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Trendanalysisexplained

EURCAD trade idea, wait for key level breakout!currently, we are seeing price held by trendline resistance and key level resistance combined, these levels might become strong levels to hold the EURCAD upside movement. personally, I will wait for the price to break out before placing any buy order, be patient and Goodluck traders! **Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
ETH/USD: new update!!!Ethereum forming a bearish flag channl and we make this break out right now. Also, as I keep this trade since Friday, April 15, 2022. I'm still in shorting Ethereum. Also to make a new update, I will extend my target toward $2,830 USD approx to get my benefit in that zone. Also, this it's my H4 timeframe analsysi and we're in this bearish channel. As the price made movement to the upside, I don't decide to closed up my short in Ethereum but that was so almost that the price touch my SL to $3,096 USD, But waiting I become patience in that trade. But, we're in profit in Ethereum and show us good entry to entry around #3,060 USD to short, but don't pass nothing, at least for me I keep this short. So, my target will be now $2,830 USD!!! Good luck!!!
COINBASE:ETHUSDShort
by harisonhbn9718
USD/CAD: Bank of Canada big catalyst In this update, I will change my strategy how I read the economical news that it's incoming for tomorrow in the Bank of Canada about interest rate, policy monetary report and Canada Press Conference in that country and also, I will show you fundamental news with key points and technical analysis too. Fumdamental News: 1) Canadian dollar has scope to make up ground against some of its biggest commodity-related peers if the country’s central bank provides an appropriate shot of hawkishness this week. 2) Canadian Dollar has received some support from higher oil and resource prices in the wake of the Russia-Ukraine war. This Wednesday’s Bank of Canada meeting, which is widely expected to deliver a half-point interest rate hike, could well prove a catalyst for fresh moves higher. 3) Bank of America Corp. sees Macklem implementing a “potentially brisk” pace of tightening which would provide “persistent support” to the Canadian dollar in the months ahead 4) Expectations for what the Bank of Canada might choose to do on monetary policy have climbed sharply along with the recent ramp up in rhetoric south of the border at the Federal Reserve. That 4 key points it's sound bullish for Canadian Dollar. So, basically lead by fundamental news, U.S. Dollar/Canadian Dollar find up key resistance here in Daily analysis and we could to make a reversal from the point $1.2620 CAD to $1.2480 CAD. And also, to take in note in H4 timeframe, we forming a bearish divergence forming a lower high in both (RSI and price action) and that sound me a possible drop in the U.S. Dollar against Canadian Dollar. Meanwhile, in H2 timeframe to being more enfocous. I use the MACD and I Identify clearly a bearish divergence making a higher lower in MACD indicator and higher high in price action. And that it's another signal that we would to short USD/CAD. Now, as the market it's waiting the big catalyst on Canada currency, I know very well this perspective how this market will move on. I entry in short around $1.2619 CAD and SL to $1.2668 and target to $1.2480 CAD. So guys, you will need to closed up your long position in USD/CAD if you long in this trade, please pay attention and closed up, as this morning I made a bought around $1.2606 CAD, but I will lead by fundamental analysis what they speak us. I hope that this analysis support you very well.
