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Exponential Moving Average (EMA)

BCHUSD Head and Shoulders! Hello Traders! Welcome to another update, Today’s analysis will be on BCHUSD, a potential head and shoulders! Points to consider, - Overall up trend, putting in higher lows - Price currently testing support and potential neckline - RSI coming into tightening apex - Stoch in neutral area - EMA’s acting as resistance at current given time - Volume tapering off on right shoulder - The .50 and .618 Fibonacci has acted as resistance to price BCHUSD may well be forming a head and shoulders pattern that could be on the verge of breaking bearish. Price is currently testing the upwards support line which is in confluence with the .382 Fibonacci and local support zone. The RSI is in a equilibrium, coming into its apex, it will break in the near future, whilst the stochs currently neutral, momentum could go either way… EMA’s are currently giving price strong resistance at current given time; there is so much confluence in this area proving that a break is imminent! A break bullish will push price to retest previous resistance zones, which are the, .5 and .618 Fibonacci zones respectively. A break bearish could see BCHUSD tank to and below yearly lows… What are your thoughts, will BCHUSD head and shoulders pattern come to fruition? Please leave a like and comment And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”Yvan Byeajee
COINBASE:BCHUSDShort
by AzizKhanZamani
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
2
RBNZ Rate Cut Outlook Might Send KIWI Lower VS YEN!Have a look at the main chart for the NZDJPY weekly TF. The horizontal lines represent concrete support and resistance levels taken from the Monthly TF. The price has already pierced the 69.000 level and is possibly headed towards the next support that is present at the 63.000 level. Furthermore, there is a neat descending channel on the weekly charts which adds further confluence towards the declining of the price. the above snapshot shows the monthly TF of NZDJPY. As seen, the horizontal lines represent the nearby support and resistance levels and currently the 69.000 level was violated as the monthly candle closed below it convincingly. The next support lies at 63.000 level where is the price will likely be headed. Fundamentally, The tradewar has affected kiwi to great extent and the RBNZ might cut the rates a further two times before 2020 to support the economy and slowdown. With the trade deal no where in sight, the safehaven demand for JPY will be high in such RISK OFF environment. Therefore such a strong YEN and a weak KIWI is a good combination to trade and take this PAIR SHORT. At the moment the USD strength is unprecedented and i am evaluating on what pair to take SHORT as taking both would double the risk exposure. currently i am waiting for the NZD to retrace slightly as its deeply oversold after dropping so much in the last month. A slight retracement would enhance our Risk to reward ratio and widen our stop loss. Once the price has retraced slightly i will post the trade details in a new post. i am not sure what would it be NZDJPY or NZDUSD.
Short
by FX618Analysis
EURCAD Weekly Trendline Violated! Price Likely To Target 1.43500Have a look at the main weekly TF for EURCAD. The horizontal lines represents support and resistance levels taken from the monthly TF. The July's monthly candle closed below 1.47000 support and additionally the August's Candle formed a strong doji rejecting and closing below the 1.47000 support. This is a strong indication that the price would likely gather pace towards the next support present at 1.43500. Furthermore, the Longterm trendline on weekly and monthly charts was violated, Further suggesting a decline is on the cards! The chart above is Monthly TF charts of EURCAD indicating the LONG-TERM Trendline violation and monthly candle breaching and closing below the support. Fundamentally the EUR is bound for further incoming weakness as the ECB is struggling to hit their inflation target and the new incoming president has already suggested the rates could further go into negative territory in order to support the growth. I am already SHORTING the EURCHF, which has slight correlation to this pair and furthermore i am already SHORT on the USDCAD. Due to these factors and i am not willing to take this trade because it would increase my risk exposure and violate rules of trading. For those of you who would like to take this pair SHORT, you could do this at your own risk with the target of 1.43500 and RR of 1:1. This trade in my view is a high probability trade with many confluence factors in favor of us. cheers
