Range
GBPNZD 63 day trendSince April 13th, we have seen the GBPNZD trade between a range of 1.920 and 1.960.
Quarterly trends:
It's been 504- days (8 quarters) since the price has moved above this price briefly, creating a wick on larger time frames. There have been 13 instances in the past 53 days where the stock price has been at or above the 252-day average price (4 quarters), which represents a 0.245% portion of time. It is evident from the 189- days (3 quarters) that the price is stagnant and there is a possibility of a one-day reversal.
Vix Fix:
Vix fix suggests that price contraction into smaller volatility channels is continuing. This could be interpreted as bullish for the GBPNZD, even though the 2022 season looks bearish overall. What this means for traders is that we should look for opportunities to sell at high points, and be alert for sharp reversals around 1.920. The 63-day EMA on the VIX Fix indicates that the sell-offs are becoming less severe as we move into the second quarter of the year. This can be seen as a result of the weak uptrend we have been observing.
The next 63 days
The 63-day outlook shows a low of 1.903 and a high of 1.980. I am looking for a break of the April 13th range and ultimately a short trade. However, this will not be confirmed until the price breaks and confirms below 1.903.
CAD JPY long There is an increase in the momentum of buyers and a decrease in the momentum of sellers
and buyers appeared and the price is now moving in a range
Logically, the buyers outperform and the price rises to break the top, and maybe to the 127 Fibonacci level
bearish trend on usoilwe are see a break of a strong range after 78 day and also the price break a strong support so we can see usoil on a new level at 94 dollar
stay safe...
Falling Wedge Double BottomThere is a Falling Wedge Visible on the Daily and Weekly and on the Daily Timeframe we have a Double Bottom With Bullish Divergence present at the Demand Line of this Wedge as seen here:
I will mainly target around 0.9 cents which is the top of the range we have formed on the weekly but overall this has potential to go beyond the main target and hit 1.7 cents if it breaks the range.
Bitcoin long from buying tail`I am now waiting for the order flow to confirm that there is a possible long here and then i will place a position.
Make sure you check the order flow before you get in a position here
BTCUSDSometimes it's not a Gartley. Sometimes the price is within a range. Support and resistance is all there is. Finding the bottom and top is the key to the, "Buy low, sell low". Hyperfocus, stay focused.
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain.
Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
Destination Sideways? No problemo ✌️😃😸🤟CPI was out so finally we had some volatility but as explained before, destination is SIDEWAYS...
Take a look at the last time, went sideways for weeks/months. Ina similar manner we expect sideways for days/weeks now again:
Summer is almost here, time to enjoy life a bit more and get the right tools to make the best out of these conditions.
When the market is in the range, like it is now, one need to be aware and able to adopt.
Enjoy life and remember:
ONE LOVE,
The FXPROFESSOR
EURUSD before ECBToday, the interest rate decision from ECB is coming out. It doesn't always causes big moves but in case of any changes in the politics, it could.
Right now, it looks like the upside move can not continue and we prefer not to trade it.
First, we need to see clear direction and then we can eventually look for entries.
That means, we want to see a nice breakout of resistance, so we can buy or rejection followed by drop, so we can sell.
Triangle vs RangeJust looking at the current BTCSDT pair and in mind, thinking about price "breakout" traders. Fine line between a trading range and a triangle. Take care.
XAUUSD LONG There is a decrease in the sellers' momentum and the buyers control the price now in a range. If we get a clear break of the range, we can buy
$BTC - Weekly Volatility flattening It looks like the volatility lines are flattening - To me there is a very good probability that we will come retest the $35k area sooner or later. If we don't go past this resistance level, thing will get bloody.
GBPUSD ShortOANDA:GBPUSD
GBPUSD testing a resistance level and forming a bearish engulfing candle for a bearish setup
