Get started

Macdcrossover

Oil still going up ? 1W analysis Hello everyone , as we all know the market action discounts everything :) The WTI/USD closed at 74.64 last week dropping from 75.28 but the market is showing great strength , and the bears trying to stay in control . The market seems to be moving in an upward channel between the range of 83 and 63 with no breakouts yet . no signs of a reversal pattern yet . for the daily basis seems like the price might drop a bit , but on a weekly chart the data is telling us that the market seems to be getting some momentum , where indicators are telling us the movement is still bullish , lets check that data : 1_Market price trending above then 10MA , 20MA and the EMA (bullish sign). 2_RSI at 71.31 sitting in overbought zone and showing great strength in the market (bullish sign). 3_MACD creating a positive crossover with the market price (bullish sign). Support & Resistance points : support Resistance 1_71.43 1_77.66 2_68.07 2_80.53 3_65.20 3_83.89 Fundamental point of view : Margaret Yang stated that : Crude oil prices pulled back slightly during Monday’s APAC mid-day session after rising 3.5% over the last two days. The emergence of the Delta variant of Covid-19 is threatening a new round of lockdowns around the world, casting a shadow over the outlook for energy demand. A stronger US Dollar also weighed on commodity prices. "Meanwhile, unresolved deadlock between Saudi Arabia and the United Arab Emirates (UAE) remains a wildcard in the oil market. Traders are worried that escalated disputes may reignite a price war among OPEC+ members and hammer oil prices. On the other hand, a resolution may lend support for prices to aim at higher levels. This is because the planned 400k bpd production hike marks only a small fraction of an estimated global supply shortfall of 3 million bpd by the end of this year." Oil and gas production is becoming a tedious business, like coal mining or nuclear power, after the hype of previous years. Weekly data shows an increase in drilling activity in the US oil and gas sector. However, new rigs are only enough to maintain production at 11m BPD since last September, after the peak in March 2020 above 13m b/d. Even two-year highs in prices and extremely favourable financial conditions on the markets do not inspire active expansion. Without the US as a contender for market share, the main balancing force is the OPEC cartel, whose overall policy is well within the new "standards" of boring oil producers: high dividends and slow-growing supply. If the production boom is behind us, we should expect a price boom along with a demand boom. Make sure to Follow and Like for more content This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask Thank you for reading.
FX_IDC:USDWTILong
by GabiDahduh
Using the Moving Average Convergence Divergence (MACD)MACD – What it is The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages: 1. The 12 period exponential moving average – On Tradingview it is the Fast Length. 2. The 26 periods exponential moving average –On Tradingview it is the Slow Length. The MACD line is calculated by subtracting the 26 period EMA from the 12 period EMA. The Signal line is the 9 period exponential moving average. These two lines are then plotted on top of each other. These are the two lines you see when you turn on the MACD indicator. Additionally, there is a histogram that shows the distance between the two lines. Larger bars tell us that the MACD and Signal are further apart. When it comes to candles, size matters. The larger the candle the more momentum the trend has. The histogram will turn green when the MACD line is above 0 (bullish) and it will turn red when the MACD line is below 0 (bearish). Very bearish momentum is shown above. Photo was taken May 23, 2021. How to use the MACD The most important thing to know about the MACD is how to read the relationship between the two lines. I’ve found that the best timeframe to use the MACD with is daily. This is because the MACD is a lagging indicator and using daily data prevents a lot (not all) of false buy and sell signals. These signals are: • When the MACD line crosses above the signal line it is a buy signal • When the MACD line crosses below the signal line it is a sell signal Additionally, it is best to use the MACD in a trending market; a market with a clearly defined up or down trend. Using the MACD with trend lines is a very powerful combination. The reason for this is that if the market is moving sideways, you can see small fluctuations where the MACD and Signal Line cross but the price does not really go anywhere. These are false breakouts. Therefore, these signals are not automatic buys and sells. There are ways of confirming the indications from the MACD chart. One way is a strategy that uses the RSI and MACD together (which is beyond the scope of this text, but I will discuss in my next article). Another way is to use the MACD with the current trend. So, if you are in an uptrend and then you see a bullish cross, then this is confirmation that you are likely to go higher. The same