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GBPAUD - Now We Wait!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPAUD has been bearish trading within the falling channel. Currently, GBPAUD is approaching the lower bound of the channel. Moreover, the zone marked in green is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support. 📚 As per my trading style: As #GBPAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders, ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100. What's next? Scenarios: 1️⃣ Bullish - Continuation The bulls maintain control as long as ETH is trading within the rising channel marked in red. In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected. 2️⃣ Bearish - Correction If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
11
BTC - Bullish this Weekend⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 BTC has been overall bearish short-term trading within the falling channel in red. 🏹 For the bulls to regain control, a break above the last major high in red is needed. Meanwhile, BTC can still trade lower to test the $59,000 - $60,000 demand zone before trading higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
ETH/USDT 1HInterval Chart ReviewHello everyone, let's look at the 1H ETH to USDT chart, as we can see the price is approaching an attempt to break out of the triangle marked in yellow. Let's start by setting goals for the near future that we can include: T1 = $3,452 T2 = $3,576 T3 = $3,665 AND T4 = $3777 Now let's move on to the stop loss in case of further market declines: SL1 = $3,307 SL2 = $3227 SL3 = $3097 AND SL3 = $3097 Looking at the RSI indicator, we can see that it remains in an upward trend, while when we look at the STOCH indicator, it looks like a return to price correction is possible.
by cryptodailyuk
1
TSLA in -12.68% downward trend, declining for three consecutive Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where TSLA declined for three days, in 206 of 266 cases, the price declined further within the following month. The odds of a continued downward trend are 77%. PYTH:TSLA Technical Analysis (Indicators) Bearish Trend Analysis The Momentum Indicator moved below the 0 level on December 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In 55 of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 76%. The Moving Average Convergence Divergence Histogram (MACD) for TSLA turned negative on December 29, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 32 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 74%. TSLA moved below its 50-day moving average on January 09, 2024 date and that indicates a change from an upward trend to a downward trend. The 10-day moving average for TSLA crossed bearishly below the 50-day moving average on January 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 77%. The Aroon Indicator for TSLA entered a downward trend on January 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. Bullish Trend Analysis The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected. The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 18 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected. Following a +4.57% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 292 of 349 cases, the price rose further within the following month. The odds of a continued upward trend are 84%. TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
TShort
by Serhii_Bond
BTC short-term is going to drop from $42700 to $40k.We are in a bull market and through Dec 2023 clear a, b, c correction is being made. Wave a and b are clearly done. Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5. The drop won't stop until price reaches $40k level. It's a good trade with a very high likelihood of success and amazing risk to reward. $42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.
BITMEX:XBTShort
by rafbie
1
Preparing For The RBNZ Interest Rate DecisionWith the upcoming interest rate announcement from the RBNZ, NZDUSD traders remain steady and not making any crazy moves yet. The expectation is for the decision to be without any fireworks and to come out neither with a hike, nor a cut. The rate is forecasted to remain at +5.50%. If so, we might not experience huge moves in NZD during the release, unless the press conference, which will follow an hour after, has something in it that could spook or excite NZD traders. The technical picture shows that NZDUSD continues to grind higher, while running above a couple of tentative trendlines, where the shortest one is drawn from the low of November 17th. At the time of writing, the pair remains below a key resistance are, which is roughly between the 0.6086 and 0.6092 levels. The latter one is the current highest point of November. In order to shift our attention to some higher zones, a break of that resistance areas is required. Until then, we will stay cautiously bullish. If that break happens, this will confirm a forthcoming higher high, possibly setting the stage for further advances. We will then aim for the 0.6121 hurdle, or even the 0.6132 level, marked by the high of August 4th. Alternatively, a break of the aforementioned short-term upside line and a drop below the 0.6061 zone, marked by the current lowest point of today, may spark temporary interest in the eyes of the bears. NZDUSD could then drift to the 0.6035 obstacle, a break of which might open the way towards the psychological 0.6000 zone. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
MATIC.USD (SHORT-TERM)Hello friends. How are you today? It's the second analysis that I publish today. Many users asked me to talk about Matic for Short-Term So I decided to talk about that briefly. I use Gann Fan and Ichimoko and the time frame is Weekly. According to the data, the price still respects the Gann Fan's line. It looks nice. Also, I use ichimoko too. Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3) Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone. But in the long-term, I expect more dropping, minimum to second support zone. So, we have to be patient and see what will happen… Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. Have a good day Ho3ein.mnD
MShort
by Sticky-Stock
🧠Short-Term EURUSD Sentiment🔥 According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc. German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing. Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed. In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions. Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis. Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts: - The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels. - Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs. - Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk. - Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2. - Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower. - Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.
