Weighted Moving Average (WMA)

Moving averages visualize the average price of a financial instrument over a specified period of time. However, there are a few different types of moving averages. They typically differ in the way that different data points are weighted or given significance. A Weighted Moving Average (WMA) is similar to the simple moving average (SMA), except the WMA adds significance to more recent data points. Each point within the period is assigned a multiplier (largest multiplier for the newest data point and then descends in order) which changes the weight or significance of that particular data point. Then, just like the SMA, once a new data point is added to the beginning, the oldest data point is thrown out.

Read more about Weighted Moving Average in TradingView wiki.
FxWirePro FxWirePro PRO AUDNZD, M,
AUDNZD: Antipodean spikes after hammer but major trend still weaker
56 0 5
AUDNZD, M
Antipodean spikes after hammer but major trend still weaker

Antipodean spikes after hammer but major trend still weaker – Boundary binaries for speculation, mid-month forwards for hedging: The bulls have reacted as anticipated by FxWirePro two months ago; before we begin with this write-up please go through let's just have a glimpse on historical evidences. On the monthly chart, amid the prevailing uptrend from last two ...

FxWirePro FxWirePro PRO GBPJPY, M, Short ,
GBPJPY: Trade GBP/JPY rallies with pinch of salt
201 0 6
GBPJPY, M Short
Trade GBP/JPY rallies with pinch of salt

GBP/JPY bulls drag rallies despite shooting star but major downtrend still intact – Speculate rallies via boundary binaries with pinch of salt: GBPJPY resume bull swings to the current levels of 139.572 from yesterday’s close of 139.129 levels, attempts of bounces restrained below a stiff resistance of 140.235 levels as bearish pattern pops up which is the ...

RafaelJimenezTocino RafaelJimenezTocino EURUSD, W,
EURUSD: EURUSD - GANN FAN from 08/OCT/2007 x 1 usd
122 0 5
EURUSD, W
EURUSD - GANN FAN from 08/OCT/2007 x 1 usd

What does happened the last October, 8 - 2007 ? Here you can see a weekly chart of Eur & Usd showing a Gann Fan tool in this date at the level of 1 usd. The close price is expressed by a Weighted Moving average (48 bars/weeks and a offset of 12 bars/weeks) As you can see, the division lines 1/8 and 1/2 of Gann Fan Tool perfectly match that the trends marked as ...

FxWirePro FxWirePro PRO USDMXN, M, Short ,
USDMXN: USDMXN breaks below rising wedge support, shooting star confirms
119 0 2
USDMXN, M Short
USDMXN breaks below rising wedge support, shooting star confirms

USD/MXN breaks below rising wedge support, shooting star to substantiate - Tunnel spreads to speculate and mid-month futures for hedging: Shooting star patterns have occurred at 21.5571 and 20.8273 levels on weekly and monthly terms respectively. Ever since this bearish pattern candlestick, the bears have constantly been dipping from wedge top line, for now, ...

FxWirePro FxWirePro PRO AUDJPY, W, Short ,
AUDJPY: AUD/JPY pops up ceaseless hanging man and shooting stars
114 0 6
AUDJPY, W Short
AUD/JPY pops up ceaseless hanging man and shooting stars

AUD/JPY pops up ceaseless hanging man and shooting stars after breach of 50% Fib. Ret, bearish WMA crossover signals flurry of bearish streaks: AUDJPY pops up flurries of bearish patterns on weekly as well as monthly charts, uptrend momentum exhausted at 50% Fibonacci retracements. That is where shooting stars and hanging man patterns have occurred. As a result, ...

MarketMaven_BE MarketMaven_BE PRO XAUUSD, W, Short ,
XAUUSD: Goud week 15
59 0 3
XAUUSD, W Short
Goud week 15

We zagen een enorm mooie week voor goud en dit kwam voornamelijk door Donald Trump (uitspraken over een te dure dollar) en Noord-Korea. Hierdoor kregen we dus een toename van $34 of 2.7% in de goudprijs. Traders kochten naar hartenlust Amerikaans staatspapier waardoor de rentes daalden. Trouwe lezers weten ondertussen al dat goud en rentes tegengestelde bewegingen ...

FxWirePro FxWirePro PRO EURJPY, W, Short ,
EURJPY: EURJPY hits fresh 5-month low, lingering to break crucial supprt
118 0 8
EURJPY, W Short
EURJPY hits fresh 5-month low, lingering to break crucial supprt

EUR/JPY hits fresh 5-month lows, lingering to break crucial support upon bearish WMA crossover, major bear trend in handle formation to inverse saucer: The flurry of bearish streaks of EURJPY has now hit fresh lows of 118.0800 levels (while articulating). The pair is forming handle formation adjoining inverse saucer in the major downtrend. Please note that ...

