Saturday, March 6, 2021

Gold XAUUSD Chart Pattern Analysis

Let's if there is truth in chart patterns of the Gold XAUUSD - and how it behaves in different situation of the MACD indicator in different time frame
Updated - it goes up as expected

Friday, March 5, 2021

Brent Crude Oil Chart Patterns

Analyzing the chart patterns and the technical indicator direction against the real time market fluctuation for BCOUSD
Updated - so it's going up and away

Wednesday, March 3, 2021

Brent Crude Oil Technical Analysis Observation BCOUSD

Defying MACD and Stochastic signal when the support target has been completed - The trigger candle is the deep at 1H time frame defying its MACD but that will reverse fast and quick
Brent Crude Oil = Weekly Up and Monthly Up Gold occur similar case on the 4H Time Frame while BCOUSD occur at 1H time frame -- reversal occur at Middle Daily Bollinger band. 

Very similar case to Gold see below The only difference where Gold = Weekly Down and Monthly Up - Reversal occur at the Bottom of weekly time frame (bollinger band)

Important 30 minute chart pattern to remember

Thursday, February 18, 2021

How a correction started Brent Crude Oil observation

This is an observation of BCOUSD or Brent Crude Oil forex market trading how a correction started continuosly and where it should ends. Initially the correction move started with the 5 and 15 minutes time frame movement synchronously by MACD and Stochastic. 

Then when the 15 minute ends it follows by 30 and 1 hour time frames MACD starting to diverge. In between there are minor correction along in the process. Once the 30 minute ended the 1H MACD starting to gain momentum and the 4H started. It keeps goes on - in this case a continuation will start when the MACD on the hourly time frames starting to converge.

The possible target is middle band 4H time frames.





Wednesday, February 3, 2021

Forex EUR-GBP Technical Analysis 04-Feb-2021 Forecast Strategy

This is the moment I've been waiting for - to see the behavior of the EUR-GBP movement if it will continue downtrend or making a slight correction before it's continue or reverse to uptrend instead. Let's see the perspective on each of the time frame. On the monthly time frame MACD starting to converge downward but at the same time it is also standing on the major support level - with contradictory technical indicators signal like this. What will happen ? Will it break or reverse which one has the upper hand.
Weekly Time frame show a clear indication the EUR-GBP is going down since MACD and Stochastic moving in parallel in the same direction. Strong bearish signal and it also broke the major support level.
On the daily and 4H time frames MACD and Stochastic already wearing out signalling the end of bearish signal on the level which may indicate reversal upside.
Having all the contradictory signals will it continue downward or reverse upward. This is the key knowledge I am studying here.
 

Popular Posts