EURJPY Long/Buy Idea
waiting for a momentum candle close above 121.150 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Trendline (in blue)
3- Rejection/Support zone from Daily
Three confluences are enough to consider Buying EURJPY, after a break above 121.150 (in black)
Lifevantage got a big surge just before it was added to the Russell 3000, and then a big selloff just after. It's probably overcorrected, because it's currently sitting just below its original price from before the addition to the Russell index was announced.
Lifevantage has had bullish divergences coming in on the hourly chart for a few days, and today it broke...
USD/CAD is currently stuck in a 120 pip range (on the H4 time frame), and has been for the last month.
Seasonality would suggested that the USD should weaken (leading to a drop in USD/CAD ) in late July/early August, and begin a bearish period until October. However, we're currently seeing a strong bullish divergence momentum phase. This is significant as we can...
Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair.
US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate.
also looking at USO vs the pair, as it have been highly diverge against each other....
Hennessy Advisors is rated undervalued and high quality by S&P Capital IQ. It's profitable, but it almost always misses earnings estimates. The next report date is August 1. On purely technical grounds, I think the stock may move up ahead of earnings. It's got a big bullish divergence that formed over several weeks. The stock is up 5% today.
Well, we are on the earning day and i'm not sure if will be able to go down or not, specially that we made a bearish divergence on the 4 hours frame .. I'm not trading this but i'll see if we can go down to 134 before this week closing
AUDCHF Short-Term short Idea
waiting for a momentum break below 0.6915 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Trendline (in blue)
3- Rejection/Resistance zone 0.6950 (in green)
Three confluences are enough to consider shorting AUDCHF, after a break below 0.6915 (in black)
Target has been in a consolidation pattern since June 5th.
Bollinger bandwidth confirms consolidation.
OBV trend suggests the breakout might be upwards.
I would love to see RSI pick up some strength though.