Get started

Trendanalysisexplained

USD/CAD: Expectative in the trendFundamental Analysis: 1. U.S. Treasury Yields climbed on Monday as investor remained concerned the FED would maintain it's ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. Business activity in October. 2. Investor will be watching closely at any indication from policy makers of a less aggressive approach regarding future rate hikes as FED expected to increase 75 bps in the next week. So, we see some fundamental news that sound negative and could to affect the Dollar. But now, we could to see a possible sshort position in USD.CAD to short. So, we hope it!!! Good luck!!!
Short
by harisonhbn9718
6
AUD/CAD: Review!!!In this analysis, as I was shorting from $0.8655 CAD in the past analysis using Fibonacci and entry in the 0.382% that we see that would get a nice trade, but the price clearly forming a bullish channel flag in H1 timeframe and then, as I was holding this short position. I was in profit early about 46 pips in profit. But then, the price made a reverse in the trend. What If I closed up this short in $0.8617 CAD, i would have like 28 pips in profit. But I didn't it. And also, another possible short position could be in the smart point that I mark in $0.8684 CAD that was a good opportunity that I can to entry in short and fix my target in th bottom of this chartist pattern. Therefore, I don't thinking that I make a bad entry, but the possibility could to give me an opportunity in this trade. What it's very normal in this juicy and critic look that mistake. As result, I got -2.67% loss in this trade. And finally, another perspective that I needed to add in the past analysis the possibility to occur this case that we see now. But the result of the past week was a 2.67% loss in AUD/CAD and 16.34% earned in GBP/USD. So, I got 13.67% in profit in the past week and during this month October 2022. Not bad!!! But nice work!!! So guys, this it's the ending of all review that I do now. I've always making this review to know my performance and what kind of analysis I will apply to improve my skills and abilities to develop. See you tomorrow!!!
Short
by harisonhbn9718
GBP/USD: Review!!!In this review, I made an analysis in short position after this fundamental analysis that I told in the past to review again: 1) Britain's new Financer Minister Jeremy Hund on Monday scrapped Prime Minister Lizz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks. 2) The British finance minister take decision to reverse most of the government's "mini budget" prompted investor to reassess the outlook of UK interest rates 3) Bank of England comment that they will go ahead with plans to start selling some of its huge stock of government bonds with the first sale due on November 1 2022, a day later than previsouly planned to avoid clashing with a government fiscal statement. 4) Sterling retained strenght as investor sentiment soared as the UK rowed back on its ill-fated tax-slashing mini-budget which had roiled markets. ***5) The boosting sentiment about the tax cuts previously announced by Prime minister Liz Truss, now on today UK new finance minister Jeremy Hunt has canceled nearly all of them fiscal plans that prompted New Prime Minister Liz Truss. 6) As UK government announced the program to cut ta and reduce public spending, there're a potential risk of recession are still growing in the UK economy since 2021, forcing to raise taxes and weigh deep spending cuts. So, based in this review. I made an excellent analysis in Pound/Dollar in the past week. Entering in the smart point in $1.1351 USD and take profit exactly at $1.1171 USD. What I got 179 pips earned in this trade. But as this was very coincidence that my target was very fix an hours more later, the price climbed that would have to take my break even that I putted. But I got 16.34% earned in this trade and also starting this week and this month, too. This analysis was excellent driven by fundamental news very well!!! So, let's continue following how the market move tomorrow in Forex market!!! See you tomorrow!!!
Short
by harisonhbn9718
Cardano could to carry down the price to $0.22 centsIn this weekly analysis, we see another and possible crash of -42% in the price. And now, Cardano break down this descending triangle and we can to expect a pull back and then, entry in the short position following the projection. Also, for your recommendation don't buy Cardano in this end of tis bear market, starting to buy Bitcoin and hold Bitcoin or use part of them to make trading in the financial market. A good strategy it's using Cardano dominance and check out Cardano/Bitcoin correlation, for you, Cardano still bearish in this correlation in front of Bitcoin value. So guys, that it's all information that I can to bring you and be prepared for this crash!!!
BINANCE:ADAUSDShort
by harisonhbn9718
4
AUDNZD It will return to resistance and fall! SHORT!Welcome back! Let me know your thoughts in the comments! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
AUD/CAD: Short position pendingAustralian Dollar/Canadian Dollar look bearish from this point. what it's a good place to put a sell order limit. Personally, I put my sell order limit to $0.8655 CAD. Stop Loss to $0.8692 CAD and take profit to $0.8564 CAD. We have the chance to get 91 pips in earnings. What I analyze this par using Fibonacci for reversion and impulse, and we could to have another opportunity to put your sell order limit as I show now. This it's the H1 timeframe, what I see a possible liquidation point in this upside, this it's a smart point to sell. Remember, Forex market it's very manipulated and you will need a strong psychology to trade this amazing market. We see in the pass that maybe the 0.618% was a 2 opportunities to entry in short, what we have another opportunity yet to entry and put our sell position in the block and in the smart point like this. and not entry yet as sometimes this could be a volatile market and market trap for unexperienced.
