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Fundamentals Favoring a Bullish USDJPY:What Traders Need to KnowIn today's trading environment, the USD/JPY currency pair presents a bullish opportunity. Here are some key fundamentals that support this bias, along with an explanation of utilizing probabilities for positioning long trades. Key Fundamentals Supporting a Bullish Bias on USD/JPY 1. Bank of Japan's (BoJ) Monetary Policy: The BoJ has maintained its accommodative monetary policy, refraining from committing to predefined rate hikes for the remainder of the year. This stance is likely to weaken the Japanese Yen against the U.S. Dollar as traders anticipate continued divergence in monetary policy between the Fed and the BoJ. 2. U.S. Economic Growth: Recent data indicates a pickup in U.S. economic growth without significant inflationary pressures. This environment supports a stronger U.S. Dollar as it suggests that the Federal Reserve may not need to cut rates aggressively, contrary to some market expectations. 3. Market Sentiment: The overall sentiment in the forex market is leaning towards a bullish outlook for the U.S. Dollar, particularly against currencies like the Yen, which is under pressure due to Japan's economic conditions and the BoJ's policies. Utilizing Probabilities for Long Positions in USD/JPY When trading, I prioritize using probabilities to enhance my decision-making process. In conclusion, by focusing on probabilities and key fundamental indicators, I am strategically positioning myself for potential long trades in USD/JPY. This method not only enhances my trading confidence but also provides a structured approach to navigating market volatility effectively. Let's dive into my comprehensive top-down analysis together: 12M: 2W: 1H:
Long
by Jasminex1x2
The key is whether there is support near the M-Signal on the 1W Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has entered the 2nd section (56K-61K) again. The key is whether it can receive support near the 2nd section. - (1D chart) The key is whether it can receive support near 60672.0-61099.25 and rise above 61759.99. When a new candle is created around 60672.0-61099.25, it is necessary to check whether StochRSI enters the oversold zone. If it has entered the oversold zone, it seems likely to receive support near 59053.55 and turn upward. If not, it is likely to continue to decline further. - The volatility period is around October 5-10 (maximum October 4-11). Therefore, the point of observation is whether it falls below 56150.01-56950.56 or rises above 66676.87-68249.88 after passing this volatility period. --------------------------------------- (BTCUSDT.P 1h chart) As it fell below 5EMA on the 1D chart, HA-Low on the 1h chart was newly created. However, it is showing a downward trend without being supported by HA-Low. It is currently below 5EMA and M-Sigal on the 1D chart, and is located near M-Signal on the 1W chart. Accordingly, based on the 60651.2-61149.5 section, - Check for support near 5EMA or M-Signal indicator on the 1D chart when rising - When falling 1st: 59409.3 2nd: 56975.0 Check for support near the 1st and 2nd above You can create a trading strategy like the above. If it rises above 61149.5, there is a possibility that HA-Low on the 1h chart will be created again. At this time, whether HA-Low is supported is important. - Currently, the point where the HA-High indicator on the 1D chart was created is 64716.7, so it is expected that the upward trend will continue if it rises above this point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next Volatility Period: Around October 11Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It is showing sideways movement around 63118.62-64000.0. Therefore, if it breaks out of this area, - 65920.71-67614.25 when up - 60672.0-61099.25 when down You should check for support around the above area. The StochRSI EMA is almost approaching the 100 point. Accordingly, the possibility of volatility is increasing. As I mentioned in the previous idea, I think we can predict the future trend depending on how the initialization of this StochRSI indicator proceeds. - (BTCUSDT.P 1h chart) The section that the finger is pointing to is the section that fell below the 5EMA of the 1D chart, then touched the HA-Low indicator and rose. When it fell below the 5EMA of the 1D chart this time, we need to check whether it touches the