Gold and DXY - What does 94+ imply? "Look for the arch in March"Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals.
While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse relationship. Instrumental correlation with gold in fact changes over time, for example since 2019 TLT and US10Y have been much more closely correlated with GOLD, but we won't dismiss the psychological impact of a rising DXY. So here is where I think we are based on past patterns.
Looking for a rising DXY in a gold bull market phase takes us back to 2010, analogous to where we are now assuming (somewhat) symmetrical bull markets. This window shows a period of initial decline into support and then strengthening along with the DXY. This 181-day window for this phase to play out can be applied to where we are now with some success. From an initial turn-up of the DXY and the simultaneous drop from highs, we bottom this first decline in early March at NOV LOW levels.
This test of NOV 30 LOWS in EARLY MARCH (1764 around the ~5th?) tests the 10yr arc support, before a similar rise of equal value brings us back to testing the summer highs and beyond. The DXY can continue to rise, which may initiate the sell-off into support before resuming the up-trend in spring into summer. I think this early March bottom is supported by the similar NOVEMBER/MARCH 2012 (Yellow) resistance tests at the same level, now flipped to support. I'm not a big believer in seasonality for gold, as much as I would say, CORN, but the NOV/MAR 1764 symmetry is noted!
One concern with this may be that 94 on the DXY (above the yellow horizon in the lower pane) is a much higher, more psychological level than was present in 2010. A rise from current levels into and through 94 is marked out in purple April 2018 window by a similar selloff and eventual resumption.
This is the most I've felt like writing here, maybe my presentation skills need to catch up with my thinking. But let's sum up by saying:
"LOOK FOR THE ARCH IN MARCH" - March 5th 1764 support, bull off double bottom to test highs in July
BONUS: This model gives an initial PT for OCT 2022 of 2648. But let's get through March first.
Zoom out, chill out. Peace.
ARC
USDCAD 1.26405 + 0.06 % * STRUCUTRE & DIRECTION IDEA HIGHER TFRMHello everyone
Hope everyone is having a good one on the charts this week MORE MONEY LESS GREED, here's a look at USD/CAD from the monthly perspective to determine some the direction ideas in the coming weeks, looking from the monthly char the pair has respected an arc formation which saw a breakout of this structure and a retest pushed down to support level 1.30225 broke down and currently seems to be on a verge of a retest of this level so looking at price and technical aspects seems the pair can push down with the bears for a while so we are net bearish on the DOLLAR CAD & THAT'S MY 2 CENTS ON THE DIRECTION AND PRICE.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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Technicals:
Inverse Head and Shoulders (IHNS) observed.
A pullback may set in around 2.11 before pushing towards take profit levels
Entry Price: $1.73 or below, close to neckline
Take Profit:
1) IHNS - $2.5 - $2.53
2) Resistance: $3.04 (closer to Book value per share = $3.43)
At least 40% Profits if idea crystallize
Good Luck in Trading
Do give us a like if you like our idea.
Charts Of Charts! (Grafiklerin grafiği!)
~1 year ago I've noticed this arc trend but I didn't want to share to manipulate minds which can boost movement. But, these days, I started thinking that the more people see this, the more likely it won't be happen, and I decided to share it. As you see, whenever it touches to arc, price makes a sharp jump. The first target seems to be around 8.50. As a profit take point, 8.49 more could be guaranteed.
I'm really upset to share this idea, I HOPE IT WON'T HAPPEN!
Yaklaşık 1 sene önce farkettiğim bu yay trendini daha önce sizinle paylaşmak istemedim çünkü hiç kimseyi böyle korkunç bir tabloyla yüzleştirip durumu daha da kötü etkilemek istemedim. Fakat son günlerde ne kadar çok kişi bunu görürse gerçekleşme ihtimali daha da düşebilir diye düşünmeye başladım ve paylaşmaya karar verdim. Teknik analiz tamamen sert bir yükselişi işaret ediyor gördüğünüz üzere fiyat çizgisi ne zaman ki bu yaya dokunsa sert bir sıçrama yapıyor. ilk hedef 8.50 dolayları görünüyor. Kâr alım noktası olarak 8.49 daha garanti olabilir.
Bunu paylaştığım için çok üzgünüm, UMARIM BU GRAFİK HİÇ BİR ZAMAN GERÇEKLEŞMEZ!
USDCAD 1.35454 - O.13% SHORT IDEAGood Day Everyone
A look at the USDCAD pair from mutiple timeframes
MONTHLY
* on the monthly chart we are still trading inside that ARC formation respecting it to the T,we are within a ascending channel as we saw the CAD gaining against the DOLLAR pushing down. seems like the bears a re still in control on the pair the sentiment is that we are bearish on the pair from the monthly perspective.