Short
by harisonhbn9718
SPX: Still in a "danger zone"! What to expect next?Hello traders and investors! Let’s see how the SPX is doing today! First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels. The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we expected in our previous study, yesterday: Now, we are in a similar position again. Although there’s no clear resistance for us, we still have the 21 ema, which seems to be working again as a resistance today. However, I’ll still believe the 4,456 is more important resistance to break. The daily chart is looking interesting right now. Yes, we see a bullish candlestick pattern (to me it is a Piercing Line pattern), just above the support level at the 50% retracement. This is a buy sign, however, we don’t have any confirmation yet, so it is still a delicate situation. If the index triggers this Piercing Line, we could finally escape from the “danger zone” and reverse the short-term bear trend. However, it must not lose the 50% retracement, otherwise, the 61.8% is our next stop. The plot thickens and soon the index will have to do something interesting, either bullish or bearish. Let’s just keep in mind the patterns and key points mentioned in this analysis to guide us from here. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
EUR/AUD: shoulder head shoulderThe price made movement to up this early and we see that this could be a good opportunity to short again Euro/Australian Dollar when take my SL in my 2nd trade and at least, in my first trade, I'm in profit with 31 pips for now. B Also as we forming a bearish channel, we could to forming a Shoulder Head Shoulder, a bearish pattern in development what I can see, but inevitable, we could't to hope what will be happen in the early today as Euro made a climb of 0.30% approximately. I will hope that Euro make a bearish cnadlestick of confirmation to entry to short in that price around $1.4606 AUD to see another opportunity here
Short
by harisonhbn9718
3
SPX: A dangerous situation! Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, at 4,456. According to the Principle of Polarity, previous support levels will work as resistances in the future (and vice-versa), and this is exactly what’s going on here. As evidenced by the red circles, the 4,456 worked as a support level at least 3 times recently, and today, this point is working as a resistance. What’s more, the 21 ema is another resistance that has been holding the price, indicating that it is a bear trend in the short-term. If we break these resistances, great, the index will finally have a chance to reverse, and we could fill the gap at 4,481 – but it must show us some reaction quickly. If it fails in breaking these points, the bear trend will persist, and in this case, it might seek the 61.8% retracement in the daily chart: The 61.8% retracement is at 4,345, meaning we have a lot to drop. It wouldn’t be easy, as we have the 50% retracement, along with the red line at 4,416 (March’s top) to hold the price. To make the situation more complex, we have the 21 ema in the daily chart working as a resistance too. The index is between a lot of support and resistance levels, in what I call "danger zone". In my view, as long as the index remains in this area, between the resistances mentioned in the 1h chart and the 21 ema in the daily chart, and the support levels seen in the daily chart (50% retracement, red line at 4,416), nothing interesting will happen. The scenario is extremely complex, but fortunately, we have many individual stocks that are looking good right now. I’ll keep you guys updated every day, so remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
8
USD/CAD: Bought by fundamental newsU.S. Dollar/Canadian Dollar show us a good buy right now to take in note. You can to buy now at the market price and your SL will be $1.2601 CAD (35 pips) and target to $1.2737 CAD (101 pips). But in H4 timeframe we see that U.S. Dollar it's bullish in front of Canadian Dollar and USD could to lead to $1.2737 USD in my specific target to watch. So guys, the trend it's lead by H4 timeframe firstly and we see it like good opportunity. But in based the fundamental news, U.S. Dollar still up about the U.S. Treasury Yields and get benefit from Federal Reserve in the interest rate in 25 points basic in the previously month MARCH and has set to continue hiking in their progress in Forex market. That it's whole information that I have in my hand for you. Good luck!!!
Long
by harisonhbn9718
3
SPX: The most important support for the short/mid-term!Hello traders and investors! Let’s see how the SPX is doing today! Yes, it is back to the support area around 4,456 (black line), as we mentioned Friday, and it is in a very delicate situation now. As I mentioned in our last analysis, it must not lose this support area, otherwise, it could drop more, probably to the 4,343 (61.8% retracement in the D chart, check the chart below). However, if the index reacts, and closes above this support level again, it might consolidate a bottom. The problem is that it is not confirming any bullish reaction so far, but I’ll be happy if it closes above the 4,456 today. In the daily chart, we see the 38.2% Fibonacci’s Retracement holding the price again, and this retracement is exactly where the 4,456 is (black line in the 1h chart above). Therefore, I consider this an important support level to work with. Usually, when the index respects the 38.2% retracement for a moment, but loses it afterwards, it drops to the 61.8% retracement, ignoring the 50% (this is not a rule, but happens most of the time). To sum up, if the SPX is about to react, it is now or never, as we are in the last technical support level that is preventing a sharper correction. I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
ETH/USD: Bought in the smart zoneEthereum it's look with bullish perspective that could to reach the mark of $3,800 USD. Also to take reference, we see that Ethereum make support in the EMA 200, and also applying the Fibonacci, Ethereum showing us a good zone to buy Ethereum in the 0.382% in Fibonacci level. So, I add Ethereum contract in this trade toward $3,800 USD. I put my SL to $3,110 USD. This will be a risk/benefit of 1:3 and it's excellent proportion to measure our risk vs. benefit. I hope that this Daily idea support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
ADA/USD: Bullish movement to $1.13 USDCardano forming a bullish rising wedge that could to forming a bounce from this area. But I prefer to wait until Cardano make another buy confirmation using this EMAS to find up best buy when Cardano make this confirmation. But we would need to hope a pull back in the zone of $1.05 USD approximately to trade ADA in H1 timeframe. And also, as we forming a bullish divergence, this signal was confirmed and Cardano it's leading to the bounce right now. Cardano forming a bullish divergene clearly in H4 tiemframe and this chartist pattern bullish rising wedge. But in fundamental theory this will be a bullish movement to the upside. So guys, I hope that this idea support you to trade cryptocurrency, and also ,I will allow to trade in short term in H1 timeframe t find opportunities in crypto.
