still see a bullish move in GBP/USD 👉
The current correction looks pretty weak compared the the previous impulse.
Price seems to find its bottom right at the key-support-area and has shown more multiple fakeouts to the downside.
Additionally we see that the market begins to accept higher prices and...
Volume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security.
Volume analysis can help to confirm the existence,...
CB's are stepping to stop the bleeding the question is can they really do it. Right now the fears of Coronavirus are finally making sense with the VIX and officials being forced 2 take any emergency actions to mitigate risks of a run away pandemic. However if any further news drops about potential risk to leadership we can be back at lows in moments. 2018 lows...
on H4: GOLD is overall bearish trading inside our blue channel.
GOLD is sitting now around our upper blue trendline so we will be looking for trend-following sell setups.
we are waiting for a candle close below our last swing (gray zone) to sell this one.
I will personally take this EUR/USD trade now as I have a higher risk-aversion. Looking at SPX500 I see lots of buyers stacking here and so a chance of a breakout soon.
DXY is a t a key-resistance while EUR/USD is at a key-support-level. To me nice confluence and potential ROSK-ON in the market.
As this trade is risky because I hold it...
BTC.Dominance and BTC / USDT (Binance)
the current state of correlation between Bitcoin and its dominance chart is very tense and I expect a significant market movement soon.
I will start with the BTC.Dominance chart, where I follow the pattern (bullish pennant), from which we expect the impulse to move upwards. In practice, this could mean a shot towards an...
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy...
Seeing these similarities allows one to assess the markets in depth.
Which instrument leads and moves first? I don't know
But my guess would be-the dollar moves first, as it is the dollars fundamental flows that that determine investors interest in gold, which is a safe haven asset but not an assets in the usual sense. One...
We are going to short EURUSD based on:
1) EMA 200 that works like a resistance
2) The price is in a critical area that used to be
support and then resistance
3) Price action on lower timeframe (indecision candlesticks)
4)Correlation - DXY chart is gaining power, that mean USD is getting stronger,
as a result EURUSD is going down ! ! !
currently we see more risk-off in the stock-market shown by a strong orderflow in the SPX500.
More risk-off would mean more demand in US-DOLLAR and so pressure for GOLD (XAU/USD).
Additionally Gold struggles to breka through the resistance-zone and shows more and more supply at that point.
A 5th-Wave would complete the entire wave-pattern...