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Exponential Moving Average (EMA)

DXY Broke Vital Resistance! Retail sales in focus this weekLast week was vital and perhaps the most important week for the DXY this year, as it has likely broken a crucial resistance. As seen from the main chart, the weekly candle needed a convincing close above 94.60 which confirms the previous high break. Now it is highly likely in the coming weeks we could see the price targeting the next high at 97.60. Prices would likely be supported by the weekly EMA and ascending channel. LIKELY FUNDAMENTAL DRIVERS FOR DXY THIS WEEK The main talking point here remains the indications of stronger economic activity may keep the Greenback afloat and put pressure on the Federal Reserve to implement higher interest rates sooner rather than later. The latest uptrend in the USD comes on the back of the better than expected rise in the CPI and this week an update to Retail Sales would likely generate a bullish scenario on the USD as household spending is expected to increase for the third month in a row. As a result, signs of uptick in inflation along with evidence of stronger activity may push the FOMC to forecast a steeper path for US interest rates With that said, the US Retail Sales report may generate a bullish reaction in the Dollar as the update is expected to show a pickup in household spending, and the DXY may continue to trade to fresh 2021 highs throughout the remainder of the year as the FOMC starts to scale back monetary support.
TVC:DXYLong
by FX618Analysis
1
Has the time arrived for KIWI to appreciate VS other currencies?NZDUSD has already broken out fairly well out of its descending trendline and currently due to USD strength, it has fallen this week to around 70 cents. This fall offers a great opportunity to trade this pair LONG as the RISK TO REWARD RATIO is highly feasible TECHNICAL ANALYSIS 1. PRICE BROKE OUT OF A STRONG RELIABLE DESCENDING TRENDLINE ON BOTH DAILY AND WEEKLY CHARTS 2. PRICE ALSO BROKE HIGHER HIGH IN THE PROCESS AND NOW THE NEXT RELEVANT TARGET IS SEEN AT ANOTHER HIGHER HIGH (0.73100) 3. ASCENDING TRENDLINE ACTING AS STRONG SUPPORT TOGETHER WITH MONTHLY CONCRETE SUPPORT AT 0.7000 FUNDAMENTAL ANALYSIS ON WHY NZDUSD WILL LIKELY RISE 1. The improving conditions follow the rollback of Covid restrictions across much of the Kiwi economy. 2. New Zealand’s performance of manufacturing index (BNZ) crossed the wires this morning at 54.3 for October. That is an increase from the upwardly revised September figure of 51.6. 3. The Reserve Bank of New Zealand has plenty of ammunition to continue down the path of hiking rates, unlike its cross-Tasman counterpart, the RBA. This gives the New Zealand Dollar a comparative advantage versus the Australian Dollar. NZD rate hike bets have increased in recent weeks while the currency’s performance has lagged against the Greenback. That opens the door for a break higher in NZD/USD on the next bout of USD weakness. TO CONCLUDE Based on both technical and fundamental analysis of the current market picture, we can expect NZD to appreciate against many currencies including the USD.
Long
by FX618Analysis
AUDUSD: Potential H & S Pattern. AUSSIE Could Slump to 0.65!A potential H & S pattern seems to be developing on weekly TF on AUDUSD. The blue lines represents concrete psychological support and resistance drawn from monthly charts. The right shoulder is yet to completed here! Shall it complete, we need to wait for vital confirmation: the monthly candle needs to close below 0.7000 level. After this a SHORT trade can be executed based on the RR to target the next support at 0.65000 THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS.
Short
by FX618Analysis
Excellent CUP & HANDLE Reversal Pattern on LOONIEIts a good pattern that has developed on this pair. To be able to trade this with certain confirmation, we need the daily and 4H candle to close above 1.25000 resistance. After this a LONG trade can be taken to target 1.26500 Monthly R1 pivot. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS.
Long
by FX618Analysis
POUND Consolidation might be nearing an END!Higher high at 1.42300 area could become a realistic target if the monthly candle closes above 1.4000 psychological resistance. Once this happens we can take this pair LONG to target 1.42300 higher high depending on Risk to Reward ratio. But before this, the descending channel must break convincingly. for this to happen we need strong impulse move which would make the monthly candle close above 1.4000 thus breaking the channel in process. This impulse move/ breakout could happen this month and likely make the monthly candle close above 1.4000. Therefore ideally if conditions are right we can aim to take this pair LONG next month to target 1.42300. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS.
