Get started

Techincalanalysis

Oil: Thoughts and Analysis Today's focus: Oil Pattern – Lower High Support – 86.00 Resistance – 86.87 - 89.12 Hi, and thanks for checking out today's update. Today, we are looking at oil on the daily chart. Since price started to week with a sharp gap higher, we are continuing to watch these new levels and whether they will become set on the medium or long term. Demand worries and peak price were a concern not too long ago as we saw prices move down to around the $82 level. Has this rally been a flash in the pan, and will sellers fill the gap? Or Has the dynamic changed in the short term, and could we see a new move from buyers to lock in these highs and re-test $89? Good trading.
EIGHTCAP:USOUSD
by Eightcap
GER30: Thoughts and AnalysisToday's focus: GER30 Pattern – LH - Lower support test Support – 15,055 - 15,015 Resistance – 15,287 - 15,504 Hi, and thanks for checking out today's analysis. The GER30 daily is today's focus. Due to the tragic events over the weekend, we have seen stock futures trading lower into the new week. The GER30 is testing Friday's firm finish and could be forming a new lower high. The key here will be if sellers can be price back down to test 15,055 - 15,015 support. A break set up a continuation of the med-term downtrend. If buyers can reject today's selling and break back above Friday's high, this could suggest a new higher leg and a possible test of 15,504. Good trading.
EIGHTCAP:GER30Short
by Eightcap
ASX200: Thoughts and AnalysisToday's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from 6885. This lines up with the bottom of the overall range. We can also see regular divergence forming with price holding at this support point. This could set off a new rally that could get back up to test 7000. If this level of support breaks and price closes below, this could break the range and set off a new overall downtrend. Are stocks a bit oversold at this point? Keep in mind we have US employment data due out this Friday. Have a great day and good trading.
EIGHTCAP:ASX200Long
by Eightcap
Eightcap: USDCAD Analysis Today's focus: USDCAD Pattern – Support hold, retracement Support – 1.3517 Resistance – 1.3597, 1.3640 • USDCAD price sits at a junction. • USDCAD failed at its latest key resistance test. Hi, and thanks for checking out our latest market update. Today, we have run over the USDCAD on the daily chart and discussed oil and the USD index, as well as upcoming news that could influence the current picture. Price could be seen in a small squeeze at the moment. Will we see short-term support hold and potentially feed a new shot at key resistance? Or do we see support break and price make a new move back towards the main trendline? Data to watch today: US unemployment claims and core PCE price index. Tomorrow, US employment data. Have a great day and good trading.
by Eightcap
AUDCAD: Buyers back testing the trend. Today's focus: AUDCAD Pattern – Reversal Support – .8665 - .8625 Resistance – .8765 - .8790 • AUDCAD has posted four positive sessions in a row. • Could this be the start of a new longer rally or just a counter-trend? Hi, and thanks for checking out today’s analysis. Today, our focus is on the AUDCAD as price continues to rally after posting a failed low at an area of demand. Since that test, we have seen 1.09% added as buyers continue to drive a counter-rally. From here, we would like to see price maintain its buyer momentum. If we do see a new retracement, we would like it to stay around the 50% point of the current rally. A move back to support could be a worry about buyer strength. A move back up to test or break resistance would be positive, but for any new tests, we want to see HL and HH breaks to show trend strength. It’s not the first time we have seen a pattern like this, so pattern of trend is rather important to tell us if this is actually anything more than a deep counter-trend. Have a great day and good trading.
Long
by Eightcap
AUDUSD will buyer momentum continue?Today's focus: AUDUSD Pattern – HL Possible targets – 68.11 – 68.85 Support – 67.17 Resistance – 67.75 Could we see further upside from the AUDUSD? Currently price is bouncing off short-term support. This could continue if some of this week's key news goes in favour of risk markets. The USD has had a solid run recently but could any hints at future rant holds set off a new pullback? If so this could be fuel for the AUD to continue its push. Australian CPI is also due out on Thursday, its forecast to come in slightly lower Could a miss also help drive buying? For now, we will continue to watch price as it holds off short-term support with a new HL and see if it can continue to push higher reclaiming some of last week's lost ground. Have a great day and good trading.
Long
by Eightcap
What does the SEC lawsuits mean for crypto? Can it be good?Traders, This week we'll focus on the altcoins. How are they fairing? Is there more downside? How much FUD will the SEC's lawsuits against Coinbase and Binance cause? And can the lawsuit actually be looked at in a positive light for the crypto community? The quick answer to that last question is a quick "yes". I'll explain more at the end of this weeks crypto update video (sorry TV people as you were cut off at the 20 minute mark). Stew
INDEX:BTCUSD
by stewdamus
EUR/USD sitting on trendline supportWe discuss whether we think the uptrend on EUR/USD will hold.... Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
USOIL - FULL TRADE WALKTHROUGH - +8% BANKED Good afternoon traders, I thought it would be beneficial to you all to showcase my reasonings behind going long on USOIL in full - this video illustrates my logic behind targets as well as subjective stop levels based on intraday liquidity. Hopefully you can see how essential it is to not just work off of one singular chart - USE the higher timeframes to your advantage when going long/short on intraday levels - without a backbone, you are simply shooting at an invisible target. Having logical targets rather than aspirational ones will improve your success rate rapidly. I hope this has been of value to you all! Best wishes, Jake
TVC:USOILLong
by jmw2000
$aapl : Important levels to watch as we go into the house voteIn this video, we will be taking a closer look at Apple Inc. ( NASDAQ:AAPL ) and the important levels to keep an eye on as we head into the upcoming house vote. With the current state of the market and the potential impact of this vote on Apple's stock price, it's essential to understand the key levels of support and resistance to watch for. Join us as we analyze the technicals and provide insights into what could be in store for NASDAQ:AAPL in the coming days.
NASDAQ:AAPL
by Entrenched
1