PAYPAL - NASDAQ:PYPL ✅PUSHING ABOVE THE 200 DAY Price failed here and rolled over in Feb and Aug 2023 but this has a very different feel to it. Hoping we break well above it and then bounce off the 200 for confirmation. Lets see can we keep out head above water PUKA
My overall sentiment for Oil remains Bearish, though my midterm sentiment has been Bullish, as I think WTICOUSD needs to come back up to revisit some of the highs above 100 and face one last rejection from those levels before I will be fully convinced of oil making significantly lower lows. For the time being, Oil has dumped below last week's range but is now...
USDCAD broke above resistance a few weeks ago and has now pulled back towards the zone. If the level holds, then we could say that it has confirmed it as new Support. The 200 SMA is also here now, which may provide further support for this level. If this level proves itself to be bullish, I'd expect USDCAD to make its way up to about 1.39-1.40 during the...
XAU/USD Short Trading Opportunity 1. The price is below Trend Magic Indicator. 2. The price close under 200-MA 3. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line TP - 1890 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
GBP/USD Short Trading Opportunity 1. The price is below Trend Magic Indicator. 2. US Dollar Index DXY yesterday broke the level and the uptrend continues. 3. RSI indicates more downtrend power. 4. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line TP1 - on the 200-SMA TP2 - 1.2320 Keep...
EUR/USD reversed its direction and fell below 1.0800, reaching 1.0775, the lowest level in a week and closed under 200-SMA. Following an initial negative reaction to NFP data, the US Dollar experienced a significant rally and is maintaining its strength towards the end of the week. WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL The price...
This double top on MSFT screams downside for the Stock Market in August, don't it? July 31st 2023. Levels = From 335 down to 320 316 off 21 SMA. 21 SMA bounce right here??
100SMA will soon cross above the 200SMA. The trend has been lovely last week. GOOGL finally broke out. My biggest LT position, right after cash.
In this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some...
The 200-SMA of a weekly chart is probably the main indicator of a secular bull market. It's almost never breakdown, except if a crash happens, and then prices usually come back quickly to the uptrend. Or, the other situation, when an extended bear market begins, and in that case, prices will remain under this MA for a while and the battle around it lasts...
Hey everyone waaaSUP, so here is another idea on the DXY. 1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00 This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump. There...
I'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and...
Summary: Main bearish trend (dotted teal downtrend line) Reversal attempt in progress (purple uptrend line) 200-SMA breakout in jan-2023 Failure to continue the breakout (failed bull flag - orange lines) Arrow #3 as a good entry option for a bear trade. Possible beginning of a new bearish leg, aligned with the main trend Possibility to...
BTC is sitting at a confluence zone of the 200 SMA and 1.13 Bullish Shark PCZ while showing heavy amounts of MACD Bullish Divergence; If this area holds i think BTC could go up to target the 2.618 Fibonacci Extension at $27,275.50. If it fails to hold above this level of confluence then it will likely flush down to an 88.6% retrace below
Good day. Looking at the bullish momentum it would be hard to bet against the trend right now. Being above the 200 sma, LuxAlgo printing 'B' and the Hash Ribbons printing 'B'. However good healthy pullbacks are expected if the 200 sma can manage to hold as support. NFA
It's been 380 days of nothing but blue skies and uptrends for the US Dollar. However, starting in September the character of this uptrend started to shift shapes with large range down days and a series of lower highs. Now here we find ourselves 9% from highs and breaking below the 200SMA for the first time in over a year. What's your bet — the best days for...
A possible new move could be near. 2CRZ bounces between support and resistance zones for time being. 200SMA on 1hr near the resistance zone. Break above this zone and 200sma have an excellent chance to trigger the next move up. Bellow our support zone we have one more significant level at 0.00282-0.00283 that has held strong 2 tests in the last week. I'm planning...
With BTC below the monthly 50SMA and now below the 100SMA and moving towards a cross below the 200SMA on the weekly, it could point to a downward movement. I will be watching this closely in the next month or two.