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NZD Battered by Strong USD, Trade ConcernsNZDUSD has extended its losses for the sixth day in a row, touching key levels in the 0.65’s. A strong US dollar and US/China trade concerns have both spilled over into NZD. There are many bearish signs, and if we break through the 0.65’s, there is a vacuum zone to the 0.62’s, which we haven’t seen since 2015. At the time of this writing, NZDUSD was trading at 0.6549. Levels from above will provide resistance, including: 0.6727 from highs and lows over the past 14 periods 0.6851 from highs and lows over the past 30 periods 0.7061 from highs and lows Levels from below will provide support, including: 0.6547 from highs and lows over the past 14 periods As for Technical Analysis we have the following. Volatility has narrowed a bit but may continue more before a breakout. The RSI indicator suggests that we are in a bear trend, but not oversold yet. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. NZDUSD is below the 50 period SMA, indicating a bear trend. The ADX indicator suggests a bear trend, at 30. We have some room until we reach lower bound of the Kovach Reversals Indicator at 0.6535. We are likely to find resistance at the central moving average of the KRI at 0.6659. Daily Scores: Bull Score: 1 Bear Score: 3 Ranging Score: 0 NZDUSD intraday seems to be ranging, clinging on for dear life at the immediate moment after taking a beating the past couple days. Levels from above include: 0.6562 from gaps 0.6592 from sma 50 0.6650 from gaps 0.6702 from gaps 0.6721 from highs and lows over the past 100 periods Levels from below include: 0.6542 from highs and lows over the past 14 periods Technical analysis for NZDUSD intraday is as follows. Volatility has consolidated slightly. The RSI indicator suggests that we are in a bear trend, but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. NZDUSD intraday is under the 50 period SMA, which is currently at 0.6592, indicating bearishness. Additionally, NZDUSD intraday is below the 100 period SMA, which indicates a bear trend, but not oversold yet. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, at a value of 37 observes a modest bear trend. We are below the central moving average of the Kovach Reversals Indicator at 0.6571, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 0.6524. Intraday Scores: Bull Score: 1 Bear Score: 4 Ranging Score: 1
Short
by quantguy
HOW does a Moving Average work? #EZ-Learning by EXPLANATIONHey tradomaniacs and becoming traders, here some more education for you and especially for those who started trading and heared about that weird thing called Moving Average. I hope you enjoy it and learn something. If you need more education just check my videos and posts tagged as education. Peace and happy learning Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need more? PM me. :-)
BITFINEX:XRPUSDEducation
by Trading2ez
1
Square is Ripping! But Don't Buy out of FOMO...SQ shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. Currently, SQ is trading at $87.88. We will find resistance from levels from above including the following: 89.22 from highs and lows over the past 14 periods We will find support from levels from below including the following: 69.88 from sma 50 68.90 from highs and lows over the past 14 periods 63.21 from highs and lows over the past 30 periods 43.72 from highs and lows over the past 100 periods 38.80 from highs and lows As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish. We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level. bull score: 11, bear score: 0, ranging score: 0
NYSE:SQLong
by quantguy
Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout. At the time of this writing, XOM was trading at $80.50. We will find resistance from levels from above including the following: 80.87 from gaps 81.04 from highs and lows over the past 100 periods We will find support from levels from below including: 80.35 from highs and lows over the past 30 periods 80.12 from highs and lows over the past 100 periods The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging. We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80. bull score: 2, bear score: 2, ranging score: 3
NYSE:XOM
by quantguy
Bitcoin Still RangingBitcoin seems to be in a ranging phase. Be careful when entering a position in either direction, though you may consider mean reversion. bitcoin is trading at $7047.16, at the moment. Levels from above include: 7113.30 from highs and lows over the past 14 periods 8235.50 from highs and lows over the past 30 periods 8557.52 from highs and lows over the past 100 periods 9964.50 from highs and lows We will find support from levels from below including the following: 7028.57 from volume profile over the past 14 periods 7010.73 from volume profile over the past 14 periods 6966.14 from volume profile over the past 14 periods 6885.87 from volume profile over the past 14 periods 6836.82 from volume profile over the past 14 periods 6778.85 from volume profile over the past 14 periods 6221.42 from highs and lows over the past 14 periods 5971.05 from highs and lows over the past 30 periods 5826.41 from highs and lows over the past 100 periods Technical analysis for bitcoin is as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 58, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. bitcoin is above the 50 period SMA, indicating a bull trend. Also, bitcoin is above the 100 period SMA, which is currently at 6939, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, at a value of 28 conveys a modest bull trend. We are getting closer to the upper bound of the Kovach Reversals Indicator at 7043. This should provide resistance. The central moving average of the KRI will provide support at 6522.
