🕵️♂️ Let's dive into this forex currency pair, which is the exchange rate between the Australian Dollar and the New Zealand Dollar, and examine the latest entry points. ⏰ In the weekly timeframe, the exchange rate of these two currencies is currently in a range, experiencing fluctuations and reacting to the resistance and ceiling of the box, which is at point...
**Trend analysis Major-Downtrend Minor-Sideway ***Pattern analysis Major - Minor - Divergence and Shakeout ***Tactics 1.RSI Divergence 2.Price> MA 3.Shakeout Expected TP RR 1:3 Have a good trade kub :)
Waiting for bsl sweep then we shall look for sell trade.
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...
The cryptocurrency market is buzzing with anticipation as signs suggest that altcoins, including XRP, may be gearing up for a significant rally. XRP, in particular, is showing promising technical indicators that hint at a potential surge in price. Investors and traders are increasingly optimistic, viewing the current market conditions as a launching pad for...
I've been in doom mode for quite a while now. But bear market rallies are the best :D Usually they are fast and aggressive. So here is a level of interest for me. I'll be watching it on LTFs for a trade decision.
Hello all dear traders! EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term. Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
Remember the seasonality we spoke about the previous week, is it kicking in with WTI price up +1.05% on Monday 06/05/2024? Price hit the expected price on Friday giving a front running opportunity to long positions, do not despair a second entry position is in the cards if based on price action patterns. Check out my previous WTI Short idea to see how it relates...
As soon as the price moves above 62800, the price can cross the previous ceiling
SOS Appearing local accumulation major sos characteristic of phase d starting to appear looking for points of entry
6th May DXY: Currently consolidating slightly above 105, needs to break 105 support to head down to 104.60. NZDUSD: Buy 0.6025 SL 25 TP 50 AUDUSD: Buy 0.6670 SL 20 TP 55 USDJPY: Test and reject, Sell 154 SL 30 TP 200 GBPUSD: Buy 1.2643 SL 20 TP 60 EURUSD: Buy 1.0805 SL 25 TP 65 USDCHF: Buy 0.9025 SL 30 TP 115 (confirmation for big upside is above...
In my last posts I showed the way for Bitcoin, but how does Ethereum look if we take the fractal from last May? It may even be cleaner tbh. From the top until now every move was caught, even following the moving averages precisely. If the last leg down plays out too, we will pump from here to 3500s, followed by the last dump towards 2800$, testing back the same...
GBPUSD Monday 5th May - London Trade ShortGBPUSD Monday 5th May - London Trade ShortGBPUSD Monday 5th May - London Trade Short
Trader Tom, an investing.com technical analyst explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please join us and hit the boost button.
BTC Update in Shorter Timeframe: BTC is currently facing resistance at FWB:65K in both shorter and higher timeframes. As mentioned earlier, BTC must close above FWB:65K in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance. If BTC manages to break and close above FWB:65K , then $70k is likely,...
On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February. That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so...
The monthly scenario remains in place until the price is below $70,000