Get started

Trendanalysisexplained

NVDA: Pullback in a Bull Trend = Opportunity? Let's see.• NVDA is still incredibly bullish, as it is still doing higher highs/lows and it even broke the resistance we mentioned a few weeks ago (link to my previous analysis below this post); • However, in the past few days NVDA is doing a pullback, which doesn’t mean bearish reversal, but it is showing weakness and it is supposed to retest its support levels; • The first support is seen in the daily chart, the red line at $149, along with the 21 ema, making this a dual-support area; • If NVDA loses the dual-support area in the daily chart, then the next stop is the $141, the black line in the daily chart; • Since the trend is still bullish, any bullish reaction above any of these key support areas might be just an opportunity to buy - there's no bullish sign confirmed yet; • So far, there’s no bearish reversal structure on it as well. Let's pay attention to the key points mentioned in this analysis. I’ll keep you guys posted on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern; • Since last week, NIO has been dropping while the volume was low, a sign of weakness; • If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8; • In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart; • Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend; • For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything, Remember to follow me to keep in touch with my analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
1
EUR/GBP: ReviewIn this review from November 9 2022, Euro/Sterling Pound was a perfect analysis that I found out when I made this analysis in the past 2 weeks and I was lead by fundamental news that Euro was bullish by fundamental news that I will show you here to recall why Euro was bullish. Fundamental News to recall it: 1) Euro and Sterling Pound rose against he safe haven dollar on November, 7, 2022, supported by a risk on sentiment across market as investors digested positive eurozone data and looked to cash in on the strength of the US Dollar 2) A survey showed on November, 7, 2022 that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent as rationing on the continent this winter 3) Germany should hike taxes on rich to finance relief packages, adviser say-report 4) Germany's economic council less pessimistic than government on looming recession-source 5) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns. 6) Inflation expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession. 7) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multi-billion-euro relief packages it has agreed to fight the energy crisis. 8) Uk Businesses fear gloomy Christmas as cost of living soars. 9) Dollar slips as German bund yields strengthen Euro 10) Marc Chandler (chief market speculation at Bannockburn Global Forex) told in November, 9, 2022 that a steady climb in German bond yields weakened the Dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields. 11) Marc Chandler believe that European Central Bank it's about more aggressiveness than Federal Reserve do, focusing in the movement in two year German bunds. He believe that it's not much difference that monetary and fiscal policy it's playing down in the U.S. election than European Central Bank trying to tightening the European monetary policy and tightening in Euro currency. 12) Germany must ask high earners to help with energy relief-economic council 13) A panel of economic advisers said that Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners. 14) Monica Schitzer (Economist advisers) said that she look an expectations that Germany's pointing out high earners that benefit from a fuel tax cut and a planned gas price brake. She added at a news conference that "increases government debt will likely more than necessary as well as stoking inflation 15) Christian Lindner (First Ministry German Finance) said that government would carefully to examine the panel's report, but he rejected calls for higher taxes. 16) Germany to examine revised European Union debt rules closely 17) Germany welcomes the fact that the European Commission has proposd its changes to EU fiscal rules on debt. 18) ECB Nagel calls for letting long-term rates rise too. 19) European Central Bank should led long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone. 20) ECB has been raising its policy rates at record speed but it is still buying bond to replenish portfolio, which has a dampening impact on long-term bond yields. So, fundamentally Euro was in the morale up and optimistic by fundamental news that every news may to support Euro/Pound into a long term to plan to bought bonds yields. That it's a key fact that Euro can to change the trend in medium term as a signal. So, this was a perfect trade without observations as I'm very lead by fundamental news. So, in this trade from past 2 weeks. I got 8.96% in profit that I end this in the past 2 weeks. But was a perfect trade that I found out.
