As you can see on the chart, Moving Averages and Exponential Moving Averages can play a significant role in determining support and resistance areas. This is multiplied further when there are two or more MA/EMAs at the same price level, and these can make for great validation levels; "If price closes above these 3 MAs, look for long entries on lower timeframes"...
Hi pros! there is a confluence of resistance which where rejected by the price CR is composed of: -up trendline -down trendline -horizontal resistance -0.618 fibonacci There is a very high probablity for price to fall again and possibly continue the downtrend Let's short this market aiming for a lower low
4 Confirmations: - Predominantly above my control line (pivot line in channel) - Broke through downwards trend line - Broke through high of my channel - RSI & Stochastic still point up!
Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is...
Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair Technical analysis: we have a break of...
EURCHF is at a major multi-year historical lows/support, along with a meaningful confluence of support. Will be on the lookout for longs. For the Risk-takers one could consider getting in long now with the patience to hold. OR For the more risk-averse, first wait for signs of strength from the bulls before getting in long. As for me I'm more inclined to...
Although US fundamental activity has been progressively bullish, the pandemic outbreak of the coronavirus has had an effect on economies conditions, which can also deter attention from further progress talks between US and China. On a technical standpoint, confluences are pointing towards a more extensive push on gold prices to $1581 before a potential...
EURNZD is current at a resistance zone at psychological level 1.71000. This zone is confluent with the 61.8%. Entering short a at 1.71000 with TP 1 @ 1.70000 & TP 2 @ 1.69000. I am not a financial advisor. This is not financial advise. This is for educational purposes only.
So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is...
I love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown...
Confluence factors · Retested major support · Broke 2 resistance levels · Broke trendline · Resistance turned support and is on fibonacci 38%
We have several patterns here in the zone: Cypher, Bat, ABCD
EURJPY Potential Reversal we are waiting for a momentum candle close below 122.480 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Objective Wedge Pattern (in red) 3- Resistance Zone from H4 and Daily (in blue) Three confluences are enough to consider Selling EURJPY , after a break below 122.480 (in gray)
Gold miners have been consolidating for the last six months and now the Market Vectors Gold Miner ETF is bouncing at a potentially key level. GDX peaked around $28 between late October and mid-December. It then broke out and has now pulled back to find support at the old resistance. There's also some confluence with the 50- and 100-day simple moving averages...
Price has respected the downward resistance level since early December and has also the horizontal support which has had 1 break out but broke back in within 1 candle. I predict price will break support and fall where the 2 resistance lines cross.
We are still in a bearish trend as we are heading to and past the order block into the Liquidity Zone giving us almost 100 pips with a 2:1 ratio.
Chart says it all. Huge upside potential. Only thing to be weary of is falling back into the orange descending wedge. Right now I'm looking for a doji to form on the current candle and a bounce off of the orange wedge. When this wedge holds we will know the bottom for BTC in for this cycle. I hope you've been accumulating...
both scripts have shown great results across the 3 day bitcoin chart but what makes this last move favorable long term is: 3day 200ma below price ScriptA cloud thinning about to produce a long 'L' signal Parasar now below price 7ema and 14ema have crossed above scriptA cloud ScriptB is already a buy signal ^^^ would be a brutal bull trap to create these signals...