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NZDUSD : Get inside both short and mid term bullish trendThe NZDUSD pair is fluctuating inside both short term and mid term upside trends , with the easily recognizable tops and bottoms that are oriented upside. After a constructed drop in september and early october, NZDUSD has made a bounce at a great support point : - The ascending trendline support that shows the pace of the mid term trend - The 150 days moving average, which constitutes a dynamic support since March of this year. Since that bounce, the short term construction is also bullish. The current drop makes a great opportunity to enter long on this pair, with the following simple strategy : - Open long under 0.7200 - Stop @ 0.7085 (below the previous bottom) - Target @ 0.7380 (just bellow the previous top to make sure you get executed if the scenario is favorable) Reward/Risk ratio = 1.56 This scenario is short term ; if the stop had to be reached then we would seek to enter later, for example near the major support.
Long
by AlexandreNygal
Descending Wedge, news in post. Good profit.Descending wedge formation and bounce off of support level at 62 satoshi/.382 retracement level. Big news that not many know about yet: forum.sia.tech We dumped initially because the product was broken. This update restores functionality (first update in 3 months), and has been demonstrated to store 100GB files on the blockchain. Potential for much more upside than target. 1.618 fib extension at 284. This would be the final target.
Long
by LARP_Capital
20
GBPJPY THOUGHTS - JUNE-SHORT TERM.After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside. if we are not going to have that correction back to 0.618 my thoughts are that we are going down FAST.
by JohnQuid
Apple: Low volatility, volume and price- where are the bulls at?Volume Apple-0.09% Volume continued falling on Tuesday and Wednesday, -5% on each to 20.8m which is 45% below the 1 month average at 38.5m and 50% below the 6 month average at 40m. This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL-0.09% risk at these prices, as they seek higher prices before they offer higher supply, hence volume stays low and the stock trades with a bid bias - hence the gap up at the open today - illustrating the supply & demand disequilibrium caused by low supply side liquidity and maintained order demand. However, volume has contracted significantly every day this week, losing over 20% since the week start, providing a promising environment for apple-0.09% growth, but the stock has struggled to hold onoto any gains, with candles often closing in the lower 25% quartiles of their ranges - indicating the stock isnt necessarily looking to push up yet. IMO the stock requires more new buyers, it isnt a selling problem its a demand side issue. With the SPX0.33% rising, it shows liquidity is increasing in risk assets so im not sure why apple-0.09% isnt receiving some of the new liquidity and posting upside gains. Volatility & Apple-0.09% vs VXAP Correlation We continue to have a bullish view from a vols perspective as implied vols dropped yesterday over 1% to 20.90. Apple-0.09% vol0.00% carries the trend with volume , falling every day this week and now sits at lows from June 2015. Also the correlation between APPLE-0.09% and its Implied volatility index continued to maintain deep into negative territory - at 93% falling marginally from 94% yesterday. This reinforces the bullish volatility signal - as historically, a higher negative relationship sets the best environment for Apple-0.09% growth. However, the correlation dips slightly, as PRICE that is starting to fail the relationship - as when correlation falls price SHOULD rise hence the high negative relationship. However, price is trading flat/lower thus the correlation is becoming more positive (lower vols and lower price = positive corr) Evalutaion Both the falling implied vols and volume , all of which in record setting/ bullish areas provide the perfect environment for growth so as per the last 3 days I am bullish on apple-0.09% and STILL expect a $100 break out to 101/2 this week, though the probability falls significantly, but thrusday is usually the best day for gains, with friday being the worst. These indicators make me especially bullish as the lower volume and vols are occuring whilst apple-0.09% trades close to 100USD, where usually, the psychological level causes volume to spike as the uncertainty causes sellers and buyers to flood the market - Which as a result also cause volatility to spike. Given that we havent see this, apple-0.09% should be comfortable with a price hike and is showing strong signs that this is the case. I feel apple-0.09% needs some upside stimulus at these prices and it will cause a cascaded rally from 100 to 1005+ in a short period of time. We just need to get past this 100 level, which keeps growing its strength every day
NASDAQ:AAPLLong
by QuantumLogicTrading
