Get started

Technical-outlook

JOE / USDT Update 05/04/2024Honestly, no idea, even smallest...or it was a premature end of short order or it is going to "HIT" TP.... Personally me? I did "cash in" already...chasing the "crumbs" could lead to the loosing all pack of the bread...Simply I do not like pointless gambling... or... it is simply lack of the patience... not so sure... G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": PS, general advice: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) Congratulaions to all traders with profits again! ;)
by G-money2022
USD JPY -Awaiting the fresh buying zoneG'day, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A note before reading - this is a forecast analysis - based upon a long term trading strategy looking for Fresh Demand/Supply zones. This is tagged Long due to the overall monthly demand in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - no trade is taken until reactive, break or curve is confirmed. Long term investment strategy rated, bullish. Monthly Price has established a zone of interest, where price has reached the 1998 Departure level. Yet to test the completed supply of 1987 Supply zone as marked on the chart. The 152 level was tapped which looking at the QTR chart which highlights this easier on the chart. This supply zone is a fresh touch - showing a strong level as the sell imbalance has reacted upon the Daily, weekly chart. This fresh supply to many was not a level for-seen for many traders, however the technical correction now is a strong pivot position as marked. As the sequence has not completed (overall long) price is using this sell opportunity to now look for new zones for purchasing (especially on the weekly and monthly). - Three month chart - this assists here with Weekly Price has established a technical zone from a fresh supply in place from 152-146. Although the opportunity here is a 600pip zone. Short sellers will have taken over in the smaller time zones. Again reference to the three month chart against the weekly below - Weekly/QTR chart. The weekly distal has been established - with the 152.00 being the stop loss or slightly above for sells. The left chart - weekly shows the key retest of the QTR zone and successfully rejects this level. Looking for buys on the chart offers two zones - 1. The PCP or FL demand ranging between 135-130.5 (est). Now having this zone in place - imbalance traders will need to follow the rules of a break of curve - clear rejection upon a reactive wick or await an engulfing move in favour of a squeeze or (descending triangle), consolidation and or a pattern interchangeable of both. The second zone of interest here offers the combo box of the monthly and weekly zones - pointed out with the 'Green' eclipse and the monthly zone. For a market structural cycle - price can net out here (revert to chart - with the Fibonacci extension which points towards the imbalance alignment. Weekly/QTR Chart - Fibonacci Extension Daily chart The daily shows the price is now shifting from the pivot point from 137.5 (est) - creating now a bullish reaction towards the range top of 142.** this will be the prime range of establishing a bull and sell position within a range formation. The down trend is still prominent with down and right on the overall short term basis from the from chart with the daily supply zones added with a price looking to pivot towards 141.3X area which is the next zone of interest from the view of a lower high formation. A Bearish chart option - where price can break the pivot. Adding Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
by LupaCapital
Further downside on the cards for EUR/USD?On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged. For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was only for 4 billion dollars of 7-, 12- and 20-year bonds but there was extremely high demand, around 20 billion euros worth. With that, the bonds priced about 20 basis points below China's initial target, according to a report. Why this event is so important? For few reasons. The big one is that the euro is increasingly the preferred funding currency. It also signals the increasing cooperation between China and Europe. Finally, it signals China's efforts to diversify its FX and economic exposure away from the US. With this demand and the near-certainty that eurozone rates will remain pinned to the floor, expect more countries and corporates to issue euro-denominated debt and promptly invest it elsewhere. That should keep the downside pressure on the euro, but could also give it further positive potential during risk-off phases. In additional, take in mind that intraday strength in the US dollar index is a key factor behind weakness in the EUR/USD. From technical analysis point of view, a clear break below 1.1062 support suggests completion of the corrective rebound from 1.0879. On the daily chart we have seen also clear break under the short-term support trendline. Now, intraday bias in EUR/USD is turned back to the downside for retesting 1.0879 bottom next. But if the common currency manages to protect the abovementioned support, the technical picture would change. On the upside, a sustainable move above 1.1093 minor resistance will turn intraday bias neutral first. Further break of 1.1179 (October 21st high) will resume the rise to 1.1412 key resistance next. Ultimately, I am a seller of this pair until we break out above the 200 day EMA on a daily close at the very least. Look for signs of exhaustion after short-term rallies, and then take advantage of any opportunities you get to pick up US dollars “on the cheap” going forward.