Short
by FX618Analysis
HWCC - RISKY But Trend MOVE Could Be ON CardsHouston Wire & Cable Co. engages in the manufacture and trade of electrical & mechanical wire and cable. Its products include continuous and interlocked armor cable, control and power cable, electronic wire and cable, flexible and portable cords, instrumentation and thermocouple cable, lead and high-temperature cable, medium voltage cable, wire rope and wire rope slings, nylon slings, chains, and shackles. The company was founded in 1975 and is headquartered in Houston, TX. SHORT INTEREST 171.68K 08/15/19 P/E Current 8.02 P/E Ratio (with extraordinary items) 8.68 P/E Ratio (without extraordinary items) 9.68
HLong
by DEXWireNews
DXY Likely To Make Push Towards 100.00 As USD Gathers Pace! The above snapshot was taken from the monthly DXY TF charts, showing nearby concrete support and resistance levels. The monthly candle has convincingly closed outside the 98.00 resistance suggesting that the price headed towards the 100.00 mark. The main chart is the weekly TF chart showing a well respected ascending channel. The price would likely gather pace to HIT the 100.00 Mark in the comings weeks based on fundamental market movers! Due to ongoing trade war and slight hope that a deal could be made, the demand for SAFEHAVEN USD has increased. So the question comes, which pair will likely get affected the most due to USD strength? What we observed last week was that the JPY did not gain significantly against the USD as the market were still skeptical that a trade deal was far from being agreed and due to this JPY was resilient against the USD. The CAD also was resilient supported by the strong OIL prices and GOOD fundamental datas. Against the CHF the USD gained ground but in my view trading a SAFEHAVEN currency with another will be difficult as the demand for both intensifies when RISK OFF mood is present! So cutting the chase short, last week the NZD and EUR were the biggest losers against the USD, largely due to their fundamental aspects not being too supportive. The RBNZ is thinking of slashing rates and the new incoming president of the ECB has hinted the rates could go into deeper negative territory due low inflation and growth. So it is advised to take the advantage of EUR & NZD against the USD strength. Personally i am already SHORTING the EURO against The FRANC and i would be looking to take advantage of NZDUSD when the session opens to target 0.61000 level (go to the related link ideas to find out more about NZDUSD) This just represents my outlook on the DXY. Shall a trade opportunity be feasible regarding the NZDUSD i will post it in a new post.
TVC:DXYLong
by FX618Analysis
EURJPY (CROSS) Likely To Decline Further Towards 114.00 Level!The main chart represents the weekly TF of EURJPY pair currently seen trapped in a well respected descending channel. The horizontal lines represent support and resistance levels taken from the monthly charts. A few weeks ago the 120.00 level was clearly breached and the price has continued to slide towards the next support (114.00). A close of Monthly candle below 120.00 would increase the confluence for a further fall. Its advisable to wait until the beginning of the next monthly candle so as to enter this trade with RR set at 1:1 and target at 114.00. Currently i am already shorting the EURO against the FRANC. These two pairs are highly correlated because the EURO is paired with both SAFEHAVEN currencies. Therefore to prevent double risk exposure, i would personally Not take this trade. However for those of you who are not shorting the EURO or LONG on the YEN, you can take this trade at your own risk. All in all, this is a very high probability setup and a quality one too.
Short
by FX618Analysis
NZDUSD Likely To Decline Further Towards 61 Cents! Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle and this week's candle close below 0.64000 we can take this pair SHORT to target 0.61000 level. The fundamental outlook too is against the KIWI as global slowdown due to trade war is affecting the KIWI. With the Tradewar far from over and RBNZ leaning towards slashing rates again to boost the economy, a visit to 0.61000 is highly likely. This just represents my outlook on this pair, shall a trade opportunity arise i will post it in a new thread.
