Monthly charts represents series of data points where each data point is comprised of the price movement for a single month of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
XAUUSD - Gold
This we got TP smashed for our Gold trade that we held from last week. Again congrats, the world of Gold is one to be apart of.
Just patience and you will get all that you want with Gold.
I have a sell limit set @1310.591
It has been trading withing the monthly support and resistance level of 11500 satoshis and 38700 satoshis accordingly but within the channel there are also weekly levels that are being respected currently sitting at 30700 where resistance was tested and rejected recently and now the direction downwards is looking at the 13500 satoshis support level. Moving around...
NZDCAD Short idea is based off of the monthly supply zone.
There is strong bearish pressure coming from the monthly supply zones. Reason being is because of 2 supply zones close to each other otherwise known as "levels on levels".
We have seen 3 touches of the weekly trendline resistance and this touch that is going to happen wont be any different. Price should...
GLD showing macro HnS pattern here on monthly chart that has been forming for several years (13' to 19') and looks to break out of HnS pattern w/ an upside target of 159 on GLD or around 1600 on /GC and looks to complete target by Dec. 19'.
With macro fundamental news going on w/ the possible inverted yields w/ bonds, slowing economic growth in Europe and Asia,...
Strong fundamentals in favour of EUR
- CAD NAFTA Agreement with US likely to have less trade due to reduced investment in the US
- FOMC mentioned in their recent statement that they would not raise rates, investors will seek to move money into other securities to find higher returns on investments
- This hurts Canadas economy due to US being a major trade partner
Hi! Here are my thoughts for gold XAUUSD.
- Gold is bullish since November 18th, 2018. Then occurred a solid pullback with a 38.2% rotation on the daily chart.We have also reached a psychological and institutional level,1300.000. The weekly and monthly demand areas are aligned (Both charts show a Bull Run) and the reversal occurred at those key levels.
This will be my first BTC chart posted. I've been reading a lot of happy happy thoughts on BTC, and although it's logical and happy and rainbows...I don't think we've reached bottom. I'd LOVE to say we have, but here's why i think we haven't.
1) In the monthly descending, we can see a very clear bearish divergence in play
2) EMA annual shows a cloud that may be...
We can see that the price on the daily chart has tested EMA 50(HIGH), EMA 100 & 200 too. These could be big supports for the USDJPY pair. It is testing another monthly support (all red horizontal lines). The next demand zone might be at the bullish trendline, where we need to see a confirmation at least on 4H chart.
It looks like there could be a pin-bar on the...
Hoy tenemos un Patrón Butterfly Bajista en USDCAD, así como Key Levels Weekly y Monthly, Estocásticos en H4 y en D1 a cruzando y a punto de desplomarse, vámonos por una Gestión de Riesgo 1:2.29, si el Trade llega a alcanzar el TP1, entonces proteger con Break Even a Zona de Entrada, veamos que sucede e iremos dando seguimiento... Felices Pips...
The chart represents the Monthly support and resistance levels of the NZDUSD. A good technical analysis always starts by breaking down a bigger picture to the smaller ones. once you understand the where the price is at on longer timeframes, you will be more confident in your own analysis once you dwell into the smaller timeframes.
i have been doing this for a...
Gold monthly chart showing a recent break out of a large triangle pattern. There is strong support at the 0.61 fib, so ill be looking to make an entry after a break and re-test of the current resistance at $1345. My first target is $1545, and my second target is $1775.
Looking at the SP:SPX 1-month chart, I’m seeing some strong indications pointing at SPX being at the top of a potentially violent crash.
Evidence For – Indicators that Support SPX Being at the Beginning of Crash:
MACD Support Trendline: Broken with Some Distance – In the previous two crashes, the beginning of the crashes coincided with the MACD support...
GU rejected last resist become support and have buyer pressure, if february candle close with long low shadow, next month candlestick will have some low shadow (as re-entry for weekly/daily time frame) and then continue for bullish.