Long
by FX618Analysis
What's preventing AUSSIE from climbing further ?Current RISK ON mood in the markets should likely propel AUDUSD higher as the economies around the globe try to recover. As china is dependent heavily on Australia on trade matters, we have every reason to believe that the AUSSIE will likely gain ground as the recovery in the Chinese exports continue. So from technical point of view, the question that arises is: what is stopping the AUDUSD from climbing further? Just have a look at the main chart to understand the clear picture. Aussie seems to be supported by a ascending trendline and until this breaks, we are still in an uptrend. Now for this uptrend to resume we need to see clear breakout of the price outside its triangle (descending trendline) to target the next resistance at 0.77700. Lets see how this all plays out! EXTRA: have a look at the related link section. there is an active SHORT SWING EURGBP WEEKLY TRADE. The entry price is at an excellent level. enter at your own risk if you wish. the analysis is also present behind this trade THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS
Long
by FX618Analysis
EURUSD MIGHT CLIMB HIGHER IF THIS CHANNEL IS BREACHED!Currently EURUSD is confined into a nice clear descending channel. However as the price approaches crucial 1.15000 monthly support, the RSI is indicating positive divergence. If the daily candle clears the descending channel and D EMA, we could expect this pair to climb towards it next resistance of 1.19000. THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS.
Long
by FX618Analysis
SPX500: my intraday scenario using 81strategyHi Traders, This is my view on this pair for the next days on #SPX500 using my 2 intraday strategies. (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pit from Trading Kitchen
CME_MINI:MESZ2021Long
by kitchen_trading
Will USDJPY Consolidate This Week? 112.00 A Likely DestinationThis week we might witness USDJPY move up and down as many central banks announce their policies and NFP reading as well. The 115.000 strong monthly resistance is yet to be tested by this pair! Its surprising with such a powerful strong uptrend it was not able to test this level. However this week shall the descending channel break, we can see the pair climb and come near that level. Positive RSI divergence on 4H indicates that an upmove might be on the horizon. However as traders, we look for confirmation. In this case, we need the higher high on 4H chart to break (4H candle must close above it), then evaluate our entry points for a LONG trade based on the RISK TO REWARD (RR) ratio. Our potential take profit target in this case would NOT be 115.00 level! infact its ideal if we target the next HIGHER HIGH on the 4H chart as our target. It all depends on the RR as 1:1 is an ideal target Shall the above scenario finish taking place or if it does not take place at all, we can look to take this pair SHORT. Again not without confirmation!. We need the 4H candle to close below 113.00 and to target 112.00. Once the break takes place, the RR needs to be evaluated, if feasible a short entry could be taken. All in all its a two way scenario for USDJPY this week. Meaning it will either rise towards 115.00 then aim to hit 112.00 or it will just keep its descend towards 112.00 level For those of you who want to take this pair beyond 115.00, its a very risky move for the following reasons: 1. The pair is too overstretched and a consolidation move might likely take place. many traders based on fundamental market picture would prefer to enter LONG once the price retraces at around 112.500 to 112.00 level. 2. Look at the first point: see the word FUNDAMENTAL MARKET PICTURE? yes its based on purely fundamental analysis of the markets. as for us technical traders, confirmation is the key. in this case we need to wait monthly candle close above 115.000 then evaluate to go LONG based again on RR The month of November would likely be interesting for USDJPY. Based on the fundamental picture its likely 115.000 would be broken this month as inflation and RISK OFF mood drives the markets. THIS JUST REPRESENTS MY ANALYSIS ON THE OUTLOOK OF THIS PAIR. TRADE SIGNAL WOULD BE POSTED IN A NEW POSTVSHALL ALL THE CRITERIA BE SATISFIED
Short
by FX618Analysis