Short
by artotrading
EURCAD Sell Short Term In this trading analysis, we will provide insights into the prevailing short-term bearish bias for the EUR/CAD currency pair. We will focus on the fundamental factors that contribute to the Canadian Dollar (CAD) strength and the support from rising oil prices. Additionally, considering that an open sell position on this pair is already established, we will assess the potential for further downside movement. Technical Analysis Update: a) Continuation of Downtrend: The EUR/CAD pair has been in a downtrend, forming lower highs and lower lows on the price chart. As the sell position has already been initiated, the technical analysis indicates that the downtrend is likely to continue, given the established bearish momentum. b) Moving Averages: The 50-day and 100-day moving averages are sloping downward, reinforcing the bearish bias. Additionally, the current price remains below these moving averages, which suggests a continuation of the downtrend. c) Resistance Turned Support: Previously established resistance levels may now act as support zones for the EUR/CAD pair. Traders should closely monitor these levels as potential areas for price reversals or profit-taking points. Fundamental Analysis Update: a) Canadian Dollar (CAD) Strength: Strong Economic Indicators: The Canadian economy has shown resilience, with positive economic data such as robust GDP growth, strong employment figures, and a rebound in manufacturing and export sectors. These indicators have boosted confidence in the CAD and attracted investors seeking higher returns. Hawkish Monetary Policy: The Bank of Canada (BoC) has taken a more hawkish stance, signaling potential interest rate hikes to combat surging inflation. Such a policy outlook tends to bolster the CAD's attractiveness to investors. b) Rising Oil Prices: Positive Impact on Canadian Economy: Canada is a major oil exporter, and rising crude oil prices have a significant positive impact on the country's economy. The surge in oil prices can lead to increased export revenue, strengthen the Canadian trade balance, and support the CAD's value. Correlation with CAD Strength: Historically, there has been a positive correlation between oil prices and the Canadian Dollar. As oil prices rise, the CAD tends to appreciate due to Canada's strong economic ties to the energy sector. Conclusion: In conclusion, the trading analysis supports the continuation of the short-term bearish bias for the EUR/CAD currency pair. The technical indicators signal a continuation of the established downtrend, and the fundamental factors, including CAD strength driven by strong economic indicators and hawkish monetary policy, as well as the support from rising oil prices, reinforce the negative outlook for the EUR/CAD. Given the open sell position on the pair, traders should continue to monitor the technical and fundamental developments closely. Adjustments to stop-loss levels and profit-taking points can be considered to manage risk effectively. As always, prudent risk management strategies are crucial in forex trading to mitigate potential losses and maximize gains.
Short
by creamygem
GBPJPY sell short Term GBP/JPY is currently displaying signs of a bearish movement in the short-term. Several technical indicators and fundamental factors suggest that the currency pair may experience a downward trend in the coming days. Traders should exercise caution and consider bearish strategies when positioning in GBP/JPY. Technical Analysis: Bearish Downtrend: The GBP/JPY pair has been forming lower highs and lower lows on the daily chart, indicating a potential bearish trend in the short term. Moving Averages: The 50-day moving average has crossed below the 200-day moving average, forming a bearish signal known as a "death cross." This crossover indicates a possible shift towards bearish sentiment. RSI (Relative Strength Index): The RSI is currently hovering below the 50 level, reflecting weakening bullish momentum and increasing bearish pressure on the pair. MACD (Moving Average Convergence Divergence): The MACD histogram is showing negative values and a declining trend, supporting the bearish view. Fundamental Analysis: Economic Indicators: The recent economic data from the United Kingdom, such as lower-than-expected GDP growth and rising unemployment, have put downward pressure on the British Pound (GBP). Risk Aversion: The Japanese Yen (JPY) has historically been sought as a safe-haven currency during times of market uncertainty. With global geopolitical tensions and economic uncertainties, investors might shift towards the JPY as a safe-haven asset, causing depreciation in GBP/JPY. Interest Rate Divergence: The Bank of England (BoE) has expressed concerns about inflationary pressures and may take a more hawkish stance, which could lead to a widening interest rate differential between the UK and Japan. A wider interest rate gap could lead to a stronger JPY and a weaker GBP. Conclusion: Based on the technical and fundamental analysis, GBP/JPY appears to be favoring a bearish movement in the short term. Traders are advised to consider bearish strategies, such as short positions, while exercising proper risk management techniques. However, as with all trading decisions, it's crucial to stay updated on market developments and be prepared to adjust your strategy if conditions change. Always perform thorough research and analysis before making any trading decisions.
