Hey traders, do you want to see, how to analyze the market? What are my thoughts behind the process? If so, then this video is for you. Many traders think, that I only draw some lines or zones, but the truth is, that the analysis is more complex. You have to understand which groups are participating in the market and which zones are attractive and WHY! ...
GBP under bad news but getting stronger than others by daily currency strength. You can see GBP is climbing while others falling.
KO consolidated with a few whipsaw indecision days, but it is now building strength for potential upside action. KO had a pre-earnings run setup by Professional Traders.
The chart speaks for itself. USDCHF had made a nice strong move upwards starting on 11/18/2019. Since then it has held the move and is poised to go higher.
Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%. (...just in time for booking a driving and safari holiday!)
see chart for brief notes, dollar simply cannot grow any stronger, eventually backfires on those devaluing theirs. Currencies have to be in balance, or their is no system, the system fails from within.
Bitcoin reached about previous predicted level, after "Bear Pivot" signal triggered in LIVIDITIUM signaling script. However, PRISM oscillators still looking weak + PRISM's pSAR-based RSI still have same way to go before resetting. Expecting BTC to drop further to ~8400 USD (200 ema) if 9400 USD (100 ema) support fails to hold, which is also where the level2...
See also complimentary chart to this analysis:
Setting stop-limit as indicated by the red arrow to protect the 30%+ profits gained so far: using the Fast AEONDRIFT script on the 1hr chart to determine suitable stop-loss values for the next few hours. The RSI/Stochs as well as the PRISM oscillators looking bullish on the short term (for now). Looks like FTM may still have a bit of gas left to continue higher...
I don't see a massive dump though. But I will continue to monitor the chart and update my views accordingly. See also: and
possible road-map for the GBPCAD
Interesting trend lines for EOS/USD and the Absolute Strength Index. Will the trend hold and continue?
There are a few factors that indicate a big EUR sell off in the next few weeks. A break in the current resistance with little support in the way for reversal and a declining economic strength will be in favour of the USD to push the EUR further to the short side.
As of late, it has definitely been a great time to be an investor Harmony Gold Mining Company Limited HMY. The stock has moved higher by 82.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path. We certainly think that this might...
AudJpy has put in a strong move to the downside and currently at support so we can see some relief but also a retest of the lows due to the strength of the move to the downside.
As we all know Bitcoin has seen a very nice recovery off the 2018 lows! - But now many are wondering how much of this upward movement can last.. Are you on the curiosity train? I know I am :D Did you miss buying the dips at 3k? I see this dip as a opportunity for bulls to add on.. this move just started when 3 wave targets are new ATH's. Gold has had a...
Hello all - DuncanForex with another trade idea With USD gaining strength - I am looking to go long on USDCAD I missed the 4hour bullish engulfing this afternoon therefore I am entering on the daily chart - with also a buy limit set at the 50% retrace point so if that triggers I will have a larger lot size I am looking for 2 targets - first arrow is the...