forexpunter

forexpunter

Factors 1. Price has experienced a LT downtrend (Starting April 19) 2. Recent price is poking out of it's LT downtrend 3. Price slowly building a base with a short term resistance at $1.235 . 4. EMA is converging and all pointing up. 5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious. Possible...

forexpunter

Factors 1. Price has experienced a LT downtrend (Starting August 19) 2. Price slowly building a base with a short term resistance at 7c . 3. EMA is converging 4. There is an overhead gap at 8.3c which I would be looking to target, 10.5c if we're feeling more ambitious. Possible Reasons For Failure 1. No breakout/bullish price action at 7c to initiate trade 2....

forexpunter

Factors 1. Price has experienced a very LT downtrend 2. EMA is converging 3. Price is approaching the top of the LT downtrend line 4. There is an overhead gap at 2.2c & 2.9 which I would be looking to target. Possible Reasons For Failure 1. Base may not form 2. Prices may continue to downtrend 3. No bullish price action/candlestick pattern to initiate breakout...

forexpunter

Factors 1. Price has experienced a very LT downtrend 2. Price slowly moving out of the upper LT trendline. 3. EMA is crossing 4. There is an overhead gap at 4.7c & 5.7 which I would be looking to target. 5. Potential fundamental catalyst 6. Recent increase in volume Possible Reasons For Failure 1. Base may not form 2. Prices may continue to downtrend 3. No...

forexpunter

Factors 1. Price has experienced a LT downtrend (Starting May 19) 2. Price slowly building a base with recent price action respecting that lower and upper trendline. 3. EMA is converging 4. There is an overhead gap at $1.45 which I would be looking to target. Possible Reasons For Failure 1. No bullish price action/candlestick pattern to initiate trade 2....

forexpunter

Factors 1. Price has moved out of the LT downtrend (Starting April 19) 2. Price closed the recent gap while slowly building a base. 3. EMA is converging and slowly crossing upwards 4. There is an overhead gap at $2.10 which I would be looking to target. Possible Reasons For Failure 1. No bullish price action/candlestick pattern printed after closing the recent...

forexpunter

Factors 1. Price has broken out of the recent ST downtrend (22/05/19 - 02/01/20) 2. There is a bullish candlestick printed with decent volume where price broke the recent downtrend (02/01/20) 3. Price made a higher low of 84c (06/12/19) 4. There is a gap at $1.29 which I would be looking to target. Possible Reasons For Failure 1. Momentum may fade and continue...

forexpunter

Factors 1. Price has broken out of the recent downtrend (15/07/19 - 24/12/19) 2. There is a bullish candlestick printed where price broke the recent downtrend (24/12/19) 3. Decent volume plus strong candle on the initial breakout (24/12/19) 4. There is a gap at 8.1c which I would be looking to target. May find some resistance at 6.9c. Possible Reasons For...

forexpunter

Factors 1. Price has broken out of the recent downtrend (03/06/19 - 02/01/20) 2. There is a bullish candlestick printed where price broke the recent downtrend (02/01/20) 3. There is a gap at 5.4c which I would be looking to target. Possible Reasons For Failure 1. Momentum may fizzle and close the gap below 2. Low volume on the initial breakout 3. 13/48 EMA...

forexpunter

Factors 1. Price has broken out of the recent downtrend (31/07/19 - 31/12/19) 2. There is an 13/48 EMA cross (02/01/20) 3. Starting from 28 October 2019, there has been a short term uptrend. 4. There is a bullish pin bar printed where price broke the recent downtrend (31/12/19) 5. There is a gap at 13c which I would looking to target, there may be some resistance at 11c.

forexpunter

AUD/CHF - Daily Chart I can see that prices are currently near a key monthly level of around 0.65500. The pair has been in a heavy downtrend however price have previously reversed when reaching the 0.65500 level. There was a bullish pin bar candle when prices reached the 0.65500 level which could potentially indicate a reversal. I would not be surprised if...