SHORT - $AUDJPYPrice has been holding inside this channel after big drop from BOJ rates/bonds announcement.
If price breaks out of channel to the downside I believe we can see price @ 86.000.
Goodluck to all, HAPPY 2023 !
Channeltrend
GOLD bullish after news + new supportChina the top gold consumer said the travelers after 8th January would no longer have to go to quarantine.
And as we can see since the open market the gold is on bullish.
We can also watch the support has moved and the channel is making higher highs
However the price coudl retest the 0,5 fibo, so we would put our SL little bit below from the 0,5 line
Siri setup for uptrendSiri is at the bottom of its trend channel. Expecting it to go back up soon, Good spot to buy now or $5.75 if you want more at the end of the dip, but trend shows this point might be going back up.
DGSTACC: VIX MACRO ANALYSIS / CONFIRMED CHANNELS & RESISTANCEIn the chart above I have provided the following:
1. Channel confirmation on the daily timeframe.
2. Current downtrend channel in VIX that appears to be coming to an end that should definitely expire by January 24th.
3. Resistance marker at 25 from previous tests can indicate strong support for SPY in return as it can force VIX to stay in demand zone.
Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level.
RSI Overbought
As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26.
During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel.
TON Ascending Channel
From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally.
A rally of this magnitude would send TON's price to the top of the channel, right around $3.00.
Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
gbpusd, shortSimilar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again.
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Bitcoin on 24K channel fighting to reach 30KIn this important video I described you how bitcoin is reacting to the financial market's current trends... Don't forget to give it a boost!
GBPUSD watch this levelEven though this multi-timeframe analysis gives mixed signals, the areas of GBPUSD consolidation are accurately shown by the indicators. On each of the 3 timeframes the main level to watch is the Cosmic Gravity basis line - price crossing above it will be a bullish signal and vice-versa.
$ETH - What now?$ETH - What now?
Honestly, the answer is nothing. I haven't traded or even bothered with crypto overall for months. I actually have preferred the classic gold and silver. There is nothing exciting going on and if I get in crypto it's only for long side. There is no long side for me at the moment we within the ranges and break to either direction but with crypto overall it lacks regulation, we saw that throughout various collapse of firms and the infrastructure is very new. IMO - I am out until it suits my plan to get back in for now, I prefer the side-lines.
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Will Ethereum go up or down?With crypto markets being how they are. I don't publish any analysis really on crypto markets but here my first attempt. But this is what I got from a while ago, just never published it.
Testing the channel #XRPUSDT Between uncertainty and waiting for a judgement, testing the local ascending channel!!
EURCAD I How to trade it this week!Welcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
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GBP/USD Time To Short?I'm new to charting this asset, but based on what I was able to chart here on the 1H, it seems very clear to me that a considerable fall is looming. I could see it consolidating a bit at the top portion of the uptrend channel I have drawn up. I'd expect it to take a dive by mid January 2023 at the latest--> $1.18596 is my price target. Of course Only Time Will Tell
Investment idea on Idea stock ( upward channel)The stock is trading at demand zone , very soon the journey will start , the buying strategy is on every dip. chart posted for educational purpose. The levels as mentioned in chart to be follow very closely.
Photoronics Uptrend AnalysisPhotoronics up trending following a distinct uptrend pattern after consolidating from a correction.
#AUDCAD potential long term selling opportunitytake a look at where price currently is sitting on and the long term resistive cluster around price...
price at the moment is testing a bearish weekly channel resistance line and also at weekly high which means if the downtrend in weekly scale wants to resume price cannot close above this high. although that price can whipsaw above it but it can't close above it.
for taking a position depends on the kind of a trader you are say risk averse or risk seeking you may enter now or wait for a more and clear confirmation in lower timeframe. and perhaps waiting to see a shift in market structure or chart pattern formations.
Also we can see a bearish divergence between price and RSI indicator in Daily time frame.
EURAUD Intraday Buy from DemandWelcome back! Let me know your thoughts in the comments!
**EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Possible for uptrend it is reversing from supportline It took support at pivot S1 and channel pattern. Keep it ur watchlist
Watching AUD.USDHello Traders.
Anyone else watching the AUD.USD Daily chart?
I'm waiting to see if the price will continue to the downside or break to the upside.
This could be a good trade idea; however, we need to wait and see what price does.
Let me know what you think, what do you think the price will do?
Happy Trading
Samantha
GBPCHF OLHC (BUYS) MONTHLY STRUCTURE (NOVEMBER 2022)1.14664)GBPCHF OLHC (BUYS)
MONTHLY STRUCTURE
(NOVEMBER 2022)
MONTHLY STRUCTURE (DAILY TIMEFRAME)
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Monthly Structure for GBPCHF in the DAILY timeframe is OLHC(OPEN LOW HIGH CLOSE) BUY SETUP .
Price is currently also in a bullish channel and a perfect target after TDI Priceline and bloodline cross will l be the OPEN (1.14626) .
Waiting on a TDI cross to confirm the presence of BUYERS in Markets.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
POLYCAB!! MAJOR TRENDS!Polycab is a great stock with a good fundamentals.
i have drawn the major trends supporting from its IPO time and from corona's crash.
from past 14-15 months the stock is following the same channel, and has given about no returns.
since it has a good fundamentals and the sales are growing nicely, i see a good upside movement.
but on the flip side, this channel is acting like a consolidation part after the movement given after 2020 crash.
this also says the strength of the stock, which is preventing the stock to fall.
after 20th June, it has kept on rising, and recently it gave a pullback. but its a good stock to now buy, since it is landed on a good trend line, and will now rise further on.
in the couple of months, i see a good upside movement on this stock.
the large blue line which i have drawn is just a speculating line, if possibly the stock gets a good movement, it could go on further rising to that line.
GBPUSD - It's amazing how the market respected the channel It is amazing that till today the market still respect the parallel channel that I've drawn eons ago. I'm waiting for candlestick pattern confirmation to engage the trade.
EURCAD Short from resistance Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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