Anbat Anbat UPLMQ, D, Long ,
UPLMQ: UPLMQ Bullish
13 0 0
UPLMQ, D Long
UPLMQ Bullish

This UPLMQ stock range for last 52 week has been from 0.16 to 8.75, now at 6.68. In my opinion, PA appears to be at a pivot point. Monday, might GAP up beginning of trading, which it has done before. Support is around $6.50 area on this daily chart. Will be looking on shorter time frames for an entry to start a call trade. Both WMA 9 & EMA 13 are close together ...

jayo888 jayo888 BRK.B, D, Long ,
BRK.B: $BRK.B maybe oversold, Support from 100 day WMA & previous high
20 0 4
BRK.B, D Long
$BRK.B maybe oversold, Support from 100 day WMA & previous high

BerkShire Hathaway maybe oversold, Support from 100 day WMA & previous high

FxWirePro FxWirePro PRO GBPAUD, W, Short ,
GBPAUD: GBP/AUD Chartpack - Technicals & Trade Setup
166 0 10
GBPAUD, W Short
GBP/AUD Chartpack - Technicals & Trade Setup

GBP/AUD bulls in major trend hover around 23.6%, Short mid-month futures as minor rallies likely to restrain below 21-WMA and EMAs: Although GBPAUD rallies have gone above 7WMAs on weekly plotting but remained well below 21WMA, for now, maximum upside potential is seen only upto stiff resistance of 1.6550 and 1.7049 levels. As you could see on the monthly ...

FxWirePro FxWirePro PRO USDZAR, M, Short ,
USDZAR: USD/ZAR Chartpack - Technicals & Trading Setup
98 0 5
USDZAR, M Short
USD/ZAR Chartpack - Technicals & Trading Setup

USD/ZAR hits multi-month lows, more bearish traction upon bearish WMA and EMA crossover with abrupt rebounds: In this edition of technical analysis of USDZAR, we’ve emphasized more on long-term prospects of USDZAR coupled with short term trend as well. The pair extend dragging price drops, the current prices have consistently been dropping below 7WMA, price ...

FxWirePro FxWirePro PRO NZDJPY, M, Short ,
NZDJPY: NZD/JPY Gravestone Doji evidences 4-month lows below 21-EMAs
84 0 10
NZDJPY, M Short
NZD/JPY Gravestone Doji evidences 4-month lows below 21-EMAs

NZD/JPY Gravestone Doji evidences 4-month lows below 21-EMAs, more slumps likely as bears retrace 38.2% Fib.Ret and bearish WMA crossover: Shooting stars & Railroad patterns appeared at the stiff resistance of 83.744 levels (see weekly chart). These bearish patterns signal weakness, as a result, the current prices have gone below 7WMA. For now, more slumps are ...

FxWirePro FxWirePro PRO NZDUSD, M, Short ,
NZDUSD: NZD/USD bulls exhausted at stiff resistance of 7 and 21-WMAs
124 0 12
NZDUSD, M Short
NZD/USD bulls exhausted at stiff resistance of 7 and 21-WMAs

NZD/USD bulls exhausted at stiff resistance of 7 and 21-WMAs, major trend still weaker – Short hedge on verge of bearish WMA crossover: The next upside target is 0.7130 (50% retracement of Feb/Mar decline). But we’ve been neutral in a 0.7130-0.7240 range for Kiwi dollar against US dollar. Next strong resistance is seen at 0.7091 levels. Bull swings restrained ...

FxWirePro FxWirePro PRO EURAUD, W, Short ,
EURAUD: EUR/AUD Chartpack - Technicals and Trading Setup
96 0 2
EURAUD, W Short
EUR/AUD Chartpack - Technicals and Trading Setup

EUR/AUD bears prop up at 7-WMA and bearish EMA crossover signal sliding prices in falling wedge – Construct tunnels spread to leverage yields: Ever since the pair tumbled from the 2015 peaks of 1.6585 to the current 1.3890 levels, you could very well observe that the price behavior has been in the form of falling wedge pattern. As the bearish swings slide ...

FxWirePro FxWirePro PRO AUDNZD, M, Long ,
AUDNZD: AUD/NZD interim bulls gain traction on bullish engulfing
145 0 11
AUDNZD, M Long
AUD/NZD interim bulls gain traction on bullish engulfing

AUD/NZD interim bulls gain traction on bullish engulfing – Long via digital calls as bullish DMA crossover to drag rallies upto channel resistance: The bulls have reacted as anticipated by FxWirePro in our recent post. The monthly chart, amid the prevailing uptrend from last two months, bulls have managed bounce above EMAs. Finally sustained the break above ...

FxWirePro FxWirePro PRO EURGBP, M, Short ,
EURGBP: More slumps on cards in EUR/GBP upon head and shoulder formation
147 0 10
EURGBP, M Short
More slumps on cards in EUR/GBP upon head and shoulder formation

More slumps on cards in EUR/GBP upon head and shoulder formation, both leading and lagging oscillators in favour of bears: EURGBP has been highly puzzling and turbulent but has been dipping especially ahead of European elections are nearing. On weekly plotting, the pair has formed head & should pattern with the head at 0.9270, 1st shoulder at 0.8725 and 2nd ...

mikebiz mikebiz NGAS, 240,
NGAS: Thoughts on using Renko Charts (cont.)
145 0 5
NGAS, 240
Thoughts on using Renko Charts (cont.)

This is based on my continued study of Renko charts. What follows are thoughts on how I would change my trading behavior and not because I've been successful making $$$ trading this strategy. Also, parts of this is original thoughts but the initial Renko strategy is based on work and ideas shared by @GcNaif. I currently have a short position in Wheat based on ...

FxWirePro FxWirePro PRO XAUUSD, D, Long ,
XAUUSD: Buy Gold only above $1245
307 0 10
XAUUSD, D Long
Buy Gold only above $1245

Major support - $1225 (21- day EMA) Major resistance - $1245 (Feb 8th high) The yellow metal is trading in narrow range between $1243.85 and $1226 for the past four trading sessions. It is currently trading around $1236. FOMC minutes meeting shows that hike can be expected in the Mar month as labor market and inflation was stronger than expected. U.S dollar ...

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