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Centered Oscillators

EURNZD - Daily Outlook for Dec 2020 - Update 2 This is an update to Daily outlook on EURNZD. - Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1. - A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend - A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones. Notes for Next week: Monthly Close : Bearish Weekly Close : Bearish Daily Close : Bullish 4H : Bearish momentum 1H : Ranging Previous daily outlook : FX:EURNZD
by Amr_Sadek
6
Strong buyWe were stuck in the trading channel last week between 1.63000 and 1.64000. I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a significant breach following the second up trend after the first sideways breakout out following a downtrend. Please comment with your thoughts and added ideas! Thank you and let’s crush this week!
Long
by Pika7993
4
Triple bullish divergence AMT AMT Weekly: The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising. Daily: There is a nice triple divergence here, on MACD-Histogram and Elder Force Index. Then a ATR channel divergence on the current decline as well. Stochastic RSI is coming from an oversold condition and supports the idea of prices going up here. Also, MACD lines are diverging as well, which is a strong sign. Entry: 2.315 Target: 2.435 Stop: 2.24 R/R ratio: 1:1.6
NYSE:AMTLong
by Tornado_Trading
Ethereum show bearish divergence in H4 timeframe; Daily chartEthereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit. Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an indication that bulls are weakness and bears are here defending the $600 USD as resistance strongest in 3 occasions. In this screenshoot are the anatomy of the chart and we see that Ethereum it's into the higher zone. So, a good point it's that Etherum could reach down to the key support trend line from May 2020. And finally, we are into the correction #4 in the elliot wave analysis and it's so nice!!! So, in summary we see bearish divergence in H4 and Daily using the RSI and MACD, and also the price action strategy!!! So guys, at the moment I entry in short position around of $593 USD with a SL at $613 USD and then, my targets will be $520 USD and $490 USD
COINBASE:ETHUSDShort
by harisonhbn9718
NOTES: MACD- MOMENTUM INDICATORMoving Average Convergence Divergence Type of Indicator: Lagging Indicator -Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price. Consist of 3 components 1) MACD Line FORMULA: EMA 12-EMA 26 2) Signal Line FORMULA: 9-day EMA of MACD Line 3) MACD Histogram: FORMULA: MACD LINE - SIGNAL LINE Functions 1) Momentum indicator for Bullish or Bearish 2) Helps in determining long or short position 3) Entry ideas TIPS (Must not be used as stand-alone Indicator) -BUY: When MACD Line Cross over the Signal Line + Reversal Candle/ Pattern -SELL: When Signal Line Cross over MACD Line + Reversal Candle/ Pattern -READY: When the MACD Histogram does not show big changes, ready for incoming big momentum either bullish or bearish Idea sourced from: -Investopedia -YouTube Rayner Teo: MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets
MYX:D&O
by TH_K
Continue to buy within this channelI do not see anything that is going to intercept NZD’s momentum. We can be confident that finding buying points within the support of the presented channel is safe until we see a significant break out of the channel. Current indicators are playing out for a buy. I place an early buy prior to the MACD signal cross. Do not take blindly and place entry points along support line. I expect an overall push to .74000 as we saw last year in Nov-Dec 2018
Long
by Pika7993
BTCUSDT 4H | Bitcoin market overview: Bulls DominationHello, dear subscribers! Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns. The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price. Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900. In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force. It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days. Subscribe to the channel and stay with us!
by CatalystsFinance
Direction watchWe are approaching key levels that offer strong supports. With NZD strength I think we may be able to push through these zones with retests at the key double zero points I mapped out. I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
by Pika7993
The Nasdaq Is Struggling at This LineLast week we cited the falling trendline in Apple. So far, it hasn’t broken out. Not surprisingly, this pattern appears in other key names like Facebook and Advanced Micro Devices. Most importantly, it’s also on the Nasdaq-100’s daily chart. The tech-heavy index has been fighting this downward trend for most of November. This morning it made an attempt to rally above it but only stalled and made a lower high versus Tuesday. Another key chart feature for NDX is the large bearish engulfing candle on November 9 – the same day Pfizer announced its coronavirus vaccine. The stock market has undergone major shifts since then as investors embrace the reopening narrative. Energy, financials, industrials and small caps have soared. The old tech leaders have been neglected. It’s also important to note that NDX initially led the bounce after the election. But then it got hammered by the vaccine news. That kind of failed rally attempt might be especially bearish because it produced a false breakout. Finally don’t forget about bond yields, which may rise now that bond prices are near the top of their channel. Higher yields can reduce the appeal of high-multiple growth stocks. Traders may want to keep their eye on NDX and consider its downside potential, especially if the broader market pulls back. Nasdaq and growth stocks may become a source of funds for investors looking to add cyclicals like financials. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:NDQ
by TradeStation
Alibaba Shows Oversold ConditionAlibaba is the most prominent of the major Chinese technology stocks that have soared in 2020. It fell sharply after authorities suspended the initial public offering of its Ant finance arm on November 3. That decline has landed BABA deep in oversold territory, according to stochastics. This is the most oversold since June 2019 when Beijing and Washington were clashing over tariffs and trade. BABA has also returned to levels from July and August. The current price area around $260 is near the top of a bullish triangle that the shares escaped in late August (and retested on September 25). Other Chinese tech stocks have kept climbing lately – even as the Nasdaq struggles. At this point there’s a lot of bad news priced into BABA, even though Singles Day set new records. Traders may want to watch for the e-commerce giant to stabilize and start thinking about some kind of bounce. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:BABA
by TradeStation
1