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Oscillators

The current conditions entail significant risk for placing orderStrategy: Neutral Risk for placing orders: Significant High Summary Long-term and short-term trends: Prices are moving near the lower band of the trend channels, indicating a possible reversal towards the main trend. Fibonacci Retracement: Critical support levels. The currency pair may move downward to the level of 1.34322 without changing the main trend. Fibonacci Expansion: Resistance levels that determine the upward movement at points 1.3763, 1.3860, and 1.4000. Technical Indicators: The use of moving averages and the MACD shows a high risk for trades. The technical indicators do not align with the main trend, emphasizing caution in decision-making. Trend Determination The prevailing main trend on the exchange rate price chart is upward. The secondary short-term trend currently on the exchange rate price chart is downward. Within the main upward trend channel, exchange rate prices are moving downward within the lower band. In the secondary downward trend channel, exchange rate prices are moving downward within the lower band. The movement of the price near the lower band of the secondary trend channel could indicate an imminent reversal of the short-term trend towards the main trend direction. The lower band of the trend channel is considered a support level. However, this scenario requires further investigation and is currently a mere hypothesis. The price movement within the created channels carries medium risk for placing trades. Support-Resistance Levels – Fibonacci Fibonacci Retracement: Using the Fibonacci Retracement tool will help identify critical support levels and points within which there is increased risk for placing trades. The Fibonacci Retracement tool will be applied to the upward course of the exchange rate. This way, the levels to which the exchange rate can move downward without being considered a trend reversal can be determined. Specifically, according to the current conditions in the exchange rate, this point is around 1.34322. The possibility of breaking this support point and continuing the price movement below 1.34322 requires great caution as it could signal a trend reversal and significant losses. From the study of the Fibonacci sequence in this currency pair, two important levels emerge, which are necessary to mention. Placing trades at any point within these two levels carries increased risk due to the accumulation of pressure. This range is defined by the levels of 1.34322 and 1.35831. The risk decreases above the 1.36764 limit for the possibility of placing a buy order. Fibonacci Expansion: The purpose of using the Fibonacci Expansion tool is to identify resistance levels. Consequently, these levels can be used to estimate the range of the possible upward movement. The current movement of the exchange rate is considered significant and quite clear. This significantly helps in applying the Fibonacci Expansion tool and identifying the resistance levels for this upward movement. The resistance levels that appear to exist and their distance from the current price, which is considered noteworthy, are as follows: 1.3763 – 133 pips 1.3860 – 230 pips 1.4000 – 370 pips The application of a second Fibonacci Expansion was deemed necessary, initially because the movement was quite strong and secondly, the identification of intermediate levels will better define the price movement range. Technical Indicator Analysis To smooth prices, determine trend dynamics, and strength, a system of three moving averages will be used. To evaluate trend momentum and identify divergences which may indicate trend reversal, the MACD will be used. Moving Averages: The exchange rate prices are currently below the moving averages. The distance of the current price from the moving averages is not significant. Visualizing the results of the moving averages shows that the price trend, at the present time, does not evolve according to the main trend. MACD: The MACD is moving negatively in a downward trajectory, and its momentum is not satisfactory. Visualizing the MACD results does not show divergences between the MACD trajectory and the price trend. The existence of divergences could mean a potential reversal of the current price trend. The MACD results show that the price trend, at the present time, does not evolve in conjunction with the main trend. The moving averages and MACD indicate that the possibility of placing a trade, at the current moment according to market conditions, carries high risk. This is concluded from the fact that the technical indicators, on the one hand, do not provide results that are in harmony with the prevailing price trend. On the other hand, they do not adequately describe the current market conditions.
by Forex_Analytica
Has EUR/USD Bottomed-Out???Here I have EUR/USD on the 4Hr Chart! Now we see Price on EU has made a sort of "Rounded Bottom" making its official LOW @ 1.06660 Now with Price struggling with the Resistance Zone @ ( 1.08441 - 1.08266 ) it is beginning to form what looks to be a Potential CUP & HANDLE PATTERN!! This pattern after the completion of the "Bowl" is typically followed by the formation of the "Handle". This will be considered a HIGHER LOW which should be followed by Bullish momentum to the Top of the Cup (Resistance Zone) again, then to BREAK and possibly continue HIGHER!! -The RSI is showing that price is Over-Bought which tells me we could see price needing to make a decline! -Strengthening the Bullish Bias on this idea is also backed by the fact price is now trading ABOVE the 200 EMA! *Before we can confirm this is a Cup & Handle Pattern, we must see Price make a retracement from this High to the ( 1.07751 - 1.07647 ) Range for potential BUY positions! **If Price decides to Break Below our Fib Entry Zone, The potential Cup and Handle Pattern will be INVALIDATED!!
