Trend Analysis is arguably the most important area of technical analysis and is key to determining the overall direction of a security. Trends are based on the principle of higher highs, higher lows (for an uptrend) and lower highs, lower lows (for a downtrend). They can have different time horizons and be embedded within one another, like fractals. For example: an overall uptrend on the weekly timeframe can include a downtrend on the daily, while the hourly is going up. Multiple Time Frame Analysis helps traders to understand the bigger picture. Some trends are seasonal while others are part of bigger cycles.
Trend analysis can be done by using trend lines and by taking specific horizontal price levels or zones into account that reverse roles between support and resistance. These price levels are the major zones where the market seems to respond by making a strong advance or decline. Fibonacci levels measure or predict the retracements before the continuation of a trend. Some traders rely on price action and look at specific candle formations.
First of all, let's find the zone of "uncertainty", the zone of bulls and bears confrontation. This zone is located in the range of $10260 and $10435. It is very difficult to understand who is leading there, bears or bulls. However, we can see that bears keep the price below the $10435 level which tells us that they still have strength. More likely, bulls were...
Bitcoin has recently generated a new swing trade long signal which we are managing at the moment. This idea is the result of WAITING for particular criteria to line up which took almost 10 DAYS. I cannot describe all the details of what we look for to enter a trade, but I can share two key variables that carry a great deal of weight in our decision making. Again,...
The price dropped below the cloud, and it gives a bearish signal. At the same time, we can see the price reversal from the uptrend line. The market can keep moving in the borders of a triangle chart pattern. It will be possible to see a new upward movement to the downtrend line.
In order to confirmation for a new trend movement, the market will have to break out...
GBPNZD has reached significant resistance level.
currently the price consolidates within a rising parallel channel called bear flag pattern.
your plan for next week is to wait and sell bearish breakout of a flag.
T1 - 1.8715
T2 - 1.8520
Stop above the highest point of the flag.
if the market goes above 1.9, setup will be invalid
Price structure are very bullish, gold currently trading at range zone therefor i will follow the main trend an take a long trade when the price reach the bottom of the range zone.
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Traders! if you like my ideas and do take...
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Phil
USDCAD can bounce again from the Trend Line.
Also it can be an exit from the triangle with strong impulse to 1.34326.
We can open Buy in Zone with low risk.
Hi there,
USDJPY is setting up for bullish wave. Recession Fear creating opportunities. YEN normally get strong during Recession But we believe that we are not having recession any time soon.
Watch lower time frame for long and reversal.
Good Luck
Hello my friends!
It's time to fall for gold, because XAU is near the resistance zone after touching two resistance lines.
The target for gold is to reach the intersection of the three support lines at support level 1416.
On the way to the target, be careful when the price will be on the support line.
On the chart:
light green lines - support lines
Dark green...
Hi Friends,
The nearest resistance now lies around $10,550 (the MA-200 light green line on the 4-hour chart).
Further above is $10,800 along with the 50-day moving average line.
In the case of a break up, we can expect $11,000-$11,200 to be the next significant short-term resistance level.
The latter also contains the descending trend line which started...
Hi there,
We are having very nice price action at bottom on CADJPY time to look for reversal or counter trend trade.
Watch lower time frame for long and look for daily trend ro break up and reverse the bearish trend.
Good Luck
Welcome to DACapitalTrading weekly education setup of AUDUSD with two possible
trade opportunities!
-
1 HOUR
Strong bullish reaction and price action on smaller timeframes.
4 HOUR
Sideways moving market structure with several pullbacks.
DAILY
Market in strong consolidation zone.
OVERALL
Expecting market to form new H4 Highs before heading back down...
When Bitcoin was still trading above $11300 on last Monday, I shared a forecast giving everyone my honest opinion of the market. When other traders were madly or intentionally bullish, I warned that it was not the time to buy Bitcoin as the bulls needed a break. The day after, we saw the Bitcoin market collapsed and got down to $9530. Slap yourself if you did...
Hello my dear friends,
GOLD had been in long bullish trend that would correct very soon.
On higher time frames (monthly) the prices already in front of resistance level and we would likely see a correction to accumulating for any further uptrend:
So wait for prices to close below the support level and we would sell the...
Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: Monthly is bearish.
Weekly: The weekly timeframe is in a very strong downtrend.
Daily: Daily is also bearish with as good as no retracements.
H4: On the h4 timeframe we see a trendline and a support area. I expect a break to the...
Currently looks like a bear flag forming and we should anticipate more downward pressure on our price action. More charts with comments will be posted on occasions throughout the day when I take breaks from working on my office remodel and website content.
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