HA-Low indicator and rises. The M-Signal indicator of the 1D and 1W charts is passing through the 60651.2-61149.2 section, so the key is whether it is supported around this area when falling. When rising 1st: 65922.3 2nd: 67612.8-68215.5 You need to check whether there is support near the 1st and 2nd above. - It is not easy to know whether it will rise or fall right now. However, you can predict the next support or resistance section depending on how it breaks through the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart. Therefore, I think it is a good idea to trade with a response strategy for rising and falling from the current position. For this, you need to have your own trading strategy established. ----------------------------------------- (USDT.D 1D chart) USDT dominance is showing a decline in an important section. Therefore, we need to watch whether it can fall after receiving resistance near the M-Signal indicator on the 1W, 1M chart. I think that in order for the coin market to show an upward trend, the USDT dominance must show a downward trend. Therefore, it is expected that we will be able to know whether the coin market can start an upward trend depending on whether the USDT dominance falls below 4.97 and is maintained or shows a downward trend. -------------------------------------- The purpose of adding DMI and OBV is to find out the strength of the trend. The final formula was changed accordingly. Based on the 0 point, - If it rises above 0, it means that the upward force is strong. - If it falls below 0, it means that the downward force is strong. The important thing to note here is when it touches the 2 or -2 point. At this time, you can proceed with a transaction by checking the movement of the BW indicator and StochRSI indicator. The trading time should be conducted depending on whether there is support at the support and resistance points drawn on the chart. It is recommended to use the movement of the indicator only as a basis for judging whether it is supported at the support and resistance points. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias: 1. Surging demand for AI chips driving record-breaking revenue growth 2. Launch of next-gen Blackwell architecture expected to outperform current offerings 3. Expanding market share in data center and cloud computing sectors 4. Strong cash flow and $50 billion share buyback program announced Utilizing Probabilities for Long Positions: As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA. By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively. 12M: 2W: 1H: What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies. Have a perfect trading week! 🚀
NASDAQ:NVDALong
by Jasminex1x2
Is Global Oil Demand the Key to Energy Market Stability?In the intricate landscape of global energy markets, the question of oil demand remains a central enigma. Driven by a confluence of geopolitical tensions, OPEC+ production strategies, and economic dynamics, global oil demand is a complex tapestry that shapes the future of energy markets. Geopolitical events, particularly in the Middle East, have historically been a significant driver of oil price volatility. The recent escalation of tensions has once again underscored the delicate balance between geopolitical stability and global oil supply. As geopolitical risks rise, so too does the price of oil, impacting investors in oil-related securities like the United States Oil Fund (USO). However, geopolitical factors are just one piece of the puzzle. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, play a crucial role in regulating global oil supply. Their production decisions, often influenced by economic considerations and geopolitical pressures, can significantly impact oil prices and, consequently, global oil demand. Beyond geopolitical tensions and OPEC+ dynamics, economic factors also play a vital role in shaping global oil demand. The global economy, with its cyclical nature, influences energy consumption. During periods of economic growth, oil demand tends to increase, while economic downturns can lead to reduced consumption. The interplay between geopolitical risks, OPEC+ strategies, and economic factors creates a complex and dynamic environment for the global oil market. Understanding these intricate relationships is essential for investors seeking to navigate the challenges and opportunities presented by the oil sector.
