Oscillators
EURNZD to continue in the upward move?EURNZD - 24h expiry
Our short term bias remains positive.
Setbacks should be limited to yesterday's low.
We look to buy dips.
20 4hour EMA is at 1.7921.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 1.7928 (stop at 1.7878)
Our profit targets will be 1.8048 and 1.8068
Resistance: 1.7978 / 1.8061 / 1.8100
Support: 1.7925 / 1.7900 / 1.7870
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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KAS - the gift that keeps on givingI've been playing KAS for the better part of 2 years and for the life of me, I'm not sure why more people are not taking advantage of it. Over time, it has followed a nice logarithmic growth pattern (around 180 days), technical indicators show we are out of peak fear after the last impulse up, heading to peak greed. KAS continues to consolidate higher, now in the 0.18 range. I tagged-in at 0.10 and 0.11 recently so plan to sell above 0.20 cents with a stop loss around 0.16383 just to protect my current profits.
GBPNZD - Potential Perfect StormTaking a look at RSI on the 1 hour timeframe, it's obvious we are getting some bearish divergence after a strong week long rally.
This strong bullish price action was attributed to the RBNZ interest rate decesion last week where interest rates were left unchanges at 5.50%
However, later today we get the latest CPI data from New Zealand followed by UK's CPI data a few hours later. Could this be a potential perfect storm where New Zealand will show a surprise to the upside followed by a surprise to the downside with the UK?
If that happens, I would expect this ascending support trendline to break opening the doors for a reversal.
Time will tell but early clues are beginning to develop on the 1 hour timeframe with RSI.
That's it - That's all
Trade Safe.
$SPY July 16, 2024XETR:AMEX : SPY July 16, 2024
15 Minutes.
XETR:AMEX : SPY made 3 HH pattern.
So, if we take 555.83 as low, we can expect 566-567.5 levels as target for now provided it holds around 557 levels
At the moment it took support at 61.8% of the fall as support.
For the fall 564.83 to 559.62 it needs to cross 563.8 levels to resume uptrend.
So, for the day Buy above 564 to 566-567 as target and sell below 556.5.
If this level is broken, I expect a 4 to 5 $ fall.
Remember 556 is 9 MA support in daily.
EUR/USD Hesitating at 1.09The world's most widely-traded currency pair has seen a big bullish run over the last 2+ weeks, but today's price action shows some hesitation around the 4-month highs at 1.0900.
The combination of a daily doji candle (in progress) and relatively stretched RSI and MACD oscillators hints at a pullback if tomorrow's US Retail Sales report can beat expectations. To the downside, the next logical level to watch would be at the convergence of the 50- and 200-day moving averages near 1.0800.
-MW
GBP/USD Fade Potential Off Key 1.30 LevelCable has rallied in 10 of the last 12 days, taking the pair up to its highest level in nearly a full year. For this week, the key level to watch will be psychological resistance at 1.3000: If that level, which also represents the late July 2023 high, is convincingly broken, GBP/USD could make a run at its 2+ year high near 1.3150 next.
Meanwhile, given the pound’s 17-year high in net speculative long positioning and the overbought RSI, a profit-taking dip off this resistance level would be logical, especially if this week’s UK data disappoints. In that scenario, previous-resistance turned-support near 1.2900 will be the key level to watch.
-MW
BITCOIN LINE IN THE SAND BTC has lost the 1D 200 EMA for the first time this year which is a major TA trend Indicator.
On the daily timeframe we can see a clean breakthrough below on the first touch since October of last year, which initially is surprising as this level is seen as key support for keeping a bullmarket going. Now that BTC has fallen under the moving average we've seen attempts at breaking back above for the last 3 days in a row, and with FED chair Powell set to testify today and tomorrow along with CPI &PPI on Thursday and Friday respectively. It's quite a FED heavy week with can bring volatility to the market.
The ETH ETF is rumoured to begin trading next Monday (15th July) which could be the catalyst to get both BTC & ETH back above their 1D 200 EMA's. For now the general worry is that the selling pressure caused by the German Government and Mt. Gox is what is dragging price down. However, yesterday recorded a net inflow of $295m for the Bitcoin spot ETFs, the most in 21 days which suggest there are buyers looking to absorb those Bitcoins that are being offloaded.
