The coin is in the top in terms of trading volumes, the tape in the glass is active. A local uptrend has formed with rising lows along the support line and a resistance level of $0.539 to which the price is currently being squeezed.
Dollar Index nicely respected a rising trend line on a daily.
After its test, the market formed a double bottom formation on an hourly time frame
and broke its neckline.
The index will keep growing now to 106.72
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As you can see we are at a trend line of the weekly and at a swing point on the daily. We are at a point when the market is going to choose where its going. I will be watching the strength of the dollar as it will tell the future of this pair.
I am currently favoring a return to the bottom of the daily, if trend line breaks I will look for a retest of this trend...
Good morning, here is what i will be looking at today at the end of the candle close at 3pm, so in 7 and a half hours from now.
USDCAD H1 we have a H&S so we would like price to trade back up above the neckline then break back below it at or after 3pm.
CHFJPY M30 there is a 123 formed.
AUDNZD M30 we have a potential GS forming.
Thats it for now, there is still a...
This is likely going to be a bullish month for GEMINI:BTCUSD because there a so many fundamentals in favour of the bulls.
1. Mining difficulty has increased
2. Open Interest has increased
3. The number of holders increased
4. The number of new addresses increased
Technically;
1. Supports held nicely
2. It broke out if trendline
3. Candle closed above EMA 50
...
World gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week.
The USD on the world market spread and...
Even though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning....
We have had a relief rally here last week of non stop pumping, premiums get spiked up and we can't really make much, now put options are cheap and we can look for an opportunity on some puts BUT,
keep in mind that we are still fussin around with the $429 $430 ZONE and we need to give it a day or 2 to wait for some clear direction.
2 things to watch
- The $429...
DXY had 11 weeks of bull bar closes until this past week, which ended with a pin top bear bar. The body was small and closed above the support line of the trend, making it a weak sell signal.
This week, we watch to see if DXY bounces off of the intersection of the trend line support and previous high, or falls through to the Daily 30EMA at 105.430, or 200EMA at...
Following our recent examination of the American Dollar Index (DXY), the bullish momentum has continuously propelled the dollar, reaching peaks not observed since November 2022. It's worth noting the impressive streak of 11 consecutive weekly green candles. As we inch closer to a historically significant reaction zone, there's been a noticeable price rejection of...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
we saw a bullish close on Friday. Come this week SPY will likely challenge 429 and there are two ways this fails bearishly and otherwise we will continue to go up but there are higher resistances not outlined here.
Most importantly understand we have left the bear magenta sell and we have to assume we are now in a neutral flat channel. This channel is colored in...
Long position update
After breaking 28065
Entry 28150
Loss limit 27,784
Risk Free 28430
Saving profit 28713
Profit limit 29,000
-------------------------------------
Short position with high risk percentage
After breaking the short-term uptrend line and after the support of 27607
Entry 27550
Loss limit 27784
Risk Free 27317
Profit limit 27070
* We follow the main...
D: Uptrend, price hit -61.8% and reversed + bearish divergence
4: Downtrend, price retraced 100%
1: Uptrend, price hit -61.8 near support/resistance zone + RSI is oversold and showing bearish divergence
CURRENTLY:
I'm looking to see if price will go short to previous support/resistance areas #1 and #2, retesting the upward trendline
Hello traders, this the OANDA:XAUUSD breakdown from HTF prespective, overall trend is Bearish and Daily we may see a pullback to 1922 then a drop to 1754 That where we heading toward if we don't pullback now we may reach the area of 1735 - 1744 Sonner, but after this drop, we may get a pullback
BTC Did what we expected on out last week preview. can it follow the target to 29.7 for another weekly high clear out ?
Extreme To Upside : 29.7K
Extreme To Lowside : 23.8K
Thanks for watching
he price is in a range trading range. We are a seller at the highest and at the lowest point of our Buyers . If the price is broken on any side, you can open a position after confirmation and matching with Bitcoin levels. This analysis is not an offer to buy or sell.