BINANCE:ADAUSDLong
by harisonhbn9718
SPX: Is it about to reverse the trend? Key points to watch!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that the 4,500 is a very strong resistance, as we thought. Yesterday, we closed exactly at 4,500, and today, we are trying to break it again. The SPX is in a short-term bear trend, and there’s no bullish reversal sign on it yet. However, if it stays above the 4,500 today, we might see a bullish pivot triggered above the 21 ema, and that’s a good thing. This is what the SPX needs in order to reverse the trend, and in this scenario, the 4,593 would be the next resistance. What’s more, the last gap was filled (blue square), giving us the idea that this was an Exhaustion Gap. This alone is not a bullish sign either, but it tells us that if the index is about to reverse, now would be a good time, as the sellers are losing strength. If it doesn’t react, probably the next support at 4,456 will be retested again. Unlike in the 1h chart, we see a clear bull trend in the daily chart, as the index is doing higher highs/lows and the 38.2% Fibonacci’s Retracement is holding the price nicely. What’s more, the 21 ema is also working as a support, and we are above it today again. Now that we are near this support area, the volume is increasing again, and it seems it wants to resume the mid-term bull trend. This movement was extremely technical, and there’s nothing surprising going on here. To me, the index is bullish, but we must not lose the 38.2% retracement, as when this happens, it usually drops all the way down to the 61.8% retracement. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
7
EUR/CAD: Bullish Hide DivergenceEuro/Canadian Dollar show now a good opportunity to put in long position in this par as we see clearly in the price action that this will could to see any liquidation of shorts, but you can to entry in the favor of this manipulation zone. Also, for reference, this diagonal downline it's showing like a retest and this could be another confluence that there're an important support that we can't to miss. The support it's around $1.3697 CAD, or for reference in this grey zone that I draw here. And also, we forming this bearish channel and the price it's inside it. And also, by Daily timeframe we forming another divergence forming a lower high in the RSI and price action forming a lower low. But that it's remain a possible signal that Euro will going to strengthen in front of Canadian Dollar. So guys, I remain that we forming a bullish divergence in H4 timeframe and we see a good opportunity to long EURCAD I put a long around $1.3669 CAD and SL to $1.3607 CAD and target to $1.3838 CAD. Also, for reference, you can to go in H2 timeframe as we see a good perspective to buy
Long
by harisonhbn9718
AUDNZD ShortHello traders, this is my opinion on what will happen next on AUDNZD. ➖➖➖➖➖➖➖➖➖➖➖➖ Price gone bellow his support zone @ 1.08500 and after retesting it been rejected and price reverted again. My goal is for the price to reach and consolidate on support line @ 1.07500 ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position. ➖➖➖➖➖➖➖➖➖➖➖➖ My TradingView Community if you like my idea, please like and follow for support. Also if you have any opinion please write in the comments, always open to new ideas. Thanks for passing by and have a good day traders! ➖➖➖➖➖➖➖➖➖➖➖➖
Short
by pmfxtrade
2
EUR/GBP: Bearish news in the EuroEuro has a bad news about the prospect sanction what US firm and that will impact in the Euro currencies. So, in this analysis, Euro/Great Britain Pound it's look into this bearish continuation that we could to entry to shorting Euro to down. In H4 it's look bearish!!! And this it's the Daily analysisis outlook what Euro it's droping and we could to find down the support 0.8290 Pound. So guys, I entry in short position in the 0.8355 Pound and SL to 0.8384 Pound (24 pips) and target to 0.8290 Pound (69 pips). I hope that this analysis suppor;t you
Short
by harisonhbn9718
3
DOT/USD: Trend line lower highPolkadot forming a nice trend line lower high since $16.12 USD in the date of March, 07, 2022 and we see an uptrend. Also, you can to put a buy now and SL to $20.20 USD and target to $26 USD. Also, the target toward $24 USD could be good if in case that DOT doesn't reach the $25 USD or we see any correction toward this trend line. So guys, it's very easy we see that Polkadot forming a lower high in this market structure. This it's the H8 timeframe and I see a bullish structure from this timeframe. This will be a risk/benefit of 1:2 Good luck!!!
BINANCE:DOTUSDLong
by harisonhbn9718
1
BTC/USD: Bitcoin it's above of the EMA 200Bitcoin forming this symmetrical triangle of consolidation and maybe, the price it's ready to blow up. Also, you can to get note that in this Daily timeframe, Bitcoin it's above of the EMA 200 and also make this retest in the support zone of this symmetric triangle where in the past was resistance. But bull are taking control now in the trend and Bitcoin it's ready to goes to up. You can to put a long position in Bitcoin from this price and SL to $42,900 USD. Also, by Daily timeframe, I have calculated that Bitcoin will reach $57,000 USD and then, I use this measure in the base of this symetrical triangle to measure the projection of the price. I'm bullish in Bitcoin!!! And to know the risk/benefit this will be 1:3. And this it's a good trade to note. Now, if you want to entry in this trade, preven to use all leverage and take in your eyes your risk in this trade. Because you will need to learn how to calculate the risk in this trade and how much money do you allow to loss in this trade?. I hope that this idea support you!!!
COINBASE:BTCUSDLong
by harisonhbn9718
2
USD/JPY: Bullish ScenarioU.S. Dollar continue bullish by based the news that US firms more sanction against Ukraine and Russia. And that I believe that will benefit the U.S. Dollar. Meanchile, the U.S. jobs data it's find up optimistic in this economical signal. Now, I want to share my update of this analysis now about USD/JPY. We see that USD/JPY forming like a double bottom, but the volume in the price action and RSI could be a signal that we could to entry in the possible manipulation key zone that I watch now. Now, as I entry in the early more above to $122.74 JPY, I decide to closed up my long and put my long position more below to a buy order limit at $122.23 JPY and hope that USD make this manipulation key what I have my best point to entry in long as right now, firstly, we see a bearish candlestick in H1 timeframe, but the trend and fundamental news it's look bullish. I put my SL to $121.84 JPY and target to $123.33 JPY. Good luck!!!
Long
by harisonhbn9718
EURUSD ShortBITSTAMP:EURUSD Hello traders, this is my opinion on what will happen next on EURUSD. ➖➖➖➖➖➖➖➖➖➖➖➖ Price tried to go bullish and did a fake break out of support zone @ 1.11325 and went back down @ 1.10500 where price is currently testing this support level. If we see price don't get enough support and start going bellow current support line @ 1.10500 will see EURUSD drop to next support level @ 1.09500. I'm going short so my goal is that price will weaken and meet support line @ 1.09500. ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position. ➖➖➖➖➖➖➖➖➖➖➖➖ My TradingView Community if you like my idea, please like and follow for support. Also if you have any opinion please write in the comments, always open to new ideas. Thanks for passing by and have a good day traders! ➖➖➖➖➖➖➖➖➖➖➖➖
Short
by pmfxtrade
2