currencynerd

currencynerd

since 17 November the Gopher has been trading in a parallel bearish channel failing to trade/close above and above it, with the top and bottom trendline of the channel acting also as dynamic support and resistance. price has found itself in weekly liquidity pool made of significant levels - (i) weekly supply of proximal price of 146.700 now acting as demand on...

currencynerd

Charlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology. He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on...

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on the daily chart price has been on a steady rally breaking previous bearish structure where i witness resistance levels now acting as support. this upside movement is due to price finding demand around the 0.63700 to 0.62800 price areas with the most impactful price being demand at proximal price 0.63500 which is currently in control of price. this increase in...

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there are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed. these are : momentum, trend, volume and volatility. in this idea I will be explaining these price forces and the different types of indicators/tools used to measure...

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technical indicators are mathematical patterns and formula that are calculated from past market price and data to predict future market movement, as the trading /investment community continues to grow there are a lot of trading indicators and tools that traders use, invent and discover, but here are some of the weird, uncommon and unconventional technical...

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timeframes are the unit of time in which trading activity/session takes place. timeframes are an essential tool to traders/investors because there is a direct association between the right trading style and timeframe of choice for each individual trader depending on what works or does not for them. timeframes are often structured in forms of minutes, hours,...

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the oil markets find themselves in a bearish chokehold with a number of factors weighing down on it such as the OPEC ( Organization Of Petroleum Exporting Countries) are expected to meet later this month on the 26 November 2023, there is a strong sentiment that they are expected to continue to cut production and distribution due to weak global demand. technically...

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these incredible films bridge a gap between entertainment and education, providing insight about the global markets and what often goes by in the background and yet help keeping the boredom away. 1.THE WOLF OF WALL STREET - dir: Michael Scorsese. Dec 25, 2013 (crime/comedy) this movie follows and reflects on the life of Jordan Belfort and his rise to wealth...

currencynerd

price is in a bearish parallel channel and is failling to trade above 140.000 price areas. i have short targets to daily demand of proximal price @ 137.300 put together by : @currencynerd , pako phutietsile supply and demand!

currencynerd

price reached price level of interest @ 140.800 but did not manage to close above the level FX:USDJPY also broke out of parallel bullish channel forming several OCHL candlesticks below the channel indicating bullish momentum being highly present in the market! i have short targets at low of liquidity pool @ 136.600 put together by : pako phutietsile,...

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demand level of proximal price @ 101.500 is in control of price , targets levels at nov 22 price areas at supply level of proximal price @ 112.000 supply and demand in combination with price action! put together by : pako phutietsile, @currencynerd

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gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british...

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So many begin trading thinking it’s a get rich quick scheme. There is absolutely nothing “quick” about learning to trade. It takes constant work and it’s never over. Endless persistence and risk management is how you survive / thrive. Not sexy. Do you want truth or fiction? Treat it like a sport that is played 365 days a year, you won't survive being average in...

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There is a huge debate between traders on which is better between the two , from my personal experience as a trader you must be able to use both types of analysis and have a form a balance between the two. Charts are a leading indicator for fundamental analysis. FUNDAMENTALS give an idea of which financial instrument to buy/sell , TECHNICALS give an idea of when...

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on the start of the trading week Oil witnessed a big decline in value of more than 8% registering its worst loss since late 2021 , but even with the big loss oil prices are up 30% for the year , with much of the acceleration in price or bullish catalyst being the Russian- Ukraine invasion. With little to no success in the peace talks between the two nations the...

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price gave us a third touch at the top of a descending bearish trendline , this price action in taking place on a daily supply CP level , which is now in control.

currencynerd Updated 

The crypto market this past week has suffered a decline in value , FROM THE SELLOFF ETHUSD is now nearing a liquidity pool ranging from 3917.600 to 3878.89 which is a very significant zone which may act as short term support/demand to push price up to 4093.53 daily supply level which is a crucial level of bearish sensitivity , which we may cause price to breakout...

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higher timeframe (daily) supply zone in control on hourly we have trendline break as price is trading below it showing shift in momentum to the downside with targets at 1hr liquidity pool which is nested in 4hr demand level.