Long
by Novi_Fibonacci
GBP/USD stages bullish break, March peak in sight?In the absence of an unexpected reacceleration in US inflationary pressures or unlikely hawkish pivot from Jerome Powell when he appears before lawmakers on Capitol Hill on Tuesday, whether the US dollar can reverse the bearish move seen last week is questionable. With Fed rate cut expectations growing as US data continues to soften, the path of least resistance looks lower in the near-term for the DXY. Having broken above 1.2800 and closed there Friday, and successfully back tested the level again in early Asian trade today following the French election results, GBP/USD is one pair that may be able to capitalise on the buck’s bearish reversal in the days ahead. Buying near these levels targeting the May high of 1.2894 is one potential setup, allowing for a stop loss order to be placed at 1.2790 for protection. You’re risking around 17 pips to make 87 pips. Resistance may be encountered around 1.2860, the high struck in June. Should GBP/USD fail to clear that level, consider taking profits on the trade. While GBP/USD has not had a great track record above 1.2800, this bullish break comes with the USD on the backfoot and follows a successful break of downtrend resistance that thwarted other bullish moves earlier in the year. With it out of the way and momentum indicators like MACD and RSI providing bullish signals, upside looks easier than downside in the near-term. DS
Long
by FOREXcom
Shiba Inu SHIBA lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021. The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible. Is it probable? No. Why do I say that? Let’s look left. Back 2021 there were certain conditions that printed specially on the 2-day chart. Those conditions were: 1) The BTC pair of the token 2) A strong buy signal 3) Strong bullish divergence. Huge. 4) Stochastic RSI was 50+ at the time of the above conditions. Do all those conditions exist today? No. Do those conditions exist on other tokens today? Yes. Yes indeed. As a matter of fact there are 16 tokens currently listed on Binance printing those exact conditions. Two of them have already ‘popped’, GALA and SOL. What are the other 14? Get this post to 500 likes and I’ll share them below! Ww Remember: Type: trade Risk: <=6% of portfolio per position. Timeframe: don’t know Return: don't know
by without_worries
50
Centrica - bullish divergence*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of the Bollinger band as the mouth is constricting, which suggests a big move is coming. On the fundamentals Centrica engages in the provision of energy and supply services. There is no end of ‘bad news’ stories on the business. Pay no attention. The only news you need is the headlines in the charts, and they look amazing. A buy above 42 is good. 1st target 115 2-month chart - broken RSI resistance following oversold condition: 3-month chart - bullish morning star + confirmation
LSE:CNALong
by without_worries
20
ETH Poised for Post-ETF Approval Pullback: Short to 3.2k ZoneEthereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity. Technical Analysis: Visible Range Volume Profile (VRVP): The VRVP indicates a significant volume zone at $3k, suggesting strong support at this level. Average Directional Index (ADX): The ADX, a momentum indicator, is losing strength, signaling a weakening trend. Proposed Short Trade: Entry Price: 3.8k zone USDT Take Profit: 3k zone USDT Stop Loss: 4.110 USDT Rationale: The post-ETF approval euphoria is likely to fade, leading to a price correction. The $2.9k to $3.2k zone represents a strong support area, as evidenced by the VRVP. The weakening ADX suggests a loss of momentum in the uptrend. Risk-to-Reward Ratio: The potential risk-to-reward ratio for this trade is approximately 3:1, implying a potential 3% profit for every 1% risk.