AMEX:USOLong
by signalmastermind
Chart Analysis and Trading StrategyHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (Trend-related) The M-Signals on the 1M, 1W, and 1D charts have converged and are showing an upward trend, and are currently showing signs of converging again. Therefore, if it falls this time, the key issue is whether there is support near the M-Signal on the 1M chart. Currently, the M-Signal indicator on the 1M chart is passing around 52K. Before that, we need to check whether there is support near the M-Signal on the 1D and 1W charts, which are passing around 60K. - (Trading-related-1) HA-Low, HA-High indicators are indicators created to conduct trading on the Heikin Ashi candle chart. The creation of HA-Low means that a low point range has been formed. Therefore, if it shows support near HA-Low, it is a time to buy. If it falls below HA-Low, there is a high possibility that the low point will be renewed, so a step-down trend is likely to occur. The creation of HA-High means that a high point range has been formed. Therefore, if it shows resistance near HA-High, it is a time to sell. If it rises above HA-High, there is a high possibility that a step-up trend will occur, so a step-down trend is likely to occur. Therefore, you can receive a basic range to start trading. - (Trading-related-2) In order to conduct a transaction, support and resistance points drawn on 1M, 1W, and 1D charts are required. To do this, we used various indicators to display support and resistance points. The support and resistance lines provided in this way indicate that the longer the horizontal line, the more faithfully it can perform its role as support and resistance. The horizontal line displayed on the bottom chart among the three charts above is displayed by the BW indicator. The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, CCI, PVT, and suerTrend indicators. Therefore, I think it is highly reliable. - (Trading-related-3) The BW indicator mentioned near Trading-2 is actually an indicator included in the TS-BW DMI indicator. This BW indicator is designed to draw a horizontal line on the price candle when it forms a horizontal line at the lowest point (0) or highest point (100). Therefore, you can proceed with trading depending on whether there is support at this horizontal line. If the BW indicator is created at the lowest point (0), it is likely to form a bottom section, and if it is created near the highest point (100), it is likely to form a high section. At this time, you can check whether the StochRSI indicator is in the oversold or overbought section and the correlation between StochRSI and StochRSI EMA to gain time to respond to an uptrend or downtrend. Since the BW line is currently created below the candle, it must fall below the BW line in order to turn into a downtrend. Therefore, when it falls below the BW line, you need to check whether the StochRSI indicator has fallen in the overbought zone or is maintaining the state of StochRSI < StochRSI EMA. If so, you need to determine that there is a higher possibility of a downtrend and create a response strategy. - (Trading-related-4) The auxiliary indicators added this time are DMI and OBV. However, it is not easy to check these two indicators separately. When interpreting the two indicators, subjective thoughts are constantly added, leading to incorrect interpretations or taking a long time to interpret, making it difficult to respond quickly in real time. Therefore, we have comprehensively presented the important interpretation methods of the DMI and OBV indicators. If it rises from the 0 point, it means that the upward trend is strong, and if it falls, it means that the downward trend is strong. Among them, the -2 ~ 2 section can be interpreted as forming a box section, that is, a sideways section. Therefore, the newly added DMI+OBV can be considered as a method of interpreting the CCI indicator. ----------------------------------------- Looking at the above, you may think that you can trade well, but when you actually trade, you may feel that it is not going well. I think this is because you do not have a trading strategy that fits your investment style. To create a trading strategy that fits you, you must have a concept of the three things above: 1. Investment period 2. Investment size 3. Trading method and profit realization method. In other words, you start trading thinking that you will conduct day trading as the investment period, but as the trading time passes, the problem is that the investment period is gradually extended to the short term and beyond, not day trading. In addition, you should distribute your investment funds according to your investment period, but if you do not do so, investing a lot of investment funds in one coin (token, stock) and creating an imbalance in your trading is also a problem. The investment scale of scalping or day trading and the investment scale of the mid- to long-term are bound to be different, but by using the same concept, you will create a situation where you can no longer proceed with the transaction. In other words, this refers to