OANDA:EURJPY looks very negative on weekly chart : 1.EMA showing downtrend 2.MACD showing downtrend 3.Failed attempt to test the trendline it broke down few weeks earlier Pay attention for 156 which act as support. If breaks, possibly slide further. Cherio...
Interesting price development in TVC:USOIL daily chart. The MACD downtrend was already broken out on 9 October 2024, while the price now has break the short term trend line. Price could advance from here at least up to its 220EMA. The broken trend line could act as support. Cherio...
BINANCE:SOLUSD weekly chart showing massive inverted H&S pattern which broken out since Feb 2024 - which followed by malaise price move we experience couple of months back, before we finally see the rally started again. On recent move, there's also a bull flag being broken out. EMA could be used as support in case of a pullback. Cherio...
This is TVC:DXY 4 hr chart. The price has been on rocket boost for 17 days now without any pullback....which is too hot, IMO. With price and MACD now making some divergent & the need to cool off some of the heat, we could see some pullback. Cherio...
Since 1 October, FX:EURUSD has been stomped down harshly, 3% so far. With divergence forming on this 4 hr chart, we might see a bounce from this level, at least to release some pressure that has been built up. Cherio...
Nice looking setup on $NASDAQ:NVDA. Price complete inverted head & shoulder to the upside, and now possibly retesting the breakout line to flip it into support. See how it goes. Cherio...
BITFINEX:ETHBTC looks interesting. Big brother Bitcoin seems to overshadow Ethereum since forever as we can see the ratio keep getting lower and lower from time to time. But something interesting seems to be happening at the moment as the price is making divergence setup with MACD still keep rising up to today. If this thing blow to the upside, then we might see...
TVC:USOIL has been able to climb up despite the volatility that came with it. Today's price action is quite interesting as it quite similar to last February fractals. The task for the price will be hold the price and make a bounce...a morning star pattern, or doji maybe ? See how this interesting setup played out. Cherio...
Drawing pattern can be subjective, but this is my take for COINBASE:SOLUSD , a triangle with 2 fake breakout, and the price currently retesting the triangle side line. Let see if it able to slice through this time...and stay above it. Cherio...
COINBASE:ETHUSD seems to be making similar fractal with last year. Last year, the price also keep going lower before make a sudden move to the upside. In any case, the latest high must be flipped into support first to move into positive zone. That would means a close above $ 2,800.
INDEX:BTCUSD managed to make a bounce but yet to claim the latest high. The price has been moving within the wedge for quite some time. Let see how the price would progress this time. Resistance would be $ 65 K for the broadening wedge to be complete.
Just another perspective on TVC:DXY . Diamond pattern on TVC:DXY daily chart.
This CRYPTO:SOLUSD dull market has now last 206 days, and the price, after made a bounce, has now back again at the 220 EMA. The last 206 days, the price has made 2 fakes, many bounce around & many many bored traders. I love to see beautiful price movement & this ain't one. Bearish ? my trade is based on chart, so this is not the option yet as the price still...
TVC:DXY is the basket, while this FX:USDJPY pair is the determining variables, which seems currently right at its EMA 220. Last time the price getting hammered was 11 July 2024, 3 months ago. So, quite understandable if some pressure needs to be released. With the price now at resistance, let see if the hammer would go to work again. The macro theme is still...
I did expect that the muddy waters finally pass, but seems not yet...really a tiring market. Last time the price did this kind of thing was last year, but it managed to resolve it just in 180 days (6 months). While current one has last more than 200 days. What cause this ? don't really know. Could be due to TVC:DXY that bounced, lack of liquidity, or any...
SP:SPX is on the move. After completion of cup & handle pattern, the price has since retest & bounce back up. Now the price is managed to close above the mini rectangle. The first price target would be 5,900 before heading to C&H target at 6,200. Cherio...
Many assets are waiting for clarification on TVC:DXY move. At the moment, it still climbing towards the lower side of triangle as resistance at 103. If breaks, we still have 220 EMA at 103.40. I'm still thinking this will go lower & this move is simply a pressure relief...but let see.
TVC:USOIL made a big move last week, 8.5% gain. On the weekly chart however, it still have the trendline as a resistance to break. So bullish if the price can move up beyond the trend line ($ 80 and up).