DOWJONES Daily Projection 25/10/22DOW JONES
DOWJONES entered the range area of 31317 - 31756 with the uptrend getting stronger. The price probably will make a correction to its support today before trying to break resistance 31756 and move up to 32091.
BUY LIMIT 31350 SL 30845 TP 31756
R3 32352
R2 32097
R1 31756
PV 31317
S1 31093
S2 30937
S3 30535
Daily Charts
NASDAQ Daily Projection 25/10/22NASDAQ
The ranging NASDAQ finally confirmed its uptrend last night. The price, which is still in the 11368 - 11469 range, seems to be trying to penetrate its range area and move up into the 11469 - 11675 range.
BUY LIMIT 11370 SL 11144 TP 11670
R3 11675
R2 11469
R1 11368
PV 11301
S1 11091
S2 10947
S3 10825
AUDUSD Daily Projection 25/10/22AUDUSD
AUDUSD rose again trying to penetrate its MA100 which is also resistance 0.63828. After correcting to support 0.63137, AUDUSD formed a higher low yesterday and is currently trying to make a higher high to confirm the uptrend.
CUT HALF 0.63280 and SL BEP
R3 0.65490
R2 0.64461
R1 0.63828
PV 0.63137
S1 0.62548
S2 0.62153
S3 0.61685
EURUSD Daily Projection 25/10/22EURUSD
EURUSD seems to be trying to break resistance 0.98930 to reach the range 0.98930 - 0.99241 today. the uptrend is getting stronger with a reversal point at 0.97564. Price correction has been carried out so that the resistance at 0.98930 becomes the determining resistance whether the EURUSD will be ejected and must correct the price first or break it and rise back up to 0.99241.
We are waiting for a break of resistance 0.98930 before entry.
R3 0.99923
R2 0.99649
R1 0.99241
PV 0.98930
S1 0.97871
S2 0.97564
S3 0.96858
GBPUSD Daily Projection 25/10/22GBPUSD
GBPUSD made a correction to close the opening gap last week and continued to rise again. The cable is currently in the range 1.13025 - 1.13502 and most likely will return to the resistance range 1.13502 - 1.13695 today after correcting the break of the resistance.
BUY LIMIT 1.13048 SL 1.12467 TP 1.13663
R3 1.14139
R2 1.13695
R1 1.13502
PV 1.13025
S1 1.12520
S2 1.12016
S3 1.10793
XAUUSD Daily Projection 25/10/22XAUUSD
XAUUSD is still in the range 1646 - 1657 Loco most likely will try to penetrate the MA100 which is also the resistance today to continue rising. If the resistance is not broken, the temporary uptrend is threatened to end and GOLD may fall again following the big trend. XAUUSD is still in a temporary uptrend with the reversal point at support 1640.
SL PLUS 1649
R3 1678.280
R2 1668.290
R1 1659.600
PV 1646.100
S1 1640.170
S2 1628.440
S3 1616.870
IndecisionMorning folks,
Market obviously stands indecision. Fundamental background remains bad but technical liquidity support from the Fed and pre-election rally distorts the picture. This lets BTC stands on the surface but at the same time it has not inner power to accelerate higher.
Currently, we do not see any good trading setups, but on longer term charts we keep our bearish view and suggest that downside breakout of daily consolidation in just a question of time. Here, on 1H chart we have triangle consolidation with potential fake upward breakout. The Friday's rally is mostly erased, so, let's keep watching. For intraday trading you could try to catch "222" patterns inside the consolidation on 4H chart. Now we do not have any. Still we think that bears have more chances to succeed...
USDX Hawkish rally starts now?Based on the latest analysis, we can clearly see the trading range of the asset and the support thanks to the Fibonacci and Ichimoku cloud, that's why I believe this will be the beginning of a very strong hawkish rally, even a breakout of the resistance of the current trading range. GOLD will be affected as well, expect an analysis shortly...
We'll seeMorning folks,
So, last setup is started nice - price turns down precisely from 5/8 resistance, keeping chances for potential downside butterfly. Although action looks slow and choppy, fundamental background still stands in favor of downside action. BTC has not taken any part in recent stock market rally, rising US interest yields keep market under pressure. So, let's see... If you have taken short position - now it is possible to move stops to breakeven.
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the four hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is nineteen thousand one hundred and six dollars, if the support is broken, the next support is eighteen thousand nine hundred twenty five dollars and eighteen thousand two hundred thirty four dollars.