BITSTAMP:BTCUSD
by quantguy
XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now. Currently, XOM is trading at $80.86. We will find resistance from levels from above including the following: 81.91 from volume profile over the past 30 periods 82.34 from volume profile over the past 100 periods 83.06 from volume profile over the past 100 periods 84.40 from highs and lows over the past 30 periods Levels from below will provide support, including: 80.80 from volume profile over the past 100 periods 80.05 from volume profile 79.81 from volume profile 79.56 from volume profile 79.38 from volume profile 78.95 from volume profile 78.77 from volume profile 76.51 from highs and lows over the past 14 periods 74.80 from highs and lows over the past 100 periods 72.16 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
NYSE:XOM
by quantguy
Trade the Range with BABAAlthough the technicals for BABA seem to be bearish, we don't have a lot of conviction. BABA is trading at $178.49, at the moment. We will find resistance from levels from above including the following: 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps 183.54 from volume profile over the past 14 periods 183.96 from gaps 184.51 from volume profile over the past 30 periods 185.46 from sma 50 Levels from below will provide support, including: 177.00 from gaps 176.20 from gaps 174.79 from gaps 174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps Technical analysis for BABA is as follows. Volatility is higher than usual, but still has room to go. The RSI is 48, indicating that we are in a bear trend, but not yet oversold. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Additionally, BABA is below the 100 period SMA, which indicates a bear trend, but not oversold yet. Finally, the 50 period SMA is below the 100 period SMA, which is a longer term confirmation of bearishness. The ADX does not indicate a trend, i.e. we are ranging.
NYSE:BABA
by quantguy
AAPL Extremely Bullish, Don't Buy on FOMO!AAPL shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. At the time of this writing, AAPL was trading at $222.98. We will find resistance from levels from above including: 222.99 from volume profile over the past 14 periods 223.49 from highs and lows over the past 14 periods We will find support from levels from below including the following: 222.48 from volume profile over the past 14 periods 221.89 from volume profile over the past 14 periods 220.55 from volume profile over the past 14 periods 219.20 from volume profile over the past 14 periods 218.70 from volume profile over the past 14 periods 218.02 from volume profile over the past 14 periods 217.10 from volume profile over the past 14 periods 216.43 from volume profile over the past 14 periods 215.40 from volume profile over the past 30 periods 213.85 from volume profile over the past 30 periods Lets look at some technical analysis for AAPL. Volatility has narrowed a bit, but may continue more before a breakout. The RSI is 81, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. We are well above the 50 period SMA, which suggests that we are overbought. Also, AAPL is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator reads 68, which is indicative of a strong bull trend.
