The EUR/USD continues to print bearish price action after forming a peak around 1.10. The EUR/USD’s retreat has been aided by a general risk off tone across the markets, which is supporting the dollar and undermining risk-sensitive currency pairs.
On Thursday, the EUR/USD attempted to break out of its recent consolidation range by moving above 1.0780. But that...
Hi everyone!
There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart.
I hope it can be useful to someone anyway...
...trade with care! 👍
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank...
We made a case that the dollar was at or near oversold levels, and momentum has now turned higher. With hawkish Fed members out in force and a US inflation report pending, let's update a few of our trade ideas around the dollar.
Amazon.com tried to rally a week ago. It proceeded to fall on weak quarterly results, leaving some potentially difficult patterns on the daily chart.
First, the single candlestick on February 2 was isolated above the other recent prices. That is sometimes known as a bearish “abandoned baby” -- essentially a failed breakout.
The location of the candlestick is...
WTI Oil is trading inside a Channel Down since late July, completing 6 months of a structured downtrend.
Every technical decline has been following a similar pattern, dropping -22% and -25% respectively.
Right now the price is on the last counter trend rise before the final decline starts.
Trading Plan:
1. Sell on the spot as every MA100 1D rejection has been...
Charts first: 258.78 is double support we can count on, structure is quite strong.
313 will be our main target for 2023 and it could come fast as the news are Huge:
Microsoft has announced a new version of its search engine Bing, which incorporates the latest in artificial intelligence.
The overhaul deploys OpenAI's ChatGPT technology, which has taken the...
Hey everyone! 👋
Bull markets are a time of optimism and growth, and they can be a great opportunity for making substantial gains. However, it's important to remember that bull markets don't last forever, and it's crucial to approach them with a healthy dose of caution while keeping your eye on your long-term goals. 🙂
Here are a few things to keep in mind when...
Interest rates and USD strength are positively correlated.
An increase in US interest rates will typically result in a strengthening of the USD.
The reason is...
Foreign investors tend to flock to US assets, such as bonds and fixed bank rates for higher returns.
Higher demand for US assets drives up their price, and as a result, the USD strengthens.
As for...
Two weeks ago the S&P500 index (SPX) closed above its 1W MA50 (blue trend-line) for the first time since the week of April 04 2022. Last week it tested the 1W MA50 as a Support, successfully held it and rebounded. If it wasn't for the rejection just below the 1W MA100, we would talk about the perfect break-out.
Still however this is a nearly perfect recovery:
a)...
With the Launch of NFTs on the Bitcoin chain by Ordinals last month, the community is divided on what this means for Bitcoin as a chain and its future.
NFT's have been a mainstay on several blockchains for years now, but until now their prevalence on the Bitcoin chain was understated. With the launch of the project Ordinal Protocol, that's changing.
What is...
Hello TradingView :)
ITs been a minute since I was active in the community.
Last post I made was last year in June 2022. Many things have happened that lead to my away and absence from the community, social media and more.
I took a much needed break from being infront of the screen, camera and people. IT has been a good time to spend with family.
But, after...
After last week's volatility & jam-packed eocnomic calendar, cross-asset volatility has surged, as traders rip up their views and reassess where we stand, and how central banks may react
Plenty for Michael Brown & Ryan Littlestone to discuss and debate,
So, I love backtesting. Recently I've found my self in a 3% drawdown and needed to figure out what the cause of it was and trading at this moment won't give me that answer.
So, I decided to backtest.
Here is what I found:
1. I'm overtrading my system
I am a proud swing trader who got back into scalping the market in December 2022. It was mot my idea, but I...
DJIA daily is still in its symmetrical triangle and just can't move up or down from it. 8, 20, and 50 days MA are coiling on the same levels and will produce a major move in the one direction. Breakout or down should be strong and fast. It is very close to the end of the triangle but it seems it is more bearish than bullish. Just the fact it can't move away from...
Investment confirms how the Silicon Valley giants are ready to do battle over what is believed to be the new frontier of technology.
Google (NASDAQ:{{6369|GOOGL}}) is challenging Microsoft (NASDAQ:{{252|MSFT}}) and launching Bard, the rival to ChatGPT, the OpenAI application on which the Redmond giant has bet billions of dollars. The introduction of Bard, the...
Bitcoin price action analysis , support/resistance levels and potential scenarios for the coming week.
Question about a stock or alt coin? Just ask in the chat.
SPX Monthly Log Scale:
-Despite last years 28% decline, the defining uptrends remain intact. In my view, the A1-B1 trendline best defines the bull market but decent arguments can also be made for C-D. A test of C-D would require that the market decline roughly 30% from the most recent close.
- In the absence of overtly bearish behaviors and with the primary...
