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50ema-retest

BEARISH on USD/JPYThis is one goes out for my Forex peeps. If you are looking where to place a bearish position USD/JPY is a good option right now and looking to continue its bearish trend. In the short term, there is nearly any resistance until the 113.40 quadrant. Shorting this one may be a bit rough at the beginning as it may consolidate before touching its 15min supports, but the fall is sure. In a macro perspective dollar is suffering hits due to the shipping crisis, rising inflation rates due to low inventories against high demand from consumers, and poor tax policy application. This without mentioning the US shortcomings on integrating blockchain technology to the financial infrastructure. EMA 50 continues to be underneath traveling off the SMA 100 and SMA 200 in both 1h and 15min. amplifying its variance towards the lower end. The markets are focusing on whether BOJ Governor Haruhiko Kuroda will issue any warning against the yen’s recent weakness, which gives exports a boost but drives up already high import costs for retailers still reeling from the pandemic’s pain, Reuters concluded. The Yen is currently weak as well as major forex currency, but continues to be a save haven for institutional players.
Short
by GFSLLC
What is happening with BTCAlthough charts are full of bearish divergence during the last price action above 32k, bulls are doing their best to reclaim the 50 EMA as support. I made a mistake thinking they will easily give up this area to the 100 EMA weekly support (around 24k), obviously NOT ! if they are able to flip the Weekly 50 EMA into support, I still think we will still see a drop in price due the bearish divergence after the weekend, but we will return back to same area by next week closing. If they fail we can possibly head towards the 24k, 27k or 29k before going back to retest the weekly 50 EMA as resistance next weekend. I will not enter any trades this weekend until we have a clear direction. Good Luck & stay safe
by fawaz1982
USD/JPY 200EMA and 50EMA gap closeOn the daily timeframe the price action tried to break the 200EMA but instead it retested it and now it's going bearish. On the 4h timeframe the price action broke the 50 EMA and now we may have an opportunity to go short. Wait for confirmation when price action retest the 50EMA a gap close towards 200EMA will be happening. Go short around 104.977 and take profit approximately at 104.410 or where the price meet the 200EMA. Don't just copy trade. Trading is risky! Good luck.
Short
by rodrader
EURAUD long on break and retestGood afternoon traders! Today I am looking at a potential long opportunity building on EURAUD. Why long from here On Thursday we impulsively moved away from daily support (the bottom of a flat-ish channel). We then created what appears to be a bull flag against a level of resistance turned support. Yes, we are trading below the level but we are moving correctively, indicating we may be able to make a push higher. There is also a new level of support we are holding that was set by the low created on Friday, along with 2 sets of divergence. I will be looking for a break and retest of the 50 EMA on the 15 minute to look for a potential entry before the break of structure with my stop loss set at the more recent lows. The target is the previous highs, I will be looking to trail my stop.
by Cannastotle
A relação entre as EMA de 9, 50 e 200 dias com ETH/USDC...Essa interação está realmente única... Reparem como o preço usou a EMA de 9 dias como suporte, rompeu a EMA de 50 dias, sentiu resistência da EMA de 200 dias, depois usou a de 50 como suporte, e rompeu a de 50 novamente para usar a de 9 dias como suporte! Vamos esperar algum tempo e ficarmos atentos para observar se a EMA de 9 dias irá ser rompida, o que seria uma indicaçã de baixa, ou se ela atuará como suporte para depois o preço romper as resistências das médias exponenciais de 50 e 200 dias. Na minha opinião, existe uma boa probabilidade do preço movimentar-se um pouco dentro do canal, para depois ROMPER A EMA DE 9 DIAS E DESVALORIZAR! AVISO LEGAL: o conteúdo postado nessa página não é conselho financeiro e não deve ser entendido como tel. O propósito dos posts é a INFORMAÇÃO. Invista e faça trocas de ativos baseado no seu próprio julgamento e risco!