the phenomenon where you end up with 0 cash, which prevents you from proceeding with the transaction you intended and ends up proceeding with the wrong transaction. To do this, you need to think about how to buy, sell, cut losses, etc. when trading and how to make a profit. To do this, you need support and resistance points drawn on the 1M, 1W, and 1D charts. Then, you use various auxiliary indicators or chart tools to check whether there is support at these support and resistance points and whether it is a time for trading. The most commonly used ones are the price moving average, trend line, and Fibonacci ratio. Since these indicators and chart tools are created after the price movement, they can all be considered lagging. So, I would not say that auxiliary indicators such as RSI, StochRSI, MACD, CCI indicators are lagging indicators and therefore do not need to be used. Ultimately, the decision to proceed with a trade is determined by how well it reflects your investment style. Therefore, even if the chart analysis is interpreted in a completely different direction, you can reduce losses or even gain profits depending on your trading strategy. Therefore, rather than investing a lot of time in chart analysis, you should figure out how it fits your investment style and think about how to reflect it in your trading. So, rather than worrying about whether the current price will rise or fall, you should think about how to respond when you start trading at the support and resistance points drawn on the 1M, 1W, and 1D charts. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
“The Eurozone manufacturing PMI is weak”Following the interest rate decisions by the ECB and the Fed, the EUR/USD pair has risen to the 1.12 level. Meanwhile, the dollar index is recovering its losses post-Fed, which is limiting further gains in the EUR/USD pair. Today, the manufacturing PMI figures released for the Eurozone and Germany came in below expectations. This increased the pressure on the euro currency. From a technical perspective, if the upward trend continues and the 1.1115 resistance is broken, the next resistance levels to watch are 1.12 and 1.1275. On the downside, if pricing drops below the 1.1045 level, 1.0970 and 1.09 could act as important support levels for further declines.
by primequotes
Market Insights: Why Now is the Time to Go Long on SPX500USDThe S&P 500 continues to show resilience, and my overall bias remains bullish. Several key fundamentals support this outlook: 1. Cooling inflation: Recent data suggests inflation is moderating, potentially easing pressure on the Federal Reserve. 2. Strong labor market: Unemployment remains low, supporting consumer spending and economic stability. 3. Technological advancements: Ongoing AI and tech innovations are driving productivity and growth across sectors. 4. Corporate earnings resilience: Many companies are adapting well to the current economic environment, maintaining profitability. To capitalize on this bullish trend while managing risk, I'm utilizing probabilities in my chart analysis to identify optimal entry points for long positions. 12M: 2W: 12H: I’d love to hear your thoughts on this trade idea! What are your views on SPX500USD? Feel free to share your insights and opinions below!
OANDA:SPX500USDLong
by Jasminex1x2
Activate the alarm function when touching the set indicator Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- One of the good things about using TradingView charts is that you can use the alarm function. This alarm function has a limit on the number depending on the plan you use, so please check it out. I will take the time to explain the alarm function using my chart. It is hard, boring, and tedious to just look at the chart until you meet the desired trading point or criteria. If you do that, you may end up making a wrong trade or missing the trading period while doing something else. If you create an alarm and change the Value section to the HA-MS_BW indicator, multiple indicators will be displayed. The indicators currently activated on the chart are HA-Low, HA-High, BW, and M-Signal indicators on the 1D chart, so you can select BW or HA-Low, LH, LL and check if the alarm turns on when they cross. When looking at the 15m chart, since it is moving sideways in the box section of the HA-Low indicator, if you set it to LH, LL indicator, the alarm will come when you touch the upper or lower point of the box. Then, you can use it conveniently when you want to trade within the box section. If you want to trade in a large trend, I think it would be good to set the alarm to turn on when you touch the 5EMA on the 1D chart. Or, you can set the alarm to turn on when the OBV indicator breaks through the high (HH) or low (LL) line upward. If you are a paid member of TradingView, I highly recommend using the alarm function. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Example of how to determine the timing of a tradeHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The following is an explanation of how to use the indicators included in the chart. If you don't need to see how to use the indicators, you don't have to read it. - (15m chart) Currently, it is moving sideways within the box section of the HA-Low indicator. Therefore, in order for a trend to occur, it must break out of the box section of the HA-Low indicator. When the support and resistance points indicated on the chart are touched, you should check the movements of the OBV, DMI, and StochRSI indicators and decide whether to proceed with the trade. If the DMI rises above 25, there is a possibility that it will break through the box section of the HA-Low indicator upward. At this time, you should check whether the OBV is rising along the high point line and the status of the StochRSI. If not, you should decide whether to proceed with the trade within the box section. -------------------------------------- I think that the indicators I used have been organized and modified, and now they are being used more in day trading. If possible, it is good to draw support and resistance lines on the 1M, 1W, and 1D charts and respond accordingly. The most difficult part of any trade is whether it will go up or down right now. For this, we refer to many things. So, what I am going to explain is not necessarily correct, but I think it will reduce the fight with myself about whether to trade right now. - (1D chart) (4m chart) The most important thing in my chart is the MS-Signal indicator. This MS-Signal indicator was created using the MACD formula. Therefore, to see the trend, you can refer to the movement of the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts). Then, you can immediately see the current trend on any time frame chart. For reference, the MS-Signal indicator is made up of the M-Signal line and the S-Signal line. - (15m chart) (5m chart) The next important indicator is the HA-Low, HA-High indicator. The HA-Low, HA-High indicator is an indicator that shows the conditions for trading on the Heikin Ashi chart. Therefore, the creation of the HA-Low indicator means that a low point range has been formed, and the creation of the HA-High indicator means that a high point range has been formed. Therefore, if it is supported near the HA-Low indicator, it is a buying period, and the HA-High indicator is the first selling period. A full-scale uptrend begins when it is supported by the HA-Low indicator and rises above the HA-High indicator. On the other hand, a full-scale downtrend begins when it encounters resistance from the HA-High indicator and falls below the HA-Low indicator. You can use this characteristic to determine the timing of trading. - The BW line is an indicator that is displayed when the lowest point (0) and highest point (100) of the BW indicator included in the TS-BW DMI auxiliary indicator form a horizontal line. Therefore, the creation of the BW line means that a low point or high point section has been formed. Therefore, 1. If the BW indicator is at the lowest point (0), it means that a low point section has been formed. 2. If the BW indicator is at the highest point (100), it means that a high point section has been formed. However, rather than looking at the BW line in this sense, it is better to think of it as a support and resistance point and focus on whether you can proceed with trading depending on whether it is supported or not. - With the newly added OBV and DMI indicators, you can now check whether the current rise or fall will continue by following the correlation of the StochRSI indicator. I think it was difficult to determine this with just the StochRSI indicator in the past. The reason is that when the StochRSI indicator entered the overbought or oversold zone and tried to escape from that zone, it often led to additional rise or fall. Therefore, your own chart analysis know-how was needed to determine this. That does not mean that chart analysis know-how is not needed because the OBV and DMI indicators were added. Please think of it as the concept that there is more reference material to determine this. - (OBV indicator) In order for the price to rise or fall, trading volume must occur. Therefore, it is good to see whether the current rise or fall occurs and whether the buying or selling force increases. The indicator used to confirm this is the OBV indicator. I will not explain the concept of the indicators I am explaining separately. The reason is that it only increases the time spent studying the chart, so I am trying to explain only the core utilization methods of the indicator. In that sense, - If the OBV line rises above the high point and is maintained, it means that the buying force is increasing, - If the OBV line falls below the low point and is maintained, it means that the selling force is increasing. By utilizing this, it can be helpful in determining whether the current rise or fall is sustainable. The color changes when the low or high line is broken, which means that it is the trading period. - (DMI indicator) The DMI indicator is an indicator composed of D+, D-, and ADX lines. Therefore, it is difficult to see and interpret it. To compensate for this, three indicators were created as one. The ADX indicator indicates the