EURUSD SHORT- Rejection of 4HR 50MA
- Lower lows
- Potential cross of 200/50MA on 1hour
- Pullback to 0.786 for better RR
- Strong USD
50ma
CADJPY SHORT- Strong YEN
- Overall downtrend
- Lower highs
- Potential cross of 200/50MA on 1hour?
- Pullback to 0.786 for better RR
AUDNZD SHORT- Rejection of 4HR 50MA
- Lower lows
- Cross of 200/50MA on 1hour
- Pullback to 0.786 for better RR
CHFJPY SHORT- Strong YEN overall
- Lower lows and lower highs
- Want pullback to 0.786 level to line up with 50ma and create new lower high
QQQ overview 23/09/2020QQQ about to get a reversal for the short term into #2 trend line.
There are few reasons for that:
1. QQQ had amazing rally since March
2. On 2nd september, a correction from the high started. it blocked exactly at the 23% Fibonacci level (see linked overview)
3. after a small correction, QQQ fell down below 50MA
4. Now, after a correction, 50MA should be used as resistance level.
My assume is that 50MA will be a resistance level, and then QQQ will fall staright to #2 trend line which is also arounf the 38% Fibonacci level
From my Point of view, as lone as we're above #2 line, we're still buillish.
CADCHF LONG- Lower lows, lower highs
- Break of 50MA on the daily
- Recent cross of the 50/200MA on the 1hour
- Pullback to 0.786, should tap the 50MA
AUDUSD LONG- Overall uptrend on higher timeframes
- Potential cross of 50/200MA?
- New higher high formed
- Rejection of 200ma and 0.786 fib for entry
AUDJPY LONG - Overall uptrend on higher timeframes
- Potential cross of 200/50MA?
- Small drop to reject 200MA and 0.786 FIB for an entry
- Higher highs/lows forming
AUDCAD LONG- Creating new higher highs and higher lows
- Weak CAD
- Cross of 50/200MA
- Pullback to 0.786 FIB and 50MA for entry
EURUSD SHORT- Lower lows, lower highs
- Break and rejection of 50MA
- Rejection of 0.71 FIB
- Want slight pullback to touch 0.71 FIB again for an entry
USDCAD LONG- New higher high formed, along with higher lows
- Break of descending trendline
- We've had a rejection of the 0.71 FIB and 50MA
- Oil has dropped which affects the CAD negatively
- Could enter around now, however, I expect a slight pullback to the 0.786 for a better entry
SPX Gives Bulls a glimmer of HopeAt first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden accounced harris as his running mate. Yup, the 11th of August.. that big red candle I have circle. I'm not exactly sure what that means. But hopefully that wil be the last support line we'll see for a while. Which is why I saw it's a glimmer of hope. Yes, we've closed below the 200 MA on the 4 HR. Now we just need a comeback.
AAPL Fell to the 50
MSFT Fell tpo the 618
I think the worst is over... I hope.
***USDJPY*** Bears are starting the weekI believe that USD/JPY will continue bearish at market open. Monday morning market open is always risky but I believe my analysis holds a strong case for it to remain bearish. Firstly on the 5 minute chart, we see a engulfing bearish candle with the overall session pushing to the downside. We are also trending below the 50 MA which to me indicates a continuation of the downtrend. This small pullback has also held up nicely on the FIB as we see strong rejections of the 0.78 and 0.5 zone.
On market open i will wait to see if we see a small retest of the zone and then look at entering for a short, targeting the recent lows. If I am sure the lows will be hit I will trail and stop my way to the bottom of the trend.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Please comment, like and follow so I can continue to provide helpful content.
HAPPY TRADING
-MATT
CADJPY SHORT- Break of ascending trendline
- Lower highs, lower lows
- Double top
- Rejection of 0.618 FIB
- Rejecting 50MA on the daily
CADCHF SHORT- Break of ascending trendline, forming lower highs and lower lows
- Rejection of 50MA and 0.786 FIB
AUDCHF SHORT- Lower highs
- Rejection of trendline, 200MA and 0.382 FIB
- Failed to close above 50MA on the daily
NZDJPY reacts to 50 EMA and might break strong resistance NWNZDJPY is one foot on the path to strong daily resistance (dark blue). It stopped there twice and it also respected the level in history. Let us see what it does. I would like a little bearish Monday opening to get a good price and kickstart the upwards move mid-through the day.
Pinbar makes it unlikely to get 50 EMA price, but on an intraday basis, a good long can be caught and perhaps even held for a few days. There is also 50x200 crossover, so I suppose crossover traders might be boarding and eventually push the price even through the blue zone.
Silver and Gold Senior - At the end of its downtrendThis is making its U-turn, it takes time for this big cruise to turn around and head to north pole for Xmas.
changing direction of its mid-term and long term down trend.
50MA crossed above 200MA recently
Consolidating after strong reversal patter
short term consolidation triangle is getting too small. Volume shows perfect time for a break out
AUDJPY LONG- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB
- Also lines up with the 1 hourly 50MA
- Previous resistance has turned into support
NZCAD SHORT- H&S formed, and price broke through it
- Want a pullback to the 0.382 FIB which is
around the neckline area
- That would line up with the 50 and 200MA on
the 1HR
- Rejections of those would be a good indication
to go short
GBPCAD SHORT- Break of ascending trendline with a large
bearish move
- Break of 50MA
- Looking for pullback to retest the 50MA,
trendline and/or 0.382 and 0.618 FIB
EURAUD BUY- Higher highs and higher lows
- Trendline rejections and 0.618 FIB along with 50MA on 4HR
- May look to buy if we get slight pullback to 0.382 FIB, which lines up with 50MA on the 1HR