I am still a little confused as to why the German Government have decided to market sell through an exchange instead of any OTC transactions, perhaps it's a play to shake out weak hands and make retail panic?
The FA is always complicated but I still believe that the bearish factors are more short term when compared to all the bullish more long term factors. Short term market selling vs long term supply shock caused by the halving, institutional investors and ETFs buying, US election and rate cuts.
CPI & PPI can be volatile news events for the market, I think it could be one of these events that could be a catalyst to reclaim the 1D 200 EMA, we've seen a full reset of the RSI since the rally of earlier this year. Historically these are all good long term entry criteria.
BTUCUSDT EQUIDISTANC DESCENDING CHANNELMFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH.
Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again .
Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level
Good LUck
Multiple Indicator - TRIVENI📊 Script: TRIVENI
📊 Sector: Sugar
📊 Industry: Sugar
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 71.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 426
🟢 Target 🎯🏆 - 451
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
XRP - Increase Possible after THIS LEVELXRP - it's possible that the bottom may be near, and we're going to use a technical indicator to look for the bottom.
It should be noted that I am NOT a fan of XRP BUT, I understand tat all coins are tradable despite whether or not I like them.
So let's dive into the SIGNS of the times:
Looking at the RSI below the chart, historically XRP bottoms are close when the RSI hit's the yellow line (34). It could trade lower for a few ore weeks to come, but ultimately this low RSI signals the bottom is either in or close.
It is also worth noting that the M-Pattern should be finished playing out, or close to finished:
Either way, if you MUST trade XRP, buy low and sell high. Bag holders gets burnt!
____________________________
BINANCE:XRPUSDT
Deep Dive into ENS: Full Review of the Project and ENS V2📅 Let's move on to today's analysis. Today, I want to analyze the ENS coin, which is part of the Ethereum ecosystem. With this project, you can buy a domain for your wallet.
🗂 ENS v2 Update : Recently, ENS published an article and introduced the v2 update of the project, announcing that they have added a series of new features to their platform. By collaborating with L2 projects, they aim to reduce fees, increase flexibility, utilize multi-chain capabilities, and make their service more accessible, user-friendly, and cost-effective for everyone, playing a more significant role in the web3 space.
⚙️ How the Project Works : Let's dive deeper into the project and visit its website. The first image you see on the site is a very beautiful landing page. By clicking on "Launch App," you can enter the main space of the platform.
🧩 After launching the app, you need to connect your wallet to the site and search for your desired ID in the search bar. If the domain is available, you can purchase it. If it is registered, it means someone else has already bought it before you. As you can see in the example I searched for, "parham96.eth" has already been registered, but "parham96.box" is still available and hasn't been purchased yet.
🛍 After finding your desired domain, you need to confirm the transaction sent to your wallet. Currently, the cost of this operation, considering the Ethereum network fee, is about $6 for a one-year subscription. According to the project, after the v2 update, these costs will be lower.
🎈 After purchasing, to access the details of your purchased domain, click on the "My Names" section (I prefer not to show you an image of this section due to the privacy of my wallet). You can:
👤 Add a profile picture for your wallet, write a bio, and connect your social media accounts from the profile section.
⚡️ Add another address to your domain from the record section.
🎲 Change the owner of the domain or renew it from the ownership section.
🌐 Create a subdomain for yourself just like websites from the Subname section.
⚓️ Use the permission and more sections to apply other desired settings to your purchased domain.
🌱 Usefulness of the Domain : For example, the "parham96.eth" domain is mine. In this case, I don't need to send my wallet address to someone who wants to transfer to me for each transaction. Just replacing the destination wallet address with the "parham96.eth" phrase will direct the funds to the same wallet. If you search for this domain on Etherscan, you can see it is registered on the blockchain and that the ownership of the domain is also viewable as an NFT in your wallet.
🔄 Renewing the Domain: Click on "Extend," then click "Next," followed by "Open Wallet" to create a transaction. Confirm the transaction through your wallet to renew the domain.
