GBPNZD- QUICK FRIDAY PIPSPrice has now broken out of this descending TL, and retraced into the 38.2 fib level. With a weak NZD and GBPUSD ready for a retracement I believe we will ger a push higher in this pair. EYES PEELED ON 4HOUR close, if we get a doji candlestick like this I will enter this trade.
Strength
Ethereum Priced In Bitcoin & Gold Showing Strength On WeeklyBit messy but Here i have compared the strength of some major cryptos priced in both Gold (XAUUSD) and Bitcoin (BTCUSD). Ethereum can be seen as the strongest coin. It seems to be the only one with it's head above water so to speak.
a smaller pattern can also be seen on the daily chart
Strength chart! Eventually some movement!We have seen very little movement since mid June in the markets, as shown clearly with the currency strength chart.
Currently we see AUD strength and USD weakness - using a currency strength chart like this can be very useful as an extra confluence in your trade.
Regards
Darren
Don't Say I Didn't Warn You!! (SPY Long)Hi traders,
As I told you in yesterday's video I need to see a Daily bar CLOSE below or above particular SR area for me to consider that area broken. Yesterday was a picture-perfect demonstration.
SPY dropped as low as ~296, turned around, and finished the day in SOLID Green! And today it's gapping even higher with a high probability of filling the gap up to 318.
Yes, you'll not be the first in big breakouts, but at times like these, you'll be damn glad you didn't jump in too early.
Tom | FINEIGHT
BTCUSD BUY showing some strengthBTCUSD Now showing some strength to fly to 13000$ Target. 9000$ is working as a magnetic line. We can see all different reversal pattern on earth appearing above and below this magnetic Line. But this time it is accumulating over magnetic line. its a sign of strength. Set stoploss below the line and let it run to 1300$.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Euro taking strength from yenThe euro took strength over yen on monthly chart when this happen in past, euro has made massive moves up, the euro has bounced off monthly trend line which is another good sign, i'm not a long term trader i do intra day but this would be a nice one to hold on for months if euro can keep strength over yen, peace out squares
NEXO Finding Support On Long Term Weekly Trendline + StrengthCrypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
GDS - How to do ANALYSIS from the BLANK CHART! 90% of the work!Hey traders,
do you want to see, how to analyze the market? What are my thoughts behind the process? If so, then this video is for you.
Many traders think, that I only draw some lines or zones, but the truth is, that the analysis is more complex.
You have to understand which groups are participating in the market and which zones are attractive and WHY!
Entry based on some PRICE ACTION pattern is only 10% of the work you have to do.
I focus on the GDS stock, which showed relative strength compared to the whole STOCK market. Insiders believe that the bullish trend will continue. This two information gives the GDS right to be part of my watchlist for the upcoming week.
I hope you will like the analysis.
Good trading.
Jakub
FINEIGHT
DXY THEORY YOU HAVEN'T HEARD YET!THE DXY IS ONLY MADE UP OF 6 MAJOR CURRENCIES MEASURED AGAINST THE DOLLAR:
EUR (57.6% OF THE WEIGHTING),
JPY (13.6%),
GBP (11.9%),
CAD (9.1%),
SEK (4.2%),
CHF (3.6%)
A MISTAKE MANY PEOPLE MAKE WHEN PREDICTING THE DOLLAR'S STRENGTH IS USING THE DXY AS A GAUGE FOR ALL CURRENCIES' PERFORMANCES AGAINST THE DOLLAR!
EMERGING MARKET AND MANY OTHER MAJOR CURRENCIES ARE NOT INCLUDED IN THE DXY!
RECENTLY, PETER SCHIFF PLACED A BET WITH BRENT JOHNSON ON THE DIRECTION OF THE DXY, STATING THAT THE DXY WOULD BE WEAKER THAN 99 IN JANUARY 2021, WHILE BRENT JOHNSON PREDICTED IT WOULD BE HIGHER!
PETER'S THEORY CLAIMS THAT THE CURRENCIES OF PRODUCTIVE COUNTRIES WILL STRENGTHEN AGAINST THE DOLLAR FOR MANY OBVIOUS REASONS, WHILE BRENT CLAIMS THAT THE MASSIVE SHORTAGE OF U$Ds WORLDWIDE WILL ACT AS DEMAND ON THE DOLLAR, INCREASING IT'S VALUE AGAINST OTHER CURRENCIES!
I BELIEVE THEY COULD BE BOTH RIGHT, AND THAT PETER MAY HAVE MADE A MISTAKE IN USING THE DXY AS A BAROMETER:
BRENT JOHNSON IS RIGHT BECAUSE: THE WESTERN FINANCIAL SYSTEM WILL ABSORB ALL U$Ds CREATED, AND EUR, GBP, CHF AND CAD WILL ESPECIALLY SUFFER BECAUSE OF THE EURODOLLAR SYSTEM! WESTERN ECONOMIES COULD ALSO WEAKEN SEVERELY WHICH WOULD DEVALUE THEIR CURRENCIES IN ADDITION TO A EURODOLLAR SQUEEZE!
PETER SCHIFF IS RIGHT BECAUSE: AS COUNTRIES NOT INCLUDED IN THE DXY DIMINISH THEIR TRADE WITH THE U.S.A., AS THEY CEASE USING THE EURODOLLAR TO SETTLE FORMS OF TRADE NOT INVOLVING THE U.S.A. (MAINLY OIL), AND AS THE AMOUNT OF U$Ds' CREATED IN EXCESS OF THEIR DEMAND FOR DOLLARS INCREASES, PRODUCTIVE ASIAN AND EMERGING MARKET CURRENCIES WILL ABSOLUTELY STRENGTHEN AGAINST THE DOLLAR, BUT THIS WILL NOT APPEAR IN THE DXY!
IT IS ALSO POSSIBLE THAT THE FEDERAL RESERVE MEETS THE GLOBAL DEMAND FOR DOLLARS, AND THEN SOME, WHICH WOULD DEVALUE THE DOLLAR AGAINST ALL CURRENCIES, AND I BELIEVE THIS IS THE CASE, BUT I DO NOT DISCOUNT THE POSSIBILITY EXPLAINED ABOVE!
BTC to 8350 USD (200ema), if fail to hold @ 9400 USD (100ema)Bitcoin reached about previous predicted level, after "Bear Pivot" signal triggered in LIVIDITIUM signaling script.
However, PRISM oscillators still looking weak + PRISM's pSAR-based RSI still have same way to go before resetting.
Expecting BTC to drop further to ~8400 USD (200 ema) if 9400 USD (100 ema) support fails to hold, which is also where the level2 lower AEONDRIFT band level lie atm.
On the 1D time scale, BTC is still in an "overbought" state base on Fast-LIVIDITIUM {F.LVDT} dynamic levels; noting the strong red-streaks >> which can be imagined as downward forces pulling the candles down towards the 0.6 guide equilibrium level.
By falling down to 8400 USD will position the price just below the F.LVDT 0.6 equilibrium/neutral Guide line, which will turn the market to be healthily bullish again.
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (PSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~
FTM: Short-term, Looking strong (Stop-Limit set to secure gains)Setting stop-limit as indicated by the red arrow to protect the 30%+ profits gained so far: using the Fast AEONDRIFT script on the 1hr chart to determine suitable stop-loss values for the next few hours.
The RSI/Stochs as well as the PRISM oscillators looking bullish on the short term (for now). Looks like FTM may still have a bit of gas left to continue higher still (with proper risk management setup of course, in case it dumps) after retesting the 15 ema line.
=====================================================================
My indicators used:
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (PSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~