NASDAQ:AAPLLong
by quantguy
5
MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
Stocks Looking BullishThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. Currently, SPY is trading at $291.54. We will find resistance from levels from above including the following: 291.65 from highs and lows over the past 14 periods Levels from belowwill provide support, including: 289.47 from Volume profile over the past 14 periods 288.38 from Volume profile over the past 30 periods 286.77 from Volume profile over the past 14 periods 285.92 from Volume profile over the past 30 periods 282.69 from Volume profile over the past 100 periods 281.54 from Volume profile over the past 100 periods 280.16 from Highs and lows over the past 14 periods 278.71 from Volume profile 277.14 from Volume profile over the past 100 periods 275.93 from Volume profile 274.82 from Volume profile 274.08 from Volume profile 259.05 from Highs and lows over the past 100 periods 254.67 from Highs and lows The technicals for SPY are as follows. Volatility is much lower than average, so a breakout can be expected. The RSI is 73, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Also, SPY is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator shows a bull trend.
AMEX:SPYLong
by quantguy
EURUSD TESTS KEY RESISTANCEThe euro currency continues to advance against the greenback, due to improving market sentiment and broad-based weakness in the US dollar. The EURUSD pair is only intraday bullish while trading above the key 1.1681 level, it also worth noting that the pair may be creating a bullish inverted head and shoulders pattern across various time frames. The EURUSD pair is strongly bullish while trading above the 1.1681 level, key resistance is found at the 1.1700 and 1.1740 levels. If the EURUSD pair trades below the 1.1650 level, sellers will likely target the 1.1630 and 1.1600 support levels.
by OctaFX_Official
USDJPY TRADES BACK TOWARDS NECKLINE SUPPORTThe US dollar has fallen below the 111.00 level against the Japanese yen on Thursday after US equity markets experienced heavy losses over fears of a slowdown in the Chinese economy. Bearish intraday pressure is placed back on the USDJPY pair while price trades below the 111.00 level. Sellers will look to hold price below the 110.55 level, while buyers need to push price back above the 111.37 level. The USDJPY pair is bearish while trading below the 111.00 level, key support is found at the 110.55 and 110.10 levels. If the USDJPY pair trades above the 111.00 level, key resistance is located at the 111.37 and 112.05 levels.
by OctaFX_Official
LTCUSD INTRADAY BULLISH ABOVE $50.00 LEVELLitecoin, the seventh largest cryptocurrency by market capitalisation is starting to trade back above the $50.00 level, after suffering double-digit losses on Tuesday. The LTCUSD pair retains a bullish intraday trading bias while holding above the $50.00 level and may correct back towards $70.00 area. The MACD indicator is also starting to turn higher across the lower time frames. The LTCUSD pair is only intraday bullish while trading above the $50.00 level, further upside towards the $58.00 and $64.00 resistance levels remains possible. If the LTCUSD pair falls below the $50.00 level, sellers will likely test towards the $47.00 and $45.00 support levels.
BITFINEX:LTCUSD
by OctaFX_Official
EURUSD MEDIUM TERM SELLERS BACK IN CONTROLThe corrective move higher in the EURUSD pair is now appearing over and sellers are targeting the 1.1300 level as the US dollar index soars towards to new 2018 trading highs. A bearish double-top price pattern is also putting further selling pressure on the EURUSD on Wednesday. If the price break below the 1.1300 support level, heavy technical selling is expected towards the 1.1220 level. The EURUSD pair is intraday bearish while trading below the 1.1365 level, key support is now found at the 1.1300 and 1.1220 levels. If the EURUSD pair moves above the 1.1365 level key resistance is found at the 1.1400 and 1.1430 levels.
by OctaFX_Official
[Red Apple] "Rebound points. "_BTC/USD_18.08.11BTC failed to break many resistances and then falling down,, down,,,, Let's check rebound points~ A. Monthly Chart There's rebound points such as 20EMA, 20SMA, trend lines, previous low level. a. Trend line I : $5860 b. 20SMA : $5790 c. Previous low level : $5755 d. Trend line II : $5600 B. Weekly Chart Possibility for Eve&Adam pattern (Double bottom) C. Daily Chart Now, rebound like above chart and then, it can be dropped again later because BTC is falling down along 20EMA on 4H. D. Summary There's still lots of resistances up there. to breakout, we need a huge bullish candle. maybe it will appear from one of rebound points. a. For previous briefing : There was no Buy signal (no bullish engulfing candle, failed to stay over 20EMA on 4H) b. For this briefing : a) Aggressive Traders : Buy from expected rebound points -> set short stop-loss b) Conservative Traders : At least, wait until BTC stay over 20EMA on 4H and find BUY signal. Thanks. hope you got help from my idea.
BITFINEX:BTCUSD
by Red_Apple
EURUSD STRONGLY BEARISH BELOW 1.1553 LEVELThe euro currency has weakened considerably against the US dollar on Friday, with price falling back towards the 1.1500 support level after the greenback found strong buying demand. The recent corrective-move towards the 1.1600 level appears over and further intraday weakness seems likely while the EURUSD pair trades below the 1.1553 level. The MACD indicator on the daily time frame also suggests further downside appears likely. The EURUSD pair is intraday bearish while trading below the 1.1553 level, key support is now found at the 1.1507 and 1.1430 levels. If the EURUSD pair moves above the 1.1553 level key resistance is found at the 1.1580 and 1.1600 levels.
by OctaFX_Official
GBPUSD BEARS TARGETING BELOW 1.2800The British pound is edging closer to the 1.2800 level against the US dollar on Friday, as the bearish head and shoulders pattern nears completion. GBPUSD weakness can also be attributed to strength in greenback, with the US dollar index moving towards the highest levels of 2018. Sellers will continue to target the 1.2770 region, while buyers need to stabilise price above the 1.2850 level. The GBPUSD pair is strongly intraday bearish while trading below the 1.2850 level, key support is found at the 1.2740 and 1.2770 levels. If the GBPUSD pair moves above the 1.2850 resistance level, key intraday resistance is then found at the 1.2900 and 1.2930 levels.
by OctaFX_Official
[Red Apple] "Bullish?? Not yet. "_BTC/USD_18.08.10As i expected, the expected line was supported. if you not see, check previous briefing. ( ) It is going up now, but... If you are busy, you can just read below briefly '1. Briefing ' '4. Etc_lots of resistances' '5. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) 1. Briefing # Piercing Candle # Dead Cross on Daily chart # lots of resistances 2. Daily Chart 1) Trend Still under up-trend line 2) Candle Piercing 3) EMA 'Dead Cross' between 20EMA and 50EMA 4) Sum. there's piercing candle and the down slope of EMAs become gentle but i feel lack of energy for Bullish. if it had gone up more, the candle would have been 'Bullish Engulfing Candle' which is more clearly indicated 'Bullish'. 2. 4H Chart 1) EMA a. EMAs are arraying in reverse order b. candle is staying under 20EMA -> staying under 20EMA for over 10 days 2) Pattern a. in process b. upload this as last comment in previous comment and completed the target. c. breakout symmetrical -> throwback -> penetrate upward again -> complete the target. 3) Elliott Wave 4) Fibonacci Blocked by 0.786 5) Sum. Need to breakout of 20EMA 4. Etc. _ lots of resistances introduce from low frame to high frame 1) 1H a. 100EMA : $6670 2) 4H a. 20EMA : $6600 b. 50EMA : $6950 c. 100EMA : $7200 3) 1D a. 20EMA : $7130 b. 50EMA : $7170 c. 100EMA : $7425 d. up trend line and down trend line for Short : $6820 e. up trend line and down trend line for Long : $7600 4) 1W a. 50EMA : $7370 b. 20EMA : $7600 5) Sum. there are lots of resistances. in short, $6600, $6800, $6900, $7200, $7400, $7600,, $8400,,,, to breakout of all those we need huge bullish candle. 5. Summary and Strategy a. About previous briefing : rectangle and symmetrical triangle was completed its target. if you bought BTC using those pattern, recommend take profits partially or all. if you bought BTC using Crab pattern, hold and keep stop-loss. b. About this briefing : As i explained, there're lots of resistances. it will move zigzag or huge bullish candle to breakout of the lines or it can retest bottom or 20SMA($5800) due to many resistances. in this reason, if you not buy BTC, recommend just watch and check my comment. Trade with your standards. If you think my idea is helpful for you, Click ' +Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSD
by Red_Apple
USDJPY SELLING EXPECTED BELOW 111.00 LEVELThe US dollar has fallen below the key 111.00 level against the Japanese yen, as Sino-US trade tensions continue to escalate on Thursday. Now that the 111.00 to 111.50 range has been broken, sellers are now in control of the price action over the short term. The 110.55 support level is the key area bears now need to break, while buyers will look to push price back above the 111.37 level. The USDJPY pair is bearish while trading below the 111.00 level, key support is now found at the 110.55 and 110.00 levels. If the USDJPY pair trades above the 111.00 level, buyers will likely test towards the 111.37 and 111.50 resistance levels.