0.8300 Target On the cards for EURGBP! Have a look at the above image (EURGBP M TF CHART): It was crucial that the monthly candle close convincingly below monthly 0.8500 psychological support. Support break and confirmation would likely lead this pair towards the swing low (0.8300) Now looking at the main chart (WEEKLY TF EURGBP), we can clearly see that the price is in a descending channel and likely headed towards 0.83000 level in the near future. However for every trade. a trader needs to evaluate the ideal entry point, SL and TP so that the risk reward ratio aligns in our favor. In this case as per the confluence factors on the chart below are the ideal entry instructions: TP: 0.83000 (swing low) SL: 0.87000 (swing high/channel high/W & M 50 EMA) IDEAL ENTRY TO HAVE 1:1 RR: 0.850000 So as we can see, for this trade to have ideal RR, we need the price to retrace towards 0.8500 level before we can make a short entry. We could see this happen this week as major banks have policy announcement which could make the EURO gain as its too oversold!. This could be a great opportunity to await deeper retracement and have a better RR for this trade. THIS JUST REPRESENT ONE OF MY ANALYSIS AND ITS NOT A TRADE SIGNAL. SIGNALS ARE USUALLY POSTED ONCE THE CRITERIA MEET IN A NEW POST WITH COMPLETE INSTRUCTIONS
Short
by FX618Analysis
LINK longEnglish: $LINK remains above the EMA (55, Close) but without clearly exceeding the bearish trend line. The Momentum has upward directionality but with an ADX below level 23, beyond that level the ADX would be confirming an upward trend that could take the price to the previous maximum, obtaining a 68% increase approximately. I would say that this is an ideal scenario because we can see that it is in the low zone of a bullish channel. $LINK se mantiene por encima de la EMA (55, cierre) pero sin superar claramente la línea de tendencia bajista. El Momentum tiene direccionalidad alcista pero con un ADX por debajo del nivel 23, al superar ese nivel el ADX estaría confirmando una tendencia alcista que podría llevar el precio al máximo anterior, obteniendo un aumento del 68% aproximadamente. Yo diría que este es un escenario ideal porque podemos ver que está en la zona baja de un canal alcista.
Long
by OskarGallard
1
Quick ADA updateADA has broken out sideways from its Descending Triangle. ADA is ranging sideways. ADA is also in a Symmetrical Triangle pattern, which is indicated by the descending and ascending dashed black support and resistance lines. ADA is now in a massive Bollinger Bands Squeeze. A big move should be expected, what direction that is, remains to be seen. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d chart. Note that ADA has not closed a daily candle above its BB Basis since 15th Oct. At the moment, ADA is below its Least Squares Moving Average (LSMA) on this 1d chart. ADA needs to close this daily candle above the LSMA. ADA is above its Volume Profile Fixed Range POC for the fixed range of 5 daily candle that i have selected. ADA is also back above its Volume Profile Visible Range POC for this charts visible range. Overall Volume on Binance is still relatively low when compared to what ADA had a few months back around 25th August but note that the last 3 Volume Bars have been above its Volume 20 Period MA. For your viewing pleasure, I have also added support and resistance zones indicated by the back lines with orange shading. The Average Directional Index (ADX DI) is indicating Positive Momentum has RISEN slightly with the +DI (Green Line) at 9.45. Note that negative momentum DROPPED slightly more with the -DI (Red Line) at 13.39. Note however that while the trend strength is still strong above the 20 Threshold with the ADX (Orange Line) at 24.65 but note its has dropped below its 9 Period EMA (Black Line) which is at 25.22 indicating a weakening of trend strength, which could also be because of the continued sideways momentum. The On Balance Volume (OBV) is indicating an increase in upwards momentum, but note that the OBV (Blue Line) is still below its 9 Period EMA. The OBV needs to cross back over the 9 Period EMA and stay above its for continued upwards momentum. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back above the Signal Line (Orange Line) but note that the MACD Line is still in the Negative Zone under the 0.0 Base Line. So what does all this mean? ADA is in a Bollinger Bands Squeeze, its debatable as to which direction ADA will pop. If you are Long, signals to look out for on this 1d timeframe are: 1: A successful daily close above the Bollinger Bands Middle Band Basis 20 Period SMA. 2: Upwards momentum with Expansion of the BB Upper and Lower Bands with the BB Middle Band sloping upwards. 3: A successful daily close above the descending trend-line. 4: A successful daily close above the LSMA. 5: OBV Line crossing back above its 9 Period EMA. 6: ADX Line crossing back above its 9 Period EMA. 7 +DI Line crossing back above the -DI Line. 8: MACD Line crossing back over the 0.0 Base Line into the Positive Zone. A key thing to remember is that sideways ranging is done within a range, not at a constant price. Apologies for the lack of posting, I've been crazy busy filming. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
5