thepoorextrader

thepoorextrader

Moving Averages: 20-period EMA (green), 50-period EMA (orange), and 200-period EMA (red) show a clearer short, mid, and long-term trend direction. The price is currently trading below the 200 EMA, which indicates that the overall trend is bearish. The price has moved above the 20 EMA and is challenging the 50 EMA, suggesting a short-term bullish reversal or...

thepoorextrader

Moving Averages: The 20-period EMA (green line) and 50-period EMA (orange line) are closer to the price and show short to mid-term trend directions. The 200-period EMA (red line) represents the longer-term trend. Currently, the price is above the 200 EMA, indicating a bullish long-term trend. Relative Strength Index (RSI): RSI is slightly below 50 (48.05),...

thepoorextrader

Buy Setup: Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart. Confirm if the price forms a reversal pattern, like a double bottom. If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move. Sell Setup: If the price shows a bearish rejection at the 20 or 50...

thepoorextrader

Moving Averages (MA): Currently, the price is trading below all three EMAs, indicating a bearish trend as it suggests selling pressure. The death cross (where a short-term MA crosses below a long-term MA) may have occurred between the 20 EMA and 50 EMA, reinforcing the bearish sentiment. Support Zone: There's a clear support zone at around 142. The price is...

thepoorextrader

USD weakens ahead of FOMC as market watch out for any yield curve control which will be negative for USD

thepoorextrader

Levels to watch. Next move will depend on OPEC, Russia and Saudi's announcement.