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Exponential Moving Average (EMA)

USDMYR is hitting the ceiling?From the daily chart, it looks like USD is slightly losing its grip against Ringgit, having some hard time breaking out 4.5 zone. Also indicated from movement index that uptrend slight losing its power. But this doesn't necessary mean a good news to Ringgit too. Although Ringgit is starting to get take control since 5th January, we can still see obvious rejection to push the price even lower (Box 1). Also EMA(130) hasn't been retested for quite some times. There may be a potential consolidation in the 4.4 - 4.5 area once the price fall below current EMA(130) and it hits the 4.4 support line, as the current uptrend (Box 2) has similar candlestick pattern structure from 25th May - 7th October 2015 (Box 3). I still believe the price may hit 4.4, but probably may need huge effort from Ringgit side to make it happen.
by nivelij01
40 Day Consolidation into 'Black Swan'I really only publish charts so I can say "I told you so" to IamNomad later on. The general idea is that price quickly retraces 50% of the dump while consolidating on RSI = 50. Also, watch for cloud support to hold until the bearish TK cross (Red over Green). A daily candle close inside the cloud with a bearish TK cross would be a reliable signal the fractal has decided to break down. The other important aspect of this idea: when technical & fundamental factors combines, a large price move occurs due to high momentum . A break of the fractal post-consolidation, in addition to a Bearish news event, would give price plenty of momentum to retrace down the entire consolidation period and then some (see:bitfinex hack on August 2nd). Are these perfect comparisons at the moment? No Is this super early on and probably won't pan out? Yes Are there enough comparisons here to even bother considering this? Yes Will the RSI load later on when you hit play? No Can an event be considered a Black Swan if it is predicted ahead of time? No Do I want this to actually break down again? No Some dates to consider: Valentine's Day - Feb 14th Chinese traders love pumping or dumping around American holidays. SEC Winklevii ETF Announcement - March 11th This would obviously break the "buy the rumor, sell the news" paradigm, so it's more probable we dump on the actual announcement than before. But, a dump may occur in an attempt to shake out weak hands so that institutional money can fill their bids. Considering a "No" from the SEC likely has 0 effect on the market (based on past SEC decisions of the ETF), I'd like to weigh a "Yes" from the SEC more heavily. The ETF is important because, like the SPDR ETF did for Gold, it will likely bring BTC trading availability to traders who were not otherwise in the market. There are also other BTC ETFs in the pipeline in various parts of the world. Should the Winklevii ETF fail to get approval, odds are that one ETF somewhere eventually will be approved. Other: Segwit Who knows if/when this will complete. I expect shenanigans in price action if/when it gets close to being adopted. Watch that metric here - bitcoincore.org People's Bank of China Unlikely, but not impossible that China does finally decide to 'ban bitcoin'. Should this happen, expect mega dumps. Trump ends the FED Unlikely, but not impossible that Trump ends the FED quickly while coming to office sending digital currency through the roof or to the core. Trump mentions Bitcoin in a Tweet Unlikely, but not impossible that Trump tweets about bitcoin causing price to skyrocket from new user interest. An exchange gets hacked Always a possibility but I'm not sure if there are any exchanges that, if hacked, would actually move the price in a substantial way, other than the Chinese exchanges (OKcoin, Huobi, BTCChina).
OKCOIN:BTCUSDIDX
by IAmSatoshi
9
AUD/USD - SHORTWe have a great potential short set up for AUD/USD... We have a 50% fib rejection, which also corresponds with a 200EMA rejection and a daily TL rejection to add confluence to this move. Also, we have a 2H MA crossover and the 4H MA are looking like they are about to cross to the downside too. I am waiting for a CTL break before entering to make this set up valid to my trading criteria and have a target of +230pips. Target: 0.7614 at -27% fib level. A break to the upside above the TL would invalidate this setup.
Short
by MitchellShoesmith
1
BULL Crab may be forming in EURUSD range 1HRSince price pushed up to previous highs on 12/29/2016 and was rejected back under 1.055 there has been an few emerging patterns. The ascending triangle is a known reversal pattern and price has made significant reversals at key price points to confirm this simple pattern. As price approaches the end of the ascending triangle we should be looking for price to close under 1.055, which should provide a serious chance for the AB leg to continue forming into a BULL crab. This is following a rally to 1.06 and recession to 1.055, again. If AB completes around 1.05 range then this crab could be walking us all to the bank. That is, if you decide to jump into short position to ride out the CD extension after a price rallies and reverses between 1.055 - 1.06. Price has some work to do to push through 1.055, so let's keep watching.
Short
by MrTakeProfit
Gold 2017-2018 ProjectionNow that I'm kind of exercising and fantasising around, let me tell you gold's fortune on the chart. 2017-2018 projection I see is exciting. Gold has seen 1022 recently and some think it's THE bottom. Although it might turn out to be true, I still see some room left for the bottom to print: 1117 is the 0.786 fib level, 1090 area is the big ass trendline border 1084 is the 0.886 fib level. Bonus: EMA(144) support! So I won't be surprised to see one of those levels soon, before the BFL (big f*** long) begins. But if it has already started, let's not waste our times and hop on the train; I'll be trying to confirm if we are done with the 2nd wave. Please comment and share your own ideas here, point out where I might be wrong or let's celebrate togather if your own studies coincide with mine.
FX:XAUUSDLong
by Fib_Predictor
7