Now let's move to the line of resistance, as you can see, the first resistance is nineteen thousand two hundred and thirty four dollars, if you can break it, the next resistance will be nineteen thousand three hundred forty five dollars, nineteen thousand four hundred eighty three dollars and nineteen thousand seven hundred twenty seven dollars.
Looking at the CHOP indicator, we can see that in the four-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
GBPCAD Short from Resistance to 1.538 Zone Welcome back! Let me know your thoughts in the comments!
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Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the sideways trend channel.
Let's start with the designation of the support, and as you can see, we first have a support zone from nineteen thousand four hundred and forty dollars to nineteen thousand two hundred ninety four dollars, and then we have a second zone from nineteen thousand one hundred eighty four to nineteen thousand fifty five dollars.
Now let's move on to the resistance, and as you can see, the first resistance is from nineteen thousand six hundred and seventy-eight dollars to nineteen thousand eight hundred and ninety-eight dollars, and then we have resistance lines at twenty thousand one hundred and twenty dollars.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used and the MACD indicator shows a local upward trend.
sudden support disappearsMorning folks,
Jump on all markets after CPI report was total shock for market society, at least based on the multiple comments. It has come from Fed minutes that have shown different opinions among the members on the future rate hike's pace. Second, the US banks have sent clear signal to Fed that with this rate pace they could get problems as with earnings as with default provisions.
The bounce on BTC also happened, but it was as strong. We haven't got downside range breakout, but price remains inside the range, and we suggest that downside breakout is a question of time. Since we've got daily bearish grabber, we do not consider long positions by far. Bears, if would like to, could think about position taking around 5/8 19.5K resistance. Potentially downside action could take a shape of the butterfly, with initial target @ 17.6
Invalidation point of this stuff is above 20K top.
Weekly zone ahead. This mapping is to show a very clear structure of support become resistance in daily timeframe.
I marked this zone as "Fresh SBR 6" area probably can become a good zone to re-entry sell.
If you look an opportunity to buy weekly RBS zone is the best area to take a buy risk.
Regards
Alyaqen
NASDAQ 10k soon? 🦐NASDAQ on the daily chart after the last retracement touched the resistance area at the 0.618 Fibonacci level and moved lower to the previous support.
The price looks weak and a lower low to the 10k can be expected.
How can i approach this scenario?
I will wait for a clear break of the 11k zone and in that case, i will be looking for a nice short according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
16.5K?Morning folks,
Overall situation on financial markets is far from positive. UK Bond market has collapsed and nobody knows what end will it have. J. Yellen speaks on liquidity shorts on Treasury Bills market. PPI was two times greater than expected yesterday. With such environment, whatever CPI we will get today, hardly it will reverse BTC market up.
Thus, we do not consider long position now. Since market has failed to break consolidation up - most logical way is to attempt to break it down. If it will be successful, BTC could reach 16.5K level. We do not see any bearish continuation patterns inside the range. So you could wait for them, or use Stop "Sell" entry order near the low border of consolidation. If you want to sell of course.
NZDJPY Headed Upward +250 Pip PotentialWelcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURCHF Local buy opportunity! Step by step breakdownWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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19.70-19.75 looks nice for shortMorning folks,
Recent NFP data and following hawkish comments from Fed members give small chances to stock and BTC markets to show any kind of upside performance. Fed last week finally seriously started QT and cut the balance for $200 Bln, drying more liquidity out of the market. This week we also expect the bumpy ride with CPI, Fed minutes and retail sales releases.
Thus, in current circumstances, as BTC has failed to complete even minor upside target last week, we suggest that 1H chart 19.70-19.75 resistance might be considered for short entry with potential downside continuation back to daily lows. If, of course, this upside bounce happens at all...
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,386, if the support breaks down, the next support is $ 19,226 and $ 19,090.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,496, if you can break it, the next resistance will be $ 19,601, $ 19,678 and $ 19,763.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used, and the MACD indicator indicates a local downward trend.
⚡️ #DAR/USDT - Potential 463% - Long - Daily ⚡️⚡️ #DAR/USDT - Potential 463% - Long - Daily ⚡️
All targets & analysis displayed on chart
Entry Conditions:
- Oversold
- BPT Wave Reversal
- Bullish Divergence
- Descending Wedge
- BPT Buy Signal