strength of the trend. Therefore, an ADX line rising means that the current trend is getting stronger. On the other hand, an ADX line falling means that the current trend is getting weaker. Therefore, you cannot tell whether the current trend is rising or falling just by looking at the ADX line. The correlation between the D+ and D- indicators tells you this. The ADX line in the TS-BW DMI indicator is a comprehensive expression of this information. If the color of the ADX line is pink (#e65100), it indicates an upward trend, and if it is aqua, it indicates a downward trend. If the ADX line is located below 25, it is highly likely that a box section will form. Therefore, at this time, you should check the movement of the indicators mentioned above and check whether there is support at the support and resistance lines displayed at the current price position to determine the trading point. - By checking the correlation between StochRSI and StochRSI EMA, you can determine whether the current trend is sustainable by checking whether the previously used StochRSI indicator has entered the overbought or oversold zone. In other words, even if OBV and DMI show an upward trend, if the StochRSI indicator shows a downward trend in the overbought zone or declines, you should determine that it is difficult to continue the upward trend and find a way to respond. In that sense, if you look at the 1D chart, you can immediately see that even if it rises further, it will eventually fall. Therefore, I think it is a good idea to wait until the StochRSI indicator shows an initialization (if it has entered the overbought zone, it must fall and touch the oversold zone to be determined to have been initialized). We do not know how much the StochRSI indicator will fall, but now we can determine it by looking at the OBV and DMI indicators together. - To comprehensively explain the OBV, DMI, and StochRSI indicators, 1. For an uptrend to continue - OBV must show an uptrend along the high point line - DMI must show an uptrend - StochRSI must show an uptrend (better if it has not entered the overbought zone) 2. For a downtrend to continue - OBV must show a downtrend along the low point line - DMI must show an uptrend - StochRSI must show a downtrend (better if it has not entered the oversold zone) 3. In the case of a box zone - When OBV moves between the low point line and the high point line - When DMI is maintained around 25 or below - When StochRSI is maintained around 50 If you have not started a trade when a movement occurs at the support and resistance points drawn on the chart, it is recommended to check whether there is support by meeting the support and resistance points and then proceed with the trade. Also, - When OBV rises above the low or midline - When DMI shows an upward trend - When StochRSI rises in the oversold zone and becomes StochRSI > StochRSI EMA When the above conditions are met, you can check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts around the price and proceed with the transaction. If you are using my chart to trade, it is recommended to draw at least the HA-Low and HA-High indicators on the 1M, 1W, and 1D charts. And, when the BW line is created, you can determine the trading point by looking at the movement of the indicators. If you need more support and resistance points, you can activate the StochRSI-related (StochRSI < 80, StochRSI > 20), OBV, CCI-related (-100, +100), and RSI-related (RSI < 70, RSI > 30) indicators in the settings of the HA-MS_BW indicator. In addition, 1, 2, 3, and 4 indicate the volume profile points by period, so they also play the role of support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
“USDZAR on a Downward Trend”The South African Reserve Bank has reduced the policy interest rate to 8.00%. Following this move, the reversals at the 17.40 level in the USDZAR pair have drawn attention. The Fed had unexpectedly cut rates by 50 basis points at its September meeting. This situation has led to significant losses in dollar assets, while we can observe that any increases in the USDZAR pair remain limited. From a technical perspective, if the exchange rate surpasses the 17.70 level, rises may initially extend to 17.95 and then to the 18.20 resistance level. On the downside, if the 17.40 level is breached, we could see a decline to 17.15 and then to the 16.90 support level.
by primequotes
“Can USD/JPY Surpass the 144.0 Level?”The Bank of Japan (BoJ) kept its policy interest rate unchanged, holding it steady at 0.25%. The bank noted that Japan's economic recovery is continuing, and inflationary pressures have eased due to a decline in import prices. According to data released today, Japan's Consumer Price Index (CPI) for August increased by 3% year-over-year, in line with expectations. As a result, the USD/JPY pair has gained momentum, rising from the 140.85 level. From a technical perspective, if the 144.10 level is surpassed, the pair may test the 147.30 resistance first, followed by 149.55. On the downside, if it falls below the 140.85 support level, a drop toward 138.0 and then 135.15 could occur.
by primequotes