Long
by harisonhbn9718
GBP/CAD: Review!!!What I think about this analysis, was very well. Now, as this analysis that I bought was in the smart zone, I see that was a very good analsis buying GBP/CAD in $1.5892 CAD. That I remember that I made this analysis in H4 timeframe. But I thinking that GBP/CAD forming a bullish channel that right now, we can to see any sell from this point like $1.60 CAD to take in note. And also, in Daily timeframe we're forming this bullish channel, but I want to share my perspective point that GBP/CAD it's ready to down, and we can to udpate this line to monitoring the exact point what GBP/CAD will stop this buy off. As I closed up manually in this trade from Friday that I got 7.04% earned!!! So this trade was very well!!! But this trade look interesting to short!!! Now as I look in H1 timeframe we can to forming a market trap in H1 timeframe that we can to see a market trap. but some carefully in the next week, as I'm interesting to short Now, calculating what I hold up in month ROI that I have 16.57% and plus 7.04%. So I got 23.61% in ROI. This mean that I overpass 20% monthly ROI. So, this week as I have EUR/USD and USD/CAD to review a little more, we can to work this analysis to become more patience when I knew that I was a clear perspective. with the same of GBP/CAD that I see a possible short position in GBP/CAD for the next week. Good Day!!!! So guys, talking about review, every review of my analysis it's show me some things that I can to improve by my evaluation that I do in my trades by real account to test my skills in trading. During this year, I work too much in Forex market the style how I analyze each par. Reviews will help you to get an evaluation to measure your progress in your Day Trading. Apart of cryptocurrencies, as I like more to make a swing trading and position trading to hold those position by long term. For tomorrow, I will make the last EUR/GBP analysis of the past week to know my review and how I did it this trade.
Long
by harisonhbn9718
1
USD/CAD: Review!!!U.S. Dollar/Canadian Dollar was a good trade that at least for me I catch the target profit fix in $1.3400 CAD exacly. What I was in 2 trades to long position when I knew very good that USD/CAD climbed. And also ,I had a loss of -3.58% in my first trade that I enter and hit my Stop Loss very bad, also I put all my update and analysis of USD/CAD in this week. But my last 2 trades I had a earn of 15.52%, what I recover part of my loss and also my extra earns that only my real earned was 11.95%. But I want to share you some observations that I note that I can to work my technical analysis better, when I knew that USD/CAD climbed the price and my perspective was excellent, but I can to work a little more my analysis to share my observations here Everything it's explain in this screenshot!!! So, my analysis in H1 timeframe look good, but I can to work a little more as I explain in the above of this screenshot to improve my entry in the smart point to be my entry a little more precise when I'm very sure that USD climbed. And my Daily analysis, as I predicted very well, pass. In summary, I would have a precise entry if I only draw in H4 timeframe the smart point and also put my buy order limit around 1.3450 CAD and also a little more patience. This it's the major observations that I note to work my analysis like this when it's about a market reversal. The key it's being a little more patience when I knew that my perspective was excellent, and could be perfect, but was almost perfect, the only to know it's study this observations to the next analysis like this. So, as i got 11.95% earned. i will need tu sum with my anothers analysis in EUR/USD and GBP/CAD to get my real results. At the moment, I hold 10.07% in this month and sum it 11.95%. So, I get 22.02% for now. But only one moment because as I had 2 fell trades in EUR/USD and 1 trade with a small eanr, I will need to calculate it very well with GBP/CAD whtat was a partial earns that I decide today to closed up this long position with profits. And also a review of EUR/GBP of the past week analysis that I need to make a review too. So guys, if you like the review111 Notice that every week I will make review to evaluate my trades specially in Forex market.
Long
by harisonhbn9718
Gold pullback expectedXAUUSD retreats further from a multi-month top, $1786. The weekly low, near $1750, might protect the immediate downside ahead of the $1745 area below which Gold is likely to extend the ongoing corrective pullback towards $1730 demand zone. The 100-hour SMA, currently near the $1768 region seems to cap the upside. A sustained move above it would allow gold bulls to test $1780 supply area again. Sluggish sentiment and US Dollar rebound also favor XAUUSD bears as long as Gold below $1778. We expect Gold to move lower towards $1756 - $1750 area.