Short
by harisonhbn9718
2
GBP/USD: Fundamental Analysis/ OverviewFundamental Analysis: 1) The British Prime Minister Liz Truss has a controversial economic plan, meanwhile the UK government will raise corporate taxes to help support dwindling government finances. 2) Sterling Pound gained on the news that UK will bring forward its tax and spending plans in a bid to reassure markets after the turmoil associated with the start of new UK Prime Minister Liz Truss. 3) UK Treasury announced that Chancellor of the Exchequer Jeremy Hunt want to announce new tax and spending plans later in the effort to calm Britain markets which had been roiled by his predecessor's economic program. 4) Chancellor Jeremy Hunt will make a statement in the UK House of Commons with the role on measures to "support fiscal sustainability". 5) UK Prime Minister Liz Truss will announce an emergency bond buying program to fund massive tax cuts with borrowing, as a smart plan to resulting in the UK Central Bank as stepping in to restore calm in the Britain markets. Fundamentally, we see an optimistic news in this week what there's an economic plan to support the UK government finance in raise corporate taxes to help the public spending in the turn to reassure the Britain markets. It's appear that Miss Truss want to create an emergency bond buying program with the objective to fund massive tax cuts with borrowing to restore the calm in the Britain markets. So, it's an indication that Pound look bullish sentiment by this clue what I summary here. Overview: Based in the fundamental analysis, Sterling Pound look bullish in H1 timeframe, what technically Pound forming lower high in the H1 timeframe indicating that bulls are bought and also, by definition, it's look like a change of trend. But obviously, we would to continue read fundamental analysis, the key for success in Forex market. So, I see that look bullish, but right now we can't to buy, in my analysis, GBP could to down a little like $1.1317 USD, what we could to buy in the downline that forming this bullish channel, what I suggested to put an alarm in $1.1320 USD when that alarm will notify us when the price raise in this zone of "possible bought" to waiting to develop it with confirmation to entry in the good trade to long position. ***After Hurricane Fiona in my country, I return to the normality after almost 5 weeks offline and disconnected of Forex and global financial market. Thank you!!!
Long
by harisonhbn9718
ETH/USD: Waiting for long positionIn this continuation of Daily analysis, we analyze the H4 timeframe, but I would like to hope the next formation of the next bullish signal in the price action. But right now, Ethereum made this break-out of this bearish channel flag to the upside, but sometimes those consolidation could be a bullish opportunity to watch in Daily chart based in my own analysis. So guys, it's a strategy that I ever know very good to trade in whatever in financial markets. I hope that this idea support you. Please go the link to related idea to my previously analysis of them.
COINBASE:ETHUSDLong
by harisonhbn9718
6
ETH/USD: Potential long position to $1,500 USDIn Daily timeframe, Ethereum look that the price it's into this consolidation, but I see in the candlestick analysis that the price forming a series of bullish pattern, and most recently the bullish hammer with a large wick of bullish rejection, indicating that bulls are interesting to lead the price to the upside. So, our next target to trade will be like $1,500 USD as maximum to watch and study where's our support and resistance key in this chart. So guys, I hope that this analsyis support you if you want to trade Ethereum. Good luck!!! I will check in H4 timeframe to know and make another analysis.
COINBASE:ETHUSDLong
by harisonhbn9718
1
Ethereum confirmed the bearish signal below of the EMA 200Ethereum confirmed this bearish signal that we look a bearish evolving pattern in weekly timeframe. What the price it's below of the EMA 200 and now it's may to turn to the another crash incoming in Ethereum price. What we could to found out short position in our trades during the next weeks. Also, I'm watching that if $781 USD will be the bottom of this bear market, it's very important to read and take note in Forex market to know what will be happening with the US Dollar influence in our global financial market. Now, if in case that $781 doesn't make any support in this level, we could to see so nearly toward $485 USD the minimum support to see in this bottom. But very important to recall it's read and read it what happen in Forex market and take perspective if FED will continue hike interest rate in the next month to see. So guys, I hope that this analysis was very clear to understand and take plan to short Ethereum with solid fundament.
COINBASE:ETHUSDShort
by harisonhbn9718
1
USD/J[Y: Bought in the smart zoneU.S. Dollar/Yen Japanese look into this opportunity. So, there're a lot potential that U.S. Dollar continue strength in front of Yen Japanese and other par. Analyzing in H4 timeframe, Dollar still up and the last analysis, I said that a good zone could be like this. But this it's a pull back, not a bearish signal, also we would have to short Dollar in the past hour, but for me, I don't like when Dollar still in the strong uptrend. Also, another data look very optimistic in the Consumer Price Index that rose 0.6% in forecast of 3%, indicating optimistic in USD, and at favor by American consumer that this survey and economic data work to measure the consumer trend in front of inflation. In 30 minutes look in the strong bullish envolving, what I believe that in H1 timeframe could be bullish. So, I put a buy order now in $143.26 JPY, Stop Loss to $142.52 JPY and take profit to $145.00 JPY, We see a risk/benefit 1:2. With a lot chance that Dollar continue strenght in this pull back now. Good luck!!! Tomorrow we have important news: 1) U.S. Core Retail Sales *** 2) U.S. Initial Jobless Claims *** 3) Philadelphia FED Manufacturing Index 4) Retail Sales
Long
by harisonhbn9718
6
TSLA: Our Ascending Triangle worked. What's next?• TSLA is still in a clear bear trend, as it is still doing lower highs/lows; • Since our last analysis, TSLA did exactly what we expected, and it hit our first target at $265 (our Ascending Triangle target). For more details, the link to my previous post is below this analysis; • In addition, it is consistently trading below the 21 ema, which is a key resistance for TSLA in the 1h chart; • In the daily chart, TSLA filled the gap at $250 (blue square), which was our second target, and the sell-off persists; • In theory, since it is a bear trend, made of lower highs/lows, and since TSLA is trading below the 21 ema in the 1h and daily charts, the next stop is the next support at $225 (July 13 low); • The volume is still quite high, and there’s no bullish structure to work with right now; • TSLA would need to do a strong bullish reversal sign in the 1h chart, and break the 21 ema as well, in order to avoid retesting the $225; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra