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Forex-currency

EURUSD WATCH THIS PAIR (1D Chart) EURUSD WATCH THIS PAIR I wanted to make a post on this pair because EURUSD has been in an interesting spot lately, or I should say a few spots. The market was displaying to me that it was due to the fact that many different people had their outlooks on this pair therefore it led to indecisiveness in this currency pair. If you look at this daily time frame here the 1.15500 handle has been very significant level for price action on this pair. Since May of 2018 (this year) price has been holding above those levels. On August 10th of this year it attempted to break those levels but price ran right back above structure showing us a fake out. This is where the market started showing signs of indecisiveness and hasn't been able to break above the 1.17500-1.17800 price area. THEN recently price dropped from the 1.17800 area down UNDER the 1.15500 level. SO based on what the market has recently been showing me is that price has come down BELOW the significant 1.15500 handle that it had been holding above and HAS NOT ran right back up yet. I want everyone to keep an eye on this pair because it's in a significant spot right now and if price holds beneath this level and shows us some strong seller interest then we may see a more long term drop on this pair. Keep an eye out on this pair and I will to continue giving updates throughout the week on it. Cheers! Please follow and like my page for more trades on TradingView!
Short
by JosePips
Ripple Looks Primed For a 20% Decline! For those that have been following the price articles that have been put out in recent times, the recent downturn in price is something that was anticipated a few days ago: Currently, the price of $XRP is down -10% for this period. So, what’s going on? We’ll review below. $XRP Ripple Price Analysis For this price analysis, we’re going to look at the USD side of things on the trade. Let’s start with the H2 (2 hour) chart: In the picture above, we can see what appears to be a ‘traded range’ that has developed on the H2 chart resolution for XRP. What does this mean? In short, a traded range is a resistance and support point that the price trades back and forth between until it either breaks above or below the traded range. Thus, according to modern trading theory, we should be expecting the price of Ripple to make a quick stop at approximately 44 cents (not an exact, just an estimate). However, the momentum for the price of $XRP makes it appear as though the price may decline even further than that. RSI(14) Reading for $XRP Ripple For the RSI here, we’re going to look at the daily chart resolution rather than ther H2, so that we can get a better idea of how the price may behave over the next few days: In the picture above, we can see that the RSI(14) has corrected itself sharply from the overbought region that it was in previously. However, this does not mean that there is any guarantee there will be a consolidation period lingering in the woods for $XRP at any point in the near future. In fact, on the contrary, the RSI(14) appears to indicate that there could be a much more precipitous decline on the way as the acceleration of its decline shows heavy downward price movement, and price action is something that tends to stop gradually. For instance, while Ripple was increasing in price, we could see that it was making major gains (below we switched to the H4 for the convenience of seeing this a bit easier): From this, we can see a similar principle in the price going down as well: If the candles are elongated and the momentum appears to be in ‘full swing’, then that is a terrible point to assume an immediate pivot unless there is some sort of astronomical news event that would cause such a thing (i.e., USA announces they are replacing the Swift network with Ripple’s token instead). The picture above is self-explanatory due to the caption. Now, let’s recap on that support point. Support Points for $XRP Ripple However, as stated above, we’re expecting an eventual break below this point. So, let’s see what the next likely support points will be. The golden line in the picture above is the EMA-50 (Exponential Moving Average), which is lingering right at the support line that we originally drew for $XRP based on the prior price movement. This should signal to us that this support point is likely a major one, thus representing a point of support that could slow the price down once it hits. There may even be a tiny bounce from that point. However, traders should beware because such a point could be a mere alleviation of the price action downward by bears before they consolidate profits and place larger short bets on the currency once again. Below the point of 43–45 cents, traders should anticipate the 35–37 cent range as the next likely point of support for the price. Conclusion of the $XRP Ripple Price Analysis Ripple’s overall trajectory looks bearish, that’s the only way to describe it. Thus, we’re going to go ahead and look at solutions that allow us to short the price of Ripple. Below is the R/R that we anticipate for Ripple. Trade completion is at 36 cents. Disclaimer: Nothing in this article is financial advice and the author is not invested in either Ripple or any cryptocurrency/Ripple competitor.