Short
by FX618Analysis
3
SAFEHAVEN Demand Would Likely Propel YELLOW METAL To $1750.00!Last year it was highly anticipated that the yellow metal would break the years long held trading range and make a new high. Well all that is unraveling pretty quickly to say the least, as the trade war enters its second year with no end in sight. The two year long and ongoing trade war between the worlds two largest economies has led to fear of recession in the U.S as the yield curve inversion getting deeper and deeper. In EUROPE (germany) a technical recession has already happened with the manufacturing activity declining two consecutive times. Trump is hell bent on reducing imports from china and making the USD weak for more competitiveness in regards to exports. The FED is already feeling the pressure of the tradewar but they keep insisting that they would keeping use\ing ''wait and see approach'' for interest rate cut or hold. TRUMP wants the FED to cut rates so as to make the USD weak. Major central banks have already started easing around the globe so as to combat the effects of the trade war with exception of the FED. Markets are pricing in the FED would reduce the rates by 120BP by end of 2020 but as of the moment the U.S economy seems to be in a pretty good state and FED are pleased with the current interest rates. However with the trade war's no end in sight, the U.S economy might start to loose steam and print negative/declining data in the coming months. If this happens the FED will start easing making the USD plunge against the SAFEHAVEN pairs. Many like to BUY and HOLD the USD because of its SAFEHAVEN status, therefore even if the FED cuts the interest rate to boost the economy in the future, the USD would not fall that much unless the economic data keeps on declining or a recession happens! Other SAFEHAVENS include the JPY &CHF currencies. These two FX currencies are the go to when RISK OFF mood dominates the market . However there is a catch behind buying and holding these two currencies. The central banks of both these countries (SNB & BOJ) prefer their currency to remain weak so as to keep their exports cheap and competitive. For this reason the central banks of both these FX currencies observe and act if needed to keep the currency from sliding or appreciating too much. All in all the go to SAFEHAVEN currencies have limited gain as their central banks tends to intervene. Talking about the YELLOW METAL, Who has the power to intervene here? practically no one,as its purely based on supply and demand characteristics and due to this there is a high potential of appreciation for yellow metal in RISK OFF environment. Since the beginning of the year, the price has sky rocketed and there is still a very likely high chance that it would keep climbing upwards. A better and safer way to trade this precious metal is step by step based on breach of certain resistance levels and the fundamental outlook of the health of global economy. Here in the main chart we see can the green horizontal lines which represent resistance levels and red horizontal lines which represent support, drawn from the monthly charts. Currently the price is stopped climbing at 1550.00 which is a concrete resistance yet to be broken on monthly TF. Should 1550.00 break (the monthly candle close above 1550.00) the next target would be 1750.00. Its looking highly likely that this level would be broken, at the moment the price is in consolidative phase as there is a hope of a trade deal looming. But markets are too smart to believe TRUMP and CHINA! Because just like before,this period represents the CALM before the STORM. In the coming weeks we would be able to see how are the negotiations proceeding and is a disagreement likely to happen again or not? unless a complete trade deal is struck and held by each side, we could see the yellow metal ascend pretty fast to 1750.00 and potentially beyond. For this particular scenario, we need to wait for the monthly candle to close above 1550.00 and then its safe and suggested to go LONG to target 1750.00 This just represents my outlook and analysis on this pair. shall a trade opportunity appear i will post it in a new thread. Cheers
TVC:GOLDLong
by FX618Analysis
AUSSIE Has Bottomed! For Now Atleast. Might Aim For 0.69500 Have a look at the snapshot above for AUDUSD weekly TF. It shows the support and resistance levels represented by red horizontal lines. At the moment the price HIT 0.67000 level and is bouncing around near that level, suggesting a BOTTOM or The support has been respected (well at least for now). The main chart, shows AUDUSD on daily TF where as you can see the daily candles have started to form a range. If this range gets broken the price would aim for daily 50 EMA. Now for this to happen we need the daily candle to breakout and close above the range (note: 4hr candle would provide an early signal but there are high chances that it may be a fakeout!). After the breakout happens and gets confirmed we can opt to take this pair LONG and target the daily 50 EMA. However trading such a volatile pair on daily TF is risky as it would trigger the SL or TP quickly due to unexpected news in the current fundamental market. Therefore sticking to the weekly TF is the best option and safest based on the current market situation. For those of you who are eager to take this trade on daily TF to target the DAILY EMA, please exercise caution and do it at your own risk! Now getting back to the technical picture, we need to see the daily candle close convincingly above the daily 50 EMA so we can opt to take this pair LONG towards the 0.695000 level where the descending line of the channel is present plus the WEEKLY 50 EMA. Fundamentally, we have seen the escalation of the tradewar which has heavy effects on the AUSSIE. However we have also seen that a china is ready to start talks again with the U.S giving some hopes to the market. Due to this reason i feel the AUSSIE can target 0.69500 and then from thereafter the free fall would begin again. Shall there be any updates about the trade entry, i will provide them in a new post. this just represents my analysis and outlook of this pair.