WEEKLY
* on the weekly we closed the week with a full bearish possibly signalling continuation to the downside from resistance level 1.36630, momentum is pushing to the downside on closing this past week looking for continuation to the down side on the pair.
DAILY
*on the daily we see the pair respecting the fibonacci retracement structure to an extent, we just pushed below the 50 % fibonnacci level looking for the move to continue.
the signal to go short on the pairwould be if we trade below that previos swing low and if we see significant moves and gains in momentum to the downside.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Bullish cup and handle on a temporary uptrendJudging from of the recent behavior over the past couple months ARC seem to be on an somewhat stable bullish uptrend.
POWR - trend reversal? Shaping a saucer?POWR - perhaps located at the very bottom and there will be a break in the trend - the formation of a saucer shape.
Coin - TA textbook. We see a global downtrend on a coin. Each figure was a continuation of the trend. Bear flag - rectangle (horizontal time channel) - downward wedge - rectangle (horizontal time channel). Now the coin is 1 month in lateral movement. Perhaps the Saucer will be formed. Which can become a trend reversal from downward to upward.
On the downward chart (“saucer figure”)
1) Descent of the price. It is characterized by a gradual slowdown in movement and falling prices;
2) Bottom - the bottom point of prices on the chart. It should be located on a gentle bottom (smooth bottom, without peaks). The center of the figure.
3) Climbing prices. Ideally, the graph is symmetrical to the descent. It is characterized by a gradual acceleration in price growth. When climbing the price, be sure to increase the volume indicators (to confirm the formation of the figure). The time of formation of the climb is usually equal to the time of the descent of the price or slightly more.
STRAT : Upto 100% Profits In The Mid Term#MidTermSignal
#CoinName : #STRATIS
#MainExchanges : #Binance #Bittrex
#TechnicalAnalysis :
- Strat is on of the undermined coins of all the main alt coins in the ranking. It has been in a down trend since April and showed a good reversal move in Mid May. For now looking very bullish from candle sticks.
- The price is above the EMA which is a good indication for short term profits. MACD and RSI looking good too for a bullish run in upto the mid term.
-The RSI is at 49.
Trading suggestion:
There is possibility of temporary retracement to suggested beginning accumulation zone @11800 sats. If so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone : 11800 sats
.Ending of entry zone : 12600 sats
Entry signal tip:
The close of the current candle stick will a confirmation for an accumulation move.
#TargetPrices
Target 1= @ 0.00013560
Target 2 @ 0.00015810
Target 3 @ 0.00017630
Target 4 @ 0.00019450
Target 5 @ 0.00022040
Target 6 @ 0.00025340
Stop Loss : @0.00009900
YOYO : Still Upto 120% Profits For The Mid Term.#YOYO_Update
Another leg up move from #YOYO with a breakout from the formed downward channel. MACD and RSI looking very good and Volume also in good shape by the last 24 hours chart. EMA on favor of the longs too.
Accumulation Target : 330 sats - 340 sats
Short Term Targets
Target 1 : 352 sats
Target 2 : 382 sats
Target 3 : 412 sats
Target 4 : 438 sats
Target 5 : 458 sats
Target 6 : 485 sats
Mid Term Targets
Target 7 : 558 sats
Target 8 : 652 sats
Stop Loss : 240 sats
VIA : Upto 65% Short Term Profits Opportunity. #Accumulation_Recommendation
Pair : #VIA /#BTC
RSI : 53
Volume : Showed a good pump by the last 4 hour but still need some inputs.
EMA(50) : On the way towards the floor of current price.
Note : After some good resistance test after our last call once again #VIA is on a good bullish short term trend for now. A good bullish candle sticks created by the last 24 hours and is going to test the major resistance level at around 7790 sats. MACD and RSI seems good and on favor of the bulls and EMA is also on bullish side for now. Besides the falling wedge it is already in a breakout of a short term triangle too. If the current candle can close the resistance of the blue triangle it is going to be a good indication for a breakout even upto the level of 61.8% fib levels. Trade need a strict stoploss management since Bitcoin is moving in a good uptrend testing the 8k level currently.
Accumulation Area : 7100 sats - 7300 sats
Distribution Area :
Target 1 : 7630 sats
Target 2 : 7760 sats
Target 3 : 8250 sats
Target 4 : 8530 sats
Target 5 : 9150 sats
Target 6 : 9780 sats
Target 7 : 10670 sats
Target 8 : 11810 sats
Stop Loss : 6500 sats
Risk : High
Capital Allocation : Up to 4%