BITFINEX:XRPUSDShort
by librehash
8
USD/JPY, Daily Chart Analysis 10/5Implications and Outlook Though, the majority is still paying attention to the decline in the Yen currency as the currency traded down to the middle of 114’s handle. We did notice a go-to trade positive only ahead of lunch break, then, however, selling push was merely too intensive by the cash closing hour. The Yen completed its inner Currency Rally 114.550 and developed strong Key Resistance at 114.530 . The retesting of the Key Resistance will be done interim price action, while currency is resting at Mean Support 113.680 , the Key Support 2872 is sleeping below for the traders to take notice.
by TradingSig
GBPNZD LONG POST ANALYSIS 08/08GBPNZD POST ANALYSIS FROM AUGUST 8TH 2018. I want to post quality content for the people on TradingView and I believe that one of the most valuable tools is knowledge through experience. In trading there are a lot of failures, trust me. I have made and lost 6 figures in trading. But I have come back from those failures better, stronger, and more consistent than ever. I wanted to share a post-analysis on a trade that I took in August that wasn't posted on TradingView. So lets dive into it. On this pair I was watching the market conditions on the 4H time frame and I had seen that choppy market conditions were followed by a 100%+ push by the buyers, showing me control and interest in buying this pair. I usually don't give this valuable of information for free but I value everyone's skill and time so I want to mention it. The biggest sign if a trade will be successful or not (in what I've experienced) is the RETEST. It is SO CRUCIAL to watch the re-test because it will explain if this market is truly in the interest of a buyer/seller or if this was a fake momentum move. It's a great way to find more bullet proof trades. If you look at this example the strong push to the upside was followed by another weak, choppy market conditions re-test. This showed me that the buyer who created that push to the upside is in control and not it's a matter of time to wait for the interest to come back on the re-test. I used recent significant structure on the 4H to build my hypothesis to the fact that if price holds this structure level and I see buyer interest there, then I will look to go long on this pair. As you can see after holding for numerous days buyer displayed his interest again, and the market was taken up into the previous highs and beyond! I wanted to share this example because there is SO MUCH OPPORTUNITY in these markets at all times. It's all about having a plan, staying disciplined, and taking action! Please like and follow my page for more trades before and after ! Cheers! p.s. ALWAYS ASK YOURSELF WHO'S STRONGER BUYER OR SELLER? Cheers!
by JosePips
1
Target hit. Important 1D support test. Still bearish.TP = 1.1570 hit on the additional short as EURUSD was eventually rejected on the 1.1800 - 1.1850 Resistance zone. 1D technically remains neutral (RSI = 46.181, MACD = 0) inside the 1.1510 - 1.1850 neckline of the Inverse Head and Shoulders pattern and will turn bearish upon the 1.1510 - 1.1530 support zone test. The 4H Channel Down (Highs/Lows = -0.0016, B/BP = -0.0050) is keeping the price on standard stable bearish patterns and upon break-out the Lower Low should be near our TP = 1.1450. Potential Lower High at 1.1730, which will be additionally shorted for 1.1570 again.
Short
by InvestingScope
Target hit. Long term bearish trend preserved.TP = 1.14500 hit as 1D aggressively (STOCHRSI = 0.000, Williams = -98.364) broke through the 1.1510 support, creating a new Channel Down (RSI = 26.291, MACD = -0.008, Highs/Lows = -0.0198, B/BP = -0.0336). 1.12840 (June 02, 2017 contact point) is a possible bounce spot for this Channel, which if successful can extend up to 1.1510 (previous support). If crossed then it should test 1.11765 and 1.11086 in succession. In both cases (rejection or break-out), we will continue shorting with those marks as TP = 1.11765 and 1.11086, especially after DX broke above a new 14-month High. The overall trend is bearish on a strong 1W Channel Down (RSI = 28.954).
Short
by InvestingScope
2
EUR/USD, Daily Chart Analysis 8/13Implications and Outlook The euro-dollar pair is strengthened further at the new week following its last week losses by completing outer Currency Dip 1.14030 and inner Currency Dip 1.13850 . This price level acted as an intermediate strong ending downtrend - providing Sniper traders an excellent opportunity for long short-term trade. On the upside, Mean Resistance comes in at 1.1.14630 level having a cut through here opening up the doorway for further upside gain towards the 1.15500 level. Conversely, Key Support is in process at the 1.14120 level. Just below here will open up the doorway for additional weakness towards the Coin Dip 1.12080 level. On the whole, the Euro faces further downside pressure.
Long
by TradingSig
EUR/CAD Ichimoku Edge to Edge TradeI have started using Ichimoku along with Heiken Ashi Candles to get a sense of the trend. I will be using the fractals and just below the kijun as stop losses. In this strategy, the cloud and price relative to the cloud give the big picture of the trend and the Tenkan and Kijun lines are a picture of trend in the moment. I am not totally sure whether to involve the Chinkou span in my trading strategy yet so I am doing some research on it to find the success rate of using it vs not. The Chinkou Span gives insight on price compared with somewhat recent price (30 periods in my case). The edge to edge trade is essentially playing a possibly ranging market where no clear trend is defined. For me to enter the trade I need to see a bullish TK cross and a green candle close inside the cloud. In this instance the CHinkou Span is also above price which is an added bonus bullish sign. The target is the box at the top of the cloud and the SL is at the fractal level circled. I will manually exit this trade if there is a gold candle close or if price closes below the kijun.
Long
by schuck15