Long
by FX618Analysis
USDJPY Weekly TF DEATH CROSS Confirmed! JPY Appreciation LikelyWhat is a Death Cross? The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock/Currency's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages. The death cross indicator has proven to be a reliable predictor of some of the most severe bear markets of the past century: 1929, 1938, 1974, and 2008. Investors who got out of the stock market at the start of these bear markets avoided large losses that were as high as 90% in the 1930s. Because a death cross is a long-term indicator, as opposed to many short-term chart patterns such as the doji, it carries more weight for investors concerned about locking in gains before a new bear market gets underway. An increase in volume typically accompanies the appearance of the death cross. Source: www.investopedia.com Now as the definition of this rare EMA crossover has been defined as above, we can technically expect JPY appreciation in the near future, which might be sustained due to many fundamental factors. If this holds right, we could not only see USDJPY Plummet over the coming years but also many JPY related currencies particularly the EURJPY, AUDJPY & NZDJPY. The above snapshot is from USDJPY weekly TF which shows the occurrence of death cross signal, followed by continued decline of the USDJPY and recovery (golden cross). During the whole turmoil and the very start of the financial crisis back then, the death cross gave a strong signal of impending recession! The golden cross in 2013 was the sign of period of recovery in the markets as risk appetite returned and GOLD fell from multi year tops. A week ago the death cross has happened again. In the main chart as it could be seen, the EMA used are 50 and 200. A crossover has already been confirmed at this point, but ask yourself this; could this be a beginning of a long term downtrend? The answer to this question lies in the fundamental factors that are currently dictating the markets. The major factor here which is held accountable is the TRADE WAR!. For past one year this battle between the world's two largest economy has been going on with no end in sight, Furthermore things just seems to get worse as TRUMP is hell bent on reducing china imports into the U.S. The trade war has lead to the following things which has completely reshaped the financial markets: 1) U.S yield curve inversion has sparked the fear of recession forcing many to retreat to safehavens 2) Global slowdown resulting from the trade war, has forced many central banks to start an easing cycle of cutting interests rates 3) TRUMP is forcing The FED to cut interest rates aggressively in order to make USD weak and boost the economy FED has now completely changed their course to easing with predictions coming for a 120BP cuts by the of 2020. Should the FED cut rates to support the economy from a possible recession we could see the USDJPY plummet whereas should they keep defying TRUMP and hold the rates steady or cut less, we could see this pair being stubborn to drop. All in all its looking more likely that the FED would keep easing slowly which would see JPY appreciate. In other perspective, A global slowdown would hit NZD, AUD & EUR to such an extent that the JPY would gain stronger ground against all these three pairs compared to any other currency. This is just my outlook on the JPY futures based on current and past fundamentals and as of now all things are pointing towards JPY appreciation. A trade entry could only be made based on technical picture in correlation with the fundamental one. Currently the price is held within a long term triangle, once breached we could make an entry and aim for 101.00. Shall there be any updates i will provide them in a new thread. cheers
Short
by FX618Analysis
1