by OctaFX_Official
1
GBPUSD YET TO REACH EXTREME OVERSOLD CONDITIONSThe British pound continues to slump lower against the US Dollar on Thursday, as the fundamentals and technicals surrounding sterling become more bearish. The GBPUSD pair still has scope to fall below the 1.2800 level as the bearish head and shoulders pattern plays-out. The MACD and RSI indicators across the lower-time frames have still not reached extreme oversold conditions. The GBPUSD pair remains strongly bearish while trading below the 1.2955 level, key support is found at the 1.2810 and 1.2750 levels. If the GBPUSD pair moves above the 1.2900 resistance level, key intraday resistance is now found at the 1.2922 and 1.2955 levels.
by OctaFX_Official
[Red Apple] "Very Importance level on Monthly "_BTC/USD_18.08.09This idea will show you shortly the position of BTC on Monthly chart. Let's start~ 1. Short briefing # Touch 20EMA on Monthly # Going up after fall down around 0.886 Fib. 2. Monthly Chart 1) EMA & SMA Candle has not been stayed under 20EMA(red) and 20SMA(red pot) since Nov. 2015 2) Now~ Touch 20EMA and then go up. 3) Summary and Scenario a. Sum. 20EMA(about $6100) and 20SMA(about $5800) on Monthly are very importance level for BTC. Due to this, i expect it cannot be broken those levels. In this reason, these levels can help you to set stop-loss line. b. Scenario b.1 Rebound from 20EMA b.2 Breakout 20EMA -> Supported 20SMA and then rebound b.3 Breakout 20SMA -> in stagnation (in past, it took 1 year to stay over 20EMA, 20SMA) Therefore, these levels have to be supported for BTC. if it break, Monthly candle can be 'Bearish Engulfing Candle'. 3. LTF analysis 1) Daily all EMAs are in reverse order. there's Hidden Bullish Divergence in RSI, CCI. if the price goes under $6079, bullish divergence will be gone. 2) 4H 0.786 Fib. becomes resistance line after breakout 4. Strategy and Summary if you bought BTC from prz of Crab, keep your stop-loss. if you are conservative trader, trade after buy signal(candle or pattern) if it keep falling down, check the line of 20EMA, 20SMA on Monthly chart. Trade with your standards. If you think my idea is helpful for you, Click '+Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSDLong
by Red_Apple
BTCUSD STRONGLY BEARISH BELOW $6,730The BTCUSD pair has tumbled below key support, after the US Securities and Exchange Commission delayed a major decision on a Bitcoin ETF until September. The recent decline in the BTCUSD pair means that the world’s number one cryptocurrency has now erased July’s trading gains. Bitcoin is likely to come under heavy selling pressure while price trades below the key $6,730 level. The BTCUSD pair is strongly bearish while trading below the $6,730 level, key technical support is located at the $6,250 and $5,700 levels. If the BTCUSD pair moves above the $6,730 level, price may correct back towards the $6,838 and $6,990 resistance levels.
BITFINEX:BTCUSD
by OctaFX_Official