✨ ENS Coin : The ENS project also has a very well-known coin named ENS, which is among the top 100 coins in the market with an $800 million market cap. It is listed on all reputable exchanges, making it a successful project that can achieve even greater success with the launch of ENS V2.
🔍 Technical Analysis : In the daily timeframe, after the price reached a peak of 27.61, the market entered a range, with the price oscillating between 16.58 and 27.61. Following Bitcoin's significant drop, this coin also dropped to the 12.24 area. However, with the announcement of ENS V2 and collaboration with L2 projects, it started an upward movement and returned to the 27.61 area, even briefly breaking this level before returning below it in a fake breakout.
💥 Current Momentum : The price currently lacks momentum. After the fake breakout, there should have been a bearish momentum, but nothing has happened, and the market is still ranging.
📊 Volume Analysis : The volume clearly supports the buyers, as the buying volumes significantly exceed the selling volumes. In the recent bullish candles, the selling volume has significantly decreased.
🧲 Indicators : Due to the ranging market and lack of momentum, I am not using SMAs. However, a break below 43.36 on the RSI would confirm bearish momentum entering the market.
🛒 Long Position : The price has tested the 27.61 resistance six times so far, with increasing buying volume. Given the positive sentiment around ENS V2, it is possible that a few days before the launch, the price will stabilize above this level with a large bullish candle, leaving many behind.
🛎 Short Position : On the other hand, buyers may lose interest in breaking this resistance after six attempts, allowing sellers to enter the market and push the price down.
⚖️ Investment Strategy : If you believe ENS is a good project and that ENS V2 can generate bullish momentum in the market, consider adding this coin to your portfolio and purchasing it according to your strategy.
🎯 Target Prices: If the project succeeds and gains more hype, the initial target prices are 38.10 and 49.27, with the next target being the ATH of 75.80.
👨💻 Futures Trading :
📈 For a long position, a candle close above 27.61 in the 4-hour timeframe can confirm an upward trend. You can look for an entry trigger in the lower timeframes like 1-hour, with a target of 32.83.
📉 For a short position, a break below 23.30 and a candle close beneath this level can confirm a downward trend, with a target of 18.94.
♟ Personally, I will try to open a long position on this coin once the price stabilizes above 27.61. For short positions, I prefer to trade a coin with negative news and lacking a strong upward trend like ENS.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Akropolis (AKRO)On the above 4-day chart price action has corrected over 90% since the sell signal in February 2021 (not shown). Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout.
3) Strong positive divergence between price action and multiple oscillators. Just as was with the Highstreet idea, 10 oscillators print bullish divergence with price action. This divergence occurs over a 80 day period.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.
ROLLS-ROYCE HOLDINGS PLC*safe investment opportunity - low risk*
Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame.
A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong support during the ‘everything bubble’ resulting in the printing of a Dragonfly DOJI candle. Cleary buyers were keen to get exposure to this oversold stock.
An ‘incredible buy’ opportunity is now indicated on the 10-day chart below following an oversold condition (orange column). Price action currently finds support in the bullish half of the Bollinger Band as volume increases.
A buy from 66-100p is amazing if you can get it.
OHI/SBRA: Potential Long OpportunityOHI/SBRA is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
GBPUSD & DXY Forex Update: Key Triggers and Market Insights📅 Today, we're diving into the Forex market, specifically analyzing the GBPUSD pair. Previously, we examined this pair on the weekly time frame, and now I’ll provide an update with new entry points marked on the chart.
🔄 Weekly Time Frame Analysis
In our previous analysis, we identified 1.28019 as the first long trigger on the weekly chart. The price has since stabilized above this level and even activated the 59.01 trigger on the RSI. As mentioned before, the next target is 1.31921, and with a 230-pip distance, this level can offer a significant profit to those who entered long positions following the breakout.
🧲 Curved Trend Line
We also have a curved trend line in this area, which can inject substantial momentum into the market and push the price upwards. If this trend line breaks, we can expect a trend reversal and a potential downward move.
📊 Trend Health Check
Checking the health of the trend, we notice that each successive bullish wave has weakened while the red candles remain powerful. However, the RSI shows no signs of trend weakness or divergence, and the price has managed to create a higher high. Thus, despite the weakened upward trend, the price has managed to start a robust new trend and cover its previous weaknesses.
