easyMarkets EURGBP Daily - Quick Technical OverviewEURGBP found resistance near a short-term downside line. In order to consider a further move north, a push above that line would be required.
Please watch the video for the analysis.
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Technical
easyMarkets EURUSD Daily - Quick Technical OverviewEURUSD got a good boost yesterday, traveling back to its 50-day EMA, where it found resistance. If we clear that area, more buyers might join in.
For today, watch out for the ECB's Account of Monetary Policy Meeting, together with the EU preliminary CPI numbers.
Please watch the short video for the remaining analysis.
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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.
easyMarkets Dow Jones Daily - Quick Technical OverviewAfter a recent decline, the DJIA index found support near the 32700 area, which is near the lowest point of December. If, eventually, that support area surrenders, this could clear the path towards the 31740 zone.
Alternatively, a break above a short-term tentative downside resistance line, drawn from the high of February 14th, could help attract the bulls back into the game. More of them may join on a move above the 200-day EMA.
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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.
easyMarkets Brent Oil Daily - Quick Technical OverviewBrent oil continues to trade between two trendlines, a short-term upside one taken from the low of December 9th and a downside line drawn from the high of July 28th. As long as the commodity remains between those two lines, we will stay neutral.
If the downside line gets violated, we will start examining higher areas as potential targets, however, more buyers may join in if Brent oil jumps above the 89-dollar mark. Additionally, the commodity could also rise above the 200-day EMA, which also could be seen as a bullish indication.
Alternatively, a break below the aforementioned upside line and an additional move below the 80.43 zone may attract more sellers into the game, possibly clearing the way to the 75.00 area.
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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.
GBPNZD: SELL LIMIT OPPORTUNITYThe pair is about to reach an important Resistance area (purple rectangle) that indeed was previously a Support. On this level bears already showed powers on Wed 22 February (rejection of price at 1.95407). For these reasons we can set a Sell Limit order at 1.95300 with Stop Loss at 1.962 (too often tight stop losses and quick false breakouts of resistances invalidate signals) and take profit around 1.92900.
Thank you.
GOLD; possible buy or sell continuationOver the past five weeks, the global Gold trend has exhibited a bearish sentiment. A notable decline was observed on Friday, 24th February. Subsequently, on the 27th of Feb, there was a corrective move to an equilibrium price region (1818.50-1820.063), which coincides with an intraday resistance level. This level demonstrated strength as sellers defended the area, driving prices further down towards an intraday support region. This price behavior suggests a range-bound market for the precious metal (Gold).
The intraday support region has been tested five (X5) times with a liquidity grab, establishing it as a significant stronghold for buyers to propel prices upwards. Despite the ongoing bearish trend, I anticipate the price to rebound from this support zone (at 1807.029-1809.11) first to the internal supply level (1815.80) and then to the resistance level.
However in the event of a violation of the support zone, a price drop to the 1800.00 price level is likely to occur. Therefore, I will adjust my position accordingly.
easyMarkets DAX Daily - Quick Technical OverviewThe technical picture of DAX on our daily chart shows that the index is currently stuck between two trendlines - a short-term downside resistance one taken from the high of February 9th and medium-term upside support line drawn from the low of October 3rd. Given that DAX has been on a roller coaster ride for the whole month of February, we need to see a clear violation of one of the trendlines in order to consider a near-term directional move, either up or down.
However, we would get more comfortable with higher areas if we also see a break somewhere above the 15700 zone.
For the downside, a drop below the 15200 territory might attract more sellers into the game.
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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.
easyMarkets GBPUSD Daily - Quick Technical OverviewFrom around the beginning of December 2022 GBPUSD is trading inside a range, roughly between the 1.1840 and 1.2440 levels. As long as the pair stays inside that pattern, the medium-term outlook remains neutral. We need to see a clear breakout through one of the sides of the range in order to consider the next medium-term directional move.
From a short-term perspective, GBPUSD is trading below a short-term tentative downside resistance line drawn from the high of February 2nd. To aim higher within the range, a break above that short-term trendline is needed. If that happens, the rate would also be placed above all the EMAs, which may attract a few extra buyers.
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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.