Short
by UnknownUnicorn1927084
AUDUSD MULTI-TIME FRAME ANALYSLSHello Traders Here is my view on AUDUSD. WEEKLY TIME-FRAME Description: Price closed with a strong bullish candle. This shows buying presence as buyers actually stepped into the market at this level causing bullish momentum. Bias: Bullish DAILY TIME-FRAME Description : On daily we can see we on a dominant uptrend as price is making higher high after breaking the resistance turned support. Bias: Bullish Trade Plan: We like to trade combos. Market should be telling us the same thing from higher time frame. We expecting a pullback as price hit our 2nd target of Fibonacci Levels . We will be monitoring how price unfold when market open then we will react to what market reveal.
Short
by ForexaSolutionsAcademy
Procter & Gamble - watch 100SMA Technical Analysis PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels. The 100SMA (blue line) has been long-term support since late 2018. The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal. If we can't hold the 100SMA, the next support is the 200SMA, which is around $110. Have a great weekend. Happy trading!
NYSE:PGLong
by dorfmanmaster
BTC/USD H4 chart (1/18/2019)Good morning, traders. Nothing has really changed since yesterday. Today we are taking a look at the H4 Bitfinex chart. The red lines draw an almost perfect diamond pattern. McGinley Dynamic is currently sitting just above price which is bouncing off support at the moment. The targets based on the diamond are shown, as are immediate supply and demand zones. RSI has been printing a descending broadening wedge since December 20th, and within that an ascending triangle since January 14th, suggesting a break to the upside for price. MACD has been trending higher since January 11th and is nearing a bullish cross of centerline. However, it has slowed down quite a bit the past few days as expected due to the price consolidation within the diamond. Volume has been dropping off as a result as well. If price pops up, then I expect a test of the upper supply zone EQ at around $4120. Continuation above that level will have price pushing through the D1 50EMA. A close above that EMA should set up the $4800-$5600 targets. A move down should expect to find strong demand in the lower zone. A close below that zone should open the gates for a possible move down to $2450 if $2850-$2950 doesn't hold. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITFINEX:BTCUSD
by Chris_Inks
Bitcoin-What Next?Good Evening! This is an analysis of COINBASE:BTCUSD . We're using a four hour chart, 50 EMA, 200 EMA, Fib Channel, MACD, Andrew's Pitchfork, trend-lines, H&S Patterns, and just a couple of flags ;) Let's back up to late-January where we started to form the first shoulder in the inverse H&S pattern. We finished that in early-March. Keep this in the back of your head, this pattern was never confirmed nor denied so could still validate!! In early-March we began our series of flag patterns. They're coming in at about a 50% accuracy, trading off validation each time. In other words, the first flag beginning in early-March succeeded, the second failed, third succeeded, fourth failed. I say the second bear flag between 3/13-18 failed because it never reached as low as it was supposed to given the large flag pole. Right now we're in a bear flag that began around 2AM Mountain Time US. If it were to follow the pass/fail pattern it would fail, but that's idiotic logic! I believe it will fail, but not for that reason. Right now we're trading at the 50 EMA (green). After a horrible failure to retest the 200 EMA, we're now retesting the 50 EMA. Should we hit 8300 and breakout of the bear flag, we'll be breaking down of the 50 EMA after our recovery Monday. That could send us to retest the .38 or even .23 retracement levels. We're trading in the lower sector of the Andrew's pitchfork formed using the low of 2/5, high of 2/20 and low of 3/18. We're trading on-trend in this lower sector, having not tested the support or resistance once. This is admittedly not my favorite tool, because we're always trading at some support/resistance. The MACD is down-trending since a crossover 2AM Mountain Time US. We have significant sell volume, but the trend-lines are getting flatter so could cross soon and send us back up for a time. I'm bear, what turns me bull? For me to go long again I want to see us breakout of the resistance of our current downtrend (deep red). What will secure my confidence? IF we breakout of the green trend-line AND the resistance for the Andrew's pitchfork. This is an educational analysis of COINBASE:BTCUSD brought to you by Noah Holtgraves, Economic Consultant. This is intended for educational purposes only and should not be used as advice to trade. No liabilities are held on behalf of Noah Holtgraves for result in trades from intentionally following this analysis. Like and Follow!!!
COINBASE:BTCUSD
by nmholtgraves