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Oversold-oscillators

EURGBP:More Selling Is Indicated Next-week. Long positions soon. An easy trend following Short of EURGBP, forget the complexities of for-example trading Gold, this one was 'in the bag' as a Short all week. Just pull up a 4 hour chart and it looks so easy! Further Short-selling I think next week of EURGBP but if you take a look at the monthly-chart below you will see where the 200EMA-Monthly has supported price previously and lots of historical buying from Order-blocks from 0.8250 to 0.8316. So a Short from current price 0.8377 should work well but I think buying accumulation from 0.8316 - 0.8250 and I think before long EURGBP which is severely oversold even on a weekly & monthly-timeframe, will get a bounce in price - but for how long? Sellers could move back-in very quickly if the EUR does not bounce back with strength - Sellers would next time Short the EUR through and south of the monthly 200EMA.
Long
by Easy_Explosive_Trading
The 4HR USDX W-Bottom Rocketing USD - Today! I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader. A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week. I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below! The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes. I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout. I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels. Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye. Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.
EIGHTCAP:USDX
by Easy_Explosive_Trading
2
USDX Analysis going into next week's Trading. See Weekly-Chart! Buy AAAPL, Buy Googl, Buy QCOM, Buy McDonalds Fast Food. I honestly have not checked their charts. But they are some of the stocks that must be starting to turnaround in their share prices following the recent sell-off, these companies I would say with their global franchises & operations would be benefiting from a weakening US-Dollar. You can see in the Weekly chart where USDX is coming down into an area of Support on the Weekly chart & my feeling is that it will start to turnaround this coming week as its very oversold. But of-course if I may hedge my bets a bit, the path of least-resistance is down as it's well under important moving averages, but a reversal is imminent is my feeling. * Trading/Investing in precious metals, currency's, commodities & stocks is risky. Please don't rely solely on my financial advice.
EIGHTCAP:USDXLong
by Easy_Explosive_Trading
2
Why I am getting very Cautious trading Long - Gold / Precious M USDX has really fallen off a cliff this week & this lowering of the USD has been supportive of Gold & all at a time when Gold has been bided up a bit too much & making the Gold price overbought on the Stochastic's higher-time-frames. With USDX and the Gold-price having an inverse relationship, my chart shows just how much the USD has been oversold this week on the important 4HR, Daily & Weekly Stochastics. A strong cross-up on the 20 level could signal a rally in USDX soon, I tip it will rally next week if not before finding strength during late Thursday and Friday trading. There is a tonne of economic news coming out today Thursday morning, will it be a mixed bag and what impact will have on the Gold price and USDX... We will know later.
EIGHTCAP:USDX
by Easy_Explosive_Trading
EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action has some support trend-line holding it - Horizontal trendline looks like a demand zone across the years - Horizontal trendline (Red) is at the 1% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in. - Risk is further war escalation from the Israel-Iran tension Suggested Trade: Entry @ Area of Interest 1.0620 - 1.0650 SL @ 1.0589 TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.0758 Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
Roku Test with Destiny A 2 year Support trendline A Buy?Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for atleast 3 touch points. Owing to the idea that our recent touch point is a solid area to take positions. Has a decent probability of a bounce. On top of that we have the Blue horizontal trendline, which acts as an added layer of Support. Incase the black trendline does not hold, this would be next lvl. Stop loss/limit should be placed below trendlines based on risk tolerance. Small positions can have a larger % loss, vise versa. Now to Support my theory of this buying a solid area to take positions. I have 3 indicators. RSI which is in Oversold conditions after 3+ months. On top of that the momentum indicators MACD and STOCH. Are also oversold. MACD is signaling a waning bearish momentum. As seen by the light red histobar prints. We are looking for and eventually should see Green bars and a bullish cross. Which can bring in necessary demand we need for bounce. Also STOCH RSI is below the 20 lvl, but crossing Bullish as we speak. This must continue and a bullish cross ABOVE 20 lvl, will also bring in demand and help with bounce. If we see bullish changes in the momentum indicaotrs, i believe there would be a even higher probability of prices bouncing. So pay attention, be diligent and manage risk accordingly. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ROKU in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:ROKULong
by SafofAllTrades
5
PYPL falls into deep oversold zone LONGPYPL on the 30-minute chart over the past week fell 10 %, Based on the anchored VWAP bands as well as the volume profile it is in deep oversold territory potentially as a reaction to the stablecoin plan. Volumes are relatively hig while the ZL MACD has had a line cross under a flipping histogram. I see this as an excellent long swing trade setup targeting the mean VWAP or the POC line as the first target for 50% of the trade and 25% each targeting the upper VWAP lines. I will take a combination of a number of stocks and a put option 2-3 months out for some trade risk insurance.
NASDAQ:PYPLLong
by AwesomeAvani
AUD/USD 1H Technical.Recently there was a bearish CHoCH made on the 1H time-frame for AUD/USD. We might see double sided trade opportunities potentially. Reason for potential long entry; We see that the price recently was consolidating the past days, we might see a jump from the Order block that the price is right now and filling the FVG recently made, retest the S/R area and continuing the consolidation trend by moving up. Reason for potential short entry. The price broke the recent Support level at 0.66550, me might see the continuation of the bearish trend because it was recently discovered a "Change of Character" . It might potentially move lower after retesting the 0.66550 Resistance level (previous support). By any means, moving the price below the Anchored VWAP line and strengthening of the US Dollar, we might be looking for shorts. REMINDER; Always make your own analysis and before taking any kind of trades, make sure you have a solid confirmation about the move that your willing to take. FUNDAMENTAL REMINDER; Watch out for the interest rate decision on 22/03/2023. It will have a really important impact on the US Dollar. Looking forward for your comments on this idea.
by RumbaCash
Illinois Tool Works To Buck Trend and Move Up?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 8, 2021 with a closing price of 221.85. If this instance is successful, that means the stock should rise to at least 223.5 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.612% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 3.67% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 5.9855% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 11.5 trading bars; half occur within 24.0 trading bars, and one-quarter require at least 33.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). The bonus analysis is explained...
NYSE:ITWLong
by StockSignaler
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
2
OMG- Semi-bullish zoneI expect near-term consolidation as there are some short-term resistance lvls that need to be cleared. Looking for momentum and volatility to pick up soon. Steady uptrend and the cluster of technical supports below current price lvl indicate that OMG is one breakout away from turning fully bullish. If BTC retraces again, it will be a perfect opportunity to accumulate some OMGS. Scale in slowly if you intend to market buy. Just my two cents. Not investment advice.
KRAKEN:OMGUSDLong
by Libratus
1