Currency-trading
AUSUSD 1998 Lows| Volume Climax| Technical Level Evening Traders,
Today’s analysis will be on the Australian dollar, taking a hit after breaking local support. Currently it’s trading at a pivot point that needs to be defended by the bulls.
Points to consider,
- Consecutive lower highs
- Local support breached
- 1998 Lows tested
- Volume climax evident
- RSI oversold
- Stochastics in lower region
The Australian dollar has been putting in consecutive lower highs, a clear defined down trend on the monthly time frame.
Local support was breached earlier this year, posting a 17% loss; it has officially tested its 1998 lows. This area is a strong trade location, pivot point, where a bounce was expected.
The RSI is officially oversold; a return to neutral territory is imminent. Stochastics on the other hand is trading in the lower regions, can maintain here for an extended period of time, however lots of stored momentum to the upside.
There is evident volume climax, signally seller exhaustion, allowing bulls to defend promptly.
Overall, in my opinion, a relief rally is probable from such oversold conditions, this really all depends on the current macro situation.
What are your thoughts?
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And remember,
“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
Crypto Trading | BTCUSD bearish movementA possible double top on the level $9,140, RSI (Oversold) shows signs of divergence and momentum start to slow down, MACD showing signs of crossing which might indicate a possible bearish move.
A confirmation is needed to confirm the move, waiting for a re-test of the level and observe the behavior of the market movement before entering
GBPDKK: Long term Sell opportunity.The pair has come a few points away this week from breaking into the 1M 8.8050 - 8.9550 Resistance Zone, on an extended 1W bullish streak (RSI = 67.077, ADX = 48.241). This level has been holding as a Resistance since November 2016 and rejects the uptrend every time.
It is natural to assume that this will happen again especially as the 1W RSI has Double Topped. This time also the 1W MA200 is coming in to apply pressure. Our Target Zone (on the medium term) is 8.4000 - 8.2500, which are symmetrical Support levels.
See how well those levels have helped us to call exact long entry and target levels on our last GBPDDK analysis:
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AUDSGD: Medium term Sell Opportunity.The pair is trading within a 1W Falling Wegde (RSI = 38.277, MACD = -0.007, Highs/Lows = -0.0017) within a wider 1M Channel Down (RSI = 32.243, MACD = -0.023, Highs/Lows = -0.0181). Both patterns call for a new Lower Low which should hit at least 0.92000.
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EUR USD Buy Opportunity you don't want to missEUR/USD (4 Hours) Starts to decline, but the recent upward trend remains unchanged
The euro/dollar weakened in early trading today, breaking away from a strong period and hitting a two month high on Friday. The expectation of a near-term break of 1.1111 is that we may see further gains in the short term. So while we see some downtrend, this looks like a buying opportunity unless the pair falls below the 1.1115 shock low.
Possible NZD/USD Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ current levels - .... and fall to the 0.66 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.66
FX:NZDUSD
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.66
Target 2 @ ....
Risk/Reward @ 4.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
EURUSD Trading Plan
EURUSD will most likely approach a falling trendline,
looking left, we see that identified vertical resistance matches perfectly with horizontal structure resistance on the left.
so, for us, the area around 1.119 is a very good zone to sell the market.
Initial target around 1.116
Second target 1.113
British Pound (GBP/USD), Daily Chart Analysis Feb 27Technical Analysis and Outlook
The British Pound has established its path towards extended Currency Rally marked at 1.3480 following completion of the Inner Currency Rally $1.3333 . On the downside, we have developed a new strategic Key Sup $1.3040 (For more Market Commentary, please visit the TradingSig_dot_com).
British Pound (GBP/USD), Daily Chart Analysis Feb 8Technical Analysis and Outlook
The Sterling has completed Currency Dip 1.2878 , therefore, expect a solid rebound to Mean Res 1.3064 and /or 1.3112 , while on the downside we have established Mean Sup 1.2715 . (For more Market Commentary, please visit the TradingSig_dot_com).
British Pound (GBP/USD), Daily Chart Analysis Jan 18Technical Analysis and Outlook
Sterling performed superbly by coming-off of Mean Resistance 1.2876 to fulfill Mean Support 1.2714 trading range for healthy 162 pips down and up in the same session.
On the upside, we have current Key Resistance 1.2990 as a significant roadblock; however, while next Currency Rally 1.3026 is resting comfortably above. (For more Market Commentary, please visit the TradingSig_dot_com).
EURUSD on the verge of breaking necklineOn Daily chart it is visible that pair forming inverted head and shoulder like pattern.
If price breakout from neckline it can rise up to level 1.1470.
Pair taking Support at 1.1320 and facing Resistance 1.1430 if this level taken out the sharp rise in price possible till 1.1470-1.1500.
GBPUSD long idea - possible retracement back to the 61.8 levelGiven the recent news for the pair I believe that my idea for a long is still intact, somewhat. A reward/risk ratio that is appealing is attracting me to this idea once again. With an immediate SL level set at 0% the risk, in my general opinion, is small.
EOS Crash not over yet!! Another 45% to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
EOS in free-fall !!
BITFINEX:EOSUSD is down by more then 83% this year!!. We are looking for another significant drop to the @2 level, thats another 45% wow!
From my experience stay on the sidelines.
Follow your Trading plan, remained disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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