Tag Archives: technical analysis

Light Crude (CL1, Weekly) – Is there a reversal in crude or just a correction in downtrend?

Mr Hawk/ January 7, 2019/ Chart Of The Day, Charts Posts, Trade Idea, Trade Ideas Posts/ 0 comments

The first week of the year crude made an impressive come back although it did not manage to close above the key $50 level. Oil seems to be oversold and some short covering was necessary. The engulfing pattern on the weekly chart is a hint of possible reversal. Also MACD histogram is signalling weakening momentum as there is a hope

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EURJPY (Monthly) – Are we going to see 115?

Mr Hawk/ January 5, 2019/ Chart Of The Day, Charts Posts, Trade Idea, Trade Ideas Posts, Weekly Charts/ 0 comments

The JPY begins 2019 with a boost as negative sentiment dominates the markets but from the perspective of this high TF (monthly chart) we would avoid the price chasing and would prefer to fade the rally towards the 127.50-ish. Should you have any questions feel free to contact us anytime.Good luck Champs!Mr Hawk DISCLAIMER: This material was created for informational

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DAX (Weekly) – Towards 5000 but is it possible?

Mr Hawk/ January 4, 2019/ Chart Of The Day, Charts Posts, Trade Idea, Trade Ideas Posts, Weekly Charts/ 0 comments

We are done with small H&S formation but what about the “Monster” one? For now we may see some continuation to the downside towards 9500/9000 followed with some kind of bounce/rally. And that might be the rally that will create the right shoulder. Bear in mind that we are looking at weekly chart, so it is going to take some

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Jan 9, 2017 – Weekly Tech Overview: Natural Gas (Update)

Mr Price Action/ January 8, 2017/ Weekly Charts/ 0 comments

Hi,Week 25 ( of the last year 🙂 ) we started with bullish call on NAT  GAS ( you can chek it here ), then on 10th of October 2016 another call has been made and we took partial profit ( full explanation here ).  And here we go with another NAT GAS update… We don’t like the price action within last few

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