moressay

moressay

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.

moressay

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).

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CRYPTO:BTCUSD still waiting the price to resolve, but overall still looks bullish to me. Probably waiting for TVC:DXY to decide where it wants to go.

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NYSE:IBM close the September trading month by making ATH. Last time it did this was in 2010 & the price kept went ahead for the next 12 months. Would it has the strength to repeat the same history ? let see. Cherio...

moressay

One of the thing that I love about trading is how we can look at the price history. Since this week the TVC:DXY seems gaining momentum (at least in short term), I just think it would be interesting to see the history of relationship between FX:USDJPY as this pair currently possibly pivoting its trend. This is FX:USDJPY weekly chart, goes back to...

moressay

First, let's take a look at 4 hr chart of CRYPTO:SOLUSD . The 220 EMA line has now breached & the price dive further to 136-138 zone at the moment. So, what's next ? Why don't we try to zoom it out a bit, see the daily chart. It is now resting at 220 EMA line, which as well the trend line support. To continue its bullish journey, the price need to bounce...

moressay

There's a beautiful pattern on NASDAQ:NVDA daily chart about to complete. The 1st attempt was failed, now it wants to give another try. MACD downtrend line has been broken...usually price follow suit...but in the market, always prepare for the un-norm. Cherio...

moressay

CRYPTO:DOGEUSD is retesting the support after breaking out its downtrend channel on daily timeframe. Cherio...

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CRYPTO:WIFUSD breaking out the channel on daily timeframe. Now retesting the support. Cherio...

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Some commodities are surging...how about TVC:USOIL ? as war narrative usually bullish for this asset. Looking at the weekly chart, looks like it still bouncing around the triangle it made since 2022 with now close to support. There's a breakout on MACD but negated again, back to where we are now. Long term bullish play need to see a breakout above the triangle...

moressay

Don't favour INDEX:ETHUSD price action TBH, but from MACD perspective, the price is bullish (at least start the bull journey). As for current price action, just rely on basic principle : remain in bull scenario as long as price doesn't make new low (i.e., supports holds), and EMA doesn't make death cross. For now, enjoy the price retesting its support.

moressay

PEPPERSTONE:NICKEL completed a double bottom pattern.

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COINBASE:BTCUSD just barely making its move, then suddenly it must come to and end. So has the rally ended yet ? I'm on the side that think this is just the beginning & this drop is really a pullback the price needed to later resume the climb. There are some conditions that indicate this : - Price & indicators are still positive (I just use EMA & MACD), above...

moressay

TVC:DXY is releasing the downward pressure & has now entering the box once again. My hunch is the price will go back & forth within the box, but if break to upside, then there's another resistance to overcome there. MACD is still negative. Still looking bearish, but no trend & seems tend to volatile in this box. Better stay out until there's more trend clarification.

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Right...what we think market will do is one thing...what it does, is another whole thing. Let see COINBASE:SOLUSD 4 hr chart here. Price has dive from 160 & now resting at 220 EMA, which happen to be the trend line support. Let see if this holds & the price is able to bounce from here.

moressay

TVC:USOIL is still weak and now dropping towards the floor. A bounce is possible, at least to release the downward pressure a little bit. I see the MACD as the clue, already showing a bit of life. Still bearish, but possible bounce for scalp trades.

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Oil is pounded down but NYSE:XOM seems managed to hang on. It's now even at inflection point of trying to breakout the downtrend line, which if it does, a completion of cup & handle pattern. Wait & see for now.

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Weekly CAPITALCOM:PLATINUM chart: breakout attempt is in progress. Last breakout in May was unsuccessful, the candle was peeking above the trendline, but dive again the following week. Would we see different result now ? possible as the EMAs are positive and MACD is positive as well.