📈 Target and Rest Period
Upon reaching 1.31921, the price will likely take a rest before creating new market structures, allowing us to find new triggers for decisions. If this area breaks, the next target on the weekly chart is 1.36736.
📉 Bearish Scenario
If the price reverses the entire recent upward move and breaks the curved trend line, activating the 1.26262 trigger, we can expect a downward movement. The main trigger is 1.23585, with targets at 1.20909 and 1.18253.
📅 Daily Time Frame Analysis
Let's examine the daily time frame to observe price behavior in more detail. After multiple tests of the 1.28019 resistance, the price finally stabilized above it, driven significantly by the recent US CPI news which weakened the US dollar, causing pairs against the dollar to rise.
📰 US CPI Impact
The US CPI report showed a decrease in inflation, causing the DXY to drop. Lower inflation reduces investment appeal in the country, leading to a weaker currency. As the dollar weakens, pairs like GBPUSD rise.
💣 RSI and Momentum
The RSI has entered the overbought (OB) zone, indicating strong bullish momentum in the market. The price hasn't taken a break, showing only one red candle in the last 12 and forming no structures for a clear trigger.
🎈 SMA99
As previously mentioned, the SMA99 acts like a black hole, pulling prices towards it if they move too far away. Currently, the price isn't too far from the SMA99, suggesting more upward movement potential. However, if it moves too far, the SMA99's "black hole" effect could come into play.
📈 Long Position Strategy
For a long position in this time frame, we should wait for the price to form a new structure. We could also look at lower time frames like 4-hour or 1-hour charts to find suitable long triggers. In this time frame, patience is key before opening a long position.
📉 Short Position Strategy
The short position trigger remains the same as on the weekly chart. We need to wait for the curved trend line to break and activate the 1.26262 or 1.23585 triggers.
🔍 DXY Chart Analysis
The DXY chart on the daily time frame shows a large ascending triangle, with a previous false breakout and a move back up from the 100.883 support. The recent upward move failed to reach the 107.017 resistance and turned back from 106.338, a strong supply area making it difficult for the price to stabilize above this range.
🔫 Short-Term DXY View
On a smaller scale, the DXY has a ranging box between 104.039 and 106.338. The recent upward move couldn’t reach the box ceiling, and with the main ceiling at 107.017, this confirms significant upward trend weakness.
🪓 RSI Confirmation
A drop below 38.71 in the RSI confirms the entry of bearish momentum into the market. If the price breaks the ascending trend line and stabilizes below 104.039, downward momentum will drive the market.
📰 Fundamental Weakness in USD
As highlighted in the GBPUSD analysis, the USD is weakening fundamentally, adding another layer of confirmation for a potential DXY decline.
🎯 DXY Targets
The initial target for a DXY drop is 102.688, with a second target at 100.883. Upon reaching these targets, the price will likely range for an extended period, forming a new structure for either a drop or a rise.
🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Is Bitcoin dominance on the verge of collapse?For anyone interested in crypto tokens that are not Bitcoin or Ethereum, you’ll want to give this post your full attention!
The above 10 day chart is very important for anyone speculating on alt tokens. The highlights:
1) Bitcoin dominance support and RSI support have broken market structure. That’s not my opinion, it is a fact of the chart.
2) Significant bearish divergence has printed at the breakout. Look left. (little red/green shapes). The number of oscillators printing divergence is shown. The higher the number the more significant the divergence. The divergence is measured over a period of weeks.
3) Support was held for 2.5 years (930/950 days) before the break of market structure. This is exactly the same length of time during dominance support from 2017 until 2019. Coincidence?
4) Given point 1 through 3, what happened to the alt token market from the period of November 2019 until May 1st 2021? Significant gains. See chart below.
5) This is all good news for alt tokens, right? Yes and no. In the “Alt token market to 10x” idea (link below) it was written “Not all tokens will enjoy gains in this bull run”. That remains the situation, legacy tokens such as ADA, DASH, EOS, LTC, MATIC, etc.. they continue to show no signs of supporting market structure on either USD or BTC pairs . Maybe that changes in time, but for now, no.
Ww
Alt token market November 2019 until May 1st 2021