Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of fluctuations of both price and volume. Because a Moving Average is a lagging indicator and reacts to events that have already happened, it is not used as a predictive indicator but as an interpretive one for confirmations and analysis.
Good morning everyone.
Allright, so after this last nights wick we are seeing pretty much the same situation as the last days:
- Below the Daily Pivot
- Downtrend is intact
- SMA´s are spread in bear-order and pointing down
We won´t look for longs, shorts only unless P-D get´s broken.
What has to be mentioned is that SMA50 and 100 are getting closer and the...
BTC/USD (Bitcoin)
As All You Know, BTC is Moving Inside the Descending Channel Since 26th June..That Means,Forming Lower lows & Higher Lows, It's in Downtrend..
Now Inside the Channel, Forming Bearish Pennant Pattern & Rejected EMA21 As Well..That Means, We Could Seen Another Lower low in Coming Days.
If Pennant Broke down then Target will be Descending...
Right now, the aussie has managed to work its way past both the 200-hour MA (blue line) and the 100-hour MA (red line) against the dollar as buyers seize back near-term control.
In overnight trading, buyers leaned on support close to the 0.6800 handle and that has helped to provide a platform to build on a move higher in trading today.
Looking ahead, there is...
Price action is testing Trendline support and resistance. These Support and Resistance levels are supported by Bearish Bat and EMA 50 and EMA 100 are acting as variable resistance. Also, Soon EHTUSDT will be overbought on RSI too.
Bearish scenario is very likely to happen.
Please Like, Follow for more updates.
Bias: Bullish. After touching high of 0.410, price retraced and seemed to found support at green MA. The 38.2% fibonacci level was briefly violated but managed to close at exactly 0.365. #pullback
Stop-loss: 0.350
// 50% price retracement.
1st target: 0.410
// Previous high as resistance.
Gentle reminder: Plan the trade and trade the plan. Trade at your own...
Given that cable is resting at eight-month highs now above 1.3200, a Conservative victory is largely priced in. However, any further extension for gains will now depend on the size of the majority that they can muster once the votes trickle in.
An overwhelming majority (I reckon somewhere around 30 seats or more) may yet give a push higher to the pound towards...
Quite frankly, I don't think there is much to really comment on the pound at the moment as price action so far today is rather "minimal" and would be insignificant once we move towards digesting the election tomorrow.
In the grand scheme of things, cable could easily swing 100-300 pips (or more) depending on the results tomorrow so the 52 pips range today is...
Fun fact - this pair has contributed 6027 points to my strategy over the last 20 years. Full trade data coming soon to www.regularjoetraders.com.
But for now:
TP1: 1.3219
TP2: 1.3156
TP3: 1.2926
SL: 1.3448
Signals+ coming soon - more details here bit.ly
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
Low volume, extended down on the weekly RSI and matching moving averages as support line makes me to believe that btc price will have a big jump vertical VERY SOON.
METHOD: Long DISNEY {price at entry 147.59} via:
+2 DIS 20 DEC 19 144 CALL @3.80 ; Trading with 0.21 of extrinsic value, well in the money.
STRATEGIES: Using DIS day chart:
The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long.
The Fisher Transform bounce signal appearing somewhat near the mean (after the reversion on...
The latest voting intentions overnight highlighted a narrowing lead for the Conservative party and that has kept the pound lower since. Cable fell sharply after touching 1.32 for the first time since March and is staying weaker at the start of European trading today.
As mentioned yesterday, the only thing that the opinion polls have right is that they are all...
METHOD: Short SALESFORCE {price at entry 156.40} via:
+2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.
STRATEGIES: Using CRM day chart:
The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short.
The Fisher Transform bounce signal has failed and is now showing a...
After -56% retracement, it looks like Chiliz could keep going upwards now
Entry= 0.008780 - 0.008980
Take Profit= 0.010380 - 0.011880 - 0.013390
Stop Loss= 0.007377 or less
Risk/Reward Ratio= 1:1 - 1:2 - 1:3
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
