Watch the April low at 100.42. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular...
When I worked as a professional technical analyst at major banks, I often encountered two common questions: Did I optimize my moving averages, and why did I use a 55-week and 200-week moving average? To address these queries, I've created a short video. The answer is that I never optimized the moving averages. Firstly, moving averages have a lagging effect, and...
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Bitcoin has reached its 50% retracement of the move we saw in 2022 and the new high has been accompanied by a divergence of the daily RSI. This suggests a loss of upside momentum at this key level of resistance and some likely near-term consolidation. The 55-day ma around 28000 is likely to act as near-term support. Longer term we do have some double Fibonacci...
The divergence of the daily RSI on the Gold chart points to a loss of downside momentum. We would allow for a near term corrective rebound and we look at the various levels of resistance to determine how far a bounce is likely to extend. #gold #commodities #trading #technicalanalysis Disclaimer: The information posted on Trading View is for informative purposes...
Price action depicts a loss of upside momentum and implies that the market is likely to ease back short term Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no...
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
It appears that yesterday’s rate rise was already priced in, and the market is easing back from key resistance in the 1.2850/85 band (long term Fibo, 200-week ma, resistance line etc) and we are seeing some profit taking. Given that the weekly RSI (we will have to wait for the close for confirmation) is already showing signs of divergence – this suggests a loss...
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Following a week where we saw the Fed pause and the ECB raise rates, the Euro is looking a bit more positive and we will for now drop our negative bias and adopt a more neutral stance to see how it deals with tougher resistance near the 1.11 mark. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute...
GBP/USD is in one-year highs - where is the next resistance? In between 1.2867/85 lies a short term resistance line, the 55-month ma, the 200-weel ma and the 23.6% retracement of the entire move down from the 2007 peak. We recommend tightening up stops as we approach this tough zone as we would allow for some profit taking in this vicinity. Disclaimer: The...
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
We have a big week of data US inflation figures are released tomorrow and are likely to show a continued disinflationary trend, with the headline rate falling to 4.1%. This will help the Fed remain on pause for the Wednesday rate decision. The major level to watch to our mind is the tentative downtrend drawn from the October 2022 high. This comes in at 3.88....
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Generally, I find that once something starts trending, the combination of a 20-day ma, coupled with cloud resistance on a 4-hourly chart and Fibonacci resistance is a good guide to likely resistance in this case. The 2020 low at 1.0636 is expected to act as your near-term break point on the downside. Disclaimer: The information posted on Trading View is for...
We outline the near term support and resistances following the recent sell-off by EUR/USD. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the...
Gold needs to go back on to your radar, not only has the market halted at the major resistance 2070/91 (2022 high, top of the 12-year up channel AND Fib extension) BUT it is threatening to chart a key monthly reversal. Should we see a monthly CLOSE below last month's low of 1949 this will be a key month reversal. For a likely top, these happen when a market...