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The perspective on AUDNZD below, gives a picture of a trend breakout to the upside on daily chart. Spikes in or through the slow EMAs (in red) have been rejected. The screenshot below speculates on what may happen. The SYP applies.
The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on EURUSD below, gives a picture of a trend breakout to the downside. Spikes in or through the slow EMAs (in red) have been rejected. See two snapshots below. The screenshot below speculates on what may ...
The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on COSTCO below, gives a picture of a trend breakout to the downside, with a recent spike on the daily chart. The screenshot below speculates on what may happen.
The following chart shows an interesting setup approaching tomorrow (25th June 2015) for Micron’s earnings release (ER). This is not a complete analysis and anybody making a decision to bet on this, going long or short with real money. does so entirely at their own risk. Ignore most of the wavy lines. The important things ...
When you say ‘Guppy’, most people think of the fish. So, I’ve put up an image of the fish – but this has more to do with ‘fishing’ than with fish. Very strange indeed. I have to admit I saw his system many months ago and at that time when I saw ‘Guppy trading’, I ...
The following two charts show some interesting areas of resistance. I’ve already shorted these pairs. This does not mean that anyone should do similar. Optimal entry positions are very time specific – ever swung at and missed a ball when playing tennis, or shuttlecock at badminton? It’s that sort of thing. EURUSD has no one ...
This is not about your anatomy! Finding the bottom of an instrument (in the market) is not as easy as most might expect. The bottom is not a clearly defined point either. It’s often a band or range of price – as price varies around the so-called bottom. There may be no one bottom. A ...
CADNOK is an exotic currency pair. It’s approaching an interesting level at the moment. The chart below shows some possible projections. Just to be clear, if price falls where I think it could, that doesn’t mean I’ll simply enter long. The 4H charts on CADNOK tend to show a pattern to bounce when prices goes ...
This weekly chart below shows how I’m stalking the NZDUSD pair. I’ve set up alerts on Tradingview to tell me if/when price falls below 20 on the RSI. If that happens I’ll then make an assessment on whether I enter a trade. A lot of people out there have already gone long on this pair. ...
The most important thing about this instrument below is the blue trendline. Leave off all the rest, if you wish. Looking closer at the more recent index value (in the red circle), it’s easy to see that it’s approaching the trendline again. Of course it may never hit the trendline – and the other possibility ...