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Exponential Moving Average (EMA)

EURCHF Likely To Fall Further After Support & Trendline Break!Oh make no mistake, technically most of the EUR related are starting to show a strong bearish pattern . EURUSD could tumble to 1.09000 level in the coming months even on the back of a weaker USD!. The above link is shows the analysis behind the EURNZD which has a potential to drop . However since many central banks are shifting towards easing, typically in this scenario fundamentally makes the SAFEHAVEN FX currencies perform the best. CHF being one of the SAFEHAVEN alongside the JPY in my view would be best performers against the EUR in the coming months! Have a look at the main chart weekly TF chart of the EURCHF. The horizontal lines are concrete support and resistance taken from the monthly TF. At the moment i am awaiting the monthly candle to close beneath the orange support located at 1.11000 level for added confluence. Furthermore, we have a long term trendline which has been violated on a weekly TF, for added confirmation that is why its advisable to wait for the monthly candle to close below orange line. This would confirm the broken support turned resistance and channel has been officially broken! The next support lies at 1.06000 level, where the price could potentially head towards. This seems like a big PIP move but if you look at the fundamental factors, we are seeing the ECB shifting their monetary policy to accommodate the changes which would likely result in EURO depreciation over long term. I am seeing the monthly would close comfortably beneath the support by the end of this month and then its advisable to execute the trade SHORT with the target of 1.06000 and RR of 1:1. This just represent my analysis on this pair and i feel this a high probability trade setup in play. shall there be any trade entries i would post them in a new post.
Short
by FX618Analysis
BTCUSD Weekly TF Analysis From FX Trader Point Of View!My interest in cryptocurrencies is second to none, however i thought of executing my technical analysis that i perform on Actively Traded FX pairs to BITCOIN. First of all i am a SWING trader, meaning i analyse my charts from monthly TF down upto daily or 4 hourly. My strategy relies on finding concrete support and resistance levels from the monthly charts to finding supporting technical patterns on lower TF to add to my confluence. Here on the BTCUSD chart the monthly chart does not give any info what so ever, so i decided to look at the weekly TF. The first thing i did was to plot all the concrete support and resistance levels from the weekly TF (have a look at the main chart). At the moment of writing the price is in between the 10,000 support and 12,000 on weekly TF. Adding to this, the price seems to be capped by a descending trendline which is preventing the bitcoin bulls from pushing higher. currently the market is giving me neutral bias as i feel the cryptos are mostly driven by technical trading rather than fundamental ones with exceptions of breaking news which affects cryptos immediately without any warning. So below are the two possible scenarios which should potentially take place for the price to make its next move, be it UP/DOWN 1) FOR A BULLISH SCENARIO The price as explained is capped by a descending trendline. So for the price to push higher not only must the trendline break (weekly candle closes outside the trendline) but also the 12,000 resistance level needs to be broken (weekly candle should close above 12,000 level). If this takes place we have confirmed the trendline and resistance breakout. so finally for the trade entry, its advisable to await slight retracement before executing a LONG trade to target the next resistance that lies at 14,000 level 2) FOR A BEARISH SCENARIO Have a look at the image above. its a daily chart of BTCUSD which shows the price confined in a well held triangle supported by an ascending trendline. For the bearish scenario to take place, the price needs to breach the ascending trendline (weekly candle must close outside the trendline). Once this has happened we can wait for the price to retrace and enter a SHORT trade to target the next support that lies at 8,000 level IN ALL TWO POSSIBLE SCENARIO THE RISK TO REWARD RATIO IS SUGGESTED TO BE 1:1 WITH THE POTENTIAL STOP LOSS PLACED JUST ABOVE THE RESISTANCE LEVEL OR BELOW THE SUPPORT LEVEL. IN FX trading i do a combination of fundamental and technical analysis which gives me an extra added confluence to validate my trade, however in this case, the pure technical price action picture is telling me the above two possible scenarios. if you notice, trading with risk management is about taking out the support or resistance levels one at a time rather than aiming for 20,000 or 40,000 impulsively! With Bitcoin or other crypto market being so volatile, in my view its best to take this approach so as to preserve your capitals. Hope some of you will find my outlook helpful and i will certainly in the future think about adding cryptos to my trading portfolio. cheers and trade safe
