DXY UPDATE Price broke through first resistance. Let’s see what happens here. Pretty much just riding the train til the candles gas it down. I’ll update once I see another move setting up.
Trades
NZDUSDLooks like we may be near a reversal point. RSI oversold on 1 and 4 hour. Mac D is on the top side on both timeframes as well. Price has recently been building up on declining volume. Would like to see if price will test the current support zone listed on the chart.
ETH UPDATEI want to see if price can reach the support zone. The 4 hour RSI is oversold. The 1 hour RSI is at the 50 level. The 4 hour Mac d is still on the top side and could continue to lose momentum. I want to see the 1 hour RSI reach oversold and I will look to see where price is at. With my sentiment of the DXY going back to retest the recent high, I can envision ETH having some more room to the downside. Let’s see what happens.
DXY I don’t like marking up charts as I like to keep them clean. The RSI is oversold on the 1hour and 4 hour. Price is trading sideways and may be creating a new support. We have more rate hikes ahead so I consider the recent movement a pullback on the uptrend which may continue. There are two resistance levels. Let’s see what happens.
NZDUSD1. Price rising on declining volume.
2. RSI Oversold.
3. Mac D slightly crossing zero line towards top side.
4. Potential double top forming here.
5. Waiting for more bearish volume to kick in.
6. Mortgage Rates come in 10/19. Would love to see if we continue to rise in mortgage rates.
ETHUSD1. ETH price rising on declining volume.
2. RSI overbought.
3.MACD on top side.
4.Previous candle is a shooting star near a resistance level.
5. I want to see a few more candles to gather more information.
6. Waiting for some bearish volume to enter the market even with bull volume declining already.
7. Looking for price to retest recent support level.
Zoom #zm #zoom $zoom $zm update Let's take a look at Zoom since its IPO in 2019.
I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc.
I think that these current levels are becoming quite attractive even for swing trades over the next few weeks/months. but even more so for anyone looking to park some $ for the next 12-36 months, or more.
I feel that Zoom was not just a Temp. useful play during lockdowns and covid19. I think that Zoom will continue to grow and gain adoption. I think that Zoom still has a bright future and has opportunities to even evolve and become something more then it currently is.
If you would like More zoom updates, please feel free to let me know in the comments and what your timeline is like, and I'll do my best to try and help deliver added insight.
Shopify #shop $shop making NEW 52-week.Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr.
Making this price range all that more significant.
I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long before the actual SPX etc. and other stocks.
I think that the more aggressive declines they dealt with earlier on has created a situation where they are ahead of the curve on finding their actual base values and building a structural floor for support ahead of the rest. Possibly kind of like the decoupling we are waiting for from Crypto in general.
Stocks like Affirm, Teldoc, Zoom, Zillow, DocuSign, Sofi might also do similar.
#Tdoc #sofi #zillow #Zoom #Docusign #afrm watch for similar theories to play out, I'll try and keep up to date on it and keep opportunities posted for others. But while researching and thinking for yourself those can be ideas to consider and watch for plays based on.
nzdcadPrice may be testing the previous high here soon. Macd is losing momentum with bull volume coming back in at a support level. Looking for price to retrace previous high 23% - 61% or greater. Happy trading!
NZDJPYPrice may be testing the previous high here soon. Macd is losing momentum with bull volume coming back in at a support level. Looking for price to retrace previous high 23% - 61% or greater. Happy trading!
EURGBPDouble top located. Price rising on decreasing volume. Mac D could be losing momentum. Price may test the previous low up anywhere from 38% to 61% or more. Happy trading!
ETHUSDMac D may be losing momentum on this timeframe. On the recent trend, price came down and may be creating a support level before the recent highs are tested. Bear volume has been declining. Let's see what happens.
BTCUSDMac D may be losing momentum on this timeframe. On the recent trend, price came down and may be creating a support level before the recent highs are tested. Bear volume has been declining. Let's see what happens. Looking for rice to test the 200 HMA at some point once more bulls come into the market on this timeframe.
GBPNZDPrice may test the previous low at some point. Previous candle was a doji with above average bearish volume at or nearby a resistance level. Current candle opened lower. Let's see what happens! If price action holds, we may be in store for a nice downside move until price action tells us different. Be patient.
BTCUSDLooking for price to test the support level. At this current resistance level, we have two bearish candles with the second candle opening lower than the previous one. Our MacD is on the top side and it looks like bull volume isn't as strong as it once was. I will exit once I see price action going against me.
What do you think?
EURNZD Give it some time. I know my analysis are simple but it's like that to not confuse you with fancy tools and stuff. Previous candle still had bull volume kicking in at a resistance point. Price usually rejects this price level looking left and may be ready to retest the previous low. We never know when but the signs are there. Mac D is also losing momentum again and we may be coming off an impulsive wave here soon which means price could be exhausting at the current price level. Let's see what happens. You can also argue that this is a triple top chart pattern. Happy trading. Smart money will continue to test highs to get fomo retail traders sucked in weak positions. Let time play its story!
XAUUSDLooking for a retracement of 38% or greater towards the previous low on the 1 hour timeframe. Mac D losing momentum and RSI is coming down from overbought. Previous two candles opened lower while price has been increasing with declining volume. Let's see what happens!
CADJPYLooks like price may be exhausting and may setting a resistance level here at some point before testing the previous lows. I would love to see 38% retracement or greater on the 1 hour. The 1 hour and monthly seem to match regarding the mac d. Price has been gaining strength recently with volume declining on the 1 hour. Let's see how this plays out. On the previous months candle, we have a wick possibly closing on above average volume with the newest month opening below the previous candles open. I know JPY is pumping money into the economy. I don't know how much longer that will last.
NZDJPYLooks like we may be at a resistance level on the 1 hour and monthly timeframe. Price may be exhausting on the 1 hour while the mac d seems like its losing its momentum on the top side. Would love to see the 200 HMA tested here at some point. Looking for 38% or more retracement of the previous low on the 1 hour timeframe. Price has been gaining strength while volume has been declining recently. Let's see how it all plays out.
AUDJPYLooks like the previous high was broken on the 1 hour timeframe. The Mac D has crossed over to the top side. RSI is also overbought. AUD strength may e exhausting at this level and may be close to time for a retracement. Would like to see a retracement of 38% or greater towards the previous low which was the last time the mac d was on the bottom side. Price has also been increasing while volume has shown some regression the past few hours. Let's see what happens.
EURUSDNo need to get too technical. Just see some bearish candles coming in at a resistance level. Price is right at the 200 HMA and I would like to see if price can retest the previous low. Anywhere from 38% or greater. Getting too technical can confuse you or make it seem harder than it really is. I'm going to watch this trade on the 4 hour as time is my friend.
Buy then Sell EURAUDHi traders. I use technical analysis especially wave analysis to find high quality trades. Follow the arrows in my charts.
This is my No.4 trade call.
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