DXY is moving sideways near the major support at 104 - 105.
Price action broke out of the descending channel, and it's decelerating while approaching the support.
We can see a double bottom and divergence.
We expect the resistance to be tested.
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Today’s content:
1. Why each exit is within 3 months?
2. Why I turn from investing to trading the US markets since Jan 2022 and onwards
If you have been following, today’s is the 6th tutorial in our Trading Series:
1. “The buy strategy”
2. “The sell strategy”
3. “Developing long & short-term view”
4. “Choosing between the time frame”
5. “The entry”
6. “The...
The dust is beginning to settle after the Bank of Japan's stunning move earlier this week. At its policy meeting, the BoJ widened the yield curve on long-term bonds from 0.25% to 0.50%. The move blindsided the markets, which had anticipated a ho-hum BoJ meeting with no changes in policy. The announcement sent USD/JPY tumbling by over 500 points and has raised...
The Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it...
The chart explains itself. The market is currently dire, but things will likely turn around in 2023.
Ever since it's inception, Bitcoin has only seen three red years. The last two red years we had were followed up by three green years.
Yes, the macro looks different now than previously. However, I think we can be reasonably certain that 2023 is going to end up...
Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas.
Hope you will enjoy this Christmas Theme Idea.
After breaking the 🎄 Christmas Tree neckline downward (30k zone), 🎅Santa Clause has been heading South to grab the 🎁 gifts from the demand zone 10,000 - 12,000 in green.
📉 BTC has been and would be overall bearish as long as...
Stay-tune for my coming video version shortly, I will explain more.
E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $5
1 point = $20
10 points = $200
100 points = $2,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every...
There's only one trading strategy, one way to trade and +inf number of ways (most of them are senseless) to model it & play around it.
How & why prices move is not a mathematical principle that can be explained with a set of logic.
It's the set of logical principles that can be modeled with mathematics.
These mathematical aka quantitative ways are numerous and...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
2022 has not been the best year for cryptocurrencies. Infact, many popular news outlets are proclaiming that 2022 was...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
One of the biggest issue a trader has is none other than procrastination.
• They doubt their trades – so they don’t take them.
• They skip a trading day – so they miss opportunities.
• They don’t monitor their results on a weekly or bi-monthly basis- so they can’ track their performance.
Initially, I thought it was because of a lack of confidence. But to be...
December - known as a bullish month very clearly appears to be in a downtrend now much to the dismay of calendar dreamers.
Although it is very common for December to be bullish that doesn't factor in whether the trend is in a bull or bear market and back in 2018 ES lost 17% in December alone!
Since October ES has been locked in an ascending channel which can...
Gold breaks through the resistance and moves into a new range
1) Yesterday's daily candlestick closes above 1804, which indicates a bullish outperformance
2) The daily candlestick closes near its daily high, and also near the next resistance level, 1824.
3) The price is in the new range of 1824-1804. On a retest of the resistance, there could be a breakout and...
Introduction
News and economic events can have a significant impact on the performance of trading indicators. While indicators are based on past price action and are designed to help traders make informed decisions about when to buy or sell a security, they do not always accurately reflect the impact of current events on the market. It's important for traders to...
Since our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, which is down more than 91% from its all-time high value in 2021. With many structural problems in the cryptocurrency market, we doubt the stock will reverse the primary downtrend anytime soon. Thus, after the...
USDJPY: BOJ Pushed The Price Down Further
From the previous analysis, the price reached our targets.
The BOJ pushed the entire market down and this time in the right direction by showing its teeth.
"BOJ keeps rates at record lows but widens yield curve's range of control"
After a small correction, I expect the price to drop again.
Targets:
🎯 132.10
🎯...
Primary Chart: TSLA's Downtrend Shown by Parallel Channel, Anchored VWAP from Sept. 21, 2022, Key Support / Resistance Levels
SUMMARY:
TLSA remains in a steep downtrend at the primary degree of trend.
The selling is not likely to be complete on longer time frames.
A countertrend bounce may take TSLA's price up to the following targets: $155-158...
