📈 AUDCAD Long Opportunity: Waiting for ConfirmationHello fellow traders,
Today, we're keeping a close eye on a potential long opportunity in the FX:AUDCAD currency pair. Let's dive into the analysis:
📈 Upward Trend: The overall trend for this pair is in an upward direction, and it has been moving within an ascending parallel channel.
🛠️ Support Break: However, a noteworthy event has occurred - the support within the parallel channel has been breached.
📉 Lower Lows: Prior to the support break, AUDCAD was forming lower lows, signaling a potential shift.
🤔 Assessing the Situation: Now, there's a support level beneath the ascending channel, creating a possibility for a fakeout before a potential upward move.
❗ Caution: It's essential to acknowledge the risk involved. There's only a limited chance of success as this level has been previously tested.
💡 Wait for Confirmation: We should exercise patience and await a confirmation candle before making a decision. This is a critical step in risk management.
📌 Stay Informed: I'll keep you posted on whether it's a viable entry or not once we have the confirmation candle. Stay tuned!
Until we meet again, trade wisely.
Thanks & regards,
Alpha Trading Station 🌟
Marketinsights
🚀 BTCUSD #Bullish Signs: Prepping for Lift-Off? 🚀Understanding the BTCUSD Market (#Bitstamp) - Date: September 12, 2023, 22:47
The Big Picture:
Hey there! I've been looking into the BTC market, and I've found some interesting things. Before we dive deep, here's a quick summary: BTC's buying and selling activity is quite calm right now, but other signs suggest some upward energy. Let's break it down.
How Busy is the Market?
There aren’t many BTC trades happening right now. When the market is quiet like this, sudden spikes in buying or selling can shift prices quickly. So, keep an eye out!
Checking the Market's Pulse with Moving Averages:
Short-term (MA50 at 25,822.5): This tells us how BTC has been doing over the last 50 days. Right now, it's showing some positive vibes, but it's being a bit shy about aiming higher.
Mid-term (EMA144 at 26,379.7): BTC's price is playing it cool below this level. If it breaks past this, it's a good sign!
Long-term (MA200): Seems there's a mix-up with this number. Just a reminder to always double-check data!
Are We Overdoing It or Taking It Easy? (RSI):
The RSI tells us if BTC is being traded too much or too little. Right now, it's chill, not too high or low, hinting that there's still some room to grow.
Feeling the Market's Energy (MACD):
The MACD is like our market mood ring. Currently, it's glowing with a positive vibe, suggesting that BTC might want to dance upwards.
Setting Targets with Fibonacci:
Imagine if the market had steps it liked to climb or descend. That's what the Fibonacci levels help us with:
If BTC decides to go on a hike, first it will aim for 26,396.2. Past that, the next steps are 27,437.4 and then 28,279.
But if BTC wants to take a break and rest, the 25,822.5 step (our MA50) might be where it chills.
Here’s My Game Plan:
If we're hoping for a profit, we should aim for 26,396.2, then 27,437.4, and then 28,279. But if things don't go our way, consider stopping around 25,500 to avoid more dips.
A Final Note:
Even though things look promising for BTC right now, the crypto world can be full of surprises. Always stay updated with the latest news, and remember: knowledge is your best tool in this game.
🌟 Found this breakdown helpful? Join our community for more insights and elevate your trading game! ✅ #TradeWithConfidence
Happy trading! 🚀
Candlestick Strength Unveiled: Accurate Assessment Techniques 🕯
In the realm of financial markets, candlestick patterns serve as invaluable tools for traders seeking insights into price movements. Yet, not all candlesticks are created equal. Understanding how to measure the strength of a candlestick is paramount to distinguishing between reliable signals and false alarms. This article unveils techniques for accurately gauging the strength of candlesticks, ensuring you make informed trading decisions.
Decoding Candlestick Strength
Candlestick strength is a reflection of the conviction behind price moves, highlighting whether the momentum is robust or fragile. Several factors contribute to assessing this strength:
1.Body Size: The size of the candlestick body relative to previous candles provides insight into market sentiment. A larger body signifies stronger conviction, indicating potential trend continuation or reversal.
2.Candlestick Shadows (Wicks/Tails): The length of shadows compared to the body reveals the battle between bulls and bears. Longer shadows imply higher volatility and uncertainty, potentially weakening the candle's significance.
3.Volume: Trading volume accompanying a candlestick provides clues about market participation. Higher volume validates stronger moves, while low volume suggests caution.
Examples
Strong Bullish Candlestick:
Weak Bearish Candlestick:
Doji Candlestick:
Techniques to Evaluate Strength
1.Comparative Analysis: Compare the current candlestick with previous ones to assess its size, shadows, and volume in relation to the broader trend.
