currencynerd

currencynerd

USOIL (crude oil, WTI) price is a state of increased demand as there are news of tight supplies report due to low U.S oil inventories. price found support around the $82 price areas with daily demand level of proximal price $82.70 in control, adding yet more bullish pressure to the market. price action on the 4HR chart is price found dynamic trendline support...

currencynerd

asset class : forex/currencies/foreign exchange markets asset name : Euro/British Pound (EURGBP) analyzing from the monthly timeframe price has been trading in a sideways range (consolidating) with highest average price @ 0.92500 to average low @ 0.83400 , since the year 2016 till date. still in the range price is trading in a bearish parallel channel and is...

currencynerd

Bitcoin, U.S. Dollar (BTCUSD) the crypto giant has been trading to the downside most of the year 2022 and it seems the bearish run might be far from over. on the weekly chart (yearly overview) price is trading at the $19k price areas which price found short-term support but failing to gain enough momentum to make a strong bullish run from the price...

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on the MN chart (yearly overview) CHFJPY has been on a strong bullish run making small retracements on its way to the moon also making several market pauses(demand CPs) price reached an ATH on '01 Jan 2015' @ 138.920, on '01 Jun 2022' after 7 years price pierced through the ATH with a strong bullish candlestick of +6.00% printing a new ATH @ 143.756 which is the...

currencynerd

on the monthly chart (yearly overview) price is trading in a parallel bearish trendline currently making its way up from the the bottom trendline of the channel. fresh and original demand level of proximal price @ 0.88590 indicating that current price is driven by bullish momentum. drilling down to the daily chart (monthly overview) price formed several full OCLH...

currencynerd

digging right into the technicals on the weekly price chart (monthly overview) 3 weeks ago, trading week of '8-12 Aug 2022' price made a retest to the prev broken bearish trendline which was firstly broken on the trading week of '21-25 May' forming the first full OHLC candlestick above the bearish trendline indicating a shift in monthly momentum to bullish adding...

currencynerd

the crypto markets have seen a slight recovery after July CPI , Consumer Price Index indicated a slowdown in the growing rate of inflation. The crypto exchange market capitalization rose by 4.0% with a major key player ETH, Ethereum rallying over 12% outperforming Bitcoin. on the Bitcoin monthly chart , price is reacting to recent bearish rejection/ recent high @...

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since hitting all time highs @ 69000.00 (coinbase price feed) last year 10.November , the crypto assert class mover and shaker has seen a plummet of -63% from ATH to recent low @ 25338.53 which was recorded in yesterday trading session. from my chart work , BTCUSD has made its steep decline in a traditional trading pattern of a descending parallel channel ,...

currencynerd

from my preceding gold idea , i stated having long bias on the precious metal at daily demand valley @ 1927.180 , price went to the upside 160pips in my favor before finding resistance at daily supply peak @ 1944.625 that drove price to the downside unfortunately taking me out. the drop continued from early New-York session . throughout the Asian session breaking...

currencynerd

Gold prices made an intraday bearish reversal , reaching high @ 1966.206 before making the bearish turnaround. a possible increase in xauusd prices is expected as due to geopolitical factors of investors looking for a safe store of value against rising inflation pressures caused by spiral of commodity prices due to the Russia - Ukraine invasion. The anticipated...

currencynerd

WEEKLY OVERVIEW : price on the weekly chart is in a bullish trend , trading above bullish trendline connecting from low @ 11.50520 to higher low @ 13.68600 , despite being in an uptrend price is showing signs of increasing downside momentum as it is trading in a short-term descending parallel channel. moving down to.... DAILY OUTLOOK : price is sitting on a...

currencynerd

Momentum setup ; from prev. idea i posted a possible continuation pattern on EURGBP , now price has reached my levels of interest and my long orders have been filled @ 0.83394 , which is the proximal price for hourly demand valley and extra confluence is price is also reacting to bottom trendline of bullish channel. with a risk , reward of 1:4 i have targets at...

currencynerd

intraday outlook ; price is trading in an ascending parallel pattern , having recently broken 4hr bearish trendline indicating that current market momentum is bullish . The hourly chart is showing me a potential long setup , i am first looking for price to give me a touch/retest on the bottom trendline of the channel where potential catalyst for the upside move...

currencynerd

price is trading in a bearish parallel channel but i a anticipate a break above the channel as daily imbalance is in control, currently price is reacting off of liquidity pool ranging from 0.93163 to 0.93108 , i have longs at 0.93108 with stops 12 pips from entry price @ 0.92984 and targets 54 pips @ 0.93644 just a few pips below monthly level @ 0.9368. This is a...

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price is trading in ascending parallel channel with price having retested top of channel as resistance which drove price a few pips down but i see this as a false move to trap sellers as there is a bearish trendline on top which i am waiting for price to retest which may well be the necessary catalyst to add bearish momentum to the forex pair. I have sell limit...

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this is a possible intraday setup of risk , reward of 1:3 , with no expected high impact news most of the bias was derived from technical perspective. price on the hourly chart is trading in an bearish parallel channel having broken bullish trendline forming full OHCL candlesticks below indicating a shift of current momentum from bullish to bearish making this a...

currencynerd

trading is not gambling and gambling is not trading , but like expert gamblers the best traders must think of trading as a numbers game and probability to produce consistent results. Probability may suggest inconsistency but it can still produce consistent results over a large sample of trades if the edge is good enough and is applied consistently. there is no...

currencynerd

price is trading in an ascending bullish parallel channel but failed as of current to reach the intraday high @ 119.397. inside the channel price broke out of bullish trendline forming multiple OCHL candlesticks below it , price went to retest the supply zone which is the origin of the trendline break move indicating a change in momentum from bullish to...