- Creating new higher highs and higher lows - Weak CAD - Cross of 50/200MA - Pullback to 0.786 FIB and 50MA for entry
Contract - CME_MINI:NQU2020 - High - 11028.50 - Low - 10935.00 Current Stats - Gap: 0.34% - Session Open ATR: 298.63 - Volume: 52k - Long-term (Daily) Trend: Bullish (Short-term bearish) Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance....
At first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden...
Good Day Traders! By now you have probably realized that EurUsd has been trading within channel for the past few weeks. At present price is retesting the bottom of the channel along with previous support. Many Buyers will be looking at this as an opportunity especially since it is near the 200 simple moving average. However, i am not convinced that the price of...
I'm a huge believer in what the 50 and 200 MA's can do. I've bee trading solely on those MA's on Crypto (LTCUSD and ZECUSD) All weekend with huge success. We're in the middle ground on SPX. I know my chart isn't fancy, but on Friday the 4 hr 200 MA Rejected price. Yeah, it went a little lower to a support level, but they both acted as the same) I'm going to assume...
Contract - CME_MINI:NQU2020 - High - 12331.50 - Low - 112314.50 Current Stats - Gap: N/A - Session Open ATR: 200.98 - Volume: 29k - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Hi Traders! The market is in a Longterm Downtrend (weekly). This time, instead of beginning with the daily timeframe, we'll begin with the weekly timeframe. Here is it: Here you can see three main areas, which affects the market bearish : The weekly Resistance, the weekly descending Trendline and the 200 Exponential Moving Average. ]/list} You see,...
Evening Traders, Today’s Analysis – RLCBTC- in strong uptrend breaking daily S/R. A retest of the level will allow for a long. Points to consider, - Immediate trend bullish - Daily support confluence (.618 Fibonacci & 200MA) - Swing high (immediate target) - RSI above 50 - Stochastics flat - Volume declining RLCBTC’s trend has been establishing...
I sketched a poor trendline for positive scenario,If it is respected - and next 2-3 daily candles will close above, Stoch and MACD turn back. We are propably right way to next price targed more than ~12,150$. But i would like to see some consolidation between current price channel, predicted with higher lows, to take a rest, and form greater triangle (to break...
Contract - CME_MINI:NQU2020 - High - 10945.50 - Low - 10919.75 Current Stats - Gap: N/A - Session Open ATR: 232.19 - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your...
As i mentioned we retest ~10540$ support line, but.. that was pretty interesting, we printed one day candle with 2 weaks close to perfectly between lvl ~10540$ and ~12150$. (For me next price channel-white lines) , and the price will deal with it. Next move will propably test ~10.950 (22:35, im late? yeah im late) because RSI have downward position from overvalued...
It appears GBPJPY enjoyed hiding in this channel just above the 200 MA. It is the second attempt to break this moving average. Consolidation near the level usually favours the breakout, so there is a probability that it will succeed this time and move higher. But daily chart structure is in its path. Al - the channel, the daily level, the round levels near the...
Contract - CME_MINI:NQU2020 - High - 11263.50 - Low - 11248.25 Current Stats - Gap: N/A - Session Open ATR: 229.63 - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your...
- Lower highs - Rejection of trendline, 200MA and 0.382 FIB - Failed to close above 50MA on the daily
NZDJPY is one foot on the path to strong daily resistance (dark blue). It stopped there twice and it also respected the level in history. Let us see what it does. I would like a little bearish Monday opening to get a good price and kickstart the upwards move mid-through the day. Pinbar makes it unlikely to get 50 EMA price, but on an intraday basis, a good long...
EURUSD as a major pair led to a rejection of EUR on a very long trendline. EUR became bearish on a lot of pairs EURAUD included. What is particularly exciting on EURAUD is the fact that this is the place where 200 MA daily meets low volume area. There were 5 previous rejections from this level in the past 30 days and two of them were in the recent days coming to...
- Rejection of 0.382 FIB on both 1hr & 4hr - Rejection of 200MA on 4hr
Evening Traders, Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade. Points to consider, - Trend higher high - S/R Flip Retest (Local Support) - Immediate target (Weekly Resistance) - Oscillators above 50 - Noticeable volume influx LTCBTC has established a technical higher high, early signs of a trend change...