BTC/USD - Ascending TriangleHere is a quick BTC 4hr Chart update.
At the moment, BTC is in an Ascending Triangle Pattern on this 4hr timeframe. An Ascending Triangle Pattern is a potential Bullish Continuation Pattern.
At the moment, BTC is above its Bollinger Bands Middle Bands Basis 20 period SMA on this 4hr timeframe.
At the moment, BTC is above its Least Squares Moving Average (LSMA) on this 4hr timeframe.
At the moment, BTC is back in the Bullish Zone of the Ichhimoku Cloud back above its Leading Span B (Senkou Span B) resistance Level on this 4hr timeframe.
At the moment, BTC is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 11x 4hr candles that i have selected.
At the moment, the MACD Line is still above the 0.0 Base Line in the Positive Zone and is also still above its Signal Line on this 4hr timeframe.
For the upside, be on the lookout for a successful break ABOVE the Horizontal Resistance Line of the Ascending Triangle and any successful re-test as support. For the downside, be on the lookout for a break BELOW the Ascending Support Line of the Ascending Triangle and any successful re-test as resistance.
It should be an interesting couple of hours.
Ichimokukinkohyo
EURUSD still bearish but with a potential retracementEURUSD is still bearish on the WLY Timeframe. Last week the price closed at the level of a previous Kijun Sen Weekly in extension, thanks to Ichimoku you can really spot this levels that otherwise would look like the price stoped in the middle of nowhere..
Now this level is worked and with a weaker DXY (see ) we're probably looking at some correction, maybe to the DLY TS or KS, before resuming with the overall downtrend.
Two possible Target Profit level are market in the chart, the first one the next support formed by a WLY KS/SSB in extension.
An invalidation of this scenario would be if the price breaks the DLY KS upwards.
Here's the WLY Chart showing the overall downtrend in regards to the Ichimoku System :
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
USDCHF the Lagging Span at a strong levelFollowing the DXY analysis (), the Lagging Span is a it's SSB level on the Weekly Timeframe. If the Lagging Span is refused to pass, a correction to the Weekly TS or KS is likely.
A breaking of that level and after confirmation, the next Target would be the Monthly KS as marked on the chart.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
CHFJPY still bullishCHFJPY is still bullish based on the Ichimoku analysis. On this Weekly chart we can clearly see that the Cloud is still uptrending and the Lagging Span is well above the price.
The price have been retracing last week and could retrace up to the Weekly Kijun Sen, from which we can expect a bounce to the upside to resume the overall uptrend. If the market breaks that level, the Cloud would be the ultimate support.
In the following Daily chart, we see that the price is trying to cross the Cloud by a thin passage. Crossing the cloud will active the target to the WLY KS as mentioned above.
The medium/long term TP is the previous high back from June 2015 as shown in the following Monthly chart:
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Crude Oil near a resistance levelWTIUSD, Price are close to a major resistance level formed by a Monthly SSB in extension. OPEC Inventories this Wednesday, reaction is to be expected.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Prices stuck in a long term compression ?Ichimoku PoV :
Prices are neutral, on a mid and long term vision. Stuck in their Daily and Weekly Clouds.
As first support, we can identeify the Weekly Kijun, at $1779.
Followed by another strong support which is the Monthly Kijun at $1763.
As a resistance, the Daily Kijun and flat Daily SSB are both a high level to break to give a first bullish signal and to go back to test the top of this compression.
This long term range will be interesting to follow during 2022 !
UK100A quick look at the FTSE100 Index using the traditional Ichimoku Cloud Settings of 9,26,52,26 and the MACD Indicator.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term momentum is downwards at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating the Mid-Point of the Mid-Term momentum is sideways at the moment but that may possibly change to downwards momentum once a significant low is created for the 26 periods.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards. Note that the Lagging Span (Chikou Span) is now under the Price from 26 Periods ago.
At the moment the Price is still in the Bullish Zone of the Ichimoku Cloud but is getting close to the Ichimoku Cloud Leading Span A (Senkou Span A) support level. At the moment of typing this, there is very little distance between the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support and resistance levels below the price.
Note that the Leading Span A (Senkou Span A) level is pointing downwards.
Note that the Last 5x Volume Bars have closed above its Volume 20 Period MA in the red.
The Price is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 8x 1hr candles that i have selected.
The Price is still way above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
If we look at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line is still under is Signal Line and is indicating momentum is downwards at the moment. Note that the MACD Line as dropped under its 0.0 Base Line into the Negative Zone on this 1hr timeframe and that the Red Histograms are increasing in size. If you are waiting for confirmation to go long, you need the MACD Line to cross back ABOVE the Signal Line creating a Buy Signal for this 1hr timeframe.
Be on the lookout for a break below the Leading Span B (Senkou Span B) level into the Bearish Zone and a successfully re-test of the Leading Span B (Senkou Span B) level as Resistance, after that, full Bearish confirmation on this 1hr timeframe will be when the Leading Span A (Senkou Span A) crosses below the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist into a new Bearish Red Cloud.
I hope this is helpful with trading.
GBPAUD bullish Daily timeframeComment:
GBPAUD Daily timeframe showing bullish trend by Ichimoku.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
Market is near resistance of 1.9152. Safer to wait for a resistance breakout to look for a buying edge.
EURGBP bearish in Daily timeframeComment:
EURGBP showing bearish trend as per below Ichimoku Trend Analysis.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market is near the channel as well as support level of 0.8304. Better to wait for the breakout to look for a selling edge.
EURUSD broke Daily supportComment:
EURUSD broke support level of 1.1186 and showing continuously bearish trend as per Ichimoku Trend Analysis.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market broke the support level but Kumo is very small. It could retrace back to Tenkan sen or Kijun sen before continue to downtrend.
GBPUSD: Daily Guide #GBPUSD Analysis
Crystal Clear Sell Zone, + Support & Resistance Levels, Daily Basis Trade Might Take Time, + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
USDJPY: Daily Guide#USDJPY Analysis
Crystal Clear Sell, This Is Daily Basis Trade It Might Take Time, Pateince Is The Key, + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
EURJPY: Daily Guide#EURJPY Analysis
Crystal Clear Sell Zone + Support & Resistance Levels For Further Assistance, If The Zone Is Broken And Became Support I Will Release Short Term Trades, But Mostly This Is Crystal Clear Bearish Market On Daily Basis, + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
EURUSD: Daily Guide#EURUSD Analysis
EURUSD Has Been Ranging For A Long Time Now, It's Most Likely To Explode From The Range Zone, Usually We look For The Breakout Of Ranged Zone With Pure Price Action To Take Decesion Yet In My Opinion It Looks More Bullish Than Bearish On Daily Basis, Still Watchout For Price Action, + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
XAUUSD: Daily Guide #XAUUSD Analysis
Gold Might Be Bearish For Short Term But On Daily Basis We Will Aim For Buy. Watch Closely For The Preferred Buy Zone + The Support Level, If The Preferred Buy Zone Is Retested From Below As Resistance The Bias Will Be Changed Totally To Sell But That Would Be Far Away, + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
USDCAD Buy Idea#USDCAD Analysis
Crystal Clear Buy Idea, Enter With Proper Money Management OR Wait For Further Confirmations + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
USOIL Future Important Zone's To Keep An Eye On.#USOIL Analysis
Million$ Trades If Traded Safely And Wisely.
Crystal Clear Zones, In Need Of Price Action + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support. My Gift To All The Investors, If You Benefit Dont Forget The Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
EURJPY Scalping Up & Down#EURJPY Analysis
Crystal Clear Sell Level + Crystal Clear Buy Level Wait For Price Break & Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.