Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
DXY is decreasing before going up again, and a pullback is due to minor support
Minor TL broken Overall strength in JPY index Daily MACD indicating downtrend
Typical H&S reversal pattern, the neckline has been retested
Expecting price to push up for a double top, as the TL has been broken
Expecting TL to break - Daily and Weekly stochastic aligned - Price above the 200SMA indicating uptrend
- minor trend line broken - continuation of daily uptrend
Daily EMA crossed to the downside and weekly stochastic not yet completed
Pullback is due for the USD, major support will need to be retested - now resistance - 4H divergence is evident
Wait for break in trend line for confirmation, but reasons for bearish trend - 2H price is below 200SMA - weekly stochastic indicating downtrend - weekly heiken ashi candle now indicating downtrend - price below daily Bollinger Band
I am expecting a slight pullback this week, but that would be counter-trend trading in my opinion and I will be looking to short instead Refer to chart for more info
Reasons for the bullish trend expectation - weekly wedge broken and retested on daily timeframe - double bottom - bullish engulfing weekly candle - price is above the 200SMA on 2H TF - 4H EMA crossed to the upside
Several factors indicate a downtrend for AUDJPY for the next week or so - weekly MACD divergence - bearish weekly candles - break in trend line - price below 2H 200SMA - 4H EMA crossed to the downside
4hr double bottom off support, expecting a pullback before further downside. Look to watch if price respects trend line