The MACD Indicator and Price Divergence

Divergence provides clues not answers Charts are merely graphical representations of the price of an asset over a defined period. Some novice traders get things...
EURUSD

EURUSD movement in the channel until Thursday?

According to a last week analysis: "The target of the upward move will be the level 1.1450, which was a top in mid-September." and...

OIL brent – near key level above support

In previous analysis I indicated target for upward movement 36.00, I wrote: "rebounds at OIL were usually dynamic so while the key levels weren't...

EURJPY – lowest since mid-2013

Yesterday EURJPY broke below support at 126.00 level and continues downward movement. Nearest support at area 125.00 was tested. Currently it is likely that...

Sterling Loses Momentum As UK’s Election Race Tightens

GBP/USD peeked last Monday to 1.3043, boosted by PM May with her conservative party heading polls. But last week's terror attack on Manchester costed...

AUDJPY – attempt of break below the lower limit of the flag pattern

Since August AUDJPY moved in a flag pattern. Flag is a pattern of trend continuation which means that price should break below lower limit...

AUDJPY – direction of movement 82.00

Since the end of August AUDJPY moves in consolidation between the levels 82.00 - 87.50. In October price twicely tried to break above resistance....

CADJPY – on its way to support at 88.90

Today CADJPY broke below support at 90.70 level. Currently declines stopped at weak support at 90.10 and we should see a return movement attempts....

AUDCAD – reached lower limit of bearish channel

Friday brought huge selloff at AUDCAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three important...

USDCAD – ABC correction may be already finished

Since January 20 USDCAD corrects its earlier long uptrend. Declines are already 700 pips and price reached important level. Support at 1.3970 is strengthened...

GOOD TO KNOW!

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