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Is AUDJPY set to take a short-term pause? After days of buying, we are seeing a small pause at this point in the day. The AUDJPY has started to see some red after a 5-day rally. Price is stalling at a previous level of resistance, seen at 89.90. We still see price on an uptrend with a break of the last downtrend. But buyers need to clear this resistance point to get the trend back on track. The MA supports the uptrend, as does the CCI being above the 0 line. A lower high has formed on the CCI, but our main focus will remain on price and the current level of resistance. If we see a higher break, we will look for a test of 90.50. If resistance can hold buyers and we see anew new move lower, we want to see the trendline hold, or it could be a sign that sellers are planning a deep move. Good trading, and enjoy your weekend.
Long
by Eightcap
US Dollar and Crude Oil Euro UpdateHey Traders so today wanted to give quick update on these charts. US Dollar still showing signs of strength and Crude Oil is now back in downtrend in my opinion. Keep in mind that all these technical developments can change daily. But I believe you only have to check it once a day when the market closes to see the long term trend. I think if you see a bottom or top formation on the daily charts normally it is accuarate because it takes the market time to carve out these long term formations. Of course always keep in mind fundamentals can alter these techincal analysis formations also. Enjoy! Trade Well, Clifford
ICEUS:DX1!
by TradetheFuturesCharts
A Major level for USDT.DUSD.T dominance is forming an ascending triangle, which is considered bullish. However, we did break down from the triangle. I published the first altcoin season idea on December 17th, 2022 and I believe that a pump is coming. Currently, we are running into heavy Support from the 50-week moving average. For altcoins to remain bullish , we need to break this level. If we don't break through this weekend, we may see a large green candle. So, it's best to be cautious and not risk your money right now. Stay out of the market and wait for the candle to form before making any decisions. The market could potentially experience a hard dump or a hard pump, so it's important to be informed. I will update this idea as more information becomes available. Have a great day folks
CRYPTOCAP:USDT.D
by Bitsleader
1
Bitcoin movement in FOMC! So right now Bitcoin is bullish + bearish as well it's upon whales now how they are going to play BTC and FOMC results, higher changes are for 25BPS well let me tell you what mindset you should have right now! Till the time we don't break the 21430-21300 key support level don't be bearish Right now I am still Bullish on bitcoin and I am hedging the trades just because I have my long-running from 21500 Again be bullish till we break the support of 21300 ✅
by TradingTigers07
General US Market Update - HeatmapHeatmap The Heatmap from yesterday (SP500) shows a mixed bag which is a result of a 'natural pullback' following a decent rally over the last period and some concerning FED news as listed below. General Market Update Stock Market Falls Following Cautious Comments From Fed Official The stock market ended moderately lower Thursday, as the Fed suggested they will keep raising rates beyond most expectations to curb inflation. Economic Data, Fed Comments, Treasury Yields The Labor Department's initial unemployment claims fell to 222,000 vs. 225,000 in the previous week, meeting estimates and hinting at continued strength in the labor market. Housing starts and preliminary building permits for October came in above estimates, but still slowed compared with September. The Fed said rate hikes have had limited effects on inflation so far and that more work has to be done. They also said that rates are not yet at a level that may be considered sufficiently restrictive. Investors now place an 80% probability of a 50-basis-point rate hike at December's Fed meeting, down from an 85% chance a week ago. The 10-year Treasury yield jumped to 3.77% Thursday, recovering a part of this week's slide. _________________________________________________________________________________________________________________ 🍾🍾 We trade like the Champions 🍾🍾 Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.
BITSTAMP:BTCUSDLong
by JS_TechTrading
2
US Market Update Heatmap NASDAQ for last week The heatmap for the Nasdaq for the last 5 trading days looks great. Many names could improve by more than 10% with only very few exceptions, TSLA being a big outlier last week. Overall a very promising week which could actually indicate that we are getting very close to the bottom of the current bear market. General Market Update The US stock market ended a powerful week in an optimistic mood, rallying into the close as the strong dollar fell. Investors look to be rotating into a more aggressive stance. The Nasdaq, which has been suffering severe losses in 2022 so far, performed best. It rose 1.9% for the day and ended with a weekly gain of over a giant 8%. Crucially, it is now back above the 50-day moving average. It remains down more than 28% for the year. The S&P 500 managed to squeeze out a gain of 0.9% Friday, raising the weekly total to nearly 6%. The 200-day moving average now looks in reach after it climbed away from its 50-day line. Blue chip stocks lagged the other major indexes following recent outperformance. Nevertheless, the Dow Jones Industrial Average still closed up 0.1% for the day and more than 4% for the week. Nike (NKE) and Walt Disney (DIS) were among the top performers. Volume was down on both the Nasdaq and the NYSE, no surprise given Thursday's massive volume. Breadth was solid in both exchanges, with advancers outnumbering decliners about 2-1. With many near-term hurdles cleared, the stock market looks to be in a good position to make the turn. However, swing-traders still have to expect increased volatility. Weakening Dollar The strong dollar has been a big headwind for the stock market, but signs of peak inflation have seen the currency fall in recent days. Friday's weakness in the U.S. Dollar index extended a move that began Thursday following lower-than-expected U.S. consumer inflation data. Many companies have seen their bottom lines hit due to expensive foreign exchange rates. If the dollar continues to weaken, it will conversely boost earnings for firms with foreign operations, bolstering their stock price.
BITSTAMP:BTCUSD
by JS_TechTrading
Trendmaster Market Update - Monday October 3rd -Welcome to Monday October 3rd The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to problems in Deutsche Bank and several other institutions across the European continent. That being said everyone is bearish and expecting more downside and historically Q4 is the strongest quarter. *Breaking* - hastily announced emergency FED meeting (US) has been called for today at 17.30 UTC -Markets Both the Nasdaq and the SP500 are at critical support. The Nasdaq closed the quarterly under 11k signaling the lowest close in 2 years however still holding above it’s 9.7k pre covid dump high. A gain of 11.5k is the only thing that matters to the upside - The SP500 also closed the Quarter under 3.6k another 2 year low with only the pre covid dump high at 3.4k to offer any levels of importance to the downside. - The VIX is still hovering around the low 30s and at a potential failure point. A loss of 29.5 and the major support there could see some bullish relief as markets have been generally crushed and fear and panic are reaching 2008 levels. Anything above 35 and the bearish markets should accelerate to the downside. - -Crypto BTC is still hovering near its main resistance as 20k which is the September, July, and Q3 open. This is the main area to break out from which upon its gain should see a test of 21.2k at the least. To the downside 18.6k has remained an important swing in price action and between that and 18.4k there any major losses or level there should flush the price back into the 17k zone. - ETH although retracing more than BTC following the highs from the summer rally, ETH continues to hold above the June/July range high at 1.27k. Any loss of level around 1.22k should see a retest of the previous range levels at the low 1100s. To the upside a regain of the floor of 1.4k could see ETH rally to its September open levels of 1.55k. - BTC1! - BTC trading on the CME is opened up monday with a slight gap just above 19.2k at that is the Daily, Weekly, Monthly, and Quarterly open. The CME Report showed nothing significant other than Exchanges/Brokers being extremely short as of last Tuesday. Asset Managers/Institutions are still completely out of position on their longs that were added in November ‘21, and April, August of this year are severely under water. CME traders