BUY GOOGLE @$711 - LOWER VOLS, VOLU & LOWS; HIGHER CORRS & HIGHSGoogle C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs. Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 710-15 before moving up again to 750+ 715-750 is a 5% move hence i am interested in buying at this price with reward skewed something 1.5:1 with risk. Coming into earnings, Goog has to make at least one bull run to highs at 770 and i believe this will be the set up for the run for several reasons: 1. since april earnings lows at 687 goog has moved in an upward trend of 688-722-700-736, the next cycle i approximate to be down to 710-3 (volume traded price) then up to 750+ (previous support turned resistance). Also the Linear regression for the on graph prices is $723, so prices below this are below this cycles average - encouraging mean reversion upwards. 2. Goog volatility correlation is in its negative cycle - the last bull cycle to 768 began with a turn from positive to negative price-volatility correlation change. - Plus goog's volatility is at yearly lows with VXGO at 17.. Low vols is something that imo is vital for any sustained bull run, as logically, more people want to own a stock that has a greater "normalised" return and risk profile. 3. Average Volume divergence - google volume is trading below its 6 month average, lower volume characterises goog's bull runs typically, as shown in the previous bull run. Since it signifies there are fewer structural sellers that are prepared to sell the stock, thus volume drops and the price is bid up until sell side liquidity is increased sufficiently to meet a new, higher, equilibrium price. 4. *please see last 3 price bars* - these bars have been highlighted as having a "topside range skew". What is inferred by this is that the candle has more activity at the higher prices e.g. the candle traded at its highs and open more than its close and low - thus this is a bullish signal as the open high and close data stayed in the upper percentiles of the candle. - Even the first candle in question (the first bear candle), opened and closed at apprx the median price.. this is unusual. the first bear candle after a strong bullish run, usually shows heavy open-close downside skew e.g. the price opens and then closes close to the lows (rather than in the middle of prices traded) - indicating that time period closed with the price being driven/held at the lowest possibility. If we were to see the opposite e.g. the candles closing on the lows, this would be bearish and indicate the price is wanting to push lower, since there was no difference between the low and close. Fundamentally i am also long google, hence why i like buying any decent pull backs - especially when they have a strong set up.
NASDAQ:GOOGLong
by QuantumLogicTrading
3
LOW VOLUME, VOLATILITY & PRICE + CORRS TURN NEGATIVE (LONG AAPL)The strong fundamentals aside, Apple is showing signs of upside stability and momentum. IMO after a failing bear run last week this week we are set up for a week of gains, given that friday - the naturally bearish day for stocks, apple managed to close higher, going against the trend of the previous two days of high volume and losses, and instead, carving itself out some strong support at 97-98. reasoning for apple upside recently has been: 1. to start the febuary bull run we saw, correlation between Apples price and Vols turn negative from positive - and establish the correct relationship of lower volatility and higher price, as the greater stability provides a home for more liquidity. - at the end of may correlations between the two did the same again - moving from positive to negative. shortly after apple recovered from 90-100. The negative relationship is still holding (infact increasing) and therefore i take it as a bullish sign, as more investors should flow into the stock. 2. The Febuary bull run was characterised by lower than average volume, as IMO, the market had less sellers in due to the cheap value apple was providing at the <100. Once again in the last 2 weeks apple is showing lower than average volume, which i am again taking as bullish. Low volume at these prices only means one thing - holders do not want to sell at these prices and thus the price must be bid up to encourage more selling. - also the low sell side liquidity may cause the stock to trade gappy, until we reach the 100 level again, where volume may pick up again as uncertainty increases selling. 3. Volatility for apple is at yearly lows at 21 flat. Low vols in this price environment, is very bullish for the stock, as it is cheap and safe, the two characteristics investors seek. Further, it was in the may-June period 2015 where vols were last at 21 flat AND also when apple made its record highs several times at 134, Thus, the low vols and previous price action at the same time last year gives me a positive outlook on the stock. This week id like to see a 101 close, ideally a 103 close. I believe apple is cheap even at 115-120 given its only 11/2x p:e for a leading tech company which is low. Apple risk at these prices is super low, I am personally buying apple at any price below $100 with a 6-12 month target in line with the market at 120+.
