DerrickJerry

DerrickJerry

Key Supply and Demand Zones: Demand Zones (Support): 1.2500 - 1.2475: Multiple tests of this area indicate significant buyer interest. This zone aligns with psychological support and the recent low. 1.2430 - 1.2400: Historical support zone where buyers stepped in during previous downtrends. Supply Zones (Resistance): 1.2550 - 1.2575: Overlapping with the 50 EMA...

DerrickJerry

1. Key Observations Across All Charts Timeframes: Indicators Used: EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends. Price is below both EMAs, indicating a bearish trend across all timeframes. VWAP: Volume Weighted Average Price – used to spot fair value. The price is trading below VWAP in all charts, supporting the bearish bias. ...

DerrickJerry

Technical Observations Support and Resistance Zones: Support Zone: 1.2700-1.2720 (highlighted in green). Immediate Resistance: 1.2800 (psychological barrier and target 1). Major Resistance: 1.2900 (target 2 and a significant level for breakout). Moving Averages: 50 EMA and 200 EMA show a consolidation phase but lean towards a bullish sentiment above...

DerrickJerry

Key Observations: Support and Resistance Zones: There is a clearly established support zone around 1.0500, which coincides with prior lows and strong buying activity. Resistance levels are seen around 1.0600 (immediate resistance) and higher at 1.0700 if bullish momentum builds. Trend Analysis: The daily chart indicates a downtrend, but recent consolidation...

DerrickJerry

Analysis: Support Zone (Buy Area): The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest. RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support. Resistance...

DerrickJerry

1. Overview of GBP/USD Current Price: 1.2745 GBP/USD shows a short-term uptrend as it recovers from recent lows near 1.2550. It is now approaching key resistance levels. Trading above the 50 EMA (1.2724) and 200 EMA (1.2685) on intraday timeframes, indicating bullish momentum. 2. Key Observations Daily Chart Trend: Price has rebounded from 1.2550 support and...

DerrickJerry

1. Key Observations from the Charts Current Price: 1.0578. Trend Analysis: EUR/USD has broken out of a consolidation zone, showing bullish momentum. The price has crossed above the 50 EMA and 200 EMA on shorter timeframes (30-min, 1-hour), indicating strong upward momentum. On the daily chart, the pair is approaching resistance zones around...

DerrickJerry

1. Current Price and Trend Analysis Price: $293.34. Trend: MCD has been range-bound, with a recent bounce off $284 support. The price is below the 50-day EMA ($299.22) but above the 200-day EMA ($270.36), indicating a mixed trend (neutral to slightly bearish in the short term, but long-term trend is intact). The recent dip shows the stock testing support, with...

DerrickJerry

Looking EUR/USD chart here are my observations: 1. Price Action & Trend Analysis Current Price: 1.04923, indicating a downward trajectory. The pair is clearly in a downtrend, with lower highs and lower lows being formed over the past few months. The price is below both the 50 EMA (1.0728) and the 200 EMA (1.0832), which reinforces the bearish trend. Recent...

DerrickJerry

The Option to BUY (CALL) or SELL (PUT) some WING. Here are my key technical observations with WING: 1. Price Action and Trend: Current Price: $331.30, sitting close to the 20-day EMA (estimated at $335.21). The stock appears to be in a downtrend over the past few months, with a recent bounce off support near the $300-$310 level. The 50-day EMA ($353.12) is well...

DerrickJerry

TSLA this has a gap/wick to fill below 273 down to 264 with pts of 270/267/265/264/260. If we hold the 273 gap fill area looking for calls above 280 to 285, above 285 it would be out of the range and has room to 288/290/292/295.

DerrickJerry Updated 

Pay attention to the resistance of 1975-1985, if it cannot break through, it will test 1960-1950-1930. If 1985 resistance is broken, 2000-2010-2020 will be tested. Pay attention to the support of 1940-1930, if it cannot fall below, it will test 1955-1965-1985. A break below 1930 support would test 1920-1910-1900.

DerrickJerry

Head and shoulders pattern with a bearish triangle. Wicking off resistance will short during london

DerrickJerry Updated 

Waiting on confirmation of the sell. We will have confirmation when the candles pull back to the ENTRY FOR SELL zone. If you look in the lower times frames it has polled back and wicks touched the line already and because of this I'm looking for a flat candle to close below the ENTRY FOR SELL line and then I will enter the trade.

DerrickJerry

On friday the price was and still is above the support 1705.700. We reached TP1 on friday evening and TP2 a few hours ago. The hour candle has closed above TP2. There are two choices here. Enter long to TP3 or wait for another hourly confirmation to enter long to TP3. The support at 1705.700 was not broken over the weekend so resumption of uptrend was and...

DerrickJerry

I see an uptrend for AUDUSD so I suggest a buy (limit) above 0.7355. But the short term forecast is range bound, so we expect to reach the following targets: 0.741 and 0.744. Set the stoploss of these orders at breakout of 0.7335. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout 0.7335 and a good entry would be...

DerrickJerry

Gold has bounce off 17.95 six times since 21 July with an average range going up to 1802-1809. If gold fails to break resistance at 1795.50 on the 1 hr TF we can buy in the 30 and 15 min TF to 1805. If gold breaks the the resistance of 1795 and closes below 1795 we can set to shorts. The first from 1794 (entry) to 1789 (TP1) and the second from 1789 - 1784 (TP2)

DerrickJerry

As we forecast downtrend for this day I suggest A sell (limit) below 1.1805. But the short term forecast is range bound, so we expect to reach the following targets: 1.175. and 1.1735. Set the stoploss of these orders at breakout of 1.1825. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of 1.1825. In this situation,...