want the regain of 20.4k to test up into the 22k zone. There is also a very old CME gap from 17.6k to 17k which is still untouched from the 2020 runup. Any fill of that gap would be critical in the overall price and a buy back or continued loss of that zone would dictate BTC’s direction for the coming quarter. - Spotlight NFLX - Netflix has been playing out a beautiful 17%+ range for the past 6 weeks with major support at 215 and resistance at 250. Buying higher lows from the support and Selling lower highs from the resistance is still viable until proven otherwise. A loss of the 215 low should see a retest of it’s June monthly open at 198 while conversely a breakout of 250 could see the gigantic gap between 252 and 330 finally filled. A breakout however, is only likely in a general market rally. - Financial Events The emergency FED meeting today at 17.30 UTC is of critical importance to the markets as the financial system is showing signs of cracking. The only item listed under Matters to be Considered is “Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. Other important items this week: Wednesday Oct 5th - Crude Oil Inventories Thursday Oct 6th - Initial Jobless Claims Friday Oct 7th - Unemployment Rate - Forecast 3.7% Chart to Watch The DXY Dollar Currency Index is generally the canary for market Bullishness or Bearishness as it has an inverse relationship with the general markets. The fact that we are at the midpoint of the “Dot Com Bubble” high structure is a frightening wake up call. It has continued its fully parabolic move since the double bottom back in May 2021 and shows no signs of slowing. The important swing low at 111.3 needs to be broken and retested bearishly which would signal a general correction in the DXY and see much needed relief flood into the markets. It has currently only tested structure at 111.6 in the past few days of retracement and looks primed to send off to new highs. The eventual parabolic break of the DXY will be a catalyst for a significant bear market rally. -
TVC:DXY
by TrendmasterOfficial
#SPX - Update 7-25-2022SPX had a solid two week run hitting our 4000 Target before showing a pullback. SNAP ER showed an early sign of possible Earnings outcomes for Social Media Stocks. There are still Dip Buyers in the Market so it is possible to see a continuation into 4100 depending on reports. Wednesday is a Heavy Binary Day with Bigger ER stocks and FOMC. For today I'd watch the price action and take smal quicker plays until Wednesday. If SPX can defend 3938 we can see a drop in the markets to 3900, 3880 next. I would wait for SPX to reclaim 4000 for calls.
SP:SPX
by MoneyFlow_Options_Community
#SPX Update 7-20-2022#SPX had a great run up into our 3974 Target. Nice move after finally breaking above 3900. Yesterday we saw more of a consolidation than previous. We cut our calls at our 3974 target for now. SPX has a chance to. Pullback from here if we dont enter the gap today. If we can break through we will see our 4000-4017 target area. Hard to enter calls here after the size of run. Cant enter puts with no reversal confirmation. Be PAYtient and let the trade come to you.
SP:SPX
by MoneyFlow_Options_Community
#SPX Update 7-19-2022#SPX finally broke out over 3900 and continued strong up through close. NFLX was a big watch AH and ended up showing good numbers. We have TSLA AH tomorrow. SPX can continue this move up into 4000-4020 area by friday. 3957 and 3974 are still targets before 4000. Do not let high volatility deter you from trading if you have reliable charts you can read. Instead conwider controlling your risk with Position Sizing. Consider leaving your loss limit the same but lowering position size. This allows you to limit loss if the trade goes against you, and allows you to add position size at set targets when the charts continue in your favor.
SP:SPXLong
by MoneyFlow_Options_Community
#SPX Update 7-18-2022SPX showed a strong Gap up after the weekend with a continuation on some bigger Bank ER numbers. It failed the breakout attempt above 3900 early and stayed in range throughout the morning. Once SPX fell below our 3880 support, we saw a big drop with catalyst from AAPL news and Housing Numbers. AAPL has been relatively strong and finally seen a big day of weakness which fueled the market to drop. The pops were being sold off into close. For tomorrow SPX needs to hold 3838 level or we can see a quick move to 3800. Below we can see 3778, 3760, 3741 below. SPX will need to break todays high's to set up for a move to 4000.
