I took a position in USOUSD a couple of days ago on Friday, I felt it reasonable that oil was undervalued & with more money starting to flow back to households with reduced interest rates worldwide, albeit Australia and soon to become a 'banana republic' as it was supposed to become a a couple of decades ago. So, oil I tip may be breaking out and if you take a...
The chart is a about 2.5 years of weekly pricing of the US Dollar Index USDX. Simply, illustrating 3 examples of positive divergence for the Dollar and why the $-rally has grown to such an enormous force here at the end of 2024. My analysis left me wondering about the high to lower-high on RSI which over the same 2.5 years led to a higher high recorded in...
I don't follow the news much these days, but the safe haven thingy is not going away, Middle-east, Russia, North Korea, it seems to be the cool thing for a leader to do is start a war. Enter the Gold-price & its safe haven attributes. I had written Gold off the last few days, doing its daily up and down liquidity checks and price not moving much on Friday....
I used to be a shocking chaser of news events and finance data, you know the important data that gets released at about the same time the NY session opens, give or take an hour or 2. But lets focus on the strategy that puts you in a position to win. If you like charting especilly being able to read things like where the demand levels are and where the supply...
So bitcoin has been retracing back to a Top 2 and well it looks like it might be on a mission to break 100 this time around. I think a few traders including myself making emotional decisions to help it get through this time, I was temped to buy it again about 200 points down only a few hours ago. It sort of makes sense that this could be the time to crack 100...
I kept looking at this for a long time to see if this was a fake bounce off the bottom. The so-called smart money gets in first. Think big banks and the mates of these people in the know, good luck to them. I try to get into a trade at the same time, BUY break above 0.5737. BUY NOW ABOVE 0.5737: Here is the confluence.
That is the 4HR chart of the USDX. It's in a massive rising wedge still on many timeframes but it also is caught up in a Top2 on timeframes right up to the 4HR. This does not mean 100% that the $ will fall and it does not mean the USDX will fall. But on the law of averages, they normally drop some more from those levels and this appears to be an MTOP down...
It's been a big bullish day in Asia for GBPNZD Longs, up over 0.5% today but I think so long as GBP financial news today is not disruptive for the pound, then I think we can be sure that this is the one to breakout and retest those highs 2.1880, we are only about 1% below that level.
You can see here a weekly chart for CADJPY, It's quite apparent the uptrend, and the price on a weekly has been in a huge rising wedge since March 2020, nearly 5 years ago. This year alone, there have been at least 3 moving averages cross-ups supportive of higher prices to continue, the one that interests me the most is the most recent MACD bullish cross-up on...
Here is a publication on GBPUSD I recently wrote but I mistakenly made it only available for subscribers. Click the link right here below to read about GBPNZD.
I'm. happy to buy down here at the bottom in a golden zone Fibonacci-Level with a recoiling daily candle on 22 November that shows a long-tail where buyers have stepped back-in. This would be smart money institutional buying. More to follow on the trade of 2025 LONG
By KivancOzbilgic When I'm quickly scouring charts I try to have 2 indicators already beaming, 1. TV Chart Patterns 2. Alpha-trend by By KivancOzbilgic. I think the indicator works well on its own with some ema's or similar. So Alpha alerts with a 4HR Buy. I knew the volume might be a bit slow because I think people have had a gutful of this GBPUSD trading up...
Originally I got on the wrong side of this trade, but things have bounced back for GBPUSD Longs. I'm sure there will be a pullback into 1.2708, so take a look. By the way, there is a Fib retracement right now, you could probably get in around 1.2690 or less. You will find Fib levels I wrote in here on chart
GBPNZD has not crossed up hard with buyers as its renowned for this pair, since around the end of October. Look at the bullish candle and tail showing the flush of buying right now in this 1hr candle. Standby.
This is COMPUSD on a highertime-frame. Although its priced at 70.45 approx. its previous all time high was over 500. Here is a chart that shows why its about to Pop upwards imo.
This Crypto is looking good lately and as traders turn to lesser known Crypto's that may have a better risk to reward ratio, I am talking about ones like Hedera Hashgraph that only recently got it daily 200ema to be just near price and preferably directly underneath price on a Daily chart. Then price snaps upwards with ease because all of the EMA's are stacked...
The Gold price is struggling to move above 2660. It very recently pulled back to 2558 and then tried to retest 2661 but failed again. Price is now at 2660.50 Keep an eye on this
Binance are usually right on cue with their Crypto ownings. The chart patterns are usually suggestive of bullish buy positions. I checked this on mulitple timeframes. It looks to be at its record high price. Certainly one to watch. At time of writing Bitcoin is also in supply mode. I would not recommend a short trade in it as such, only because its very...