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EURUSD Bullish Near Support ZoneHi Traders! EURUSD looks bullish near the support area as the market is looking to re-test the 20 EMA and possibly target the resistance zone. Here are the details: The market is trading near the support zone, and we are looking for a bounce near this area. The strategy here is to buy market dips and retracements. Preferred Direction: Buy Support 1: 1.10018 Support 2: 1.10093 Resistance 1: 1.10793 Resistance 2: 1.10853 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Bitcoin dominance soon resume uptrend, altcoin gradually die outDuring 2017 altcoins mania led by ETH, Bitcoin market cap dropped to 35% because speculators poured in fanatically buying altcoins or shitcoins, thereby pushing high market share of altcoin. Many of those coins disappeared in the subsequent bear market over 2018. The whole crypto market has staged a rebound since April 2019, and this time the huge upswing was led by Bitcoin, overshadowing altcoins such as COINBASE:ETHUSD COINBASE:EOSUSD . Having bottomed out at the beginning of 2019, the market dominance of Bitcoin (%) steadily increases and the trend is very clear. More noticeable is that Bitcoin market dominance doesn't change much, providing that recently Bitcoin has suffered a significant setback of dropping from 13500 to 8000. The only reasonable explanation, which many have realized, is altcoins slump together, or even more. Bitcoin market dominance probably resumes uptrend and reaches 80% soon.
CRYPTOCAP:BTC.D
by UnknownUnicorn3838311
3
Very bullish on SPY. No concern of recession. Going up!!I published 2 videos this morning on my YouTube channel - Dumb Money Trader. The first was on why the market is up today, and the second was showing you my analysis on this very chart publishing here on Trading View. Check out the videos, hit the like button, and subscribe if you haven't already. I'm working on other video projects for the channel, and I think y'all will like what I have to share. My videos will only get BETTER from this point on. You can also visit my free blog - www.DumbMoneyTrader.com - for news, insights, analysis, and tutorials.
AMEX:SPYLong
by Bankuur
1
S&P500 vs. Retail (Discretionary Spending vs. Economy Growth)In past market recoveries and or market growth we see a confirmation that the economy is growing as well by looking at how retail companies perform. For example J C Penny performed extremely well before the Dot-Com bust and was also able to recover very well before going into the Housing Bubble. Post the housing bubble, the economy has been inflated due to FED manipulation. Job growth and wage growth cannot be growing at the level the government reports simply due to the lack of discretionary spending by the mass population. If we truly were getting back on track with the number of people employeed and were also on track with wage growth then a stock like JCP should be growing...not shrinking. Also...very surprisingly, a sudden loss in profits from JCP preceded the market burst on BOTH occasions. Granted we cannot use the same logic to a market where JCP stock doesn't rise (to compare to S&P pending fall), we should still keep this in consideration for the next time retail sales SUDDENLY slow.
J
by cmharkey
2
London Session Watch NZDJPYNZD/JPY formed an inside bar candlestick pattern at the mid band of the bollinger band and there's another bullish pin bar candlestick pattern after the breakout of the inside bar candlestick pattern which shows more buyers are coming in. Note that the stochastic indicator was showing oversold at the time the price formed the inside bar candlestick pattern which adds odds to the buyers here. The recent trend is bullish as the short term moving averages (10 and 20 period) stay above the long term moving averages (50,100 and 200 period) and the Tenken-sen is well above the Kijun-sen. With all the indicators suggesting the price will move higher, we could potentially have long trades in today London session.
Long
by radoslaw.mazgaj
London Session Watch USDCADLondon Session Watch USDCAD There are multiple pin bar candlestick patterns rejecting the mid band of the bollinger band on USD/CAD which could potentially offer buying opportunities in today's London session. The long term trend is still bullish as the short term moving averages (10 and 20 period) are still above the long term moving averages (50,100 and 200 period) and the Tenken-sen continues to stay above the Kijun-sen as well which adds fuels to the bulls. Note that the Stochastic indicator is in oversold territory and the Commodity Channel Index (CCI) is also very near the oversold region which favors the bulls in this market. With all that being said, we have a high probability of buying opportunities coming in in today's London session.
Long
by radoslaw.mazgaj
USDCAD SHORTUSD/CAD is in a trading range over the short term horizon while the longer term trend is still up as the 200 period moving average has not been breached. The current support level is at 1.0880 and resistance at 1.0983. The price action performed a false break at the top of the 1.0983 resistance level yesterday which led to a big downside move. The price has broken below the up sloping trend-line before falling further. Besides, there’s an inside bar candlestick pattern and two doji candlestick patterns formed just below the up sloping trend-line. The MACD indicator and Parabolic SAR indicator are showing the price may have a short term downtrend coming which supports the bears in this market. The price has also broken the 100 period moving average and the Ichimoku cloud which could offer shorting opportunities in today London session.
Short
by radoslaw.mazgaj