SP:SPXShort
by MoneyFlow_Options_Community
BTC/USDT WEEKLY ANALYSIS JULY 2022So here is detail analysis of btc on weekly time frame BTC is trading in long term bearish trend and now currently trading at 19.4k with strong support 18.5k and 17.5k which is local Demand zone and 29k ATH Resistance and strong resistance of last upward trend at 23k . On breakdown from 17.5k market will be on the way towards deom 13.5k to 12.8k area. here most important areas are 17.5k which needs to hold otherwise market will be towards 13k . and Resistance level 23.4k needs to break for the confirmation of new uptrend
INDEX:BTCUSD
by TeamCaptainAlts
#SPX Market Update Update 7-10-22SPX presented some great opportunities last week off our double bottom at 3741. We had a 176 point run from there. If SPX can reclaim 3945.86 the Bulls will make a higher High on the Daily Chart. Still well within a “Bear Market Rally” and I would continue to treat it as such. If we lose 3870 early on it is possible to see a 50 – 70 point drop. We have CPI Data on Wednesday that will be the key catalyst this week. We can see some consolidation until then. Thursday we have Job Data followed by Retail Sales Numbers Friday. . In these types of market conditions it may be best for most traders to sit and watch or consider quick scalps. You can’t get aggressive when Index has already ran as much as it has. Be aware of this otherwise you can blow up an account if you get too aggressive on the wrong day. We should see the Market set up for a Nice move after Wednesday.
SP:SPX
by MoneyFlow_Options_Community
BTCUSD ReviewIt has been an though week for the markets in general with crypto being hit the hardest. So what does that mean for the near future for crypto? Well here is our current thoughts on Bitcoin. We have been anticipating the completion of the "C" wave for some time and it has finally reached an area that we consider to be a key level of support. This area consists of the following confluence, (Previous ATH, Long term trend line touched and finally the weekly 200 SMA) It is difficult to catch a falling knife as many would have heard before, but if crypto wants to find a bottom it could be in this range of 19k to our lower zone of 13k. For now we are keeping our eyes on these two zones. This is the time to manage your risk well and be disciplined when entering the markets, for the time being the most probable trades to look for would be to short rallies. Happy Trading, Wolf Pack Team.
COINBASE:BTCUSD
by Wolfpack_Traders
XVGUSDT - BULLISH SIGNAL UPDATE!!As you all know, XVG is not performing well from last 16 weeks and according to the Chart patterns, Decending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal. DYOR Before taking trade, as I'm not responsible for your loss. RISK FACTORS: Market/ BTC CRASH Duration: MID-Term (3 - 10 Months) Trade. Happy Trading :) Good Luck! If you like my idea, please support: Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Long
by SignalSpot
2
TFUELUSDT - BULLISH SIGNAL UPDATE!!As you all know, TFUEL is not performing well from last 16 weeks and according to the Chart patterns, Ascending TRIANGLE is formed, Breakout formation is also nearly there and also indicators giving bullish signal. DYOR Before taking trade, as I'm not responsible for your loss. RISK FACTORS: Market/ BTC CRASH Duration: MID-Term (2 - 8 Months) Trade. Happy Trading :) Good Luck! If you like my idea, please support: Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Long
by SignalSpot
7
DODOUSDT - BULLISH SIGNAL UPDATE!!As you all know, DODO is not performing well from last 11 Months and according to the Chart patterns, BULLISH Pattern is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal. DYOR Before taking trade, as I'm not responsible for your loss. RISK FACTORS: Market/ BTC CRASH Duration: MID TERM TRADE (2 - 6 Months) Happy Trading :) Good Luck! If you like my idea, please support: Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Long
by SignalSpot
Bullish NASDAQ forecast for the month of May!?!NASDAQ Market Forecast and Prediction for the rest of 2022 >>>Bullish Month in May driven by Oversold market conditions and Earnings? >>>Rejection coming at the 50/100 Daily SMA? >>>More elongated 2018/2019 correction pattern repeating? >>>Bullish Q3 & Q4 2022 ahead? Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 minor corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term bullish and assets do well in high inflation environments.
NASDAQ:NDXLong
0
by FortunaAlgoAnalytics
2