BITSTAMP:BTCUSD
by FX618Analysis
Ascending Channel+H&S Pattern In Favor Of EURNZD Bears! Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close! The four horizontal red lines represent solid support and resistance levels taken from the monthly TF. Just below the trendline there lies a psychological 1.65000 support level , which in this case is a must to be broken level in order to confirm a bearish outlook. For this level to be broken i would personally prefer the monthly candle to close below 1.65000 level . Furthermore, there is an almost complete H & S pattern on the chart , which would be complete when the trendline/channel breaks together with the 1.65000 level. In this case the potential 1.65000 turned resistance would also act as the neckline of the H & S . So to put all this together in favor of the bears there 3 concrete confluence factors to take this pair towards the next support that is present at 1.58000! Fundamentally the Euro is weak at the moment and is predicted to get weak in the coming months, whereas the NZD shows a mixed outlook. So putting all this together the probability of this pair breaking down is HIGH. Shall there be any updates regarding the trade entries i will post them in a new post. This just represents my outlook on this current pair
Short
by FX618Analysis
A Weaker EURO Could Send FIBER Towards 1.09000 Level !Have a look at the main weekly TF chart which shows the price of EURUSD confined in a long term held and respected wedge ! The blue horizontal lines are the nearby support and resistance levels taken from the monthly TF . Several months ago this pair formed a bearish H & S pattern on the weekly chart which was broken as the price started to accelerate downwards partly due the FED being hawkish as they raised the Interest rates this making the USD more stronger against the basket of major currencies. When the price broke the neckline of the pattern where also the main support now turned resistance was present (1.14500) , the price should technically HIT 1.09000 where the next concrete support is present. However many months have passed by the price is typically rangebound with 1.145000 level now turned into a concrete resistance. At the moment most of the major central banks have started to ease their monetary policy, most notably the FED as a 25BP rate cut is already priced into the market which would likely take place at the end of this month. With the trade war effects already visible across the world it has certainly sent fears of an impending US recession as the yield curve stays inverted. Therefore the markets are largely expecting the FED to ease further in 2020 too. So all this theoretically should make the EURUSD spike higher but practically there has been little impact from the BULLS. While other currencies such as the SAFE HAVEN pairs (USDCHF, USDJPY) have all taken the HIT and talk about GOLD which has broken multi year records. THEREFORE THE MAIN QUESTION REMAINS: WHY IS THE EURUSD SO RESISTANT AND STRUGGLING TO CLIMB FURTHER BEYOND THE PSYCHOLOGICAL LEVEL OF 1.15? The answer to this question is not so complicated but the consequences are certainly bad for the EURUSD! First of all USD is still the world's reserve currency and the demand for it wont fade that easily. To add to this for many, the USD is a SAFEHAVEN compared to the EUR. Furthermore, if the FED eases their monetary policy their interest rate differentials will still be higher compared to the EUR which inturn would make the demand for the greenback stronger. Thirdly, the EUROZONE economy is not doing so well for the past months as most of the fundamental data as below the expectations As the ECB president mario draghi term comes to an end, the new to be appointed former president of the IMF could change the course of this pair in the coming year. But as for now i feel this pair would likely HIT 1.0900 which is a concrete support and after that it might rise further depending on the economic and monetary outlook in the EUROZONE and The U.S.
