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Exponential Moving Average (EMA)

GOLD Daily S/R| Swing High| .382 Fibonacci| Price ActionEvening Traders, Today’s analysis – GOLD- trading above Daily S/R where a retest is probable, Points to consider, - Price Action Impulsive - Daily S/R Support (.382 Fibonacci Confluence) - MA Golden Cross - Oscillators Bullish Control GOLD’s immediate price action is impulsive above Daily S/R, a retest will allow for a long entry. The Daily S/R is in confluence with the .382 Fibonacci, a pullback is likely to finish with a wick formation. Immediate averages are crossing (200 EMA&MA), this is a signal of a bullish cross being imminent. Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market. Overall, in my opinion, GOLD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
TVC:GOLDLong
by AzizKhanZamani
8
How to use MTF T-Line (8 EMA)T-Line stands for Trigger Line and is 8 EMA, concept invented and taught by American trader Steven Bigalow. He uses daily 8 EMA and stays in trades as long as price is above or below 8 daily ema. If price closes below or above 8 daily ema in the opposite direction he exits. I went further with this concept, implementing Multitimeframe 8 ema trading system which is very effective. For that one needs indicator able to plot higher resolution EMAS on lower resolution charts (Moving Average Collection by Wataru Inoue can do that - www.mql5.com - better than TradingvIew MTF ma function). But you need a powerful PC (8 GB RAM at least) as many PC freeze when applying MTF indicators especially on many charts. For exits, reversal or entries you may add Pivots (Camarilla, Fibonacci Pivots seem to be most effective resistance support levels, especially longterm ones yearly, monthly, weekly). But you are free tp use Ichimoku, daily, monthly, weekly highs, lows or whatever level tools convinient. At least this system will help you to stay on the right side of the market. This sytem works well with gold, oil, sp500, eurusd, btcusd and many other pairs. Good luck my friends!
Education
by ICFX
EURCAD Daily S/R| Bearish Retest| .618 Fibonacci| Price ActionEvening Traders, Today’s analysis – EURCAD- price trading below Daily S/R where a bearish retest is probable, Points to consider, - Price Action Impulsive - Daily S/R Resistance (.618 Fibonacci Confluence) - 21 EMA Local Support - RSI Bullish Control Zone - Below Average Volume EURCAD’s immediate price action is below Daily S/R that is in confluence with the .618 Fibonacci, this allows for a bearish bias. The 21 EMA is current support, holding this level is crucial in the coming hours. The RSI is currently trading in its respective bullish control zone, holding this level is indicative of strength in the market. Volume profile as of now is trading below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, EURCAD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
Short
by AzizKhanZamani
5
The 50 Moving Average - The best Indicator?It is clear why so many traders use the 50 period moving average, just one look at this chart shows how useful the indicator is. Used by traders as a dynamic level of support or resistance, the 50 moving average takes the last 50 candles / bars, and shows the average closing price of those 50 periods. You can see how the EURJPY has respected it as both a support and resistance, and often when price breaks through it in one direction it will retrace to retest the moving average. We recommend you learn more about both the simple moving average and the exponential moving average (weighted to favour recent data).
by ToniSignals
VTHO STEADY GROWTH? UPWARDS OF 40% GAINS INCOMINGBINANCE:VTHOUSDT A few days ago we looked at VET's bullish indicators. VTHO is the gas of the VeChain ecosystem, so generally if VET sees major growth in price and volume VTHO follows. Doing technical analysis on VTHO to confirm our beliefs, we see our EMA20 still trending above the EMA50. We just hit a very important point where price touched the EMA20 (first support). If we see a nice rebound and remain within the purple lines a nice bull run can be expected. The awesome oscillator also confirms this trend with the lines steadying out and turning red, best case scenario would be the lines to go back green and continue rising along with price. I try to point out these moves BEFORE they happen, not just post analysis on bull runs. Please understand this can still take a short turn down based on overall market sentiment, but most indicators point to be very bullish. This is not financial advice! Please trade at your own risk.
Long
by mattforutan
2
NZDCHF Daily Range|.382 Fibonacci|21 EMA| Swing Low|Price ActionEvening Traders, Today’s Analysis – NZDCHF- finding range high as resistance, a reversion to range-mid is probable, Points to consider, - Price Action Impulsive - Mid-Range Support (.382 Fibonacci Confluence) - 21 EMA Dynamic Support - Range High Resistance - Below Average Volume NZDCHF’s immediate price action is impulsive above Range Low; a retrace is healthy for further upside. The current Range- Mid is in technical confluence with the 21 EMA and .382 Fibonacci, price action is likely to have a reaction here. Range High is immediate resistance, price breaking this level with conviction will negate the short trade. The volume profile is below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, NZDCHF is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
Short
by AzizKhanZamani
4
EUR/USD Short ideaLooking to get into a Short position intra day under following conditions only. 1: Break of the current 4hr trendline 2: Break of the recent low 3: Break of the 50 EMA 4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe 5: Bearish confirmation of candle such as bearish engulfing, pin bar etc. These as confluence under my trading plan would create a valid trade. SL is place above the recent swing high to give the trade to breath and look for liquidity if required before the move. Risk management is key. Good luck to all
Short
by LewisBWalsh
NEARUSDT Double Bottom| Local S/R| Swing High| EMA Ribbon Evening Traders, Today’s analysis- NEARUSDT- trading above Local S/R, a confirmed retest and hold in bullish. Points to consider, - Price action impulsive - Local S/R Support (.382 Fibonacci Confluence) - Swing High Target - RSI Bullish Control Zone - EMA Ribbon Support NEARUSDT’s immediate price action is impulsive above Local S/R, trading above these regions will allow us to have a bullish bias on the market. Local S/R is current support that is in confluence with the .382 Fibonacci, a back test is likely to respect the level on first attempt. The immediate target is swing high; exceeding this level increases the probability of trend continuation. Current RSI is trading in its bullish control zone; remaining in these area is indicative of strength in the immediate short term. The EMA Ribbon has confirmed a bull cross, maintaining price action is indicative of a trend. Overall, in my opinion, NEARUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani
Neo formed ABCD bullish pattern!!!So, in H1 timeframe. NEO forme a bullish pattern, but we can see continue drop in the price!!! But, we will need to take a perspective that in the purple quarer that I mark, NEO touch the EMA 200 and in any moment NEO could to change the trend and we can to be cautelous when the price touch the EMA 200 and we can see a possible change o momentum of the trend. It's so interesting. But right now, we nee to confirm the 0.618% as posible continuation o the bearish trend but limited!!! So, my target proti will be $13,67 USD and my price entry it's around of $14.79 USD with a SL at $!5.28 USD. So, we would need to take this perspective. So, I do not entry in H1 timeframe until we see any bearish pattern in 30 minutes. That it's my key to trade this par!!! So, the trade it's very good, but we will need to be cautelous and it's very possible that NEO make a little correction and I hope any change o trend!!! So, the most is to hope that NEO make a coirmation on this green zone to entry in the little short position of just exactly $1 dollar drop in NEO.
BINANCE:NEOUSDShort
by harisonhbn9718
1
Materials at multi-level supportMaterials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors) Today it is resting on the 100ema, which has been supportive since march 23rd crash. This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout, which worked the next time it tried. OBV has been supportive of the uptrend. (BULL) RSI showing slight divergence as the last bottom late September has a slightly higher RSI(10) than the current one. (BEAR) A strong close below $60 would deny the support, and make the chart a short-term bearish one.
AMEX:XLBLong
by dorfmanmaster
ETHBTC Dynamic S/R| 200 DMA| .618 Fibonacci| Declining Volume|Evening Traders, Today’s Analysis – ETHBTC- trading at a key trade location where a pivotal move is probable. Points to consider, - Price Action Higher Low - Support Zone Confluence - EMA Ribbon Resistance - Oscillators Extended - Declining Volume ETHBTC’s immediate price action is trading on its dynamic support, maintaining higher highs and higher lows in market structure. This allows us to have a bullish bias on the market. Support Zone has multiple technical confluences – 200DMA, .618 Fibonacci, and Daily S/R. A bounce here is highly probable upon first test. Immediate resistance is Daily EMA Ribbon that is in confluence with range-mid. breaking this level will likely test upper Daily S/R. Both oscillators are extremely oversold, and oversold bounce play has a high probability of occurring. The Volume profile is clearly declining, this is indicative of an influx coming to fruition when testing key trade locations. Overall, in my opinion, ETHBTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
Long
by AzizKhanZamani
4
AUDJPY 1H EMA STRATEGYExponential Moving Average Strategy (Trading Rules – Sell Trade) Our exponential moving average strategy is comprised of two elements. The first degree to capture a new trend is to use two exponential moving averages as an entry filter. By using one moving average with a longer period and one with a shorter period, we automate the strategy. This removes any form of subjectivity from our trading process. Step #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platforms come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the EMA crossover and for the price to trade below the 20 and 50 EMA. The second rule of this moving average strategy is the need for the price to trade below both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover, which will add weight to the bearish case. We refer to the EMA crossover for a buy trade when the 20-EMA crosses below the 50-EMA. By looking at the EMA crossover, we create an automatic buy and sell signals. Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bearish sentiment is strong enough to push the price further after we sell to make a profit. To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested once when selling (and at least twice when buying,) then look for selling opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for 1 successive and successful retests of the zone between the 20 and 50 EMA. The successful retests of the zone between 20 and 50 EMA give the market enough time to develop a trend. Never forget that no price is too high to buy in trading. And no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest. Now, we still need to define where exactly we are going to sell. This brings us to the next step of the strategy. Step #4: Sell at the market when we retest the zone between 20 and 50 EMA for the third time. If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and sell at the market price. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower. Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy. Step #5: Place the protective Stop Los 20 pips above the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips above the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts. The last part of our EMA strategy is the exit strategy. It is based again on the exponential moving average. Step #6: Take Profit once we break and close above the 50-EMA In this particular case, we don't use the same exit technique as our entry technique, which was based on the EMA crossover. If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse. Because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. For a Buy trade we wait for 2 retests of the zone. After the EMA crossover happened. How to Trade With Exponential Moving Average Strategy. The exponential moving average is the oldest form of technical analysis. It is one of the most popular trading indicators used by thousands of traders. In this step-by-step guide, you’ll learn a simple exponential moving average strategy. Use what you learn to turn your trading around and become a successful, long-term trader! A moving average can be a very effective indicator. Many traders use exponential moving averages, an effective type of moving average indicator, to trade in a variety of markets. An exponential moving average strategy, or EMA strategy, is used to identify the predominant trend in the market. It can also provide the support and resistance level to execute your trade. The Exponential Moving Average EMA Strategy is a universal trading strategy that works in all markets. This includes stocks, indices, Forex, currencies, and the crypto-currencies market, like the virtual currency Bitcoin. If the exponential moving average strategy works on any type of market, they work for any time frame. In simple terms, you can trade with it on your preferred chart. Also, read the hidden secrets of moving average. Let’s first examine what a moving average is and the exponential moving average formula. After, we will dive into some of the key rules of the exponential moving average strategy. Exponential Moving Average Formula and Exponential Moving Average Explained. The exponential moving average is a line on the price chart that uses a mathematical formula to smooth out the price action. It shows the average price over a certain period of time. The EMA formula puts more weight on the recent price. This means it’s more reliable because it reacts faster to the latest changes in price data. An exponential moving average tries to reduce confusion and noise of everyday price action. Second, the moving average smooths the price and reveals the trend. It even sometimes reveals patterns that you can't see. The average is also more reliable and accurate in forecasting future changes in the market price. There are 3 steps for the exponential moving average formula and calculating the EMA. The formula uses a simple moving average SMA as the starting point for the EMA value. To calculate the SMA, take the sum of the number of time periods and divide by 20. We need a multiplier that makes the moving average put more focus on the most recent price. The moving average formula brings all these values together. They make up the moving average. The exponential moving average formula below is for a 20-day EMA: Initial SMA = 20-period sum / 20 Multiplier = (2 / (Time periods + 1) ) = (2 / (20 + 1) ) = 0.0952(9.52%) EMA = {Close - EMA(previous day)} x multiplier + EMA(previous day). The general rule is that if the price trades above the moving average, we’re in an uptrend. As long as we stay above the exponential moving average, we should expect higher prices. Conversely, if we’re trading below, we’re in a downtrend. As long as we trade below the moving average, we should expect lower prices.
by Tradingstrategyguides
GBPJPY Local S/R| .618 Fibonacci| Swing High| Low volume|PA Evening Traders, Today’s analysis – GBPJPY- trading under Local S/R with bearish price action, further downside probable, Points to consider, - Price action impulse - Local S/R Resistance - .618 Fibonacci & 200 EMA confluence - Low volume GBPJPY’s immediate price action is trading under Local S/R, therefore any rallies are considered bearish retests. Local S/R Resistance is in confluence with the .618 Fibonacci and 200 EMA, adding probability to a bearish retest. Lower Local S/R is projected target, price breaking below will increase the probability of establishing a lower low. The volume climax is currently below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Short
by AzizKhanZamani
1
EURUSD BREAK & RETESTHere we have a high probability drop. CONFIRMATIONS: 1) It breaks & retest it's channel 2) Based on price action (1H candles seem to reject the buyers & wants to keep going down). 3) DXY (Dollar Index) seems to bounce up that mean the opposite for the EURUSD 4) It was forming for a drop but because USD PPI it go up to retest. 5) Market go to EMA 200 & respected it so EMA 200 works like resistance to EURUSD. 6) EMA 50 breaks EMA 200 to downside. ENTRY: (1.1768) STOP LOSS: (1.1803 - 35 pips)---> 1.1800 key level TP1 : (1.1733 - 35 pips ) 1:1 TP2 : (1.1698 - 70pips) 1:2 HAVE FUN & HAPPY PROFITS ! ! !
Short
by CYPRUS_MAFIA