Ma200
EURUSD Bounce Bounce and BouncePrice was rejected by the down trendline, and the MA60 is breaking now and we had several rejections as a clear inverse Head n Shoulder was formed before. Moreover, we have a divergence on MACD. All in all, we can spot a long position.
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GDP Up, USDCAD down !As GDP released better than expected, and price is sitting around a strong resistance and as MA200 is acting as a respected resistance along with our upper trendline, USDCAD could dive downward, so wait for the trigger like an eagle.
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MacroForex
SBEhere is SBE, which is in a very good spot technically talking.
so.. there is the long term trendline, and the MA 200, and the MA 50, and the closing triangle with a flat base which usually stop the rise or fall of the stock, and the base of the triangle which is a support/resistance that worked a few times before, so already used and tested, and something that a lot of traders would use too (at least the ones who have been trading this stock from its rise)
as my previous analysis, the H&S pattern worked but was made to squeeze shorter, which today's +10% made them suffer, and about who's is keeping in to short, tomorrow is gonna get a bit more, as the stock will fall to $37-38, which is IN MY OPINION, the BUY THE DIP here.
here, in the daily chart, we can see the long term trendline held all except one candlestick, and that the MA 50 not far.
the weekly here, also show how the long term trend actually HELD all the candlestick since it has been surpassed.
lastly, I expect the price to reach the ATH in the following TWO (2) weeks, at least 55 or 60.
of course, it is my beliefs, so do not trade only on this, and make your own opinion and strategies
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disclaimer: I do not know about the fundamentals here.
NLOKNLOK stock seems ready for bullish momentum.
there are divergences everywhere, as the price had 2 lower hight, but MACD and RSI (which is above 50) have both higher hight. plus the volume has been lowering in the past 2 weeks' bear trend, which DOES NOT confirm the downtrend.
the price itself is also just above the MA 200, and the MA 20 and MA 50 just made a golden cross, which could happen soon too between MA 20 and MA 200.
right now, we are on top of the triangle, which is NOT a good thing, because it could fall all the way back to $18, losing $3 (10%+).
BUT, if it DOES exist the triangle, we can see a higher high, at least $24.30, which is All-Time High as we can see here.
it also shows how the price has been moving between the MA 200 in the monthly chart, and the upper trendline (resistance)
can the price break the high resistance? idk, we will see.
is the price in the upper part of the MA 200- resistance trend? yes, so pay attention and DO NOT buy long unless some bullish sight shows up.
last thing: I suggest NOT to buy and hold, but to do weeks or months trade here since it is risky until it does not break over the top resistance.
WKHSbased on AM 200 days and the 15-20 channel, it's reasonable to buy long in that purple zone.
of course, this title can be triggered by news about USPS or others orders for its truck, but yet, that $15 can be a very good entry point considering it could be 3rd hit to $15 support, and also a good accumulation point.
NZDCAD Testing which level is stronger. 2 ways it can go.NZDCAD fell from the channel it has been ranging in but pulled back from the MA200 line. The next move for NZDCAD depends on whether the MA200 line is strong enough to push the price back into the channel it has been ranging in. If not, NZDCAD will fall to the next support level. We should wait for NZDCAD to move either way before making a decision on opening a position.
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Gold will rise after reaching a strong support. Low-riskGold will rise after reaching this support area where the rally to 2000 began. In addition, the MA200 is also around this area at 1797 (red line on the graph), a buy position in this area will be rewarded with low risk. Furthermore, XAUUSD price has collapsed and has not given a significant pullback where buyers come in, this is the area where I think buyers will come in. Setting SL substantially below this area is recommended in case of volatility and spikes. I will be looking to long around 1790 - 1800 with my SL at 1775.
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#BHP - 1D Timeframe - US ELECTION OPPORTUNITY - WIN-WIN?POLITICAL AND MARKET CONTEXT
Specialized on silver production that is a basic raw material of photovoltaic solar panels. Renewable energy consumes up to 30% of world silver production.
If Trump wins, price of metal might still rising due to his monetary (inflationary) policies.
If Biden wins, BHP will be a huge player as a raw material supplier of a possible boom of Solar and renewable energy
TECHNICAL ANALYSIS. 1D TIMEFRAME.
Historical support on $46.80 - $47.70 range. 4 clear rebounds on this level over last 15 months (yellow rectangles). March´s COVID-19 meltdown was the only time that this support was broken.
Last week this price range was tested again and showed quite strong even with a high seller volume . This time we've got MA200 assisting as double support just above Fibonacci´s 0.382 level.
Strategy: Monday and Tuesday sessions are crucial to confirm rebound on support pointed out. Specially with the high volatility and bear forces we might expect for this week.
If price resist this level and cross MA200, we´ll be able to open a long position with a target of $58.55 (+21.5%).
IS LINK PREPARING FOR A NEW ALL-TIME-HIGH?Over the past two years LINK has been bouncing off the daily MA200 on the logarithmic chart, resulting in a rally over 7000%.
In the coming month the chances are that it will hit the MA200 again. Looking at the past, getting close to the MA200 will result in a bounce with >100% growth each time, resulting in new all-time-highs.
Will LINK bounce and ascend to new all time highs or will its crazy run-up finally come to an end?
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USDCAD DAILY TIMEFRAMEHello traders, here is the full analysis for this pair... I saw head and shoulders pattern but price Pullback to the dynamic resistance and also at the area of strong support so at first right shoulder going to create and then I think we have a long opportunity to the next level of resistance. *Support this idea with a Like or Comments if you find it useful* ... Thank you