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Exponential Moving Average (EMA)

NZDUSD Rising Channel|Daily Resistance|.50 Fib|Channel Support Evening Traders, Today’s Analysis – NZDUSD – trading in a rising channel testing its median, a test of daily S/R is probable. Points to consider, - Price Action Channel - Channel Support Confluence (.50 Fibonacci & 200 EMA) - Daily S/R Resistance - Oscillators Diverging - Low Volume NZDUSD’s immediate price action is trading in a clear rising channel converging with upper daily S/R. This is a key structural resistance that will allow us to have a bearish bias on an initial rejection. Channel support is in confluence with the .50 Fibonacci and 200 EMA, high probability of the next trade location. The RSI has a valid bullish divergence that is likely to play out into daily S/R, validation will be upon an influx in volume towards the upside. Overall, in my opinion, NZDUSD 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, “Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit, rather than focusing on the information that reinforces their fears.” Mark Douglas
Short
by AzizKhanZamani
CADJPY ShortCADJPY Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. CADJPY S (not in position) D - Waiting for further development before I place a live entry on this one, but it looks very rnearentry criteria for myself. I want to see price reject off the 50 EMA with a nice pattern. 4HR - Clean bear channel forming to wait for the 40 EMA to catch up with price. Still nice bear momentum. 1 HR - Already formed a triple top range area and can reject back into range to the downside or hover a bit longer crawling to the upside before a strong breakdown. 50 EMA not in favor. 15Min - 15 EMA not in favor but still looking nice after a near triple touch range. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 71 pips. Target: @ .6700 level.
Short
by Reid_Hicks
USDCHF Daily S/R| .618 Fibonacci| 200EMA| Swing High| Low VolumeEvening Traders, Today’s Analysis – USDCHF- breaking key Daily S/R, holding structure will change the local trend. Points to consider, - New swing high - Daily S/R Support (200 EMA & .618 Fib) - 21 MA Resistance - Oscillators Divergence - Volume Below Average USDCHF’s Price Action has established a new swing high above Daily S/R. This shows strength in the market allowing us to have a bullish bias. The Daily S/R is current support, holding this level will maintain a higher low structure. This area is also in confluence with the .618 Fibonacci and 200 EMA. The 21 MA is local dynamic resistance, breaking this in the immediate term will signal bullish momentum. Both Oscillators have a hidden bullish divergence, price action showing strength now will confirm a swing low failure on them. The current volume is below average, an influx is probable when testing key trade locations such as the Daily S/R. Overall, in my opinion, USDCHF 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, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Long
by AzizKhanZamani
5
NZDUSD Weekly S/R|200DMA|Broadening Wedge .618 Fib|Bearish PAEvening Traders, Today’s Analysis – NZDUSD- trading in an Ascending Broadening Wedge with bearish price action, a retest of Weekly S/R likely. Points to consider, - Bearish Structure (H&S Pattern) - .618 Fibonacci Resistance - Weekly S/R Support (200DMA Confluence) - RSI Bullish Divergence - Stochastics Buy Cross - Volume Declining The current price action for NZDUSD is bearish representing the psychology of a head and shoulders pattern. The larger formation, the Ascending Broadening Wedge has a higher probability of breaking down. This allows us to have a bearish bias on the market. The immediate price action has a bullish divergence playing out as indicated by the RSI and the buy cross on the Stochastics. Price is likely to respect resistance from the .618 Fibonacci to complete a probable right shoulder. Weekly S/R is current macro support with the 200 DMA in confluence; price is likely to come for a back test ad hold of this level. The volume profile is currently declining, indicative of an influx when key trade locations are tested, especially Weekly S/R levels. Overall, in my opinion, NZDUSD needs further development in price action before any valid short entries. Price action is to be monitored upon discretion when placing trades. Hope this analysis helps Thank you for following my work! And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Short
by AzizKhanZamani
2
GBPJPY ShortGBPJPY S Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. GBPJPY S (2 live positions) D - Broken down out of rising wedge for a reversal. Potential to reach bottom of range around 124 level. 4HR - Currently in trade but looking for a nice rejection from the 4hr 50 ema and if it is broken to the upside with strong momentum then I will consider closing down the trade. But other than that, this is a longer-term hold. Current position is BE across 2 positions. 1 HR - 50 ema has broken to the upside but still holding anchor on 4hr. 15Min - looking at the bigger picture not zoomed into the 15min on this one. Will manage SL according to 50 EMA across bigger time frames. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 142/340 pips - very big pip spread. Target: bottom of daily structure. The bottom (or start of) the previous ascending wedge pattern/rising wedge.