PEPPERSTONE:XAUUSDShort
by GOLDPIPSMAKER
USD/CAD: UpdateAt the moment, we're in profit in both trades. and also I see that USD/CAD was manipulated for second time, but in this time doesn't hit my Stop Loss, but as I knew, was climb up as I said you. This was a pure manipulation that also, I have a comment and note to improve my skill in this kind of analysis a little more to be excellent to trade when I knew it. At the moment, I'm in profit with 4.89% in profit. what I recover part of my loss in the first trade. The only that I want to do it's update my target profit to down a little to fix in $1.3400 CAD. As first we have a smart point that institutional want to carry the price to this smart point that I'm watching in this grey zone. So, we continue hold this position. For tomorrow, we have 2 important news in our economic calendar about U.S. Initial Jobless Claims and Philadelphia FED Manufacturing, what I expect that Dollar continue bullish in this way. This it's the H4 timeframe and analysis here to view better!!! We're bullish in this trade
Long
by harisonhbn9718
EUR/USD: UpdateSo, as I re-entry and this it's the 3rd time that I'm entry in short. So, this week was very manipulated the Forex market in both sense, but the real situation real it's that we're in the market trap that institutional will bring this manipulation to confuse everyone. What I'm in short by price action indicate weak in the price. So, I hold this position from the morning, the only update it's change the Stop Loss to $1.0466 USD. and take profit to $1.0225 USD. Good luck shorting Euro/Dollar!!!
Short
by harisonhbn9718
2
SPX: Another BULLSEYE! Is there a Bottom now?• Today, SPX hit our target at 3,911, as we described yesterday (the link to my previous public analysis is below this post); • So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema; • The volume is still low, which reinforces the idea of a correction; • Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Another Top sign? Watch these KEY POINTS!• The index is stabilizing today, showing some weakness. This could be a possible top sign, but there’s no confirmation yet; • From my perspective, the index has to lose the area around 3,950 in order to do a decent correction, otherwise, it’ll just keep moving sideways for a while, before resuming the bull trend; • If it triggers a pullback, our support levels are the same I mentioned yesterday (1st at 3,911, 2nd at the 21 ema). The link to my previous analysis is below this post, as usual; • Either way, since a pullback is not a reversal, the bull trend would still persist, and our target at 4,119 would still be valid in this scenario; • To sum up, let’s pay attention to the 3,950 area, along with the next support/resistance levels mentioned in this analysis. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
Gold in consolidationXAUUSD currently in range between $1766 and $1787. Gold has breached the rising trendline support at $1775 on a 4-hour time frame. Bears need a four hourly candlestick close below it. The first support is found at $1768. Failure to defend the support might prompt some technical selling and accelerate the corrective slide towards $1750 and $1730 demand zones. On the upside, buyers need to move above the resistance at $1775 to resume the uptrend toward $1780 and $1787. The fundamental backdrop suggests that a corrective pullback might still be seen as a buying opportunity. Gold should fund buyers near $1770 - $1765 area.
PEPPERSTONE:XAUUSDLong
by GOLDPIPSMAKER
1
Get Ready for BTC bulls Revenge Plan to 26k, This NOV-DeCAre you ready for $17600, $18800 bulls play. As if $16k was not bad enough, The bears beat the bulls all the way back to $15550. but was the bears breaking down below $16k a Trap on 4hrs. Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why. the bulls won't let this big push to 15500 range go easily on BTC . Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me) But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022. I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support. The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below. If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65. This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area. This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.
COINBASE:BTCUSDLong
by MachiavelliTrader
2
EUR/USD: short position by technical analysis explainedIn this quickly analysis, I see that Euro could to drop very easily to short EUR/USD. As today I read a good perspective from U.S. Dollar fundamental news. that come bullish. Now, I'm shorting in the market live in EUR/USD in $1.0321 USD. Stop Loss to $1.0384 USD and take profit $1.0190 USD. I see a bearish perspective in this par. This it's H4 timeframe and I share this screenshot as we see a potential to trade Euro to short position against U.S. Dollar. And also, I see in Daily timeframe a possible strong bearish setup that we're in the higher point to sell, but in case that this sell-off intensify, this could be an extraordinary opportunity to hold this position toward previously level like the parity 1:1. It's mean 1.000 USD So, if you want to read the fundamental news, go to USD.CAD below of this link to related idea and click on. Good luck!!!