Short
by ForexTrendline
ETHUSD Ethereum Long and Short Term Outlook from HereETHUSD Long Term/Short Term Price Forecast Per Adua ad Astra Long Term That low at 360 was as big and meaningful as Bitcoin's at 6000. Perfect Gann numbers too. Like, reeaally PERFECT. Those lows are equivalent of the lows reached in the first internet cycle when Nasdaq Composite fell from 5136 to 1118, a decline of 78% in magnitude, playing out in 4 large waves over 31 months. For ETH the fall was from 1417 to 360, a decline of 74% - in 3 large waves over less than 3 months, so 10 times the speed of the Nasdaq/Internet generation1 exactly. Look what happened to Nasdaq Composite since: now at 7209 - up nearly 7 times over 16 years. No real reason to figure that the Alt markets will perform any differently in the longer term. Just 10 times quicker maybe! And if that's the case it's effectively a buy dips market for the next 1.6 years or 18 months or so - during which time ETH can reach 360 x 7 = 2520. Stay long and keep tracking it as it rises. Time will tell, as always. Shorter Term On and on towards the stars - a little local difficulty at 820 in very near term but it should push higher with Bitcoin still driving both Northwards but ETH still outperforming beautifully. This has already become the key larger market player in the resurrection we see across the market in general. Could be Google back in the day... It should push on to 869 and 896 (900) and later to 978 where it should spend time consolidating before breaking higher stiill (add at this point) to 1400 and yes, one day to 2520 too. Time will tell...never fails. Here's to ETH. Let's hope it doesn't either.
BITFINEX:ETHUSDLong
by sumastardon
4
Technical Analysis?I have a straight question to you, and would love to hear your answer in comment section. What is technical analysis? Can you define it? Most people think that I am technical trader, but I am not. I have nothing to do with technicals as I don't use them, so what is the definition? I will write what I think about it, and it is only my subjective opinion. You can write your's too. There is no definition. Anyone can make up anything and call it technical analysis. The field now seem to encompass everything from drawing trend lines to astrology. Technical analysis started out with quite simple concepts, which are not all that dumb. In the early days, it was about looking for directional trends in prices and divergences between related market indexes. Experience told traders that when prices start moving in one direction, they are more likely to continue than to reverse. Technical analysis was just a way to visualize this concept. Divergences was mostly about comparing the Dow Jones Industrial with the Dow Jones Transport, the two most important indexes at the time, and draw conclusions from potential differences. Adding things like simple oversold/overbought indicators is still in the realm of sanity. Again, experience had taught traders that extreme short term moves are often followed by a sudden pullback. Emotions run wild as the price takes off, propelling the price further until a short term correction sets in when the buyers are already in and there’s no one left to push the price higher. Common sense things where technical analysis was used as a tool to visualize abstract phenomena. Then the problems set it. The visual nature of technical analysis lends itself to get-rich-quick stories. After all, there’s no need for all that hard work, right? Why waste time learning tough things and gaining real life experience when all you have to do is look at a chart and draw some lines? It was only a matter of time before this field was completely taken over by snake oil salesmen. To be fair, some of them are probably just delusional and not outright immoral. There are no rules for what technical analysis is. So it became everything. In particular, everything that is easily sold. The more colorful naming and background story, the easier the sell. At first we had the indicator explosion. An easy way to get famous in the field is to create an indicator. Especially if you manage to get that indicator included in standard technical analysis software packages. So everyone and his grandmother started making indicators in hopes of fame. It’s a comfortable illusion, that all you need is to find the right indicators and you’ll be rich in no time at all. Just get those parameters right. Then we have the field of exotic names. Doji, three little soldiers, spinning dragons, crouching tigers, ichimoko, harami, spanking monkeys, and tons of more colorful names. Well, I might have made some of them up, but if others are allowed to make up random exotic names, why can’t I? Beware of anything that sounds ‘cool’. Most likely it has no other use than to sell products that won’t help you. Do I say all Tech is crap? No, I wouldn’t go that far. There are actually plenty of professionals using concepts originating from technical analysis. Usually they don’t use the term though, for reasons made clear above. It has a very poor reputation. Trend following, the main strategy of the 300 billion dollar CTA industry, has its roots in technical analysis. A large part of quantitative, systematic trading is based on ideas from that came out of that field. Peace. TPP
FX:XAUUSD
by TheZabisyu
9
WTI US Oil Inverse H&S near termUSOil daily chart showing an inverse H&S pattern. Price is closed at neckline of $42. Breakout above $42 with meaningful conviction may bring the price to next major resistance of $45 to $46. Momentum indicators like CCI and RSI still have room to support potential upswing in prices. OBV yet to show improvement. Failure to break neckline signals continuation from the bearish downward trend to $38. Zoom in 4hour chart to see clearly inverse H&S pattern.
FX:USOILLong
by frexbull
CROSS CURRENCY PAIRS CORRELATION - ADVANCED ANALYSIS Hi all, I wanted to share this chart with you - I am hoping it works when I publish it and the arrows stay inline with the text - something very interesting we all know about currencies moving in tandem with each other to some degree different economic events causing them to stop moving together but eventually they will again. As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons: 1- You avoid taking the same position with several correlated currency pairs at the same time and so you do not increase your risk. Additionally, you avoid taking opposite positions with the currency pairs that move against each other, at the same time. 2- If you know the currency pairs correlations, it may help you predict the direction and movement of a currency pair, through the signals that you see on the other correlated currency pairs. If you would like more information describing the affects - reply with a short note and I will paste a URL
Education
by Oztrade
45