🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement. 📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider...
USD/JPY continues its upward momentum after experiencing a decline in the U.S. trading session on Wednesday. Overall, the upward trend of this currency pair remains robust. When looking at the chart, technical indicators have clearly confirmed this trend. The price has surpassed the simple moving average (SMA), indicating that the strength of the uptrend is...
The strong recovery of the USD/JPY pair is attracting attention, reflecting Japan's intervention to temporarily address the weakness of the Japanese Yen (JPY). Technically, on the chart, the strength of the upward momentum is clearly evident. The Relative Strength Index (RSI) is stabilizing around the 60 level, indicating a significant upward trend of this...
The USD/JPY pair is currently demonstrating a strong upward momentum, attracting significant attention from investors. This increase is driven by momentum from Japan, particularly through interventions by the Japanese government and the Bank of Japan (BoJ). Looking at the chart, we observe that the Relative Strength Index (RSI) is trading above the 60 level, a...
Price appears to be getting weaker following a brief double top which is potentially a lower high. Looking to short price to target shown. 3:1 ratio for risk/reward. Lower momentum present via RSI. Uptrend has broken support... NOTE: This is not trading advice; trade at your own risk.
On the above 3-day chart price action has corrected over 90% since the sell signal April 2021 (not shown) at 50 cents. Today is great long opportunity. Why? 1) You know why. 2) RSI and price action resistance breakout. 3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. Is it possible price...
The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and...
The USD/JPY currency pair recently refreshed multi-decade highs of ¥154.79, a move probing offers at channel resistance, taken from the high of ¥125.85. With resistance lacking here, this not only helps pave the way to test the mettle of ¥160.20 (highs from as far back as the 1990s) but also increases concerns about an intervention from the Bank of Japan (BoJ)....
1. Bitcoin has given us 3 fractals and examples on how to counter trend sediment. 2. Max Fear in bull Markets are unbelievable entry points. 3. We have many huge bids at $57k-59k that will never be filled IMO. 4. Market will take off as in last 3 examples leaving buyers behind. 5. 2.1B Short Liquidations above us will give us great fuel to restart this run.
Hey Rich Friends, I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at: - The market has already rejected a previous demand zone causing the price to continue to buy - The 3 EMA (blue) has crossed above the 10 EMA (purple) on...
AMEX:SPY April 18, 2024 15 Minutes. Closed shorts yesterday at 500 in SPY. We have 494 as a daily 100 average and 21 in weekly. At the moment I do not expect a trend change to long. I expect any upside to be resisted around 506 levels being 50 average in 15 minutes. If we consider the fall from 517.28 to 499.12 we have 61.8% retracement around 510 levels....
GBP/USD is holding its latest increase above 1.2450 in the European trading session on Wednesday. On the 1-hour chart, we see a positive signal as GBP/USD has surpassed both the simple moving averages SMA 20 and SMA 50. The prediction is that the price will surpass the SMA 100, which is a sign of a strong uptrend. And the target is aimed at the psychological level...
USD/JPY traded around the 154.60 level at the start of the European trading session on Wednesday, hovering close to the peak of 154.78. The slight downward adjustment of the US Dollar (USD) has exerted pressure on this currency pair. However, expectations for the Federal Reserve to continue maintaining high interest rates in the future, driven by the robust US...
#Nifty Recently Made a Higher high, by breaking an range bound area and sustaining above the Level. Recent fall is expected to be a correction to the Upmove. Market is reaching towards #Demandzone. Wait for #priceaction Confirmation for #TrendReversal
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session. Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply. In this context, investors need to be cautious and carefully...
You may have noticed published ideas on tradingview.com are now calling for price action to take one direction and that direction is down. Don’t take my word for it, click on BTCUSD pair to the bottom right of this screen and then ‘ideas’ then ‘Recent’. A significant number of analysts are “short” at this time. The number of short ideas should not be surprising,...
At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair. However, chart analysis reveals...
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money...