NASDAQ:AAPLLong
by QuantumLogicTrading
2
EUR/GBPVery nice long setup here, - Clear breakout of Daily support turned resistance - Candlestick pull back showing this level will hold to continue to the upside - Overall market trend, and a uptrend daily and 4H - Long term EMA is suggesting that we have alot more upside to come from the previous giving us that added confluence that it's a good Buying position to be taking in this market condition - broke out from two descending trend lines this also suggest that we could be seeing some more bullish upsides potentially HH's Good luck as always DacresFx
Long
by DacresFx
GBPUSD Potential Upside ContinuationTRADE TYPE: Swing/Scalp With GBPUSD bouncing off of major monthly support around the 1.39000 level and since then seeing nothing but strong bullish momentum we do not want to take any short positions on this pair. With that being said we are in the process of a pretty clear harmonic move, the good old AB=CD move. With the initial bounce off of the major monthly support acting as the impulsive leg A we have since then reached a top at B and then retraced to exactly the 61.8% retracement level. This retracement marks point C of the move as it has rallied significantly since bouncing off of the 61.8% retracement and we can expect to see a completion of the move at point D at around 1.46500. The top of B should hold as support for this harmonic pattern to "technically" be accurate, but we know that nothing in this market is perfect so we marked the potential pull-back zone with the green horizontal box at point B. We will be looking to buy a pullback of this area and look to take profits up at around 1.45600 or 1.46200. Here at Unique4xPro we pride ourselves in being the World's first "Virtual Forex Trading Floor" where we will turn ANYONE that trades with us into a profitable for FREE! That's right... for FREE! All you need to do is to fund your own trading account. If you want to join our trading team check out www.Unique4xPro.com Also follow us on all of our social media: Twitter @ Unique4xPro Snapchat @ Unique4xPro Instagram @ Unique4xPro Tune in to our daily live market reviews @ 4:30 PM EST on Periscope @ Unique4xPro
Long
by UnknownUnicorn261897
1
AUDUSD - short term bias - 4hrAfter 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of support and we respectively held that level until the following day breaking straight through it, now from this point we had a minor fall in the next few days and went on to retest the support as resistance on the 10th of july and again on the 15th, indeed failing!. As we continue this week keep an eye on this level as we could break the resistance heading higher to the 61.8 or infact be a perfect entry for a sell order. Happy Pippin
by HektorMorganFX
Upside potential BTC/USDBeen really interested in the workings and concept base around Bitcoin so thought I would analyse it for possible opportunities. Seen a strong trend holding on the daily charts which is correlating perfectly down to the 4Hour chart. Some strong fibonacci levels in action here along side MACD and RSI indicating a pivot in momentum. Two potential targets set at weekly resistance levels between 289 and 295 levels. Looking forward to seeing this one play out.
BITSTAMP:BTCUSDLong
by Dylan-Rogan
USD/CAD BREAKS DAILY RANGE - POTENTIAL LOW RISK TRADEA DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT CANNOT BE RULED OUT, A HOLD OF THIS LEVEL WOULD BE SIGNIFICANT - LITTLE RESISTANCE LIES AHEAD OF THE DOLLAR AND FOLLOWS THE LONG TERM BULL TREND OF THE PAIR
Long
by JoeNeilCarey
Bat Pattern or a Wedge GBP/JPY, 1hr Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern triggering a reverse in the market and rallying back up into the 1.618 extension of the BC leg. however, if the market breaks through the wedge at the 3/4 mark on the upside, its likely to see a similar rally, up into the 1.618 extension, but our room for profit is less. So my entries are marked at the 3/4 mark on both the upside and the downside, both long. my upside stop is placed at the current structure level around 1.8170 and that limit is placed at the 1.618 extension of the BC leg. The second option, for the bat pattern egas an entry placed at the 3/4 mark on the low side of the wedge, a stop placed at the lowest low of the bat pattern , and a stop placed at the 1.618 extension of the BC leg. Than you for you time to analyze with me, i look forward to future trades, if you do too, please like and follow, but also , comment and let me know what you think. Thank you guys again, good Trading!
Long
by Kylan_Laymance
Divergence on DXY (Dollar Index)I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago. This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will reverse hard to the downside, BUT we can expect a correction near. Also, the high of this week came into 92.52, very close to the 2005 high, which is at 92.63. Keep this level in mind as can become a big resistance (as 92.50 has been from Thursday).
INDEX:DXY
by dcm2020
2