USDCHF may go up then fall or it can continue it's failing if he breaks the small trendline
TECHNICALS: Morning traders! Brent crude is reaching its highest level since early March on US stimulus hopes and ahead of the EIA oil inventory data. Strong breakout candle forming on the 1-hour chart. RISK SENTIMENT: Risk-on this morning, supporting higher oil prices. HOW TO TRADE: Looking for a pullback to previous resistance and trading pullback weakness....
According to this week’s JPY COT report we can see that the Yen is stacking up even more long contract positions. We can expect it to hold a strong position among most of the pairs surely till the end of the month. AUDJPY has been in an uptrend since the false breakout in March 2020 where it reached the 60.000 mark near the monthly critical area. Now it has...
According to the last Silver COT Report we can see that it continues dominating “long” contract size positions. And that’s why I expect the price to go for a second top near the 22.50000 area. After price closed above the 4H critical zone at 19.60000 we saw a strong upward momentum towards the monthly critical near 22.80000. Price closed above two critical zones...
Red zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame Orange zones – critical zones based on the 1h time frame According to last week’s GBP COT report we can see a strong increase in the long “contract” sizes. Even a decrease in short positions can be seen within the long-term investors. This can lead to...
Orange trendline – critical zone based on the weekly timeframe Red zone – critical zone based on the daily timeframe Blue zone- critical zone based on the 4H timeframe Blue dash line – showing the closed triangle on the 4H timeframe For the past 2 months we can see that the monthly trendline played a huge role as a resistance point for the BTC price. After it...
Yellow zones- critical zones based on the monthly/weekly timeframe Red zones- critical zones based on the daily timeframe Blue horizontal lines – critical levels based on the 4h timeframe According to last week’s EUR COT Report we can see that the long contract sizes are not only dominating the long/mid-term trends, but also there was a huge increase from...
Yellow zones- critical zones based on the monthly/weekly time frame Red zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame Orange line - critical point based on the monthly time frame According to last week’s COT Report- the Swiss Franc is in a strong position, based on its bullish positions, but the lack...
Yellow zones- critical zones based on the monthly time frame Red zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame Like I said in my 1H Gold analysis before the price went up - last COT Gold report came out bullish and no changes that could indicate a short momentum are noticed. We are at the highest...
The DAX managed to push above the key 11,200 level today, but it could have difficulties to keep up with the recent bull run. The 200-day MA, 61.8% Fib and a rising trendline resistance all await near 11,700. Although some major market reports came in better than expected, such as PMIs, the eurozone is still far away from a recovery. I am sitting on my hands for this one.
Part 2/2: Looking at the recent developments in interest rate differentials, it looks like a small divergence has formed between the pair and German/US 2y yields. This could be a bearish sign in the short-term.
This is my main strategy and the one that is being executed through BOT live since several months ago. I was due a post with the general results and a year to year analysis compared to the performance of hold BTC. All trades include 0.15% fees+slippage....
AMRN price touched weekly strong support level and also has possibility go to short. wait for abc pattern for long and wait for breakout for short. I also watching this one .
Using RSI to determine if the asset is oversold (x<=30) or overbought (x>=70) Using MACD to determine bull or bear signals. (MACD(blue) > Signal(orange), bullish) or (MACD(blue) < Signal (orange), bearish)