2.Support and Resistance: Analyze the candlestick's position concerning key support and resistance levels. A strong candlestick breaking through a significant level enhances its strength.
3.Confirmation Signals: Look for additional indicators like moving averages or trendlines supporting the candlestick's strength, boosting your confidence in its signal.
Mastering the art of measuring candlestick strength empowers traders to decipher the market's underlying dynamics with precision. By incorporating body size, shadows, volume, and supplementary factors into your analysis, you'll be equipped to separate potent signals from noise, enhancing your trading strategy.
With these techniques, you'll be navigating the markets armed with a deep understanding of candlestick strength – a vital skill for successful trading. 📈🔍💪
What do you want to learn in the next post?
📈 Unleash the Power of the Node Squeeze IndicatorThe Node Squeeze Indicator is a robust tool designed to help traders identify significant market moves in advance. By leveraging a combination of Bollinger Bands, Keltner Channels, and the Squeeze Momentum Indicator (SMI), this indicator effectively highlights periods of low volatility followed by high volatility expansion. In this post, we'll explore the key features of the Node Squeeze Indicator and how it can enhance your trading decisions across various styles and timeframes. #TradingView #NodeSqueezeIndicator #MarketInsights
Identifying Low Volatility and Anticipating Breakouts:
During the consolidation phase, the Node Squeeze Indicator plots a narrow band, indicating reduced price volatility. This period often acts as a precursor to a breakout or a major move in the market. By recognizing these moments of low volatility, traders can position themselves ahead of the crowd and anticipate potential explosive price action. 💥📉📈 #Volatility #Breakouts
Versatility and Customization:
One of the strengths of the Node Squeeze Indicator lies in its versatility and customizable parameters. Traders can tailor the indicator's settings to suit their preferred analysis approach and trading style. Whether you're a swing trader, day trader, or long-term investor, the Node Squeeze Indicator can adapt to your needs and provide valuable insights into market turning points and potential trend reversals. 🔄✏️ #Customization #TradingStyles
Enhancing Trading Decisions:
With its clear visual cues and combination of powerful indicators, the Node Squeeze Indicator equips traders with a comprehensive tool for making informed trading decisions. By using this indicator alongside other technical analysis techniques, you can validate signals and improve the accuracy of your predictions. However, it's important to remember that the Node Squeeze Indicator is not a standalone strategy or financial advice. 📊🔍✅ #TechnicalAnalysis #TradingDecisions
Risk Management and Analysis:
While the Node Squeeze Indicator can offer valuable insights, it's crucial to combine it with other indicators, analysis techniques, and risk management strategies. It's recommended to perform your own analysis and consider other factors, such as fundamental analysis, market sentiment, and economic news, to make well-rounded trading decisions. 📝💼🔒 #RiskManagement #Analysis
The Node Squeeze Indicator is a powerful tool that empowers traders to identify major market moves before they happen. By combining Bollinger Bands, Keltner Channels, and the Squeeze Momentum Indicator (SMI), it effectively highlights periods of low volatility and subsequent high volatility expansion. Regardless of your preferred trading style or timeframe, the Node Squeeze Indicator can enhance your trading decisions and improve overall performance. However, it should always be used in conjunction with other indicators and analysis techniques, and traders must exercise proper risk management. Unlock the power of the Node Squeeze Indicator and stay ahead of the markets with this comprehensive and intuitive trading tool. 🚀💪📈 #TradingTool #NodeSqueeze #MarketPerformance #TradingView
PULLBACK ZONE FOR SHORT DIRECTION ENTRY - SFTBY - SOFTBANK - 4HThank you for the like, comments and shares! Much appreciated! This is not financial advise, just ideas on probable market evolution.
________________________________________________________________
The trend has probably changed as the very strong blue up trending line has been frankly and strongly broken.
The price is now evolving under the bearish channel. This might be a sign that the bearish action is possibly still going on.
We see an horizontal zone emerging, showing a potential pullback zone and good entry for a short direction positions.
The black line can possibly be the target price as it is an historical center of gravity like price.
A probable idea would be to wait for pullback and get a short entry, and, as we approach the black horizontal line, we lower our position weight by taking profits.
probably good to lower exposition if having already bought up there.. it probably can become worse.
PS.:
Hope is there, because following fundamental analysis, we can see that SoftBank is pretty active and doing very strategic investments. Are the latest's SoftBank investments to be copied to improve portfolio experience ? Robotics, Communications, Uber.... etc..
Is the black line the best place to enter from for a long direction entry and for long time ? (with the probability that in the near future the price of SoftBank stock will rise to record numbers)
ORBEX: EURUSD and AUDUSD Reach Critical Intersection!The Coronavirus keeps spreading, weakening Aussie despite the upbeat jobs numbers as markets take a less risky approach to the heightening threat.
Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Now both are corrective and at a trendline low!
Pound, on the other hand, does relatively well as rate cut expectations diminish! Will it continue long? Well, PMIs could tell...
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Keep and Eye on Coronavirus & Today's BOC!Markets remained somewhat muted at the start of the impeachment trial despite Trump’s talk at Davos as concerns around the deadly coronavirus mounted. It’s going to affect Asian economies for sure due to weakening consumer spending unless if it will be contained asap, and perhaps the emerging markets too.
In Europe, German and UK macros were seen increasing risk appetite, however, with ECB and #Brexit on the spotlight we could see participants take on a cautious approach on euro and pound now and shift their focus on today’s BOC policy decision.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Equities Continue Recording All-Time Highs!US Retails Sales, corporate earnings and now Chinese consumer data add on to the equities rally!
Despite US equities having reached overbought levels, phase one seems to be working well on global #indices.
All eyes will turn to Davos this week, central banks' decisions and also the widely anticipate Trump’s impeachment trial.
Let’s see how equities will pan out.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: With US-China Done, All Eyes on Brexit Now!The US and China signed a partial deal yesterday, putting a temporary stop to global uncertainty! Without that being the end of the trade war, at least we can now wait and see if China respects the signed terms over the next few months...
Are emerging markets affected by the fresh rhetoric since China is supported, or should we just focus on monetary policy, particularly in South Africa today?
Market participants will now look at the EU and UK for a resolution on the Brexit front. Will the House of Lords prevent a January exit? And how will the EC react about an 11-month transition if they won't?
Watch our analyses on euro-pound and the SA rand!
Timestamp
EURGBP 8H 02:15
USDZAR 8H 04:45
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Look at SPX Volumes for Further Clues!Despite the US-China phase one trade deal supporting equities the upside could be minimized if priced in already since as indices have been moving up since the December truce!
Geopolitics suggest more strength, however, technicals indicate otherwise! Will corporate earnings trigger a shift from a macro perspective? Well, either that or weaker US inflation data!
It seems that equities hang on earnings and inflation, whereas the US index only on inflation data.
Timestamps
SPX 8H 01:30
DXY 8H 04:25
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: EU/UK Free-Trade Agreement Under ThreatWith US-Iran de-escalation traders shift their focus on Brexit talks and safe-haven outflows!
The new EC President threw doubt into a free-trade agreement in her visit in the UK to initiate talks. And this could have a reversal effect on the uncertainty we saw removed over the past few weeks.
Watch me analyze GBPNZD and CADJPY for further technical insights and as I apply Elliott waves.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Gold & Oil Soar on Iran's Military Retaliation!Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer.
Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq.
Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz.
Watch our analyses for further technical insights and as we apply Elliott waves.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: FX Majors Remain Bid int he New Year! Will It Last?The FX majors stretched into 2020 firm, spelling a strong term against a weaker #dollar!
Will this continue being the case though when uncertainty around #tradewar and #Brexit remain elevated?
Take a peek at our #elliottwave analysis for some technical insight at least.
Timestamps
EURUSD 1H 01:45
USDJPY 1H 03:30
GBPUSD 1H 05:50
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Equities Rally Continues But Risks Remain Elevated!Equities and the US Index hit the levels we expected last week, however, participants remain encouraged on “phase one” and Brexit conclusions.
Will the rally keep on in 2020 or have investors really misplaced the recent concessions?
The risk of deteriorating relations remains elevated in our opinion!
Timestamp
DXY 4H 00:20
SPX 4H 02:45
NASDAQ 4H 04:55
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Risk Up on LOWER TARIFFS As China Announces Import Cuts!China announced they will be lowering tariffs on a number of items come January 1st, making markets looking more festive ahead of Christmas!
Aussie and Kiwi took the headlines with a positive tone, however, Cable kept entering lower territories on the back on post-election no-deal fears! Will the Santa rally continue?
Have a look at our Elliott Wave analysis for further clues!
Timestamp
AUDUSD 2H 01:15
NZDUSD 2H 04:10
GBPUSD 2H 06:20
ORBEX: Will the US Avoid A Gov Shutdown This Year?In this market insights, I talk about the reason #FX Majors were muted; on the back of a shift to riskier assets i.e. the equities
I dive into euro, pound, dollar and the safe-haven yen to provide you with my short-term analysis.
I also talk about what to focus on for the rest of the week and with crunch talks around the allocation of US’s $1.3tn spending continuing, it is certainly going to be an interesting one as fears of another shutdown linger!
Timestamps for each pair:
EURUSD 1H 01:30
USDJPY 1H 03:40
GBPUSD 1H 05:00
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.






















