Gold continues its downward trend by forming lower and lower lows and highs. Currently, the price is at RESISTANCE, so when I see confirmation on lower intervals - the formation of new lows on H1 - I will take a position. Breaking through RESISTANCE may indicate strength to reach the MAIN RESISTANCE. Target of declines is: KIJUN MN1 (support) and MAIN...
The NASDAQ pushed on the euphoria related to AI and NVIDIA, has broken out of the recent correction, giving a signal to buy from a higher interval. Currently, there should be a correction of the recent increases; fundamentally, this could be due to news of one more interest rate hike from the Fed. There is one more resistance ahead of the peak breakout, which...
BTC after failing to break through the SUPPORT - the D1 candle closed under, but the W1 failed to break through even once - comes back to fight again with RESISTANCE and immediately loses. The same situation as last time: Breaking through the SUPPORT will mean an attack to the MAIN SUPPORT, and in case of further declines, an attack to the lows. If the...
Instructions: 1) The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current...
Instructions: 1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current price...
Instructions: 1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current price...
Instruction: 1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2)The Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3)The Stochastic Oscillator (Stoch) in forex helps identify buying and selling moments based on a comparison of...
The indices reacted very optimistically to the labor market data and a possible pause from the Fed. The NASDAQ has approached its recent maxima and all indications are that it will attack the KIJUN line on the monthly interval. I now expect a short correction - KIJUN/TENKAN H4 - and then an attack towards the top. I will change my stance only after the slide to...
The SP500 is in long consolidation and it looks like it is near to its end. I am considering two scenarios: 1. After debt ceiling deal – when they increase debt limit – the price will break up as a bull trap and will bounce from the next resistance. It will fuel the price to push to the targets – near pandemic bottoms. 2. The price, after the deal, will do...
The price, after the first stronger decline, returned to test the resistance at the 30000 level and inevitably returned from there. The minimum downside target has changed, as TENKAN W1 has been made closer, so it is worth assuming that the price will encounter its next problem at the old lows; around $26500 and $25000 (old peaks). A break through 23000 (KIJUN...
Currently, the price is between two very strong SUPPORTS. To be fair, this range has kept the price there for more than 20 weeks and is building the price to probably pump. There is a divergence (accumulation) on W1 and if the price breaks through the KIJUN line on D1 and additionally through all the support, the next target for the price is the KIJUN line on...
BUY NZDCAD RSI/BOLLINGER_BANDS/HAIKEN_ASHI The Relative Strength Index (RSI) shows that the asset is momentarily overbought/oversold, suggesting a possible trend reversal. The Bollinger Bands indicator shows that the asset is currently in the upper/lower resistance/support zone. In addition, I use Heiken Ashi candles, which help to see the trend in a smoother...
Hi, TradingView community! I would like to share with you my analysis on EURUSD. It looks like we have a potential opportunity to take a buy position, based on several key factors. I present my observations below: Duration of analysis: H1-D1 intervals (position: daytrade / max 2 days) Current situation: Ichimoku: . D1: EURUSD after the dead cross signal from...
GOLD did not decisively break through support, set in the previous analysis, but instead broke through resistance, which pushed the price to ATH. From there, gold immediately turned back - it is still too far from TENKAN W1 and MN1 - showing great weakness and preparing for declines or continuation of consolidation. Currently, the price has stopped at support, so...
META, after an excellent 6 months of growth, the price stopped at a very strong resistance - KIJUN Q1 and MN1, as well as old peaks/highs. The rebound may continue until the next strong support - KIJUN W1 and the 186 level (peaks/highs).
The Bollinger Bands indicator is one of the popular technical analysis tools used in Forex trading. Here are some ways you can use Bollinger Bands in Forex trading: Identifying support and resistance levels The Bollinger Bands indicator can help you identify support and resistance levels. If the price of a currency pair approaches the lower line of the...
What is RSI: . RSI, or Relative Strength Index, is a momentum indicator that is used to measure the strength of a trend. RSI works by comparing the average profit and loss over a specific period. It is primarily used to identify moments of overvaluation or overestimation in the market, allowing investors to enter the market with a much greater chance of profit. ...
Haiken Ashi candles are a very popular type of charts used in Forex trading. Unlike traditional Japanese candles, the Haiken Ashi chart uses a special algorithm to process the price data, which makes it easier to read trends and market direction. Benefits: What are the benefits of using Haiken Ashi candles? First of all, such charts allow us to detect market...