Short
by alorse
USD/JPY bullish reversal underway on the 4H timeframe?USD/JPY has printed a bullish reversal pattern on the 4H timeframe, bouncing off uptrend support in the process. And with horrible Japanese household spending data showing spending slumped 1.8% in the year to May against expectations for an increase of 0.1%, the likelihood of the BOJ delivering further near-term monetary policy tightening looks to be dimming fast. Unless we see weak payrolls report later today, which has not been the case over much of the past year with it beating expectations on eight of 12 occasions, the path of least resistance for USD/JPY remains higher. Buying here with a stop below the uptrend is an option targeting 1.61745 or the multi-decade peak of 161.952 set earlier in the week. Prior to the current candle, USD/JPY printed a morning star pattern that’s often seen at bullish turning points. RSI has also broken its downtrend, hinting at a potential shift in price momentum to the upside. DS
Long
by FOREXcom
FX Index Curve Oscillator (FICO)By constructing an index like TVC:DXY for each of the 8 major currencies, we can determine which currencies may be showing relative strength or weakness. This indicator was designed for trading FX on the daily charts. Other timeframes should work with the right settings, but it will not work for other asset types . AUD - Yellow CAD - Red CHF - Orange EUR - Purple GBP - Green JPY - White NZD - Lime green USD - Blue The US Dollar Index is constructed by taking a weighted average of a basket of currencies against the USD in order to gauge it's relative strength. We can actually construct a similar chart by simply taking the product of several currencies against the USD; it won't have the same values of course, but the chart's general shape (peaks and valleys) are approximately the same. This technique can be applied to other currencies, which is the premise of this indicator. The default settings seem to work "okay" for the daily chart. The lookback and oscillator are probably the biggest variables to change if you move to different timeframes. Some ideas on how to use this indicator: Using crossovers for a particular currency pair: Using color changes for a currency pair (one bright, one dark): Waiting for values to cross +/- 1.000 and change color: As above, but using all the currency indexes, and finding opposing pairs to trade:
Pine Script™ indicator
by KyleBaran
GBP/USD : Key Levels and Trading Strategies for Upcoming Moves📅 Let's get into today's analysis. I've decided to focus more on Forex analyses, and today we're analyzing the GBP/USD pair with the main timeframe being weekly. I'll be looking at the chart solely from a technical analysis perspective. 🔍 In the weekly timeframe, as you can see, after breaking the 1.31915 resistance level, bullish momentum entered the market, and we managed to move up to the 1.42385 resistance level. After this sharp upward movement, the market entered a correction phase and corrected down to 1.20670. Currently, the price is ranging between the 0.382 Fibonacci level and the 1.31915 resistance. I believe that until the SMA99 reaches the price, new bullish momentum could enter the market, and you can confirm this momentum by a break above 1.31915. If the candle closes below the 0.382 Fibonacci level, we might move down to the Golden Zone of Fibonacci, which lies between 0.5 and 0.618. 🧩 There is also a minor trend line that the price has reacted to three times so far, which could be a key determinant for future price movements. 🧲 Regarding the SMA99, it has the property of creating significant distances when the market is trending. However, it eventually acts like a black hole, pulling the price towards it. This is happening after the rejection at 1.42385, and I believe the price will range until it meets the SMA99. Additionally, this SMA acts as a support and resistance level, potentially supporting the price once it reaches it and pushing the price upward. 📈 For a long position on the weekly timeframe, it seems appropriate to wait for a break of the trend line and a confirmation above the 1.31915 area. The target for this move, based on Fibonacci extension, could be 1.42385. However, this target is quite high, and if the price aims to reach it, it will likely be a long-term move. 📉 For a short position, breaking below 1.20670 serves as a good trigger. If the price stabilizes below this level, it might move down to the area between 0.5 and 0.618 Fibonacci levels. This position is quite risky as the High Wave Cycle for GBP/USD is bullish, and this move in the Low Wave Cycle could be filled with noise. 📈 For shorter-term positions, it's better to look at the 4-hour timeframe. In this timeframe, we have a long-term range box and a significant support area at the 0.382 Fibonacci level on the weekly chart. There’s no need to extend the analysis here; I’ll just discuss the entry triggers. 📈 For long positions, we have three different triggers. The first trigger is at 1.2776, which is the riskiest one with a target of 1.31915. The next trigger is at 1.31915 with a target of 1.42385. The final trigger is at 1.42385. 📉 For short positions, there's a very risky position with a trigger at 1.2615, and the second trigger is the break of the support area. ♟ Now, let me explain how I personally trade with each trigger. For the long trigger at 1.2776, I open positions in lower timeframes such as the 1-hour chart and set a small stop loss to quickly reach a risk-reward ratio of 2, which is my first target, with minimal risk. For the 1.31915 trigger, I open a position with normal risk and a regular stop loss size. For the 1.42385 trigger, I open a position with a larger stop loss because the trigger is at an all-time high (ATH) and represents a very strong supply zone. For short positions, I do not open any until the price stabilizes below the support area. 📝 In summary, GBP/USD is currently in a ranging phase between the 0.382 Fibonacci level and the 1.31915 resistance level. Depending on the break above 1.31915 or below 1.20670, there are opportunities for long or short positions, respectively. For those trading in shorter timeframes, key entry triggers and careful risk management are essential to navigate the market effectively. 🧠💼 Always remember the inherent risks in Forex 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 pair you'd like me to analyze next.
