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...
GOLD bounces from the old highs and ATH; fails to break through ATH. TENKAN SEN line on W1 interval is very far away from the price – Tenkan likes to be close to the price – indicating that even if the price would break the ATH, the correction is inevitable. On the daily interval, the price is struggling to break through the last resistance; this could...
On Friday, the price bounced off resistance on D1. I closed my trades before touching this level. This does not change my main analysis; I simply see an opportunity now to go short to the next support and then hope to catch a long from a lower point. If the trendline BREAkOUT is reached before then, I will start long trades again. Write by Jarosław...
Pure trendline break strategy is based on indicators: Tradelines with Breaks (FREE) - TwB Position entry signals, trendline breakout. We look for signals on the ~h4 interval. We take a position on lower intervals when we see entry signals there as well. Order block Detector (FREE) - ObD Generates us support and resistance for the price (red - sell, green -...
Quick technical setup on OIL . Bounce from the H4 ichimoku cloud . TARGET: W1 KIJUN. Additional confirmation from luxalgo indicators on D1 and H1; H4 begins to generate signal. Breakout of the trend line on D1 and H1. In addition, on D1 there is a test of the trend line and closing of the price above. STRONG BUY. Write by Jarosław...
The pandemic caused the dollar to strengthen, despite very low interest rates. There was a moment when it weakened, and that was at the very beginning, until January 2021. After that, it consolidated until June, and then only went up. Why did the USD strengthen, even when rates were around 0%? The crisis has the effect of strengthening the dollar, since all...
The DAX is moving according to my previous analysis for now. After touching the cloud on W1 and closing under the KIJUN in June, it is slowly, but steadily moving in a downward direction. That week, the price tested the KIJUN W1 again. In addition, on MN1 it is also bouncing off the KIJUN. For happiness it needs three arguments: price closing under the KIJUN...
I don't know if any cryptocurrency has such a strong and well-built foundation as ETH. I would say that ETH is the king of crypto, in terms of utility and technological trends in its industry. If a crisis on crypto, like the one in 2000-2002 on Internet companies, came now, ETH would be one of the few to survive. If I approached investing only on a very long-term...
SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000. I see the current increases as a correction in the downtrend. I currently have four stop levels: Now, 3940, which is the old range of wave N, largest wave in the entire decline; 4040 – the second range of wave N of the current increases; 4137 – KIJUN...
The crypto market has never experienced a rapid rise in interest rates, stagflation or recession. It can be said that crypto is even the child of low interest rates and strong economic growth. The current situation could be a test for the entire market; who will stay afloat and who will drown; whether BTC counts as a commodity, an asset, a currency, or something...
What a time... It wasn't long ago that we could see a price war between Saudi and Russia, resulting in oil prices below $10 per barrel. Today, at least a partial – though the EU assumes a 90% opt-out by the end of 2022 – embargo on Russian oil is imminent. Europe stands on the fragile ground of high inflation; the end of zero interest rates; stunted economic...
Dependence on Russian raw materials; supply chain problems; the New Silk Road likely stalled or postponed; a return to a closer economic alliance with the U.S.; the vision of the ECB raising interest rates; the fastest rising inflation in 40 years; these are a few of the many reasons that could lead to an economic crisis, stagflation, and perhaps even a...
I think that the answer to the question: "is the SP500 in a bearish sentiment?" can be given up. Instead, I will try to answer how deep the SP500 can fall and what else can be expected. On the weekly interval , we can already see the confirmation of declines – cloud breakout. Tenkan line on D1 and W1 is quite far from the price, so in the near future we should...
Anyone, even those who have never invested, will tell you that gold is a safe haven. Especially when the market is pouring blood. Unfortunately, for more than two months now, gold has been falling, despite the fact that the stock market and global indices are showing bearish sentiment. This is mainly due to the change in monetary policy in the U.S. – the Fed...