Short
by FX618Analysis
1
LTCUSD 1H ATR STRATEGYStep #1: Make Sure Your Chart Setup Configuration Looks the Same as our Price Chart Step #2: Wait for ATR Indicator to break above 20-EMA Step #3: Check the Price Chart to Ensure the ATR Breakout is followed by a Price Breakout Step #4: Enter Short Once we break Below the Low of the Breakout Candle Step #5: Your Take Profit Target should be Equal to the ATR indicator value Step #5: You determine your own TP strategy Step #6: Place the Stop Loss above the Breakout Candle High Note** The above was an example of a SELL trade. Use the same rules – but with the only difference that you need a bullish breakout candle – for a BUY trade.
COINBASE:LTCUSDShort
by Tradingstrategyguides
4
Monthly TF Perspective Of Yellow Metal. Door Open to Test 1550!This is a monthly TF analysis of the yellow metal. The main chart shows numerous horizontal lines, these are concrete support and resistance levels taken from monthly charts. This year many people predicted the yellow metal to break out of its long term held range and it happened! After 1370 level was broken, the next hurdle was present at 1430 which held against a very bullish pressure from the yellow metal. So in short 1430 is not a new resistance just formed! it has been held on numerous occasions and broken too. Therefore from a technical perspective GOLD is still indeed bullish however just to be safe, it is advisable for the monthly candle to close above 1430.00 before going LONG to target 1550 where the next resistance is present Any trade deal between US and China if agreed it could take the yellow metal down where another long term held ascending trendline is present. Until this trendline is not broken we are still bullish on gold! Another thing to consider is that at the moment the price is confined in a triangle practically preventing the price from further climbing. Should a strong bullish candle close above 1430 this would not only confirm resistance break but also the triangle/trendline break too. Fundamentally, the factors are in favour of yellow metal appreciation! First of all the tradewar is having effects on the economy and many central banks have started to cut rates with the FED thinking of cutting rates too and turning dovish in a surprising manner in the last couple of FOMC meeting. Fear of recession are also alive and well as the US yield curve has inverted again. In this classic scenario the safe haven currencies such as CHF and JPY appreciate but so does GOLD Therefore it remains to be seen what develops in the coming months but a test of 1550 level is very much on the cards!
FX_IDC:XAUUSDLong
by FX618Analysis
1
WTI (USOIL) Might Target $70 Amid Iran Tension & Supply Jitters!The 3 horizontal lines visible in the main weekly chart of WTI are concrete support and resistance levels taken from monthly TF. Currently the price is at 60.00 and there is a descending trendline preventing the price from climbing further. From a technical perspective, once this trendline breaks, the price on the monthly charts must close above 63.00 concrete resistance. This is just to add gain further confluence and confidence in our potential trade. Once the monthly candle closes above 63.00 we could wait for the price to retrace slightly before executing a LONG trade to target 70.00! On a fundamental perspective there are 2 factors in our favor. First one is the IRAN tensions with the US and now potentially U.K. US putting sanctions on iranian OIL is bullish for the WTI and the tensions is just further strengthening this aspect. Secondly, the storm in the gulf is limiting the drilling activities which is also bullish for the OIL. Lastly the the deal that is binding OPEC & NON-OPEC countries seem to be going okay so far as they all want the price of OIL to rise. One thing that is bearish for the WTI at the moment seems the ongoing tradewar which if no deal could be made, the demand for OIL would decrease! So it remains to be seen in the coming weeks how the situation develops. Shall there be a trade entry i will post in a new post.
TVC:USOILLong
by FX618Analysis
[BTC / USD: bitmaex] Prepare for 1H Long1. Possibility of supporting a short-term property base created by this upward trend 2. Possibility of 1D EMA support to maintain upward trend 3. Bullish Elliott Wave 4 Possibility of wave motion Goal: The trend line that supporting the previous day Or Fibonacci ratio can be estimated around 2.618 position Note: The forecasts are always wrong because the forecasts will change with the flow of the market, so only for the sake of simple reference. I do not forget that investment losses and profits are attributable to investors' beliefs and decisions ...