Short
by Reid_Hicks
2
APPLE 3 Possible Scenarios$AAPL I see following possible scenarios: 1. (GREEN) Today was a perfect bounce off 15 EMA ~$105 on Weekly chart. Price could move higher to ~$135 using this strong historical support as a "trampoline" 2. (ORANGE) Today was a dead cat bounce witnessed on support weekly ~$105 support only for possible lower moves to $80-$90 support range in near future 3. (RED) Today was fake out and we continue downward slide to $80-90 support area. I think scenario 1 is the most likely to play out and I have bought the recent dips. Of course anything can happen and that's why its important to manage risk and set stop losses. Let me know what you guys think! Discussion and hearing other view point is great. NASDAQ:AAPL
NASDAQ:AAPLLong
by saransound
1
NEP 1D 200EMA TRAILING STOP LOSSHow can I use Exponential Moving Averages (EMA) to trail your Stop Loss? The exponential moving average provides us with great areas of dynamic support and resistance levels. This information is especially useful for traders that are placing stop loss (SL) orders. Rather than using static levels for your stop loss, you can trail your SL above/below a relevant EMA. As an aside note, make sure you always use a buffer for your SL to account for the inevitable false breakouts. Here is an example:
NYSE:NEP
by Tradingstrategyguides
2
PRPL 1D 200 EMA PULLBACK STRATEGYHow can I use Exponential Moving Averages (EMA) to trade Pullbacks? Trading pullbacks with EMA can be done profitably as long as we use a long-term exponential moving average. And, without a doubt, the 200-day EMA is probably the most powerful moving average that a trader can use. For a valid EMA pullback setup we need two things to happen: First, a break of the EMA. Second, the price needs to move further away from the EMA, creating an empty space. Once these two variables align together we have a powerful EMA trading setup. Here is a stock chart highlighting this EMA stock trading strategy:
NASDAQ:PRPL
by Tradingstrategyguides
USDCHF - Triple Break and Trend ContinuationHi Traders! The market is in a longterm Downtrend. Let's begin our mtfa with the Daily Timeframe: Here you can see the most important Levels for the market. It is simple and direct. At this moment the market is at the Resistance and the 50 EMA, so we expect a Pullback. Let's continue with the H4-Timeframe: In this screenshot you can see between which Trendlines the market is moving. It is moving between those two Trendlines which results a Wedge. Finally, let's switch to the H1-Timeframe: We already decided that we only want to take short trades. If the market moves down lower, it'll make this: - Breaks the Trendline - Breaks the Support - Breaks the 50 EMA The SL is above the last highest high. The TP at the 76.8% Fibonacci Retracement Level. We recommend to trade the market with a Retest. Thanks and successful Trading :)!
Short
by swissmoneymakers
2
GBPUSD Double Top| Range High| 200 MA&EMA| Bearish PA Evening Traders, Second analysis – GBPUSD- short trade with risk defined above range high, technical points to consider, - Double top resistance - Range mid confluence (200MA) - Range low extended target - Bearish price action GBPUSD’s initial rejection is very bearish, establishing a double top at range high. Price action is likely to test range mid, the area is of technical confluence with the 200 MA and EMA. Breaking range mid will make the immediate target, range low; historically price has respected this level. Overall, the current price action is bearish with lower projections. Rallies are to be sold into. Hope this analysis helps! Thank you for following my work! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Short
by AzizKhanZamani
If you didn't know which company this was, would you buy?Would you buy purely on the technicals not knowing what stock this is? It's tempting! Looking at a long-term monthly chart over a 30+ year time frame you can see each time RSI reached the 32.6 level this stock has bottomed. The large time frame over which this has been observed strengthens my confidence that this could be yet another bottoming for this stock. The last four instances dividend yield has peaked above the current 7.88% annual dividend yield, this has also corresponded with a major bottom for this stock. On a weekly frequency, the MACD MAs have been establishing a series of higher lows further confirming a long-term bottom is forming. Lastly, the 200 Monthly EMA has been a strong support line over this 30+ year time frame. It looks as if the 200 EMA has held once again and price is now working it's way up of this support area. From a purely technical perspective, I would buy this stock. Even if this stocks hovers sideways along its 200 Monthly EMA there is a nearly 8% dividend to collect. With all that said, I do think this is a controversial stock but I think there's a compelling fundamental story too. Gross margin % and operating margin % have been steadily increasing over this long time period. There are also new frontiers (such as cannabis $CRON) which have the potential to be profitable investments in the long-run. However, Juul is an example that hasn't worked out well and resulted in losses for the company. The company currently trades at 9.41 full-year forecasted earnings and price-to-sales ratio of 3.85. I still think this is an opportune time to get in at cheap valuations supported by technicals meanwhile collecting a large and sustainable dividend.
NYSE:MOLong
by Kappy
5