Price action traded within a range last week as it makes quite a bit of sense that we would see this market become very choppy ahead of the Federal Reserve interest rate decision coming up next week. The Shockwaves from the health of the banking sector following the rescue of Silicon Valley Bank and Signature Bank by the Federal Deposit Insurance Corp last week...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is having very strong momentum towards the upside, just the past 3 weeks the market is up about 10% which is quite a strong move for an asset like Gold. You can also see that we are currently retesting a previous weekly...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153. In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is currently breaking above a quite obvious previous weekly resistance area which is exactly at $1700. You can also see that we are approaching the next resistance at $1900, so I do expect a short term rejection towards the...
Amidst uncertainty over the extent of the Federal Reserve’s future tightening path, the U.S. dollar weakened and went on to close the week at a 2.7% loss. Despite a series of robust economic data releases in recent times, including inflation pushing in at elevated levels, there are high expectations that the U.S. central bank will deliver a 50 basis point rate...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for NZDUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Today we're taking a look at Bitcoin & a potential bullish breakout trade featuring one of my favorite breakout patterns, the ascending triangle. We'll talk about what makes this potential opportunity a good one as well as a few MAJOR things that you should be aware of before taking it. I'll also show you my method for how I project target levels. If you have...
Traders, Looks like the Cup and Handle pattern I anticipated previously is being legitimized by recent price action. Here's where we go pending confirmation on the daily. Stew
This Consolidation Breakout trade took just 28 Hours to provide a strong gain on the CHF JPY. It took advantage of the uptrend and Bullish Engulfing Signal on the Daily Chart to trade the breakout from the Consolidation Channel on the 4 Hour Chart.
USDJPY, do we have a new breakout underway? After Friday’s surprise jobs report, the USD continued its revival. Combined with a weaker JPY, this led to a 2.07% surge to close out the week, and Friday’s bar also formed a breakout bar breaking the medium-term trend we have seen since October 2022. There’s other price action incorporated into this that we have...
Despite price action being caught within a channel between the 143.000 and 138.000 level since the beginning of the year; We have identified a flat channel on the 4H timeframe which we shall be using to guide our trading activities for this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for GBPCAD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for SOL. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for EURUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for NZDCHF . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
The price is trying to create a breakout from the descending weekly channel in 1400$ area. The market is trying to create a new breakout from the daily resistance area and from the ascending 4h channel. We could see a retracement in order to grab new liquidity and create a breakout until the next supply zone on the 1600$ area
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for GBPCHF. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
After looking at a series of ascending triangles on multiple timeframes, we now have our eyes on a bullish breakout opportunity here on the AUDCAD. Wishing you guys a great week of trading! Akil