89 EMA or $10,000... which is propping us up?It might appear as though BTC is repeatedly testing the $10,000 psychological level, and of course it has. But when plotting entry/exit trading points, you should be aware of where BTC is finding true support... For the past six weeks BTC support has very reliably been the daily 89 EMA. Since we topped out on 26th June we have entered into a bullish pennant, between the 89 EMA and a downward sloping resistance line. The 21 EMA has been a clear indicator of if we are bullish or bearish within the pennant. In the next month, though likely much sooner, BTC will have to decide which direction it wants to break out of the pennant . We are due a test of the 21 EMA on the weekly, which would bring us down to around $9000... if that holds, the likelihood of a strong move upwards and the bull run finding renewed strength is greatly increased. If the weekly 21 EMA fails, well you shouldn't need me to tell you what a strong indicator of the trend changing that would be. Here is the link for my free EMA/SMA indicator , offering key areas of potential strong support & resistance . Also save crucial space on your Trading View chart by utilising my free RSI and StochRSI indicator which overlays both in a clear and helpful fashion. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITFINEX:BTCUSD
by BCryptological
Bitcoin - BTC/USD - 1H-MY OPINION BULLISH ABOVE 11,504.60 USD -MY TARGETS 11,962.70 USD (+0.98%) 12,330.20 USD (+4.09%) -TECHNICAL INDICATORS BULLISH 44% BEARISH 17% 39% EQUAL -MY ANALYSIS All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 11,504.60 USD. The buyers” bullish objective is set at 11,962.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,330.20 USD. If there is any crossing, the next objective would be the resistance located at 12,932.90 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction. -Quotes The Bitcoin - BTC/USD rating is 11,846.25 USD. The price is lower by -1.19% since the last closing with the lowest point at 11,781.19 USD and the highest point at 12,038.42 USD. The deviation from the price is +0.55% for the low point and -1.60% for the high point. -Technical: Technical analysis of Bitcoin - BTC/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Indicators scanner does not detect any result on moving averages that would impact this trend. In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. RSI (14): 48.00 MACD (12,26,9): 18.8400 Directional Movement: -4.40 AROON (14): 21.42 DEMA (21): 11,849.97 Parabolic SAR (0,02-0,02-0,2): 11,552.10 Elder Ray (13): -24.96 Super Trend (3,10): 11,589.52 Zig ZAG (10): 11,818.09 VORTEX (21): 0.9900 Stochastique (14,3,5): 62.25 TEMA (21): 11,869.13 Williams %R (14): -37.62 Chande Momentum Oscillator (20): 252.38 Repulse (5,40,3): 0.5500 ROCnROLL: 1 TRIX (15,9): 0.0200 Courbe Coppock: 3.71 ENJOY GUYS <3
BITFINEX:BTCUSDLong
by REDAEL
Sell NZD/USD at 0.6705 – Westpac Analysts at Westpac are recommending to sell NZD/USD pair at 0.6705 levels for the target price of 0.6500, while maintaining trailing a stop loss of 0.6800. Key Quotes “Rationale: We expect RBNZ to cut OCR by 25bp to 1.25% on 7 August, and signal potential for more. We expect a follow-up cut in November to 1.0%, with a risk this is delivered in September, and the OCR ultimately falls below 1.0%. Domestic activity is weaker than the RBNZ had forecast. Markets are pricing 20bp of easing in August, and 42bp by November, implying markets should fall further if our forecasts prove correct. NZ-US yield spreads have explained much of the NZD’s recent gains, but they should soon become a headwind: markets have priced in plenty for the Fed (100bp) but arguably not enough for the RBNZ. Technically, NZD/USD’s 3c rise since May looks corrective, and may be giving way to a revisit of May’s 0.6500 low.” www.fxstreet.com Above is the link to the original article. Shall there be any updates i will post them in the thread below. INSTANT ENTRY AT AROUND: 0.6700 LEVEL STOP LOSS: 0.68000 TAKE PROFIT: 0.65000 RR: 1:1.9 TYPE: SHORT
Short
by FX618Analysis