Sentences with phrase «key area of resistance»

Not exact matches

After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January high.

In the near - term, $ 437 is a big area of support on the downside, while $ 455 is a key resistance point.

This algorithm identifies key areas of supply (resistance) and demand (support).

Price surged higher last week in the GBPUSD and as with the EURUSD, this pair is approaching / in the midst of a key long - term resistance area, but we certainly could see more upside given the strength of the uptrend that's under way and the resistance zone is quite large from about 1.4200 — 1.5000.

The interesting thing is that the other three key components of any electric car — weight, aerodynamic drag and rolling resistance — are areas sports car manufacturers, and us in particular, are really good at mastering.»

There's plenty of room for price to move higher before key resistance comes back in up near 1.2520 area, so we are again looking to buy this week.

In the above chart, not only could have we traded the pin bar sell signal from the key resistance level / event area, but on the subsequent test of that event area, we could have taken what I call a «blind entry» at the event area.

As price retraced back to this area in mid-January of 2014, we would have already had this key resistance / event area drawn in on our charts and our attention would have been focused on it as price drew closer.

We are watching the key support area between 1.2160 — 1.2140 this week to get long and ride the market back up to the higher side of the range near 1.2540 key resistance.

Here are a few simple rules to follow that will vastly improve your ability to identify key areas of support or resistance.

Price surged higher last week in the GBPUSD and as with the EURUSD, this pair is approaching / in the midst of a key long - term resistance area, but we certainly could see more upside given the strength of the uptrend that's under way and the resistance zone is quite large from about 1.4200 — 1.5000.

In the near - term, $ 437 is a big area of support on the downside, while $ 455 is a key resistance point.