Short
by harisonhbn9718
7
USD/CAD: bought by fundamental news!!!The U.S. Dollar look bullish by sense in the fundamental news what I read in my own opinion. What as I share what I found out. 1) U.S. Dollar rose against the basket of currencies, as investor kept their focus on the Federal Reserve's interest rate hiking path after a policymaker said too much of last week's cooler U.S. inflation data 2) Governor Christopher Waller told on this Sunday that FED could now start thinking about hiking at a slower pace as inflation print was just one data point that they're similar readings would needed to show convincingly that U.S. inflation was slowing. 3) Adam Button (Chief Currency Analyst at Forex Live in Toronto, Canada) put in note that investor hopes how far the FED make recalibration to rethink it needs some time to digest the enormous. He comment too, that he's expect that market to consolidate and digest some of these moves. 4) The release of cooler than expected U.S. Consumer Price Index for October on Thursday prompted a sharp retreat in the Dollar on raised expectations that FED will decide to temper its aggressive monetary tightening with another potential to hike 50 bps in December. 5) Governor Christopher Waller attempted to punture this optimism, saying in an interview over the weekend that the markets shouldn't get carried away over just one a data point to hike slower pace as inflation began to slow. 6) Federal Reserve will likely soon slow its interest rates hikes. Signalizing that U.S. Central Bank tries to figure out how high borrowing cost need to go and how long they should stay there to bring down inflation. Now, fundamentally the fundamental news sound bullish for USD as we see that first, investor kept their focus on the Federal Reserve's interest rate hiking path after a policymaker said too much of last week's cooler U.S. inflation data. This sentence it's appear that indicate that U.S. Dollar it's entry in demand as investor still watching the Federal Reserve's focus about interest rate hikes in December 2022. Another fundamental news are talking that FED it's seem to starting to slow pace the interest rates hikes, and economist believe that FED may to hike not 75 bps, did you know 50 bps after inflation it's hot and also, it's very necessary to know if U.S. Central Bank will bring down inflation as there're economic data that appoint that Federal Reserve may be less aggressive to hike interest rate and may to change their monetary policy in US. Now, based in our technical analysis, we see this: I see an ABCD harmonic pattern what we can to get a nice opportunity to bought USD/CAD. And I draw a fibonacci level, with expection in two important point in 0.382% and 0.618%, What mean that we can to find up targets in one of those zones. And also the MACD it's almost oversold. Now, in H1 we see in this chart that USD/CAD formed a little symmetric triangle, and seem that they (institutional) move the Dollar to the upside. So, I put a buy order in $1.3300 CAD, Stop Loss in $1.3250 CAD and take profit $1.3440 CAD. This it's a risk/benefit 1:3. This could be a nice trade in this week. Good luck!!!
Long
by harisonhbn9718
4
Meta: Chilli Cheese DipMeta is currently reorganizing parts of the company, which resulted in 11,000 job eliminations and further cost-cutting moves. The Meta course is currently rising and expected to fall back down into a correction into the yellow trading area below the support line at $88.09. After the green wave is completed, the trend should shift out of the yellow area to work its way above the resistance at $142.60. Once the Meta-course reached that mark, it should easily climb further above $171.39. If the current trend continues to rise above $142.60, with a probablity of 40%, the Meta course would follow our secondary scenario which is expected to exceed the $171.39-mark without even dropping into a correction in the short-run.
NASDAQ:META
by MarketIntel
AMZN: Trading in a VERY IMPORTANT price area!• AMZN is in a very curious price area; • In the 1h chart, the trend is bullish, as AMZN is doing higher highs/lows, trading above its 21 ema, and it recently broke another resistance at $97; • Now, AMZN is doing a pullback to this dual-support level (21 ema+$97); • However, in the daily chart, AMZN is still in a bear trend, as it is doing lower highs/lows, and it just hit its dual-resistance area made by the 21 ema + $101; • If the bear trend wins, AMZN would lose the dual-support in the 1h chart, and AMZN would just resume the bear trend from here; • However, if the bull trend in the 1h chart wins, AMZN must break the $101 + 21 ema area in the daily chart; • What would be the technical targets for these scenarios? The gaps (red lines), as they work as magnets when the trend reverses. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
4
SPX: Still Bullish! Could it reverse?• The SPX is still bullish, as it is doing higher highs/lows, and there’s not a single bearish structure indicating a top sign (not at the moment, at least); • The key support seems to the area around 3,900, as it is a key support seen in the 1h and D chart alike; • Any pullback to the 3,900 would be normal and acceptable, if we see a top sign, however, if SPX loses this key support, the 21 ema in the daily chart would be the next stop for it; • Either way, the trend is still bullish. Could it reverse? Yes, but we have yet to see a top sign on it. I’ll keep you guys posted on it every day. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra