Looking for continuation to the upside. Price has already retraced into structure, potential for a further move down to the 98.37 area the bounce from there. If price in the DXY continues to move up, consideration for all dollar pair's to move towards the upside.
Weekly Timeframe Greed and Fear Index is now at #25. Weekly timeframe remains bearish saucer with the awesome oscillator. We can expect a sell off Friday. As a normal routine of the market. 1D Timeframe We have touch the 0.618 FIB retracement area and bounce a little. AO is bullish we can expect movement to the upside with our Ichimoku cloud finding...
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
FUNDAMENTAL BACK-DROP *Imho, if there was ever a time to expect fireworks, it's right now. *Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery. *US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in...
Short term movement, broke the value area of the day to the downside, nearest untouched POC is around 56600 which is between the .382 and .236 retracement fibs for a healthy pullback. Looking at 57300 to put up some support before further downside to 56. Be safe this weekend!
BTC Touched support at daily close, but is trying to get back into the channel. Testing the Resistance but having a hard time breaking this zone, with the volume being low this weekend we might see a breakout under the support zone towards the 0.786(52.5k) Fib zone. It looks like we are forming a H&S Pattern here, which could confirm my bearish thoughts. If BTC...
Hey, Been a few days, i started a T-Shirt designing brand of all things. Obnoxiously Humorous T-Shirt and been doing that the last week or more while its been boring waiting for markets. Can find it by the same name on Facebook group & page. Now, when the market pumps like this you might get more out of it over the weekend. But its a strong pump and a good...
This is Weekly Market Wrap. It is not market analysis. Its purpose is to serve as quick overview of the close price for particular securities ending week 27th August 2021. Forex (27th August 2021): EURUSD – Close price = 1.17958 USD EURGBP – Close price = 0.85658 GBP EURCAD – Close price = 1.48739 CAD EURAUD – Close price = 1.61269 AUD USDGBP – Close price =...
What do you use your weekends for? The Forex markets are closed, but your mind shouldn't be. This time is best used reviewing and learning about the week before. Take this trade for example, it had it all-5min Buy range, Change of character, BOS, 1min buy range, pull back to the equilibrium, pull back to range impulsive move. This happened later Friday night my...
Symbol: AMEX:SPY Indicators Laguerre RSI ALMA x2 Thoughts... SPY is at all time highs so we should expect some hesitancy. I wouldn't be surprised to see a test of the grey support line. Things to Note... The lagRSI on the 45 minute time frame is starting to get shaky which could signal a big move... We will have to see if we cross above the upper line to see...
Looking at BTC I can see some sort of accumulation during the last days. Having a accumulation before the weekend may represent the beginning of a distribution phase. I am not bearish on BTC. It looks healthy and if there is a small drop during the weekend that may be the beginning of a good uptrend that may bring us up to 42K if the is enough volume. There...
ADA looks a bit bearish now. It broke through the trend line and this may bring it down to 1.35/1.3 during the weekend. If it stops at 1.3 we may expect a double bottom formation that might show us a future uptrend. Make sure to place your stop loss and buy if it goes any lower. I am not expecting it to drop below 1.3. If it does it may be for a short amount...
SOL is going down after a strong push up during the week. We may expect it to drop to 32 dollars if the trend line is not going to be a strong support as expected. Make sure to place your stop loss or to buy if it drops even lower during the weekend. A good buying point is down to 32 dollars if it find support down there. Have a nice weekend guys !
- P/E : @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops". - SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.666 historically 10y note underperforming SPX in April & it has a sideway movements in April as well. - Insiders: 6 Sell, 2 Buy. No up date on the website, still April 1st...
Breakout or fakeout from desceding wedge formed over serveral days including a combination with a possible cup and handle pattern. Lack of volume indicates it was a fake out from the established trend. Where will Bitcoin go next? A bounce to the downside of the wedge will break previous strong support from recent weekly lows. A break to the upside will need...
- P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops". - SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last " - Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!! - Seasonality: April is the best month of the...