Bitcoin Marco Idea going into Halving Event (Apr 2024)Tl;dr:
- Bearish Q2 & Q3 2023 (rejected from 50 and 200 weekly MAs, with death cross first time in BTC history)
- Fed likely eases stance around late Q3 2023 (disinflation)
- Strong Bull rally into the halving ($75-95k) April 2024
- Sell the halving news (strong sell off) --> Bearish Q3, Q4 2024
- What's next in 2025? depends on the macro environment then (the Fed, yield rates, employment data, etc)
Yours truly,
Leb Crypto
US100 - Potential short term reversalThe Nasdaq 100 index, also known as US100, has been on a downtrend in recent weeks, causing concern for investors and traders alike. However, there are signs that a potential bullish reversal may be on the horizon as the index touches support.
In summary, the Nasdaq 100 index has potential for a bullish reversal as it touches support, which could signal a buying opportunity for traders and investors. However, it's important to remember that there are no guarantees in the stock market, and traders and investors should always conduct their own research and analysis before making any investment decisions.
Multiple Ideas for MELI the next weekLike you can see the Graph. MELI has a good fundamentals from the last Earnings and Revenue. One the F. Volume profile levels reach the 61,8% of the Fibonacci Retracement. So It's time to wait if the POC moves to that area and make things more interesting. The other Escenario is Wait for a Breakout. I think both Ideas are good if the Ocillator goes in a red wave marking a good retracement and go bullish again with more power and momentum
easyMarkets EURCHF Daily - Quick Technical OverviewWaiting for EURCHF to make a breakout, before considering the next short-term directional move.
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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.
DOW ANALYSIS ON CAD/CHFDow Theory is one of the oldest and most widely used methods for technical analysis in the financial markets. It was developed by Charles Dow, the founder of the Wall Street Journal, and is based on his observations of market trends in the late 19th and early 20th centuries. The theory is based on the premise that the stock market moves in trends and that these trends can be analyzed and predicted by studying market price movements and trading volume.
According to Dow Theory, there are three types of market trends:
Primary Trend: This is the major trend in the market, lasting for several months to several years. It can be either bullish (rising) or bearish (falling) and is determined by a series of higher highs and higher lows (in an uptrend) or lower highs and lower lows (in a downtrend).
Secondary Trend: This is a minor trend within the primary trend, lasting for several weeks to several months. It is a counter-trend move that retraces a portion of the primary trend. In an uptrend, a secondary trend would be a temporary pullback or correction, while in a downtrend, it would be a temporary rally.
Minor Trend: This is the smallest trend within the primary and secondary trends, lasting for a few days to a few weeks. It represents the daily fluctuations in the market and is often influenced by news and other short-term events.
Dow Theory also states that the market is made up of three types of movements:
Primary Movements: These are the long-term movements that define the primary trend.
Secondary Movements: These are the medium-term movements that retrace a portion of the primary trend.
Minor Movements: These are the short-term movements that represent the daily fluctuations in the market.
Dow Theory is used by technical analysts to identify trends and potential trend reversals in the market. It is often used in conjunction with other technical indicators, such as moving averages, oscillators, and chart patterns, to confirm signals and make trading decisions.
easyMarkets AUDUSD Daily - Quick Technical OverviewAUDUSD seems to be forming a possible falling wedge pattern, which, according to all the TA rules, tends to break to the upside. However, a confirmation break through the upper side of it is still needed, in order to get comfortable with a move towards higher areas. Until then, if the pair stays inside the pattern, it may continue sliding.
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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.
easyMarkets WTI Oil Daily - Quick Technical OverviewWTI Oil continues to move sideways. We need a clear breakout through one of our levels in order to consider the next short-term directional move.
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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.
easyMarkets Gold Daily - Quick Technical OverviewTaking a conservative approach and waiting for a clear breakout either through the 1845 barrier, or the 1825 hurdle to consider the next short-term directional move.
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.
easyMarkets S&P500 Daily - Quick Technical OverviewThe S&P 500 is near a medium-term upside support line, drawn from the low of October 13th, 2022. Also, we can see that the psychological 4000 zone is something to be carefully monitored. If that whole territory gets violated, further declines are possible.
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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.