BITMEX:BTCUSD.PLong
by coral1213
6
Interesting..... Look at this 2 day.. Bullish Y/N?Was just messing around earlier and decided to check out what a two day chart looks like as well as a 3 day and wow.. Look at my chart and see where the FFT (colorful indicator) turned blue like that n the past and what happened after it started to trend up.. Now look at where we are today and look at how strong that movement up is!!! Wow i think we might be going pretty high on this bull run... The 3 day makes me feel even more confident when i say that! I think we are in due for a little retrace but i dont think its going to be as bad as everyone predicting.. I feel like we are going to shoot up like crazy again one day soon.. (wouldnt be surprised if it were today.. But yeah I think bitcoins just crazy like that and doesnt like to follow regular TA and charting rules.. Obviously lol.. Crazy though huh? Or what do you guys think? 3 Day
BITSTAMP:BTCUSDLong
by gunbot_scooby
3
YELLOW METAL Aiming For 1310 After Trendline Break. LONG TRADE!Have a look at the link below for full trade analysis behind this trade set up INSTANT ENTRY: AT AROUND 1287.00 LEVEL TAKE PROFIT: 1310.00 STOP LOSS: 1264.00 POSITION: BUY/LONG RR: 1:1 The trendline was broken and now the price will likely aim at 1310.00 level where an established high is present. should the price breach that level we could opt to take this pair further LONG to next HIGHER HIGH. But for now lets just aim towards 1310 level. shall there be any updates i will provide in them below. cheers
OANDA:XAUUSDLong
by FX618Analysis
Dax30 0.618 and 30min shooting star combination short!1st time to post an idea on DAX30 as many friends are so interested in trading this one. Here we got an 30min shooting star after it finished daily 8ema correction and pulled back to the daily supply, Also, in terms of 8ema, this trade also got abundant ema correction rooms! I would like to take the short with a 11898 sell stop If it makes new high before triggering my stop order, this trade will be cancelled ! Let's see how it goes yo!
OANDA:DE30EURShort
by Trader_Joe_Lee
4
Electroneum possible bottom in! Is the bottom in!? Are we heading to the moon!? Let's jump into the charts! If you are following my last ideas on ETN then you will see I pointed out a possible bottom around 40 sats to 30 sats. Looks like we went down to 44 and now heading back up. However, before we blast off to the moon we need to look at a few things. The EMA 21 on the daily chart has presented huge resistance over the past few months and right now we are sitting right under it. We need to break and stay above it if we want to see further movement to the upside. We are also under the .382 fib line which could post some resistance as well. Overall the chart looks good and the volume is picking up, but I do want to see a retest of the bottom just for added confirmation. *This is not investment advice. This analysis is purely for educational and entertainment purposes. Awareness618
ELong
by Awareness618
2
Excellent SWING TRADE SHORT opportunity for NZDUSD!Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the fundamental analysis behind this trade ENTRY LEVEL: AROUND 0.67500 TAKE PROFIT: 0.64000' STOP LOSS: 0.70000 All in all its an excellent swing trade opportunity with very high probability. shall there be any updates i shall provide them in the attached link above. Please leave a LIKE and Follow me if you would like to receive further analysis and trade setups. cheers and thanks
Short
by FX618Analysis
NZDCHF Aiming To Hit 0.63500 Level!Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely hit the next support that lies at 0.63500 level. I am already SHORT on the NZDUSD and i will not risk taking this trade for another SHORT as they are both heavily correlated! Nonetheless its a very good trade and overall we are likely to see NZD and AUD both depreciate this year. This just represents my outlook on this pair. shall i close the NZDUSD active trade early this pair would be my go to pair in the future. i will update the trade details if the criteria meets. cheers
Short
by FX618Analysis
NZDCAD Awaits Triangle Breakout Momentum To Start Trending!The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal levels! My view on this pair is neutral, which means the break to either side is a possibility. The trade war conflict i feel will likely decide the fate of this pair. This just represents the analysis of mine on this pair. shall the trade criteria meet i will post the details in a new post
by FX618Analysis