prone to a pullback and vice versa when the histogram falls too much below the 0 baseline. A chart pattern is a recognizable configuration of price movement that is identified using a series of trendlines or support and resistance levels.

Chart patterns can signal reversals or continuation of trends. There are many timeframes that can be used and there can be many patterns at any given time that can make all the process confusing. If you see, for example, price consolidating after a bull run caused by a fundamental catalyst giving you a flag pattern, you know that that can signal a further bullish momentum once the flag gets broken.

Chart patterns can help a technical analyst to identify possible future price moves. Double tops or bottoms can signal areas where the market has made two unsuccessful attempts to break through. You can even find triple tops or triple bottoms that have the same psychology behind them as for double tops and bottoms.

These patterns are considered reversal patterns, meaning that the price upon successful completion of the pattern goes the opposite way reversing the previous trend.

Hello traders, In an hourly chart, Dollar Index fighting one another to prove their strengths. NZDUSD running to take a turn to fall down, technical concerns providing back-up-could stabilize the pull action. Short profit seekers keen on pending entry zone, precise the entry. Signal Specification. Entry: 0. Despite of yesterday's raise the pair reaching its full benchmark. In a 4hr time-frame, GBPCAD climbing to its max.

numbers indeed ready to take a free fall. This free fall could advance the sellers profiting speed. Moreover, Channel correction converging the fall into a narrow action. Traders watch over the market happenings then make your move. Hello trader, In a 30min time-frame, XAUUSD ready to take a flight to the top.

A throwback reversal impulse from An Impulse formation may switch the price movement pattern the price range could achieve the target in two ways; it may fetch target directly from the current zone or else, a small pullback Hello traders, Given the GBPNZD's rehashed inversions from month-old climbing pattern line, the match is probably going to return to the 1. Be that as it may, the 1. Descending wedge oscillation turns the price range to the trend resistance.

In a daily time-frame, descending wedge pulls the price range to the wedge resistance. The descending wedge pattern formation boosts the continuous raise towards the trend resistance. The Signal Specification Entry: EURGBP ready to fall beneath the 0. On daily closing, the continues decline added strength to Pound.

With the backup of Fundamental factors the pair ready to take a pullback action from the Current trend. The 0. Predictions and analysis. Videos only. NZDUSD: Dollar's On Threat- Falling Candles. Tradingwithtamil Premium Updated. GBPCAD: ON IT'S EXTREME; YET TO FALL BENEATH. Tradingwithtamil Premium. XAUUSD: Profit flight with a catch-Bullish. GBPNZD: Strong Ascending trend restricting the price range. GBPJPY: Descending Wedge Formation pulls the Price range.

Who will be the Master Now? Bear or Bull?

Members Current visitors New profile posts Search profile posts. The most popular timeframes are the 5 minutes, the 15 minutes, the 1 hour, the 4 hour, the daily, the weekly and the monthly. Cannabis Cannabis Conference. Stock Split Calendar. In a 4hr time-frame, GBPCAD climbing to its max. NOK short continuation.

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