is true in reverse. Also, please note that the cross over happens well after the price either stabilizes or rises. Again, this is because the MACD is a lagging indicator. Leading Indicator? Since the MACD and Signal lines are lagging indicators is there something that can be used in a predictive way? Some traders use the histogram as a way to predict when a reversal will occur. Since the MACD is a momentum indicator it can show us when sell pressure is alleviating. Meaning it might be a good time to buy. This doesn’t always work of course, but with good risk management (stop losses) you can often get into a position well before its breakout. Conversely, it can show you when your long position is running out of steam and can warn you when to get out. MACD Divergence Another useful way to use the MACD is to spot divergences. A bullish divergence, very similar to the RSI, is when the short-term price trend is going down but, the MACD is going up. Bearish divergence, also very similar to the RSI, is when the price trend is going up but, the MACD is going down. Trading this way is sometimes not a good idea because you are trading against the trend. Please practice good risk management if you are trading reversals. Also, notice the buy signal right before the sell signal that is circled. I really want to hammer home the point that the signals are not automatic buys and sells. Price action is a great way to confirm the reversal (to the up or down side) of a trend. Because simply spotting a divergence does not guarantee the price will follow. Final thoughts As you can see there are different ways of successfully using the MACD. I hope I’ve made a few of these ways clear in this beginner guide. Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more. Links to my Fibonacci Retracement and RSI guides are below. Thanks for reading!
Education
by zsamochin
126
Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August. - The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning. - A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside. - The RSI indicates CRM is not yet overbought (RSI<70). - Furthermore, the stock is trading above its 20, 50, and 200 moving averages .
NYSE:CRMLong
by otis_bagshots
AUDCAD Trade setup short termHello everyone, I am going to keep this short and sweet because my last posts have kept getting banned. I apologize for my absence, but I am hopefully going to be posting more often now. Elliott wave analysis: It looks like we have just started our wave 5 of a greater decline, maybe some sort of wave C? I am not sure, I have not look at the larger structure too much. But for now, let's work with the trade opportunity available to us. The reason why I think that we have started the wave 5, is because we have just finished an a.b.c wave 4, that ends around the end of the wave b in the wave 3, which is a really strong support in harmonic elliott wave theory, that shows this is infact a wave 4. The target is the 2.618 of the wave 1 and the 0.618 of the wave 1-3-4, which is around the same place. Depending on your risk tolerance, the stop loss can be the prior swing high/ end of wave 4, or the most recent high. I am stopping at the most recent high, because I am not planning on risking too much on this trade. Moving average analysis: The 200 ema rejection on the 15 minute is giving me HUGE bearish vibes. Not only does it reinforce the fact that wave 4 has ended, it also tells us that there is a lot of bearish momentum still. In addition to this, on the one hour, we have seen that the 55ema has crossed over the 200ema which is an incredibly bearish sign. RSI analysis: On smaller timeframes such as the 15, 30 and 40 minute, we can see that we have rebounded off of a strong rsi support and are headed back downwards. I have drawn on the rsi, what I think the move will look like. I suspect that we will see a rebound from the oversold zone, that will indicate the end of the wave 5 with strong bullish divergence. On smaller timeframes such as the 2 hour and the one hour, we can see that we have seem lower highs and are trending back downwards again. Macd analysis: The macd worries me quite a bit. On the 1 hour, we can see that we have a cross on the negative side, which is not something we want to see when we are headed lower, but on a smaller time frame, for example the 30 minute, we can see that the Macd has rebounded off of the zero line and we see bearishly diverging rsi. This hints to me that we will be seeing lower price action and perhaps a cross on the macd of a higher timeframe. All in all, we are headed downwards. The target is the 2.414-2.618 area, and the stop loss is either the end of wave 4, or the previous high.
Short
by Mika_k
KOTAK MAHINDRA IS A BUY !My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one. Bullish Signals The daily candle formed a bullish engulfing candle. The Stochastic RSI is oversold and is attempting a reversal. The MACD on the Daily is converging and had a bullish crossover on the 4H. This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals. -Kautilya.K
BSE:KOTAKBANKLong
by kautilya_k