by itsparham96
5
Why I Think GBPUSD Will Continue to Buy This WeekHey Rich Friends, I know its NFP Week, but we can still make smart trades by sticking to our plans. Be mindful, but do not trade with fear. I think that GU will continue to buy this week and here is why: - The market has already rejected the previous demand zone. - The 3 EMA (blue) has crossed above the 10 EMA (purple). This is a strong bullish confirmation for me - The stochastic is facing up, the fast line (blue) is above the slow line (orange) and both lines are above 50. This is a strong bullish confirmation for me. - I will set my TPs at previous highs and my SL at a previous low Good luck if you decide to take this trade. Remember to check the news and cross-reference the indicators that you have on your chart. Peace and Profits, Cha
Long
by MoneyMantraCha
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage). 1) Bollinger Bands 2) Logarithmic View 3) Super Trend 4) Moving Averages + RSI Let me know how YOU determine the macro trend! _________________________ BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Education
by CryptoCheck-
4
Monthly Chart v. Weekly Chart May Indicate TroubleSince every dollar of price action is raising concern in either direction, let’s take an in-depth look at what’s happening with the price of Bitcoin. On the weekly chart (left), we can see the RSI is just starting to pivot and we can see the Stochastic RSI will have a cross in the coming weeks, usually indicating an uptrend. Price action has been within the same range for about three months, building healthy market structure. Then we get to the monthly chart. The monthly chart (right) is showing slowed momentum. We can see in the Stochastic RSI that the orange line is on top of the blue line – usually a bearish indication. This has me a bit concerned and considering how we’ve had ranged price action and are dropping from an RSI of around 80, it may be a warning sign of what's to come. Take a look at the green arrows on the monthly chart. Every time the purple line crosses above the yellow line, we see a price rally. Now look at the red arrows. When we see the purple line cross below the yellow line, price falls. The first red arrow you see, that was about a 70% drop. The second red arrow you see was about a 52% drop from the next pivot in momentum and a total of a 73% drop once RSI bottomed. This is when you want to have your strategy in place for if the weekly chart champions the monthly chart or if we do in fact have that RSI monthly purple line cross below the yellow and we go lower. Be ready for whatever the case may be! I'm thinking it's probable we may see a 50% drop before seeing all-time highs and the rally we've all been waiting for.
BITSTAMP:BTCUSD
by MicheLee
1
DOT's next move.CRYPTOCAP:DOT I see a bullish divergence on the daily chart at an important support level, and people are freaking out about how they spend money :) Sorry, but I trust what I see on the charts. The only invalidation point is $4.50. If you are still here, here are more of my thoughts... So what if #DOT paid big influencers to promote their project? Every project does that; it's their marketing strategy. It's good that they are investing in marketing because, in the crypto world, the cycle moves really fast, and to keep up, you need to spend on marketing. Many projects, including some of your favorites right now, have paid influencers. It's like the death toll shown on your screen daily during the COVID-19 pandemic, which made you worry every day. But in reality, the death toll was almost the same before COVID-19; it was just shown to you daily. You never know how much #ADA paid influencers. Disliking the idea of paying for and buying inorganic distribution is misguided.
Long
by GoldenTrades_
Dusk Network - 200% waiting to be collectedOn the above 4-day chart price action has corrected 70% since the year began. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. All but one oscillator continues to print positive divergence with price action. 3) Look left. Price action confirms support on past resistance. 4) Bull flag breakout. Flagpole measures 200% from breakout. 5) GRM support confirmed. Is it possible price action corrects further? Sure. Is it probable? No and no. Ww Type: trade Risk: <=6% Timeframe for long: Now Return: 200%
Long
by without_worries
3
TeslaPrice has taken support at 195 - 197 and broken the trend line. Sustaining the current level will make the price to move up. Patterns I am seeing in this chart are triple bottom support, RSI divergence, trend lone break out. Buy above 198 with the stop loss of 196 for the targets 200, 203 and 206. Sell below 194 with the stop loss of 196 for the targets 192, 189 and 186. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:TSLA
by vanathi
2