Short
by creamygem
GBPUSD Sell Short term In this trading analysis, we will examine the GBP/USD currency pair and provide insights into the prevailing downtrend bias. Our analysis will encompass technical and fundamental factors to support our view that the British Pound (GBP) is likely to continue depreciating against the US Dollar (USD) in the near term. Technical Analysis: a) Downtrend Pattern: Upon reviewing the historical price action, it is evident that GBP/USD has been forming lower highs and lower lows, indicating a clear downtrend pattern. This pattern suggests that sellers have been in control, pushing the currency pair lower over time. b) Moving Averages: The 50-day and 200-day moving averages for GBP/USD are sloping downward, confirming the presence of a downtrend. Additionally, the current price is below both these moving averages, reinforcing the bearish bias. c) Relative Strength Index (RSI): The RSI, a momentum oscillator, measures the speed and change of price movements. A reading below 50 on the RSI indicates bearish momentum. In the context of the GBP/USD pair, the RSI has consistently remained below 50, further supporting the downtrend bias. d) Fibonacci Retracement: When applying Fibonacci retracement levels from recent highs to lows, we notice that GBP/USD has failed to breach key resistance levels, further validating the downtrend. Fundamental Analysis: a) Economic Indicators: The UK economy has been facing several challenges, including uncertainties surrounding Brexit, slowing economic growth, and geopolitical concerns. On the other hand, the US economy has exhibited more resilience with robust employment figures, improved consumer spending, and a relatively hawkish monetary policy stance by the Federal Reserve. These fundamental factors favor the strength of the USD against the GBP. b) Interest Rate Divergence: Interest rate differentials play a significant role in currency movements. The Bank of England (BoE) has been cautious in raising interest rates due to the uncertain economic conditions, while the Federal Reserve has been on a path of gradual rate increases. This interest rate divergence supports the USD's strength against the GBP. c) Risk Aversion: In times of uncertainty and risk aversion, the USD tends to attract safe-haven flows, which could exacerbate the downtrend in GBP/USD. Geopolitical tensions, economic challenges, or global market volatility may trigger such risk-off sentiment, putting additional downward pressure on the British Pound. Conclusion: Based on our technical and fundamental analysis, the GBP/USD currency pair presents a compelling downtrend bias. The technical indicators, such as the downtrend pattern, moving averages, and RSI, support the notion of further downward movement. Moreover, the fundamental factors, including economic indicators, interest rate differentials, and risk aversion, indicate that the US Dollar is likely to outperform the British Pound in the near term. As with any trading analysis, it is essential to exercise caution and consider risk management strategies before making any trading decisions.
Short
by creamygem
BTC Weekly: Long-Term Bullish Shark Harmonic?Lets take a look at the BTC weekly chart technicals: RSI is at major lows Repeated testing of 17k support Signs reversal on the MACD+Stoch indicators Increased buy volume on BTC/USDT for KuCoin and Binance For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with other support lines at 17k and 10k. We could see a breakout from the large, declining triangle pattern which I believe is a Bullish Shark Harmonic Pattern . If it proves a valid reversal indicator we could see a good rally from around $12k - $13k. This is my observational opinion. Alternatively, we could see it test the 10k mark support line below the triangle before a confident reversal signal! I believe this is a more bearish view, but possible. If we look at market cap indicators, TOTAL, TOTAL1 and TOTAL2, we can see buying volume is higher for BTC relative to altcoints, indicating a possible influx to the largest cap currencies such as ETH, XRP, ATOM, HBAR, etc. Is This a DCA Oppertunity? My TL;DR opinion? Neutral-bearish on the short-term, bullish on the long term. Cautiously engaging with solid DCA strategies from these prices. If we take a look at the wider economy and political climate, there is a tremendous amount of uncertainty surround FIAT after the dollar’s overwhelming rally against the Euro, GBP, and JPY! Gold lost a key support level at $1,700, and major indicies such as NASDAQ are still underperforming. Whilst crypto is classed as a high-risk asset, some investors are noticing this moment of stability compared to the rest of the global market. It is impossible to make a perfect prediction and we could absolutely see some Lower Lows on crypto before a relief rally. Silver is a commodity on the radar that could be showing signs of a major upswing, although I have yet to do a confident analysis on it. With all that said I would personally be comfortable DCAing into crypto from here over time, with the expectation of another respectable dip before a full reversal🙏 Note: Nothing posted constitutes as financial advice, or any form of advice, and is designed to inform and educate!
Long
by Arkayana
2
CADJPY sell Short term Hi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not a lot of correlations but i can see similar patterns across board with the exception of UJ and GJ. Entry and sl marked. Like follow and share. many thanks
Short
by creamygem